Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Apax Global Alpha Ltd - provides access to investments made by private equity firm Apax Partners LLP - Adjusted net asset value per share grows by 23% to €3.02 on December 31 from €2.45 a year before. Total adjusted NAV is €1.5 billion, up from €1.2 billion. Declares 6.36 pence final dividend for 12.33p full-year payout, up 22% on 2020 and in line with policy of paying out 5% of NAV each year. NAV total return in 2021 is 29%, or 23% at constant currency. Apax Global Alpha targets a 12% to 15% total return net of fees and expenses across economic cycles, including a 5% dividend yield.
Current stock price: 196.41p, up 7.1% on Wednesday
12-month change: down 9.5%
Copyright 2022 Alliance News Limited. All Rights Reserved.