RE: After reaching 185p on 5th August..17 Nov 2016 15:28
Well chartist view did not work out there but that was because it was trumped by news. The share issuance in September to raise £76m seemed to go down like a lead balloon and punctured our steady rise this year. That money was for investing in new projects so I don't see why it had so negative an effect.
Highlights of yesterday's results show we are on track and have delivered:
· Total shareholder return for the period of 10.4% (annualised), based on interim dividends declared plus uplift in NAV per share in the six month period.
· Aggregate quarterly dividends declared for the first half were 3.82p per share (2015: 3.72p); on track to achieve the Company's aggregate dividend target of 7.65p per share for the full year1.
· Value of the Company's investment portfolio up 7.9% in the six months, based on the 30 September 2016 Directors' valuation of £2,189.9m (31 March 2016: £2,030.3m).
I must admit I sold half when it started to drop but am now looking to get back in again and hold for another year or two.