DJ Hardman & Co Research: ICG Enterprise Trust (ICGT) - 1HFY'24: defensive growth/disciplined approach
Hardman & Co Research
Hardman & Co Research: ICG Enterprise Trust (ICGT) - 1HFY'24: defensive growth/disciplined approach
16-Oct-2023 / 15:55 GMT/BST
The issuer is solely responsible for the content of this announcement.
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Hardman & Co Research on ICG Enterprise Trust (ICGT):
1HFY'24: defensive growth/disciplined approach
ICGT's interim results to July 2023 confirmed the robust nature of its strategy and portfolio with LTM NAV per share
total return of 4.1%. The 1HFY'24 portfolio return, on a constant currency basis, was 4.6% and the long-term, ongoing
buyback programme enhanced NAV with an average discount on purchase of over 40%. The minimum of 32p expected dividend
for FY'24 was reconfirmed. Realisations were GBP94m, new investments GBP64m and new commitments GBP110m; activity that is
slower than the recent past but still ongoing. Exits were at an average 18% premium to carrying value, demonstrating
the conservative approach to accounting. ICGT's defensive growth is delivering in challenging markets.
Please click on the link below for the full report:
https://hardmanandco.com/research/corporate-research/1hfy24-defensive-growth-disciplined-approach/
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Dissemination of a CORPORATE NEWS, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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1749991 16-Oct-2023
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(END) Dow Jones Newswires
October 16, 2023 10:55 ET (14:55 GMT)
