👀 Ones to watch: The MOST undervalued stocks to buy right nowSee Undervalued Stocks

Albion Venture Capital reports half-yearly financial loss

Published 11/28/2024, 12:04 AM

LONDON - Albion Venture Capital Trust PLC (LSE:AAVC), a publicly traded investment company, has reported a loss for the six-month period ending September 30, 2024. The company disclosed a loss of 1.80 pence per share, marking a 3.9% decrease from the opening net asset value. This compares to a loss of 2.15 pence per share in the same period the previous year.

The net asset value per share stood at 42.04 pence as of September 30, 2024, down from 44.93 pence reported on March 31, 2024. The fund size was reported at £56.9 million, a decrease from £62.0 million at the end of March 2024.

During the year, Albion Venture Capital Trust PLC paid out dividends of 1.12 pence per share, which is a reduction from the 1.27 pence per share paid out as of September 30, 2023.

The financial results are detailed in the company's half-yearly financial report, which has been made available on the company’s website and is also due to be submitted to the National Storage Mechanism for public inspection.

Investors and interested parties seeking further details about the company's performance during the period can visit Albion Capital's website or contact Vikash Hansrani, Operations Partner at Albion Capital Group LLP.

This article is based on a press release statement from Albion Venture Capital Trust PLC, providing shareholders and the public with a transparent view of the company's financial performance over the past six months.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.