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Alliance Witan PLC Shares News & Articles

Witan’s net assets up 11% in first half but investors focused on Alliance Trust mega-merger

11% increase in NAV (net asset value)Shareholder total return of 14.3% after discount narrowsSecond interim dividend of 1.75p per share announcedShares in Witan Investment Trust (WTAN) were marginally lower in morning trading at 263p as the investment trust reported a 11% increase in NAV slightly underperforming its composite global benchmark for the six months ending 30 June 2024.The trust...

Scottish Mortgage tackles NAV discount with £1 billion buyback while Witan invites new managers

Unlike investment funds, trusts can trade at a discount or premium to the underlying assets which can be to the advantage of potential buyers but a thorn in the side for existing shareholders and trust boards alike.Poor performance is often a key factor driving the share price below NAV (net asset value). Scottish Mortgage Trust (SMT) and multi-manager Witan Investment Trust (WTAN) sit on...
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