Marwyn Value Investors has reported a 4.94 per cent increase in Net Asset Valaue (NAV) per ordinary share for the six months ended 30 June 2017, representing a 6.87 per cent total return including distributions to shareholders, compared with an increase in value of the FTSE AllShare of 5.50 per cent over the same period.
The NAV per realisation share over the period increased by 8.84 per cent. The increases in NAV per ordinary share and per realisation share over the period are primarily attributable to an increase in the share prices of Zegona Communications plc (Zegona) and BCA Marketplace plc (BCA).
The Company’s strategy has delivered a 206.53% total return to ordinary shareholders since inception in March 2006 to 30 June 20171, compared with a total return of 101.83% for the FTSE AllShare Index over the same period. The total return attributable to realisation shareholders since inception on 30 November 2016 to 30 June 2017 is 7.21 per cent.
“The progress of the existing portfolio companies, alongside the launch and subsequent IPO of Wilmcote and the increased availability of capital to invest following the successful close of MVI II LP ensure the Company is positioned to continue to deliver significant investment returns to shareholders,” says Robert Ware, Chairman of Marwyn Value Investors: “Zegona’s successful sale of its first platform acquisition demonstrates the strength of its “buy-fix-sell” strategy while BCA continues to deliver significant progress and growth with the release of impressive results.
“The recently launched e-commerce site and the recruitment of David Robinson as CEO are significant steps for Le Chameau. Gloo, Safe Harbour and Wilmcote are all actively pursuing their strategies, seeking acquisition opportunities across the UK, Europe and the Americas. We anticipate these platform acquisitions will provide the Company with further exciting investment opportunities.”
