Astoria advances as it mulls options to return capital to shareholders
Investment holding company Astoria has reported a marginal increase in its net asset value for the three months to September, as it continues to mull options to return capital to shareholders ahead of an anticipated unsolicited offer by RECM and Calibre (RAC). The company, which is domiciled in Mauritius, reported a 5% increase in net asset value to $1.20 per share at the end of September. This was marginally ahead of the MSCI World Index which the company benchmarks itself against, which delivered a return of 4.9% over the same period. MSCI World is a broad global equity index that represents large and mid cap equity performance across 23 developed markets countries. “The listed equity portfolio benefited from currency revaluations but remained broadly stable in its composition,” says Astoria nonexecutive director Peter Armitage, who is also the CEO of Anchor Capital. Anchor is the designated investment adviser for Astoria.
The company was established to provide investors wit...
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