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Baronsmead VCT2's net asset value up 9.5%

By BFN News | 07:55 AM | Monday 19 May, 2014


Baronsmead VCT2's net asset value rose by 9.5% per share before payment of dividends for the six months to 31 March. Chairman Clive Parritt said this strong growth was driven largely by a long awaited increase in the valuation of the quoted portfolio. He added: "This is a welcome reward for patience through the uncertain market conditions in recent years and it helps to confirm the investment style of the Company which concentrates on the fundamentals of management quality and business innovation." Looking ahead, he said: "The recovery of the UK economy now appears to be more firmly established. This improvement in the economic environment in which portfolio companies operate is to be welcomed. However, our focus is on the strengths of the businesses in which the company has invested and using the expertise and skill of the manager to help them to deliver increasing profits, employment and profitable exits over the medium to longer term." Story provided by StockMarketWire.com

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