Origo Partners has reported that its net asset value at the end of September was $201.7m, compared with $204.2m three months earlier.
The net asset value per share was $0.57 at the end of the period, compared with $0.58 at the end of June.
Chris Rynning, Origo’s CEO, said: “During Q3 we maintained our cautious stance on realisations and investments as asset prices remain constrained and concentrated on actively managing our portfolio, which continues to perform well. Reflecting the high quality nature of our investments, a number of our investee companies including Aqualyng, Halosource, RMWAH and Kincora Copper successfully raised capital in, or shortly after, the period principally to fund the expansion or further development of their operations.
“In the context of our current focus on prudent management of the existing portfolio and cash reserves we initiated a share buyback programme to repurchase shares at a discount to NAV within a limited time frame, which we believe will benefit shareholders.”
At 10:18am: (LON:OPP) share price was +0.01p at 13.63p