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BP Marsh increases shareholder returns after disposals

By Iain Gilbert

Date: Tuesday 17 Oct 2017

BP Marsh increases shareholder returns after disposals

(ShareCast News) - Venture capital provider BP Marsh and Partners increased its net asset value (NAV) from £73.8m on 31 July 2016 to £88.8m a year later as it eyed off new investments in North America.
BP Marsh increased its shareholder return from 5.8% to 12.8% after the disposals of Besso Insurance Group and Trireme Insurance Group delivered combined proceeds of £32m before tax.

Profit after tax jumped from £4m to £10.2m at the same time the firm increased its cash and treasury funds balance to £22m, with £13.2m of that figure being uncommitted.

BP Marsh's total equity value held within its portfolio rose 24.6% after new investments in the likes of CBC UK and XPT Group, as well as additional investment in LEB Holdings.

Brian Marsh, the group's chairman, said, "This solid set of results demonstrates substantial growth in our Investment Portfolio in line with our strategy to deliver value to shareholders."

A final dividend of 3.76p per share was declared and paid in July, with the next dividend payment intended for 31 January 2018 to come in at the same amount.

As of 1020 BST, shares had lost 1.79% to 255.35p.

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