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Literacy Capital PLC ( (GB:BOOK) ) just unveiled an announcement.
Literacy Capital PLC reported a 3.8% increase in net asset value (NAV) per share for Q1 2025, driven by strong performances from its portfolio companies, particularly Velociti and Halsbury Travel. The company invested £7.4m in new and existing holdings, including a majority stake in Trinitatum, while also completing refinancings that returned £5.6m. Despite market instability, Literacy Capital sees opportunities in resilient businesses and plans further refinancings to maintain healthy cash inflows. However, the company expressed disappointment with its share price performance, considering buybacks as a potential strategy if marketing efforts do not reduce the current discount.
More about Literacy Capital PLC
Literacy Capital PLC is a closed-end investment company co-founded by Paul and Richard Pindar in 2017. It focuses on long-term investments in growing private UK businesses, aiming to create additional value with its support. The company, listed on the London Stock Exchange, also has a charitable objective of donating 0.5% of its annual NAV to charities focused on improving UK literacy in children.
YTD Price Performance: -16.30%
Average Trading Volume: 31,002
Technical Sentiment Signal: Buy
For detailed information about BOOK stock, go to TipRanks’ Stock Analysis page.