ONWD Onward Opportunities Limited

TIDMONWD

RNS Number : 0091R

Onward Opportunities Limited

24 October 2023

24 October 2023

Onward Opportunities Limited

("Onward Opportunities", "ONWD" or the "Company")

QUARTERLY FACTSHEET - Q3 2023

Onward Opportunities Limited is pleased to announce the publication of its second quarterly factsheet to the end of September 2023 following the Company's admission to trading on AIM in March 2023.

Please follow the link below to access the Q3 2023 fact sheet, which will also be available to download from the Company's website at www.onwardopportunities.co.uk.

https://onwardopportunities.co.uk/dgw-onward-opportunities-factsheet-30-september-2023/

As at 30 September 2023, the unaudited net asset value per ordinary share was 100.39 pence per share, an increase of 4.12% when compared to 30 June 2023.

Q3 2023 Portfolio Manager Commentary

"We have released our second factsheet which summarises the third quarter of 2023. The fund continued its positive start to investment performance, with the Company's NAV growing +4.1% for Q3 to 100.4p. The portfolio of equities and gilts has delivered a 43.1% IRR since launch and materially outperformed comparator equity markets, as shown in the table in the factsheet.

Seeing early investments set off in the right direction against challenging macro and market backdrops has been encouraging. The NAV performance in the third quarter was mainly driven by positive performance in Angling Direct, Restore, DX Group, React Specialist Cleaning and Transense Technologies, three of which are 'core positions.' The portfolio captured its first two takeover approaches in the nursery, with DX Group and STM Group. Supplementing this work, we initiated our first fundraise since launch, which was completed shortly after the end of the quarter, growing the company by 25% and raising GBP3.4m at 102.5p/share, a small premium to NAV."

For further information, please contact:

 
 
  Onward Opportunities Limited                  Via Share Communications 
  Andrew Henton, Chairman 
 
  Dowgate Wealth Limited (Portfolio Manager)    Via Share Communications 
  Laurence Hulse, Investment Director 
Share Communications (PR Adviser)                    Tel: +44 (0)20 7071 
 Zoe Powell / Eleanor Mitchell                                      3932 
                                                   team@sharecomms.co.uk 
Maitland Administration (Guernsey) Limited              Tel: +44 (0) 203 
 (Company Secretary)                                            5303 150 
 Martin Baxter / Harry Rouillard                   ool@maitlandgroup.com 
Cavendish 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 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DOCEASEDAFSDFFA

(END) Dow Jones Newswires

October 24, 2023 02:05 ET (06:05 GMT)

Grafico Azioni Onward Opportunities (LSE:ONWD)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Onward Opportunities (LSE:ONWD)
Storico
Da Giu 2023 a Giu 2024