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An update from Literacy Capital PLC ( (GB:BOOK) ) is now available.
Literacy Capital PLC reported a slight decline in its net asset value (NAV) for Q4 2024, primarily due to a reduction in the carrying value of two large assets amidst reduced UK business confidence. Despite this, the company achieved strong earnings growth across its top holdings, with significant contributions from Velociti and Live Business. The company continues to focus on recycling capital and managing investments with growth potential, expecting strong cash receipts in 2025. Additionally, Literacy Capital made a new investment in amplify5, an outsourcing business, and completed the sale of a fund interest, enhancing its liquidity position.
More about Literacy Capital PLC
Literacy Capital PLC is a closed-end investment company listed on the London Stock Exchange’s Main Market, focusing on long-term investments in private UK businesses with growth potential. Founded in 2017, it aims to create additional value through its support and has a unique charitable objective to donate a portion of its annual NAV to literacy-focused charities.
YTD Price Performance: -11.89%
Average Trading Volume: 11,670
Technical Sentiment Consensus Rating: Buy
See more insights into BOOK stock on TipRanks’ Stock Analysis page.