Business
Net Asset Value as at 31 March 2024
Net Asset Value as at 31 March 2024.
About this update from Helios Underwriting Plc
[{"type":"text","content":"\n\n \n31 July 2024 \nHelios Underwriting plc\n('Helios' or the 'Company')\n \nUpdate on Net Asset Value as at 31st March 2024\n \nUnaudited - NTA per share of 191p\n \nHelios, the investment vehicle which builds shareholder value through exposure to Lloyd's, announces that the unaudited Net Asset Value per share has increased by 2p in the quarter to 31st March 2024 to £1.91.\n \nMichel Wade, Executive Chairman, commented:\n \n\"The market conditions at Lloyd's remain strong, as reported across the market during the last month. Helios' pipeline profitability from the portfolio looks promising and underpins our confidence in the future performance of the business.\n \nThe recent repurchase of shares by the Company completed the Return of Capital to shareholders and has enhanced Net Asset Value per share.\"\n \nGrowth in Net Asset Value\n\n\n\n\n\n\n\nNet Asset Value £ per share\n\n\nNet Assets £000's\n\n\n\n\nNet asset value per share as at 31/12/23\n\n\n1.89\n\n\n140,120\n\n\n\n\nProfits for period to 31st March 2024 - Note 1\n\n\n0.02\n\n\n1,435\n\n\n\n\nShare buy-backs\n\n\n\n\n\n(807)\n\n\n\n\nUnaudited Net Asset per Share - 31st March 2024\n\n\n1.91\n\n\n140,748\n\n\n\n\nBasic Shares in issue at 31st March 2024\n\n\n\n\n\n73,645\n\n\n\n\n\n\n\n\n\n\n \nNote 1 - Profits to 31st March 2024 are management best estimate with the unaudited information at the date of publication.\n \nFollowing the recent repurchase of shares valued at £3.7m by the Company a further enhancement of Net Asset Value per share is expected of approximately 2p per share.\n \nFor further information, please contact:\nHelios Underwriting plc\nMichael Wade - Executive Chairman &nbs...