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NGE Capital Ltd ( (AU:NGE) ) has issued an update.
NGE Capital Ltd reported a net tangible asset (NTA) per share increase, highlighting a strategic shift in its investment portfolio. The company exited its position in Jupiter Mines Limited with a profit and increased its stake in Alliance Aviation Services, despite recent challenges faced by the latter, including a surprise earnings downgrade and management changes. The potential for future tax benefits from unrecognized tax losses was also noted, which could positively impact future financial performance. The strategic moves and the potential for tax benefits indicate NGE’s proactive approach in managing its portfolio and positioning itself for future growth.
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, aiming to generate strong risk-adjusted returns over the medium to long term.
Average Trading Volume: 17,596
Technical Sentiment Signal: Buy
Learn more about NGE stock on TipRanks’ Stock Analysis page.