NAV at TCS falls as retail CVAs bite

Edward (left) and Ben Ziff of Town Centre Securities

Net asset value (NAV) at Town Centre Securities (TCS) dropped 7.8% in the year to the end of June as the group attempted to reduce its retail exposure and focus on less volatile assets.

NAV per share came in at 354p, from 384p last year, while pre-tax profit was down 7.9% to £6.4m as retail CVAs and new investments hit the bottom line. 

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.

Registered users and subscribers SIGN IN here to continue