Date: Wednesday 25 Aug 2010
LONDON (ShareCast) - British Smaller Technology Companies VCT 2 (BSTC) has reported a decline in net asset value from 72.7p a share to 70.1p a share in the six months to June 2010 although that is mainly down to the dividend paid in the period.
BSTC paid a 2p a share dividend during the summer. The rest of the fall relates to admin costs not covered by income. The total return to shareholders at the end of June 2010 was 94.1p a share.
Chairman Richard Last says that the VCT has seen an increase in new investment opportunities but it remains cautious. There should be more good opportunities over the next two years.
Earlier this year, existing investors subscribed for £0.91m (£0.86m after expenses) worth of new shares at 77.25p a share. BSTC has £1.8m in the bank and intends to pay another 2p a share dividend at the end of September.
At 50.75p a share, the shares are trading at a 28% discount to NAV.
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|% Change||0.00 %|
|52 Week High||61.75|
|52 Week Low||54.25|
|Time||Volume / Share Price|
|0 @ 0.000p|
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