Downing ONE VCT (GB:TV1) has released an update.
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Thames Ventures VCT 1 PLC, under advisement from Foresight Group LLP, disclosed a dip in Net Asset Value (NAV) per share by 11% to 46.1p for the year ended 31 March 2024, with dividends of 2.0p per share resulting in a total return decrease of 7.1%. Despite a challenging investment landscape, the company maintained steady portfolio activity and is now considering a merger with Thames Ventures VCT 2 for greater efficiency and scale. The company also overcame custodial challenges with IBP Capital Markets, enabling the reinstatement of its share buyback policy.
For further insights into GB:TV1 stock, check out TipRanks’ Stock Analysis page.