Livermore Investments swings to yearly loss, NAV per share drops

(Alliance News) - Livermore Investments Group Ltd on Monday said it swung to an annual loss, and reported a decline in net asset value per share.

The investment company focused on fixed income instruments said it swung to a pretax loss of USD24.2 million in 2022 from a profit of USD24.8 million a year before. This was down to a USD44.6 million hit from fair value changes of investments, swinging from a gain of USD6.3 million in 2021.

Its net asset value per share at December 31 was USD0.77 per share, down 28% to USD1.07 per share a year prior.

The company did not declare a full-year dividend, unchanged from a year prior.

Looking ahead, although fixed income markets "fared poorly" amid growing interest rates, Livermore said it is "well positioned" to benefit from current conditions, noting its robust investment portfolio and strong liquidity position.

Shares in Livermore Investments were down 2.4% at 40.00 pence each in London on Monday morning.

By Sabrina Penty; Alliance News reporter

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