Strategic Equity Capital PLC - specialist alternative equity trust, maintaining a portfolio of UK smaller companies - Reports net asset value at June 30 rose 8.3% to 342.47 pence from 316.21p the year prior. Describes NAV performance as encouraging, reflecting the focus on higher quality companies exposed to areas of structural growth. Believes that continuing to prioritise companies with resilient business fundamentals and strong balance sheets should enable the company to continue outperforming over the medium to long term. Proposes final dividend of 2.50p, up 25% from 2.0p last year.
Current stock price: 300.00 pence
12-month change: up 13%
By Jeremy Cutler, Alliance News reporter
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Strategic Eqty (SEC)