By Iain Gilbert
Date: Thursday 08 Feb 2024
LONDON (ShareCast) - (Sharecast News) - Life sciences investor Syncona said on Thursday that its net asset value had grown in the three months ended 31 December, driven by a prioritisation of capital allocation across its portfolio to enable the delivery of key inflection points.
Syncona said net assets had risen from £1.2bn at the end of September to £1.25bn at the end of December, with a NAV per share return of 5.4% in the period, driven by a £111.1m increase in the value of Autolus Therapeutics.
The FTSE 250-listed group added that over the nine months to 31 December, NAV per share returned 0.9%, with its life science portfolio generating a return of 3.0%.
Chris Hollowood, chief executive of Syncona Investment Management, said: "We have continued to take decisive action to support our companies' ability to deliver on their next key clinical milestones to maximise value across the portfolio against a continuing challenging market backdrop in the third quarter.
"Looking ahead, we have six key value inflection points over the next 12-36 months with the potential to drive significant NAV growth and are funded to deliver these. We will continue to take a rigorous approach to capital allocation and portfolio management, whilst also continuing to fuel our long-term growth by creating new companies across the new frontier of science."
As of 0900 GMT, Syncona shares were down 0.087% at 115.50p.
Reporting by Iain Gilbert at Sharecast.com
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Currency | UK Pounds |
Share Price | 122.00p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 162.20 |
52 Week Low | 106.20 |
Volume | 452,514 |
Shares Issued | 652.48m |
Market Cap | £796.02m |
Beta | 0.03 |
RiskGrade | 291 |
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Latest | Previous | |
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Final | Final | |
Ex-Div | 21-Jun-18 | 20-Jul-17 |
Paid | 30-Jul-18 | 23-Aug-17 |
Amount | 2.30p | 2.30p |
Time | Volume / Share Price |
16:41 | 54,709 @ 122.00p |
16:41 | 45,873 @ 122.00p |
16:35 | 106,136 @ 122.00p |
16:35 | 1,186 @ 122.00p |
16:35 | 11,704 @ 122.00p |
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