NGE Capital’s Strategic Moves and Market Outlook

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

NGE Capital Ltd, an investment company focusing on ASX and international equities, reported a slight dip in net tangible assets (NTA) per share, with figures standing at $1.302 before tax and $1.395 after tax. The company is making strategic investments, notably increasing their holdings in Northern Ocean Ltd. and Cash Converters International, while participating in Pioneer Credit Limited’s placement to enhance its investment portfolio. Despite some challenges, recent contract wins and market conditions have improved Northern Ocean’s outlook, showcasing NGE Capital’s commitment to achieving strong risk-adjusted returns.

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