Syncona reports flat year-end net assets
Syncona Limited NPV
125.00p
11:59 25/04/24
Healthcare investment company Syncona reported flat year-end net assets of £1.31bn in its final results on Thursday.
Equity Investment Instruments
11,671.84
11:59 25/04/24
FTSE 250
19,694.72
12:00 25/04/24
FTSE 350
4,441.33
12:00 25/04/24
FTSE All-Share
4,395.05
12:00 25/04/24
The FTSE 250 firm said that made for net assets per share of 194.4p as at March 31, rising from 193.9p, making for a net asset value total return of 0.3%, down from 4.4% last year.
It said its life science portfolio was valued at £525m, down from £722.1m at year-end, making for a return of 0.8%.
“The business is well positioned to create a diversified portfolio of 15-20 companies with a goal of delivering three to five companies in which we retain a significant ownership interest to the point of product approval on a rolling 10-year basis,” Syncona said on Thursday.
“We believe if we achieve this goal, we will deliver transformational outcomes for patients and strong risk-adjusted returns for shareholders.”