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Literacy Capital PLC ( (GB:BOOK) ) has issued an update.
Literacy Capital PLC has provided an update on its portfolio activities, highlighting continued progress despite challenges from the recent UK government Budget announcement. The company remains focused on generating cash inflows to fund new investments, reduce debt, and return capital to shareholders. Recent activities include the acquisition of two outdoor activity centers by its portfolio company, Halsbury Travel, and successful refinancing of two other portfolio companies. Literacy is also exploring new investment opportunities and considering share buybacks due to its shares trading at a discount to NAV.
More about Literacy Capital PLC
Literacy Capital PLC is a closed-end investment company focused on investing in growing private businesses in the UK. Founded in 2017, it gained Investment Trust status in 2022 and is listed on the London Stock Exchange. The company has a unique charitable objective, donating a portion of its annual NAV to UK literacy charities.
YTD Price Performance: -6.61%
Average Trading Volume: 13,470
Technical Sentiment Consensus Rating: Buy
For detailed information about BOOK stock, go to TipRanks’ Stock Analysis page.
