Candover Investments (CDI)

Sector:

Investment Firms

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

Candover NAV drops as it pays down debt

By Josh White

Date: Friday 24 Feb 2017

LONDON (ShareCast) - (ShareCast News) - Candover Investments issued its preliminary unaudited results for the year to31 December on Friday, with a net asset value per share of 163p, which represented a 10% increase over the second half, but a 33% decrease compared to the prior year.
The London-listed form said aggregate losses on disposals and portfolio valuation declines totalled £13.7m, while sterling weakness relative to the euro benefitted net asset value by 26p per share.

Proceeds from realisations during the year were £30.1m, with a further £16.7m of realisations announced post year end.

Net debt decreased to £13.7m at year end, from £33.2 million, which the board said reflected realisation proceeds, offset by accrued financing costs together with an adverse foreign currency movement of £2.5m.

"Following the portfolio realisations in 2016 and in the first months of this year, we have entered a new phase," said CEO Malcolm Fallen.

"For the first time since 2007, the company is no longer indebted.

"The timing of the disposal of the Parques investment, the paydown of our current debt facilities and the potential distribution of value to shareholders are the key matters under consideration."

Fallen said In addition, the board was exploring whether Candover's accumulated tax losses represented a future realisable asset.

"Over the coming months, we will ensure this next phase of the run-off is completed in a timely and efficient way."

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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 143.00p
52 Week Low 114.00p
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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