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Investegate |Daily Mail & General Announcements | Daily Mail & General: Half Year 2021 Results


 
 
 

Revenue down 12% underlying

Cash operating income² down 13% underlying; 11% margin

Adjusted³ operating profit down 19% underlying; 9% margin

Adjusted profit before tax down 20% underlying

Adjusted EPS up 12%
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Interim dividend increased +1% to 7.6p
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Statutory
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Active portfolio management strategy delivering value creation:

Increased investment in Cazoo in October 2020; proposed transaction values stake at c.US$1.35bn
5 vs £117m total investment

Disposal of EdTech (Hobsons) for c.US$410m in March 2021

Acquisition of New Scientist for £67m in March 2021
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Strong financial position maintained: pro forma net cash £293m
6 and £362m of committed undrawn ....

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Power prices continue to impact asset value for Foresight Solar Fund


Published: 17 May 2021, 10:33
By:
The impact of the low power prices in the UK is continuing to be felt, as Foresight Solar Fund announces Net Asset Value (NAV) drop.
In 2020, the COVID-19 lockdowns caused energy usage to drop substantially, resulting in a drop in power prices. While usage has largely rebounded at this point, medium and long-term power price forecasts have still been revised down.
During Q1 2021, this was the key cause of Foresight s NAV falling to £558.7 million from £582.20 million in the quarter ending 31 December 2020. The investment fund’s NAV per ordinary share fell to 91.9 pence correspondingly, down from 95.8 pence per share in the previous quarter. ....

United Kingdom , United Kingdom Corporation Tax , Foresight Solar Fund , Net Asset Value , Gross Asset Value , ஒன்றுபட்டது கிஂக்டம் , ஒன்றுபட்டது கிஂக்டம் நிறுவனம் வரி , தொலைநோக்கு சூரிய நிதி , நிகர சொத்து மதிப்பு , மொத்த சொத்து மதிப்பு ,