NetNet assets are reduced to £7.8m

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The Framlington NetNet Income split cap trust has paid back £40m in borrowings leaving it with net a...

The Framlington NetNet Income split cap trust has paid back £40m in borrowings leaving it with net assets of just £7.8m. The income shares are now priced at 5.5p, with an NAV per share of 6p, and in the past year have been as high as 39.5p. The growth shares are now worth 0.5p and have been as high as 14p. Paul Branigan, director at Framlington, said that all of the increase in NAV will go into income shares until these reach 40p. He said: "Growth shares are out of market warrants in the technology market at the moment". The trust had assets totalling £100m at launch in March 20...

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