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Currency in GBP
Last close As at 17/03/2023
GBP3.40
▲ 9.50 (2.88%)
Market capitalisation
GBP1,543m
HgCapital Trust’s investment objective is to provide shareholders with consistent long-term returns in excess of the UK All-Share Index by investing predominantly in unquoted companies where value can be created through strategic and operational change.
Investment Companies
Investment Companies
Investment Companies
Investment Companies
Director, Financials
Laura Dixon
Senior Investor Relations Manager
| % | 1M | 3M | 12M |
|---|---|---|---|
| Actual | (8.6) | (4.5) | (19.2) |
| Relative | (1.3) | (5.5) | (18.7) |
| 52 week high/low | 454.0p/312.0p |
HgCapital Trust (HGT) posted a 5.4% NAV total return (TR) in FY22, mostly assisted by continued good earnings momentum (revenue and EBITDA across the top 20 holdings increased in 2022 by 30% and 25%, respectively) and the average 28% uplift to end-2021 carrying value achieved on exits. This was only partly offset by lower multiples and higher net debt across HGT’s portfolio (with net debt to last 12-month EBITDA for the top 20 holdings at 8.0x at end-2022). HGT’s recent balance sheet measures strengthen its near- to medium-term liquidity.
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