10 January 2024
Onward Opportunities Limited
("Onward Opportunities", "ONWD" or the "Company")
QUARTERLY FACTSHEET - Q4 2023
Onward Opportunities Limited is pleased to announce the publication of its quarterly factsheet to the end of December 2023.
Please follow the link below to access the Q4 2023 fact sheet, which will also be available to download from the Company's website at www.onwardopportunities.co.uk.
As at 31 December 2023, the unaudited net asset value ("NAV") per ordinary share was 106.5 pence, an increase of +6.25% versus the previous month end.
Q4 2023 Portfolio Manager Commentary
"The Company built on the encouraging start of a +4.1% Net Asset Value growth in Q3 to deliver a +6.1% gain for the fourth quarter, capping off a rewarding first financial year of investment performance (NAV growth) for the Company of +11.3% since inception (30/03/23), outperforming the UK AIM All-Share by 16.6%, which fell in the same period. Perhaps most encouraging was the investment performance of the fund relative to its peers, which was top-decile. The standout performers of Q4 were; Springfield Properties, MPAC Group, Brickability, Somero Enterprises, Comptoir Libanais, Windward, Angling Direct and Liontrust Asset Management."
For further information, please contact:
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Onward Opportunities Limited Andrew Henton, Chairman
Dowgate Wealth Limited (Portfolio Manager) Laurence Hulse, Investment Director
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Tel: +44 (0)20 3416 9143 hello@dowgate.co.uk
Tel: +44 (0)20 3416 9143 hello@dowgate.co.uk
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| Apex Administration (Guernsey) Limited (Company Secretary) Martin Baxter / Harry Rouillard
| Tel: +44 (0) 203 5303 150 ool@maitlandgroup.com |
| Cavendish Capital Markets Limited (Nominated Adviser and Joint Broker) Ben Jeynes/Camilla Hume
| Tel: +44 (0)20 7397 8900 |
| Dowgate Capital Limited (Joint Broker) Russell Cooke / Nicholas Chambers
| Tel: +44 (0)12 9351 7744 |
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