Honeycomb Investment Trust PLC NAV and Monthly Update - July 2022 (3283Y)
06 Settembre 2022 - 8:00AM
UK Regulatory
TIDMHONY
RNS Number : 3283Y
Honeycomb Investment Trust PLC
06 September 2022
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06 September 2022
Honeycomb Investment Trust plc
Honeycomb Investment Trust plc (the "Company" or "Honeycomb")
announces that the Investment Manager's monthly factsheet for 31
July 2022 is now available on its website at
http://www.honeycombplc.com .
Net Asset Value per Share
The Company announces that its unaudited Net Asset Value ("NAV")
per share as at 31 July 2022 on a cum-income basis was 1,026.4
pence, based on a NAV of GBP356.5 million, and on an ex-income
basis was 1,019.3 pence, based on a NAV of GBP354.1 million. The
NAVs have been calculated by Apex Fund Services (UK) Ltd.
Honeycomb delivered a NAV return of 0.66% for the month, which
is equivalent to 7.7% per annum. NAV return was driven by strong
risk adjusted yield of 9.1%. Net Investment Assets remained broadly
stable in the month at GBP580m with cash collected deployed into
existing senior facilities. Performance remains strong with minimal
impairments and bad debts and underlying asset performance
remaining consistent.
The pipeline is strong at over GBP2bn with a number of new
investment opportunities which are uncorrelated to the macro
environment including senior financing for insurance run off and
VAT financing whilst also providing strong returns.
For further information about this announcement please
contact:
Pollen Street Capital - Investment Manager
Matthew Potter / Julian Dale: +44 (0)20 3728 6750
Barclays Bank PLC - Joint Broker
Neal West / Dion Di Miceli / Chris Madderson / Stuart Muress:
+44 (0) 20 7623 2323
Liberum Capital Limited - Joint Broker
Chris Clarke: +44 (0)20 3100 2000
Cenkos Securities plc - Joint Broker
Justin Zawoda-Martin: +44 (0)20 7397 8900
Link Company Matters Limited - Corporate Secretary
hitcosec@linkgroup.co.uk
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END
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September 06, 2022 02:00 ET (06:00 GMT)
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