REG - Onward Opportunities - Quarterly Factsheet - Q3 2023

Onward OpportunitiesAnnouncement

24/10/2023 07:00

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RNS Number : 0091R  Onward Opportunities Limited  24 October 2023

24 October 2023

 

Onward Opportunities Limited

("Onward Opportunities", "ONWD" or the "Company")

 

 

QUARTERLY FACTSHEET - Q3 2023

 

Onward Opportunities Limited is pleased to announce the publication of its
second quarterly factsheet to the end of September 2023 following the
Company's admission to trading on AIM in March 2023.

 

Please follow the link below to access the Q3 2023 fact sheet, which will also
be available to download from the Company's website at
www.onwardopportunities.co.uk.

 

https://onwardopportunities.co.uk/dgw-onward-opportunities-factsheet-30-september-2023/
(https://protect-eu.mimecast.com/s/ukmVCDkmQsOAD9wfWsnKJ?domain=onwardopportunities.co.uk/)

 

As at 30 September 2023, the unaudited net asset value per ordinary share was
100.39 pence per share, an increase of 4.12% when compared to 30 June 2023.

 

Q3 2023 Portfolio Manager Commentary

 

"We have released our second factsheet which summarises the third quarter of
2023. The fund continued its positive start to investment performance, with
the Company's NAV growing +4.1% for Q3 to 100.4p. The portfolio of equities
and gilts has delivered a 43.1% IRR since launch and materially outperformed
comparator equity markets, as shown in the table in the factsheet.

 

Seeing early investments set off in the right direction against challenging
macro and market backdrops has been encouraging. The NAV performance in the
third quarter was mainly driven by positive performance in Angling Direct,
Restore, DX Group, React Specialist Cleaning and Transense Technologies, three
of which are 'core positions.' The portfolio captured its first two takeover
approaches in the nursery, with DX Group and STM Group. Supplementing this
work, we initiated our first fundraise since launch, which was completed
shortly after the end of the quarter, growing the company by 25% and raising
£3.4m at 102.5p/share, a small premium to NAV."

 

For further information, please contact:

 

 Onward Opportunities Limited                                    Via Share Communications

 Andrew Henton, Chairman

 Dowgate Wealth Limited (Portfolio Manager)                      Via Share Communications

 Laurence Hulse, Investment Director

 Share Communications (PR Adviser)                               Tel: +44 (0)20 7071 3932

 Zoe Powell / Eleanor Mitchell                                    team@sharecomms.co.uk
 Maitland Administration (Guernsey) Limited (Company Secretary)  Tel: +44 (0) 203 5303 150

 Martin Baxter / Harry Rouillard                                 ool@maitlandgroup.com

 Cavendish Securities plc (Nominated Adviser and Joint Broker)   Tel: +44 (0)20 7397 8900

 Ben Jeynes/Camilla Hume

 Dowgate Capital Limited (Joint Broker)                          Tel: +44 (0)12 9351 7744

 Russell Cooke / Nicholas Chambers

 

 

 

 

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