GHS plc – 3rd Anniversary marked with strong growth

Gresham House Strategic (GHS) plc, the AIM-listed investment company, this month, marks the third anniversary of the appointment of Gresham House Asset Management, as its fund management team, celebrating:

 

  • Share price growth of 35.1% over the 3-year period, maiden dividend of 15p paid in 2017, and grown by 15% in 2018 to 17.25p
  • A net asset value (NAV) per share increase of 27.3% over the last 3 years – compared to 15.5% and 16.1% for the FTSE All Share and FTSE Small Cap (ex-Investment Trusts) Indices respectively in the same period
  • Portfolio deployed in ‘value’ investments that offer a higher forecast sales growth of 12.2% compared to the FTSE All-Share of 3.1%, whilst trading on a lower valuation (GHS Portfolio EV/EBITDA 7.8x versus 9.5x FTSE All-Share)1
  • Significant recent partial realisation of £9.6 million of the fund’s major investment, IMImobile, crystallising £4.96 million profit, a 19% IRR and 2.13x money multiple (GHS retains a 6.3% holding in IMImobile)
  • Total realisations of £24.2m in the 3-year period, cumulatively generating £9.0m realised profits at 28.5% IRR and 1.60x money, significantly exceeding target returns
  • Additional £1.2m returned to shareholders through share buybacks in 2017 and 2018

 

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