Share Prices & Company Research

Market News

24 May 2019 | 08:56

British Empire sees NAV fall 3% in first half

Investment trust British Empire Trust reported that in the six-month period to 31 March its net asset value total return per share fell 3%.

The share price total return was down 3.5%, the benchmark was down 2.1%. The company maintained its first half dividend at 2p.

Chairman Susan Noble comments on the performance: 'As set out in the Investment Manager's Review, the six months to 31 March were a challenging period and the volatility which I mentioned in last year's annual report continued unabated.

'December, in particular, was difficult and the share price hit a low point on Christmas Eve before staging a substantial recovery in the first quarter of 2019.

'While it is disappointing to report a fall in share price and NAV over the period under review, the longer-term track record of the Investment Manager is strong and, as illustrated in their report by a number of examples, there is a good store of value in the portfolio.'

At 8:56am: (LON:BTEM) British Empire Trust PLC share price was +5.5p at 732.5p

Story provided by StockMarketWire.com
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.