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Hardman & Co Research on ICG Enterprise Trust plc (ICGT): FY results: proving the market-beating model again

Hardman & Co Research
Hardman & Co Research on ICG Enterprise Trust plc (ICGT): FY results: proving the market-beating model again

01-Jun-2023 / 12:35 GMT/BST
The issuer is solely responsible for the content of this announcement.


Hardman & Co Research on ICG Enterprise Trust Plc (ICGT): 

FY results: proving the market-beating model again
 

ICGT reported another strong year to end-January 2023. The NAV per share was 1,903p, up from 1,690p in January 2022. The NAV total return was 14.5%, driven by the local-currency portfolio return of 10.5%, its 14th consecutive year of double-digit growth. Realisations and new investments were in line with historical averages. On exit, ICGT saw an average 24% uplift, despite the challenging market conditions. It has a progressive dividend policy (up 11%), is doing share buybacks (£5.2m), and has a new, reduced management fee. ICGT’s investee companies offer good risk-adjusted returns and defensive characteristics, giving investors both growth and resilience.

Please click on the link below for the full report:

https://hardmanandco.com/research/corporate-research/fy-results-proving-the-market-beating-model-again/

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About Hardman & Co: Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Attention is drawn to the important disclaimers at the end of the report.



Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


End of Announcement - EQS News Service

1647439  01-Jun-2023 

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