TENT net asset value grows...5 Dec 2022 21:17
Triple Point Energy Transition PLC on Friday reported a growing net asset value, and a positive outlook that is buoyed by elevated energy prices.
At September 30, NAV per share stood at 100.26 pence, climbing 6.1% from 94.50p a year before. NAV total return in the six months to the end of September improved to 7.2% from 0.4% in the same period a year before. It was also higher than 4.9% for the financial year 2022 that ended on March 31.
The London-based investment trust focused on low carbon energy efficiency in the UK cited ‘an improved outlook for power forecasts, by independent market advisors, along with the higher inflation expectations’.
Triple Point declared an unchanged interim dividend of 2.75 pence per share.
Worth waiting for.