In its annual outcomes revealed immediately (21 June), the belief’s NAV dropped to £751.2m within the 12 months ending 31 March 2024, down from £814.6m recorded a 12 months earlier than. Equally, NAV per share was all the way down to 113.6p from 123.1p. Nonetheless, JLEN attributed the autumn to dividend funds to shareholders, which had been “in line” with the belief’s goal.
The drop in NAV got here on the again of decrease energy value forecasts, a change in outlook for battery revenues and will increase in low cost charges.
In consequence, the belief will face a discontinuation vote on the upcoming annual normal assembly in September, when th…
