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Molten Ventures VCT plc ( (GB:MVCT) ) just unveiled an announcement.
Molten Ventures VCT PLC reported its half-year results for the six months ending September 30, 2024, illustrating a challenging period in terms of market conditions and performance. The company’s net asset value per share decreased to 43.2p, and it recorded a loss of £6.9 million due to capital losses primarily from the valuation of its portfolio. Despite these challenges, Molten Ventures made new investments totaling £3.3 million and managed a successful exit with Endomagnetics Ltd, which yielded significant returns. The board anticipates an improvement in market conditions in 2025, aiming to capitalize on investment opportunities and resume dividend payments once VCT rule constraints ease.
More about Molten Ventures VCT plc
YTD Price Performance: -11.82%
Average Trading Volume: 4,615
Technical Sentiment Consensus Rating: Buy
For a thorough assessment of MVCT stock, go to TipRanks’ Stock Analysis page.
