Wake up folks vote for literacy capital and help the illiteratese!! and make lots of money!
In the case of the later my opinion only
Presently on a rare 5.5% discount.
Hinted at last update they had other sales in the pipeline. Last 2 sales were at 40% and 50% uplifts to NAV.
Loads of cash in the bank for purchases.
AN EXCELLENT TIME TO BUY!!
VOTE BOOK AND MAKE YOURSELF RICH.
My opinion only.
PS you will be sorry if you donāt!!!
Only my opinion.
@EmilieG (and others)
Come on folks vote BOOK help the dysentery.
If you donāt i will never get any help with my spelling!
Voted, but you get a c- for the pitch
1 Like
I donāt think your dote is shooing?
Back again trying to get people to vote for literacy capital.
A company that gives a small amount of itās profits to help UK children with their literacy.
AND a huge capital gains to itās shareholders!
Vote for literacy capital.
I will vote for anything you want if you vote for literacy capital.
So I think this is called bumping?
So again vote for literacy capital and I vote for anything you want in returnā¦ including wirecard
1 Like
Bumpy bumpy!
I have had an idea!
Could freetrade list companies people have voted for instead of ones nobody has suggested such as the recent Finnish companies.
How good would that be!
27 August 2024
Literacy Capital plc (āLiteracy Capitalā or āBOOKā or the āCompanyā)
Literacy Capital FY24 Interim Results
Strong first half; celebrates third year anniversary with NAV performance ranked #1 out of all UK-listed investment companies
Literacy Capital, the listed investment trust focused on helping to build great businesses to generate superior returns, is pleased to report its unaudited interim results for the six months ended 30 June 2024.
A PDF copy of the results can be viewed at: www.literacycapital.com/ā¦tors/reports-and-results
Performance highlights
w NAV per ordinary share of 522.6p1 (31 December 2023: 500.4p; 30 June 2023: 488.5p)
o Net assets of Ā£313.6m1, an increase of 4.4% in the six months to 30 June 2024
o Over the same period, BOOKās share price increased 9.9%, compared to a 5.8% increase for the FTSE Investment Company Index and a 7.4% increase for the FTSE All-Share
w Cash inflows in the six-month period remained strong and consistent with recent periods, reflecting the active management of the portfolio
o Ā£25.0m of cash received in H1 2024, which matched the record amount received in H2 2023, and exceeded the Ā£21.3m received in H1 2023
o This was achieved without selling any portfolio companies, with the majority of cash proceeds received following the refinancing of a portfolio company announced in April
w Literacy continued deploying capital into new opportunities and the existing portfolio, remaining focused on investments into smaller, profitable businesses based in the UK
o A new investment completed in March 2024, with BOOK taking a significant minority stake in Live Business Group, a founder-led business providing entertainment solutions to travel operators
o On top of this new investment, Literacy has continued to deploy capital into existing portfolio companies, whilst supporting and strengthening the management teams of these businesses
w In June 2024 Literacy celebrated its third anniversary since the fundās listing. During this three-year period, BOOKās NAV performance ranked the fund #1 out of all UK-listed investment companies
o The fund delivered uplifts to NAV of more than 47% per annum compound in the three years to June 2024, a pleasing level of performance over the medium term
o The focus remains on the same type and size of investments that have been successful for Literacy since its inception, despite the increased scale of the fund
w Increasing charitable donations, helping disadvantaged children across the UK learn to read
o Ā£1,429k of charitable donations provided for in H1 2024, up 7% on the same period in 2023, as a result of the fundās growth in NAV
o Total donations now amount to Ā£10.0m since inception of Literacy Capital
To reiterate
o The fund delivered uplifts to NAV of more than 47% per annum compound in the three years to June 2024, a pleasing level of performance over the medium term
And
Ā£1,429k of charitable donations provided for in H1 2024, up 7% on the same period in 2023, as a result of the fundās growth in NAV
Total donations now amount to Ā£10.0m since inception of Literacy Capital
Wouldnāt it be nice if something of this quality
@acamp is there a reason why this hasnāt been added yet please?
or @Jachym
Morning all,
Iāve flagged to the team who is looking into this. Weāve got a number of different criteria stocks need to pass to get added to the platform. Liquidity on this name might be a difficulty. It trades very rarely and in low volumes. Weāll see though what we can do.
Alex
1 Like
I have both (3i and literacy capital) but I had to buy literacy capital on Hargreaves Lansdown.
Literacy capital is an āownedā investment trust. IE there are major shareholders.
At a guess we are talking about close to 45% and they are still buying.
The downside to this is trusts like this often trade on very wide discountsā¦ permanently.
Also the illiquidity will be permanent problem as the managers have said the company will not take on much more businesses.
Instead they will do a capital return rather than reinvesting in another business.
So in my opinion the upside is there particular niche.
In the private equity sector they buy into smaller companies than others do. I suspect in the listed sector they have this niche to themselves.