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 Sharecast.com

Share this article

Related Sharecast Articles

Mosman Oil sells Australian asset for £0.2m
(Sharecast News) - Mosman Oil and Gas announced the sale of its Australian EP-145 asset to the ASX-listed Echelon Resources on Tuesday, as part of its strategic pivot towards helium exploration and production in the United States.
CleanTech successfully produces 99.78pc-pure lithium carbonate
(Sharecast News) - CleanTech Lithium announced the successful production of lithium carbonate with 99.78% purity from its pilot plant downstream process on Tuesday, exceeding the 99.6% benchmark for battery-grade lithium carbonate.
Reports of TikTok US sale to Elon Musk are 'pure fiction', says ByteDance
(Sharecast News) - ByteDance has quashed speculation that the company is considering a sale of its US TikTok operations to X owner Elon Musk ahead of an impending ban by Washington lawmakers.
Signet Jewelers lowers guidance after disappointing holiday season
(Sharecast News) - Shares in American jewellery retail giant Signet Jewelers were sliding on Tuesday, after the company revised its fourth-quarter guidance downward on the back of weaker-than-expected holiday sales.

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.