News Round Up

Listed investment trust Salvus says it has produced a 1.5% increase in net asset value in the first 3 months since listing.

Its NAV is 96c versus a shareprice of 84c

The company hasn't disclosed the names of the 10 companies it has invested in, but it has revealed that it is only 20% invested. Two of the 10 companies are listed on the NZAX.

The manager says it is in the process of negotiating several private placings, both in listed and private companies that should lead to a much more substantially invested position in the next few months.