The investment company reported NAV per share of 93.39 pence as at May 31, down 1.1% from 94.39p reported on November 30, giving a net asset value
total return for the six month period of 2.4%, when dividends are taken into account.
Reportedly, the large share repurchases completed during the second quarter of 2019 and the payment of the FY 2018 dividend were the factors behind the decrease in net asset value
The 44- year old who replaced Martin Oduor-Otieno seven years ago has almost tripled the bank's asset value
from Sh297.5 billion in 2012 to Sh714.3 billion.
For example, if the sum of a company's cash, accounts receivable and inventory is computed at P100 a share and the sum of its current liabilities and long-term debt is P70 a share, the difference between the two, which is P30 per share, shall be called net current asset value
The declaration was seen to affect negotiations in a way, since the declaration of the dividends will affect the company's net asset value
. The net asset value
is the final value of a mutual fund, which is derived by deducting the fund's liabilities from the market value of all of its shares and then dividing by the number of issued shares.
In connection with the extension, the Company will offer a Special Retraction Right which will allow existing shareholders to tender one or both classes of Shares and receive a retraction price based on the November 30, 2018 net asset value
'When you make an offer, it's based on the net asset value
of the PDS.
Regarding the SGPY project, VNL has also disposed of its entire stake in the project which resulted in net cash proceeds of 0.3 m to VNL, equal to both the 31 March 2018 unaudited net asset value
and the net asset value
at the time of the 2016 EGM (including adjustments for additional investments over this period).
The distributed amount, which represents around 14 per cent of the fund's current Net Asset Value
(NAV), is the result of successful exits from two portfolio companies, effectively managed and operationally transformed by the Private Equity Asset Management team of Global along with other shareholders of the portfolio companies.
On November 27, 2017, and subject to pro ration as applicable, validly tendered Shares were repurchased by the Fund at USD 13.99 per Share, the Fund's net asset value
per Share determined as of 4:00 p.m.
The Saudi Banking system came second with an asset value
of $609 billion by the end of Q3 - $2 billion less than its June equivalent of $611 billion.
REIT stocks outperformed broader indexes last quarter, but because REITs generally trade below their net asset value
, REIT managers may seek to buy back outstanding shares, thus increasing their leverage, Fitch said in a special report, REIT Share Buybacks More Palatable: How Long Do Memories Last?