St Peter Port NAV per share drops as it continues review

Investment company St Peter Port Capital announced its interim results for the six months to 30 September on Wednesday, with its investments in 17 companies at period end valued at £20.7m.

The AIM-traded firm’s net asset value was 37.14p per share at period end, down 0.9% since 31 March.

It realised £161,000 of cash since 1 April, bringing the total to £66.2m realised since inception.

The company said foreign exchange movements contributed 3.11p, or 8.3% to the NAV per share in the period.

St Peter Port had £2.9m in cash as at 21 October.

“On 3 October, the company announced that it was launching a review of strategic options available to the company to maximise value for shareholders, including a potential sale of the company,” said chairman Lynn Bruce.

“We are very conscious that the company is reaching the end of its second five year life and we are focused on looking for ways of returning value from an illiquid portfolio.”