Prelude Trust Plc releases half-yearly results

Prelude had a net asset value, as of 30 September 2003 of £44.3 million, down from £48m over the previous six months. NAV per share was down around 7.7% from the previous six months to 120.8p. At 30 September 2003, the trust had 18 active investments including, the two quoted company shareholdings. The trust’s quoted investments both performed well over the period, particularly its shareholding in Oxford BioMedica, which increased in value to £4.2 million from the £1.2m reported 31 March 2003.

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