You are here

Prices & Quotes - UK Markets - FTSE 250 (MCX)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Value:
Down 22,289.80
Change Today:
-75.07

Apax Global Alpha records double-digit NAV growth in 2020

By Iain Gilbert

Date: Tuesday 02 Mar 2021

LONDON (ShareCast) - (Sharecast News) - British investment trust Apax Global Alpha said on Tuesday that its adjusted net asset value per share had grown by double-digits in 2020.
Apax's adjusted NAV grew from 924.0m to 1.07bn, delivering a total NAV return of 14.8%, or 21.6% at constant currency rates.

The company said it benefitted from its sector-driven strategy and portfolio weighting towards tech and digital business, which proved "more resilient" against the impact of Covid-19.

Apax also continued to increase its exposure to private equity, making up 71% of its investment portfolio at the year-end after deploying €69.4m into private equity over the year - 45% of which was in the technology sector.

Apax declared a dividend of 5.28p per share for the full year, in line with its stated policy of distributing 5% of NAV per annum.

Chairman Tim Breedon said: "While progress in developing and deploying a range of vaccines against Covid-19 is encouraging, the outlook remains uncertain.

"Against the current market backdrop, the resilience of the portfolio and AGA's sector-driven strategy means the Company should continue to provide long-term value generation opportunities and attractive income for shareholders."

As of 0945 GMT, Apax shares were up 1.14% at 218.46p.

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

 

Price Data

Price 22,289.80
Change Today -75.07
22-Apr-21 Close 22,364.87

Top Risers

Price Change
FirstGroup 92.65p +8.9%
SSP Group 338.40p +3.0%
Network International Holdings 429.40p +2.2%
Restaurant Group 124.80p +1.8%
C&C Group (CDI) 277.00p +1.8%
Vistry Group 1,232.00p +1.7%
Mitchells & Butlers 310.20p +1.6%
Fidelity China Special Situations 437.00p +1.6%
Crest Nicholson Holdings 413.80p +1.5%
Redrow 685.00p +1.5%

Top Fallers

Price Change
Workspace Group 801.50p -4.1%
AJ Bell 437.00p -2.8%
Beazley 327.80p -2.7%
easyJet 985.60p -2.6%
Capita 42.80p -2.5%
AO World 288.00p -2.4%
Carnival 1,635.20p -2.4%
WH Smith 1,837.50p -2.3%
Kainos Group 1,507.00p -2.2%
Tullow Oil 46.18p -2.2%