Onward Opportunities Limited Quarterly Factsheet -- Q2 2023 (9798F)
14 Luglio 2023 - 8:00AM
UK Regulatory
TIDMONWD
RNS Number : 9798F
Onward Opportunities Limited
14 July 2023
14 July 2023
Onward Opportunities Limited
("Onward Opportunities", "ONWD" or the "Company")
QUARTERLY FACTSHEET - Q2 2023
Onward Opportunities Limited is pleased to announce the
publication of its first quarterly factsheet to the end of June
2023 following the Company's admission to trading on AIM in March
2023.
Please follow the link below to access the Q2 2023 fact sheet,
which will also be available to download from the Company's website
at www.onwardopportunities.co.uk.
https://onwardopportunities.co.uk/wp-content/uploads/2023/07/Dowgate-Wealth-Onward-Opportunities-Limited-Q2-2023-Factsheet.pdf
As at 30 June 2023, the unaudited net asset value per ordinary
share was 96.42 pence per share, an increase of 0.71% when compared
to 31 May 2023.
Q2 2023 Portfolio Manager Commentary
In what has been a weaker quarter for UK indices, with the FTSE
AIM All Share down 6.5%, the Company's positive NAV performance in
Q2 2023 (+0.8% when compared to 31 March 2023) has been
encouraging, with NAV performance in June 2023 driven mainly by
positive performance in what has been the Company's first core
position in Angling Direct plc, which is now the Company's largest
equity holding.
Post IPO, 98% of the Company's NAV was deployed into 10 UK Gilts
and treasury-bills that are earning a running yield in excess of 4%
for the Company. Subsequently, 6% of NAV was deployed into Angling
Direct plc (AIM: ANG) and a further c.12% of ONWD NAV has been
deployed into 6 further initial equity investments - each being
c.2% NAV or less. Further information can be found in the Q2 2023
factsheet.
For further information, please contact:
Onward Opportunities Limited Tel: +44 (0) 203
Andrew Henton, Chairman 5303 150
ool@maitlandgroup.com
Dowgate Wealth Limited (Portfolio Manager)
Laurence Hulse, Investment Director Tel: +44 (0) 203
5303 150
ool@maitlandgroup.com
Maitland Administration (Guernsey) Limited Tel: +44 (0) 203
(Company Secretary) 5303 150
Martin Baxter / Harry Rouillard ool@maitlandgroup.com
Cenkos Securities plc (Nominated Adviser Tel: +44 (0)20 7397
and Joint Broker) 8900
Ben Jeynes/Camilla Hume
Dowgate Capital Limited (Joint Broker) Tel: +44 (0)12 9351
Russell Cooke / Nicholas Chambers 7744
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END
DOCRJMATMTTBBLJ
(END) Dow Jones Newswires
July 14, 2023 02:00 ET (06:00 GMT)
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