Business
Interim results
Interim results.
About this update from Phoenix Digital Assets (gibraltar) Plc
[{"type":"text","content":"\n\nPress Release\n \n16 August 2023\n \nThe information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014, as retained as part of the law of England and Wales. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n \nNFT Investments PLC\n \n(\"NFT Investments\" or \"the Company\"\")\n \nInterim results\n \nNFT Investments PLC (AQSE: NFT), an investment firm, announces its unaudited results for the six months ended 30 June 2023.\n \nComments from Jonathan Bixby, Executive Chairman of NFT Investments:\n \nI am delighted to report the Company's interim results for the six months ended 30 June 2023.\n \nThe Company had a net asset value of £33.983 million (3.37p per share). This is an increase of £8.953m (35.9%) in the six month reporting period.\n \nI am extremely proud of our investment discipline throughout the \"crypto winter\". This discipline is now starting to pay off as crypto starts to rise ahead of the halving event in April 2024. We remain committed to returning capital to investors and have successfully accomplished the reduction of the Company's share capital by way of cancellation of its share premium account announced on 20 July 2023. We remain very bullish on the medium-term crypto market.\n \nFinally, we believe that the Company's strong position and the value of its assets are not fairly reflected in the share price. The Company's share price on 15 August 2023 of 1.65p represents a 51% discount to our 30 June 2023 net asset value.\n \nI would like to take this opportunity to thank all our shareholders for their ongoing support.\n \nJonathan Bixby, Executive Chairman\n \n \nThe Directors of NFT Investments accept responsibility for this announcement.\nThis announcement may contain \"forward-looking\" statements and information relating to the Company. These statements are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company management. The Company does not undertake to update forward‐looking statements or forward‐l...