Mobeus Income & Growth VCT valuation rises 11% in first half

13:21 13/08/2019 - Mobeus Income & Growth VCT posted a positive performance in the first half, reflecting strong gains from an investment portfolio that includes a regulatory consultancy and a meal delivery service for the elderly.

The company's net asset value total return per share for the six months through June rose 11% to 191.8p.

It declared an interim dividend of 4p per share,to be paid to shareholders on 20 September.

'Your board considers that your company is well positioned, with the portfolio being comprised of a strong foundation of more mature investments providing an income return, and a younger, growth capital portfolio seeking to achieve scale,' chairman Clive Boothman said.

'The strong result achieved during the period reflects growth and valuation increases in both elements of the portfolio, underpinned by two profitable realisations.'

'While the demand for growth capital investment is strong, the amount of capital available for investment in the sector is substantial.'

'This is causing increased competition and higher entry valuations for the most attractive investment opportunities.'

At 1:21pm: (LON:MIX) Mobeus Income Growth VCT PLC share price was 0p at 65p

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