LONDON (Alliance News) - P2P Global Investments PLC on Friday posted a total return on net asset value of 6.13% for its ordinary shares, and 1.36% for its C shares in the half year to end-June.
P2P invest in credit assets originated by online and alternative lenders. It listed in May last year. It said that as of the end of June both its ordinary and C shares were both fully deployed.
IT has established lending contracts with fifteen platforms, and has also made a total of 10 platform equity investments, representing 3.14% of net asset value in its ordinary shares and 2.5% net asset value in its C shares.
"The company's return profile to date and low volatility of monthly NAV growth offers its shareholders an attractive risk reward proposition by providing exposure to a well-diversified portfolio of consumer and SME loan portfolios with lower duration than the conventional fixed income products," the company said in a statement.
"With a sizable pipeline and access to loans originated by various platforms, the company is ideally positioned to continue building its loan portfolio and deliver target returns to its shareholders," P2P added.
Shares in P2P Global Investments were up 0.2% at 1,027.00 pence Friday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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