Market love it22 Jul 2022 09:59
Its up 4% at the moment.
James Normand said: "The board is pleased to report a moderate increase in the portfolio valuation for the quarter, despite a challenging macro backdrop, notwithstanding the uncertain economic outlook generally,including the sectors represented by the company's portfolio,we remain positive about the prospects for the companies in which Vela is invested".
Considering whats going on with the economy inflation,interest rates etc, i think they have done pretty well, I wonder what it would have been like without all this economic uncertainty,i suspect a much bigger increase.
Have a great Vela day, ATB,:))),Lvu333