StockMarketWire.com - The Investment Company's income continues to accrue as expected and the directors anticipate a satisfactory outcome for the year to the end of March.
The company said hat since its chairman's statement in November, which drew attention to the unusual volatility in the market prices of some holdings, in particular the fixed interest securities of Lloyds Banking Group and National Westminster Bank, it had experienced continued volatility of a similar nature.
This resulted in the estimated unaudited net asset value per ordinary share being 262.4p at 31 December compared with 249.6p at 30 September and 268.1p at 31 October.
Since the beginning of 2012, following a significant recovery in the price of the ordinary shares of Lloyds Banking Group which have risen over 60% from a low of 22p to 36p last week, the market prices of the enhanced capital notes have begun to reflect this trend.
At 31 January the company's estimated unaudited net asset value per ordinary share had risen to 295.3p.
At 3:31pm: (LON:INV) Investment Company share price was +5p at 225p
Story provided by StockMarketWire.com
MoneyAM.com
MoneyAM website is aimed at investors of all levels of experience including City professionals, investors and full-time traders.
- Free live share prices
- Free live watch lists
- UK and Worldwide Indices
- Live market News
- Company Fundamentals
- Charts - Intraday and historic
- Stock Portfolio
Shares Magazine
Shares is the leading weekly publication for high net worth private investors and stock market professionals and as such is read weekly by thousands of private investors, analysts, fund managers, stockbrokers and company directors.
Broker Forecasts
Brokerforecasts.com publishes equity upgrades, downgrades, reiterations, resumption and drops in coverage, as well as price target changes to a desktop or via alerts to email.
All recommendations are delivered and updated as soon as possible after release. The majority will be on brokerforecasts.com prior to market open.
Directors Holdings
Company directors know the state of their business better than anyone. That's why professional investors like to keep a close watch on the directors who are buying and selling and often follow their lead. DirectorsHoldings.com provides all the necessary screening and search tools.