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Aurora UK Alpha PLC Reports 2024 Performance and Strategic Merger

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Aurora Investment Trust PLC ( (GB:ARR) ) has issued an update.

Aurora UK Alpha PLC reported a disappointing performance for 2024 with a net asset value per share total return of -4.3%, underperforming its benchmark, the FTSE All-Share Index, which returned 9.5%. Despite this, the company successfully completed a significant merger with Artemis Alpha Trust PLC, enhancing its asset base and liquidity. The merger is expected to strengthen the company’s market position and reduce ongoing charges. The board has decided not to recommend a final dividend for 2024 and is focusing on closing the share price discount through marketing activities and potential share buybacks.

More about Aurora Investment Trust PLC

Aurora UK Alpha PLC is an investment trust company focusing on providing shareholders with long-term total returns by investing primarily in a concentrated portfolio of UK listed companies. Managed by Phoenix Asset Management Partners Limited, the company’s strategy involves a value-based approach with core holdings in 15 to 20 companies, benchmarked against the FTSE All-Share Index.

YTD Price Performance: -6.39%

Average Trading Volume: 177,581

Technical Sentiment Signal: Strong Buy

Find detailed analytics on ARR stock on TipRanks’ Stock Analysis page.

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