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Hansa Trust NAV up 13.6% over six months

By BFN News | 10:31 AM | Friday 10 December, 2010


Hansa Trust increased its net asset value by 121.9p to 1,017.8p at the end of September 2010- equivalent to a rise of 13.6% since the end of March. Ocean Wilsons was the main driver of the increase in the net asset value - its shares rose by circa 25% over the six months . The continued good performance of Ocean Wilsons has resulted in Hans's holding accounting for 43% of shareholders' equity. The Trust says it remains optimistic about its maritime business in Brazil but that Ocean Wilsons is more than just a Brazilian operating company. It has an investment subsidiary with assets in excess of $250 million (Ocean Wilsons market capitalisation is c.$750m), which has exposure through various investment vehicles to a number of economies: mainly emerging. The Board has maintained the interim dividend of 3.5p per share. Story provided by StockMarketWire.com

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