NGE Capital Reports Strong NTA and Portfolio Growth

NGE Capital Ltd (AU:NGE) has released an update.

NGE Capital Ltd., a Listed Investment Company, has reported a before-tax net tangible asset (NTA) per share of $1.293 and an after-tax NTA of $1.386 as of 31 August 2024. Their portfolio comprises a mix of ASX and international equities, including significant holdings in Pioneer Credit Limited and Indiana Resources Limited, with the aim of delivering strong risk-adjusted returns. The company also highlighted a potential future tax benefit of approximately $7m from unused and unrealised losses, which could offset future tax liabilities.

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