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An announcement from Northern 2 VCT ( (GB:NTV) ) is now available.
Northern 2 VCT PLC reported a half-yearly financial performance with a net asset value per share of 57.7p and a return of 0.9p per share. The company made significant investments, including a new investment in Thanks Ben and continued support for existing portfolio companies. Notably, Project Glow successfully completed its IPO, generating a substantial return. Despite economic challenges, the company remains optimistic about its portfolio’s resilience and growth potential, continuing to invest in high-growth businesses and maintaining a strategy for shareholder value creation.
More about Northern 2 VCT
Northern 2 VCT PLC is a Venture Capital Trust managed by Mercia Fund Management Limited, focusing on unquoted venture capital holdings. The company aims to provide long-term tax-free returns to shareholders through dividend yield and capital growth.
Average Trading Volume: 52,252
Technical Sentiment Signal: Strong Buy
See more insights into NTV stock on TipRanks’ Stock Analysis page.