Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Syncona NAV grows in Q3

(Sharecast News) - Life sciences investor Syncona said on Thursday that its net asset value had grown in the three months ended 31 December, driven by a prioritisation of capital allocation across its portfolio to enable the delivery of key inflection points. Syncona said net assets had risen from £1.2bn at the end of September to £1.25bn at the end of December, with a NAV per share return of 5.4% in the period, driven by a £111.1m increase in the value of Autolus Therapeutics.

The FTSE 250-listed group added that over the nine months to 31 December, NAV per share returned 0.9%, with its life science portfolio generating a return of 3.0%.

Chris Hollowood, chief executive of Syncona Investment Management, said: "We have continued to take decisive action to support our companies' ability to deliver on their next key clinical milestones to maximise value across the portfolio against a continuing challenging market backdrop in the third quarter.

"Looking ahead, we have six key value inflection points over the next 12-36 months with the potential to drive significant NAV growth and are funded to deliver these. We will continue to take a rigorous approach to capital allocation and portfolio management, whilst also continuing to fuel our long-term growth by creating new companies across the new frontier of science."

As of 0900 GMT, Syncona shares were down 0.087% at 115.50p.

Reporting by Iain Gilbert at

Share this article

Related Sharecast Articles

Unilever to cut third of office roles in Europe - report
(Sharecast News) - Unilever is reportedly planning to cut a third of all office roles in Europe by the end of next year, as the company's new chief executive forges ahead with his plan to boost growth at the struggling consumer goods giant.
BHP and Vale ink deal on UK group action for 2015 Brazil dam breach
(Sharecast News) - Iron ore miner Vale has agreed to pay half of any awards to claimants as part of the UK group action against BHP for the 2015 failure of the Fundao dam in Brazil.
JP Morgan reports big jump in Q2 revenues and profit, but cautions on tail risks
(Sharecast News) - JP Morgan posted big increases on both its top and bottom lines, even as its boss continued to call attention to the potential risks on the horizon.
Months of AT&T call records exposed in data breach
(Sharecast News) - American telecoms giant AT&T revealed on Friday that the call and text logs of its customers were hacked between May and October 2022, and said that at least one person has been arrested.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.