VGI Partners Global Investments Ltd. (AU:VG1) has released an update.
VGI Partners Global Investments Ltd. reported a net portfolio return of -2.0% for August 2024, amidst global market volatility, with a notable decrease in share price to $1.86, now trading at a 12.2% discount to its Net Tangible Assets. Despite the monthly setback, the company has a positive 18.5% return over the last 12 months and maintains a strategy of paying fully franked dividends biannually, with the latest being a 5c per share announcement. The firm continues to adapt to market conditions, actively managing a concentrated portfolio focused on long-term growth in sectors like financials and technology.
For further insights into AU:VG1 stock, check out TipRanks’ Stock Analysis page.
