Northern 2 VCT (NTV)

Sector:

Investment Firms

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 59.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 63.50
  • 52 Week Low: 57.00
  • Currency: UK Pounds
  • Shares Issued: 130.61m
  • Volume: 0
  • Market Cap: £77.71m
  • RiskGrade: 32

Northern 2 VCT making progress

Date: Thursday 23 Sep 2010

LONDON (ShareCast) - Northern 2 VCT says that it continues to make “encouraging progress” despite the difficult environment for small companies.

The venture capital trust’s net asset value at the end of July 2010 was slightly lower at 76.7p a share but the decline in NAV of 1.2p a share was more than covered by the final dividend of 3.5p a share that was paid during the period. The interim dividend is 2p a share – 1p per capital share and 1p per income share.

Northern 2 VCT has made four new investments in the six months to July 2010. They include a £1.74m investment in the distribution sector software developer Redditch Kerridge Commercial Systems and £995,000 in Tunbridge Wells-based acquisition vehicle Evolve Investments, which is looking to buy underperforming businesses.

The VCT received deferred consideration of £480,000 relating to its past investment in DxS.

There have been no significant changes in the values of existing investments but the manager is aware that government spending cuts could have an impact on some businesses.

The short-term outlook is unlikely to improve but there are a “promising flow of potential new investments for appraisal”.

Northern 2 VCT is buying back shares at a 15% discount to published NAV and it has purchased 400,000 shares at 64p each.

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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.

 

Northern 2 VCT Market Data

Currency UK Pounds
Share Price 59.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 63.50
52 Week Low 57.00
Volume 0
Shares Issued 130.61m
Market Cap £77.71m
RiskGrade 32

Northern 2 VCT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
21.08% above the market average21.08% above the market average21.08% above the market average21.08% above the market average21.08% above the market average
34.98% above the sector average34.98% above the sector average34.98% above the sector average34.98% above the sector average34.98% above the sector average
Price Trend
12.8% below the market average12.8% below the market average12.8% below the market average12.8% below the market average12.8% below the market average
49.46% below the sector average49.46% below the sector average49.46% below the sector average49.46% below the sector average49.46% below the sector average
Income
8.48% above the market average8.48% above the market average8.48% above the market average8.48% above the market average8.48% above the market average
25.60% above the sector average25.60% above the sector average25.60% above the sector average25.60% above the sector average25.60% above the sector average
Growth
87.28% below the market average87.28% below the market average87.28% below the market average87.28% below the market average87.28% below the market average
69.41% below the sector average69.41% below the sector average69.41% below the sector average69.41% below the sector average69.41% below the sector average

Northern 2 VCT Dividends

  Latest Previous
  Interim Final
Ex-Div 03-Jan-19 21-Jun-18
Paid 25-Jan-19 20-Jul-18
Amount 2.00p 3.50p

Trades for --2019

Time Volume / Share Price
0 @ 0.000p

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