The Conygar Investment (GB:CIC) has released an update.
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The Conygar Investment Company PLC reported a decrease in net asset value to £91.2 million for the six months ending March 2024, alongside a dip in NAV per share from 159.4p to 153.0p. Despite the downturn, there’s optimism for recovery and growth with strong progress on their Nottingham student accommodation project, which is expected to generate significant revenue from September 2024. The company also secured additional cash deposits through share placements and a loan facility, bolstering their financial position.
For further insights into GB:CIC stock, check out TipRanks’ Stock Analysis page.
