St. Peter Port is a fund of pre IPO investments (companies that are planning to list or have another exit opportunity for their shareholders in the offing). In its interim results for the six months ended 30 September 2013, SPPC announced that its net asset value fell by 10.4%. They attributed this, largely, to the strengthening of Sterling over the period. SPPC is hopeful that 2014 will be a good time for exits from their portfolio – one major exit was achieved during the period as they got £1.19m from the sale of Iona Energy : INA.TV
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