NGE Capital Ltd Reports Positive NTA Growth and Strategic Portfolio Expansion

NGE Capital Ltd ( (AU:NGE) ) has shared an announcement.

NGE Capital Ltd announced its net tangible assets (NTA) per share increased to $1.326 before tax and $1.420 after tax as of January 31, 2025, reflecting a positive 3% performance in January. The company continues to strategically manage its portfolio, adding holdings in MLG Oz Limited and Achieve Life Sciences, Inc. MLG Oz, a mining services company, has seen significant growth, benefiting from the hub-and-spoke model employed by gold miners in the Goldfields region and has invested in technology to enhance operational efficiency and compliance, despite experiencing setbacks due to inflationary pressures in previous years.

More about NGE Capital Ltd

NGE Capital Limited is an internally managed listed investment company that provides investors with exposure to a concentrated, high conviction, actively managed portfolio of financial assets. The company primarily focuses on listed ASX and international equities with an aim to generate strong risk-adjusted returns over the medium to long term.

YTD Price Performance: 1.35%

Average Trading Volume: 1,100

Technical Sentiment Consensus Rating: Sell

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