Baronsmead VCT has seen its Net Asset Value (NAV) per ordinary share increased by nine per cent from 95.00p to 103.52p before deduction of dividends.

Baronsmead VCT has seen its Net Asset Value (NAV) per ordinary share increased by nine per cent from 95.00p to 103.52p before deduction of dividends.

After dividends totaling 2.2p the NAV was 101.32p. In total, £16 million has been raised since ordinary shares were launched on 10 March 2006. In addition to this, £5.3 million has been raised since C shares were launched on 2 February 2007.

Baronsmead notes that as of 31 January 2007, the AiM-traded portfolio – comprised of 19 investments – had increased in value by 21.7 per cent and represented 32 per cent of the company’s net assets, the remainder being held in cash and fixed income securities.

According to Baronsmead, the weakness in AIM share prices seen in summer 2006 was partly beneficial to the company in that good quality investments were available at reasonable prices.