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HARDMAN & CO RESEARCH Hardman & Co Research on ICG Enterprise Trust (ICGT): FY'24 portfolio companies performing strongly

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16/05/2024 17:47

Hardman & Co Research
Hardman & Co Research on ICG Enterprise Trust (ICGT): FY'24 portfolio companies performing strongly

16-May-2024 / 16:47 GMT/BST
The issuer is solely responsible for the content of this announcement.


Hardman & Co Research on ICG Enterprise Trust (ICGT):

FY'24 portfolio companies performing strongly

 

The key message from ICGT’s FY’24 results (to January) is the continued strength of the operating companies, which keep delivering mid-teen EBITDA growth. Despite challenging markets, margins have widened, which should help allay some concerns over the impact of the higher-rate environment. Target returns are “broadly unchanged”. FY’24 saw about half the usual investment and realisation activity (and fewer realisations saw less NAV uplift on exit). A degree of volatility is to be expected, and the five- and 10-year total annualised NAV per share return (14.6% and 13.2%, respectively) are a better reflection of what investors are getting from the defensive growth strategy. ICGT has a balanced capital return policy.

Please click on the link below for the full report:

https://hardmanandco.com/research/corporate-research/icgt-fy24-portfolio-companies-performing-strongly/

If you are interested in meeting the company, you can register your interest by clicking on the above link.

To contact us:

Hardman & Co
9 Bonhill Street

London

EC2A 4DJ

www.hardmanandco.com

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Contact:

Mark Thomas



 

 

mt@hardmanandco.com

 

Hardman & Co Research can still be accessed for free after MiFID II. Please click here to read the statement.

About Hardman & Co: Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Attention is drawn to the important disclaimers at the end of the report.



Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


End of Announcement - EQS News Service

1905291  16-May-2024 

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