Somers Limited Net Asset Value Per Share
In a filing with the Bermuda Stock Exchange [BSX], Somers Limited announced quarter ended December 31, 2020 net asset value per share.
The filing stated, “Somers Limited, a financial services investment holding company, is pleased to announce that for the quarter ended December 31, 2020, the Company’s net asset value per share is expected to be between $28.00 and $29.00. This is a significant increase from the NAV per share as at September 30, 2020 of $19.78.
“The increase in NAV in the quarter has been principally driven by the increase in the share price of Somers’ largest investment, Resimac Group Limited, from A$1.45 per share to A$2.16 per share. Foreign exchange movements and in particular the strengthening of both Sterling and the Australian Dollar against the US Dollar and strong equity markets in general also contributed to the increased NAV during the quarter.
“Somers is expected to release its results for the quarter ended December 31, 2020 in mid-February.”
