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ProVen Growth and Income VCT Reports Solid Nine-Month Performance Amidst Strategic Expansions
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ProVen Growth and Income VCT Reports Solid Nine-Month Performance Amidst Strategic Expansions

Story Highlights
  • ProVen Growth and Income VCT focuses on growth capital and income through a diverse venture capital portfolio.
  • The company’s nine-month report shows a NAV decrease, strategic disposals, and a £30 million fundraising initiative.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Invest with Confidence:

Proven Growth and Income VCT ( (GB:PGOO) ) just unveiled an update.

The Interim Management Statement for ProVen Growth and Income VCT plc, covering the nine months ending November 2024, highlights a decrease in the Net Asset Value (NAV) per share to 51.7p, with a further reduction to 50.45p following a recently declared interim dividend. The company has maintained a robust investment portfolio, with significant valuations in companies like CreativeX and Luxury Promise Limited, and completed notable transactions, including the full disposal of Lupa Foods Limited for a substantial return. The release also outlines a combined offer for subscription aiming to raise up to £30 million, reflecting ongoing strategic growth initiatives.

More about Proven Growth and Income VCT

ProVen Growth and Income VCT plc operates in the venture capital trust industry, focusing on providing growth capital and income to a portfolio of venture capital investments. The company’s primary function is to offer investors a combination of capital growth and income by investing primarily in a diversified portfolio of unquoted UK companies with high growth potential.

YTD Price Performance: -1.67%

Average Trading Volume: 128,826

Technical Sentiment Consensus Rating: Hold

See more data about PGOO stock on TipRanks’ Stock Analysis page.

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