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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.
The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Helios Underwriting PLC - London-based investment vehicle which acquires and consolidates underwriting capacity at Lloyd's - Gross written premiums more than double in the first half of 2022 to £124.1 million from £53.4 million a year before. Says this reflects an increase in the capacity portfolio. Revenue jumps to £55.3 million versus £27.4 million. Pretax loss widens to £3.4 million from £480,000, as administrative expenses surge to £24.0 million from £11.4 million. Combined ratio stands at 94.5% versus 93.5%.
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Africa Opportunity Fund Ltd - investment firm - Net asset value as at June 30 stands at $1.00, down from $1.05 as at December 31. Generates a total return of negative 4.7%. Blames this on sharp market declines to due ‘the Russian invasion of Ukraine, rising global inflation, an appreciating US dollar, and the spate of China Covid-19 lockdowns’.
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APQ Global Ltd - Guernsey-based emerging markets investor - Pretax loss in the first half widens to $11.1 million from $4.7 million a year ago. Net loss on financial assets at fair value jumps to $16.7 million from $4.1 million. Turnover rises to $5.5 million from $3.2 million. Declares no dividend, unchanged from a year before.
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Pires Investments PLC - London-based technology-focused investor - Pretax loss in the six months to June 30 widens to £992,000 from £1.5 million a year ago. Gains on investments held at fair value falls to £1.4 million from £1.8 million. Operating expenses jump to £430,00 from £270,000. Records no revenue, unchanged from a year before.
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Real Estate Investors PLC - Midlands, UK-focused real estate investment trust - Pretax profit in the first half of 2022 slips to £8.3 million from £9.0 million year-on-year, as revenue falls to £7.2 million from £7.8 million. Attributes this on its focus on achieving debt reduction and cash generation. Remains focused on delivering maximum value to its shareholders.
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Secure Property Development & Investment PLC - London-headquartered commercial property investor focused on southeastern Europe - In the first half of 2022, it swings to a pretax loss of €680,706 from a profit of €287,631. Records a fair value loss on financial assets of €446,674. Income falls to €509,750 from €657,443, due to a drop in third party management fees.
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