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Pacific Assets Trust plc released its unaudited half-year report for the six months ended July 31, 2024. The report highlights the companys financial performance and provides an overview of its investment strategy and outlook. During this period, the net asset value per share increased by 9.8%, while the share price showed a growth of 10.6%. The companys investment approach prioritizes total return and capital preservation, with a focus on sustainability. The board has decided not to propose changes to the published investment objective and policy to utilize a sustainable investment label under the UK Sustainability Disclosure Requirements. The portfolio managers review discusses the performance of the companys holdings in different countries, particularly India and China, and provides insights into their investment strategy. The companys principal risks and uncertainties remain unchanged, and the board continues to monitor emerging risks. The directors confirm the companys ability to continue its operational existence and adopt a going concern basis for financial statements.
| Financial Metrics | 31 July 2024 | 31 January 2024 | 31 July 2023 | % |
|---|---|---|---|---|
| Share Price | 386.0p | 349.0p | 358.0p | 10.6% |
| Net Asset Value per Share | 421.8p | 384.3p | 390.3p | 9.8% |
| Discount of Share Price to Net Asset Value per Share | 8.5% | 9.2% | N/A | N/A |
| Market Capitalization | £466.9m | £422.1m | N/A | 10.6% |
| Shareholders' Funds | £510.1m | £464.8m | £472.2m | 9.8% |
| Revenue Return per Ordinary Share | 4.1p | 3.4p | 3.4p | 20.6% |
| Capital Return per Ordinary Share | 37.4p | (2.3)p | 1.1p | N/A |
| Total Return per Ordinary Share | 41.5p | 1.1p | 4.5p | N/A |
| Ongoing Charges | 1.1% | 1.1% | 1.1% | 0.0% |