Business
Final Results for the period to 30 June 2019
Final Results for the period to 30 June 2019.
About this update from Mineral And Financial Investments Ltd
[{"type":"text","content":"\n \nRNS Number : 7305U Mineral & Financial Invest. Limited 26 November 2019 \n\nMINERAL & FINANCIAL INVESTMENTS LIMITED\nAudited Financial Results for 12months ended 30 June 2019 and Net Asset Value Update\n \nHIGHLIGHTS:\n \n· Year-end Net Asset Value £5,114,000, up 95%, from £2,623,000, in past 12 months.\n· Net Asset Value has increased at compound annual growth rate (CAGR) of 99% since December 31, 2015.\n· Net Asset Value Per Share fully diluted (FD) 14.5p, up 93%, from 7.49p, in past 12 months.\n· NAVPS FD has increased at CAGR of 38% since December 31, 2015.\n· Investment Portfolio now totals £4,952,000, up 118% from £2,269,321 in past 12 months.\n· TH Crestgate acquisition was completed during the period and has been accretive.\n· New investments totaling £865,000 have been made during the period with an emphasis on precious metals.\n \nGeorge Town, Cayman Island - 26 November 2019 - Mineral & Financial Investments (\"M&FI\" or the \"Company\")), the AIM quoted resources investment company, is very pleased to announce its Net Asset value and audited fiscal year update on its activities for the 12 months ended 30 June 2019.\n \nCHAIRMAN'S STATEMENT:\nDuring the twelve-month fiscal period ending 30 June 2019 your company generated net trading income of £2,654,000 which translated into a net profit of £2,491,000 or 7.1p per share for the period. Our net assets at 30 June 2019 were £5,114,000 an increase of 95% from the net asset total of £2,623,000 at 30 June 2018. The Net Asset Value per Share - fully diluted (NAVPS-FD) as at 30 June 2019 was 14.5p, a 93% increase from the 7.5p NAVPS FD at 30 June 2018. We continue to be effectively debt free, with working capital of £5.1 million.\nYEAR END NET ASSET VALUES\n\n\n\n\n \n\n\n31 Dec. 2015\n\n\n31 Dec. 2016\n\n\n31 Dec. 2017\n\n\n30 June 2018\n\n\n30 June 2019\n\n\nCAGR (%)\n\n\n\n\nNet Asset Value \n\n\n£909,000\n\n\n£1,495,000\n\n\n£2,603,000\n\n\n£2,623,000\n\n\n£5,114,000\n\n\n99.2%\n\n\n\n\nFully diluted NAV per share\n\n\n6.47p\n\n\n6.25p\n\n\n7.43p\n\n\n7.49p\n\n\n14.50p\n\n\n38.1%\n\n\n\n\n \nThe world's economic performance was positive in...