It will also stop paying dividends in the future
Thursday 20 Jun 2019 Author: Martin Gamble
INVESTMENT TRUST Syncona ( SYNC ) has reported 38% growth in net asset value (NAV) for the year ended 31 March. It invests in life science businesses and the past year’s performance has been helped by valuation increases to its stakes in Autolus, Nightstar and Blue Earth. Syncona says it will no longer pay dividends, adding its investee companies are ‘fast growing and capital intensive’ which implies it will...