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Literacy Capital PLC ( (GB:BOOK) ) has issued an announcement.
Literacy Capital PLC has provided an update on its portfolio activities, highlighting minimal impact from recent UK government Budget announcements on its business sectors. The company facilitated the acquisition of two outdoor activity centers by one of its portfolio companies, Halsbury Travel, and is focused on generating cash inflows to fund new investments, reduce debt, and return capital to shareholders. Recent refinancing of portfolio companies and appraisal of new investment opportunities are progressing well, with plans to announce Q4 factsheet and year-end results soon. The company’s shares are trading at a discount to NAV, potentially paving the way for accretive share buybacks.
More about Literacy Capital PLC
Literacy Capital PLC is a closed-end investment company that invests in private businesses in the UK, focusing on long-term growth opportunities. The company was co-founded in 2017 and listed on the London Stock Exchange in 2021. It also donates a portion of its annual NAV to charities focused on improving UK literacy in children.
YTD Price Performance: -6.61%
Average Trading Volume: 13,470
Technical Sentiment Consensus Rating: Buy
Learn more about BOOK stock on TipRanks’ Stock Analysis page.
