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IBT half-yearly report

I am pleased to report another excellent return for Shareholders for the six months ended 28 February 2015. The Net Asset Value (NAV) per share rose 44.5%, ending at a period high of 571.8p per share. The share price was up 57.4%, driven by very strong performance of both the unquoted and quoted parts of the portfolio, and share buybacks. This result has generated performance fees for our Investment Manager from both sections of the portfolio and a total fee of £2.0m has been accrued in these accounts.

Published on 14th April 2015

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