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07 May, 2021 13:40 07 May, 2021 13:40

Mobeus reports solid first quarter net asset value performance

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Mobeus Income & Growth reported on Friday that its net asset value per share increased by 13.23p in the quarter ended 31 March, making for an increase of 19.7% on the opening net asset value per share.

The London-listed firm said the “strong” performance was primarily due to a further rise in unrealised portfolio valuations, as well as gains on realisations.

It said the admission to AIM of two of its portfolio companies, Virgin Wines and Parsley Box, made a “significant” contribution.

Since 31 March 2020, the first quarter to reflect the initial outbreak of Covid-19, net asset value return per share had increased by 55.3%.

“[This is] a very pleasing performance, reflecting a series of profitable realisations and strong, resilient performance by the majority of portfolio companies in response to the pandemic, particularly by those with direct-to-consumer models,” the board said in its statement.


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Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.