HgCapital Trust

LN: HGT

£791.3m market cap

2120p last close

Investment summary

Hg Capital Trust’s (HGT) investment activity in 2019 to end-November has been broadly in line with last year, while the volume of realisations was lower following an exceptionally strong 2018 and 2017. HGT’s NAV total return (TR) to end-September 2019 was a solid 18.4%, backed by revaluations of portfolio holdings, which continue to deliver good operational performance. Following several major new and follow-on investments in 2019 (including team.blue, Transporeon, Visma, Litera Microsystems and Argus Media), HGT’s coverage ratio increased to c 80% in September 2019 from 50% at end-2018. That said, HGT expects to announce further commitments to invest alongside Hg funds in early 2020.

Share price graph
Price performance
%
1m
3m
12m
Actual (1.6) 5.0 11.6
Relative* 2.3 4.5 20.6
52-week high/low 2170.0p/1750.0p
*% relative to local index
Key management
Laura Dixon Senior Investor Relations Manager

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