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LONDON - Rockwood Strategic PLC (LSE:RKW) reported a net asset value (NAV) total return of 21% for the year ending March 31, 2025, significantly outperforming its peer group average of 1.2% and its two primary comparators which returned 3.4% and -8.2% respectively.
The investment trust, which was recently promoted to the FTSE All-Share Index, saw its total net assets increase by approximately 50% during the reporting period, according to the company’s annual financial results.
Manager Richard Staveley maintained a concentrated portfolio of 24 holdings, with several strong performers contributing to the overall performance. The trust actively trimmed positions in top-performing stocks to take profits and reallocated capital to new and existing investments.
Throughout the year, Rockwood Strategic traded at an average premium of 2.9% to NAV and issued new shares. The combination of share issuance and strong performance contributed to the trust’s asset growth and subsequent index promotion.
One notable investment story involved National World, which the trust initially sold at a profit before repurchasing at a lower valuation in mid-2024. Shortly after, the company received a takeover bid that was initially resisted by Staveley, ultimately resulting in an increased offer.
Chairman Noel Lamb highlighted the trust’s approach, stating that "to re-cycle and renew our portfolio provides confidence in the dynamism of our approach and that the seeds of future NAV growth are being sown."
The information in this article is based on a press release statement from Rockwood Strategic PLC.
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