Benjamin Hornigold Ltd. (AU:BHD) has released an update.
Benjamin Hornigold Ltd reported a positive gross portfolio return of 0.59% this month and an unaudited Net Tangible Asset (NTA) per share of 29.58 cents, excluding unrecognised deferred tax assets. The company has been prudent in investment allocations to preserve capital amidst market volatility, focusing on strategies like discount capture, arbitrage, deep value investments, and event-driven trades. Additionally, ongoing litigation efforts are in place to recover substantial outstanding loans, which could significantly benefit shareholders upon successful retrieval.
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