Candover Investments (CDI)

Sector:

Investment Firms

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 115.50p
   
  • Closing Price Chg:
      0.000p
  • 52 Week High: 143.00
  • 52 Week Low: 114.00
  • Currency: UK Pounds
  • Shares Issued: 21.78m
  • Volume: 0
  • Market Cap: £25.15m
  • RiskGrade: 37

Candover Investments net assets per share drop in first half

By Michele Maatouk

Date: Wednesday 24 Aug 2016

LONDON (ShareCast) - (ShareCast News) - Candover Investments reported a drop in its net assets per share in the first half of the year.
For the half year to the end of June, net assets per share fell 39.1% to 148p.

Realisations completed in the period included the realisation of the balance of Stork BV announced in December 2015 together with the partial realisation of Parques and Technogym following their IPOs. Proceeds in the period totalled £30.1m.

The company's retained investment portfolio dropped in value by £9.7m, reflecting the impact of the reduced IPO valuations of Parques and Technogym.

This was further compounded by the post-IPO share price weakness of Parques offset by recovery in the performance of Technogym's share price, Candover said.

Net debt declined to £10.2m at the end of June from £33.2m at the end of December last year, reflecting the benefit of realisation proceeds offset by operating and accrued financing costs together with adverse foreign currency movements.

Chief executive officer Malcolm Fallen said: "Our balance sheet is much improved following the first half realisations leaving the business better placed to weather any uncertainty over the foreseeable future.

"Until we can establish a route to secure liquidity from the shares held in Parques and Technogym, our NAV will be driven by the performance of both these businesses and their respective share price performance."

At 1020 BST, Candover shares were up 0.2% to 99.69p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

CDI Market Data

Currency UK Pounds
Share Price 115.50p
Closing Price Change 0.000p
% Change 0.00 %
52 Week High 143.00
52 Week Low 114.00
Volume 0
Shares Issued 21.78m
Market Cap £25.15m
RiskGrade 37

CDI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
65.34% above the market average65.34% above the market average65.34% above the market average65.34% above the market average65.34% above the market average
61.82% above the sector average61.82% above the sector average61.82% above the sector average61.82% above the sector average61.82% above the sector average
Value
65.34% above the market average65.34% above the market average65.34% above the market average65.34% above the market average65.34% above the market average
61.82% above the sector average61.82% above the sector average61.82% above the sector average61.82% above the sector average61.82% above the sector average
Income Not Available
Growth
36.08% below the market average36.08% below the market average36.08% below the market average36.08% below the market average36.08% below the market average
31.98% below the sector average31.98% below the sector average31.98% below the sector average31.98% below the sector average31.98% below the sector average

CDI Dividends

  Latest Previous
  Final Interim
Ex-Div n/a 17-Sep-08
Paid n/a 15-Oct-08
Amount 0.000p 22.00p

Trades for --2018

Time Volume / Share Price
0 @ 0.000p

CDI Key Personnel

Chair Gerry E Grimstone
CEO Malcolm Fallen

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