Downing ONE VCT (GB:TV1) has released an update.
Thames Ventures VCT 1 plc experienced a decline in Net Asset Value per share by 11.0% in the financial year ending March 2024, despite steady portfolio activity and a continuation of annual dividends at 4.1% of net assets. The company, advised by Foresight Group LLP, is in discussions to merge with Thames Ventures VCT 2 plc for enhanced efficiency and scale, while navigating challenges such as the special administration of their custodian, IBP Capital Markets Limited. The full Annual Report will soon be available, providing detailed insights into the company’s performance and strategic moves.
For further insights into GB:TV1 stock, check out TipRanks’ Stock Analysis page.
