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Hargreave Hale AIM VCT 1 beats indices

By BFN News | 09:23 AM | Tuesday 12 February, 2013


Hargreave Hale AIM VCT 1's net asset value increased by 3.3% in the three months to the end of December.# In the same period, the FTSE AIM All-Share gained 0.21% and the FTSE All-Share rose by 3.15%. The company said January was a particularly strong month and it gained 4.3% after adjusting for the 1.75 pence per share dividend distribution. The performance came from within the qualifying portfolio with significant moves from Advanced Power Components (+48%), Hardide (+33%), Porta Communications (+133%) and WanDisco (+44%). But the company says it was disappointed to learn that Angel Biotech appointed administrators on 8 February, whilst K3 Business Technologies and Intercede both reported weak trading. And the company said it had taken the precaution of reducing the carrying value of its investment in TMO. At 9:23am: (LON:HHV) share price was 0p at 61.5p (LON:HHVT) share price was 0p at 91.25p Story provided by StockMarketWire.com

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