Ludgate Environmental : LEF – cut in NAV

Between the 30 September 2013 and 31 December 2013 LEF’s NAV fell from 85p per share to 70.8p per share. 5p of the fall reflects a distribution that was made to shareholders, the rest is mainly a reduction in the carrying value of ECO Plastics as LEF changed they way they valued and accounted for that company.

James Carthew
Written By James Carthew

Head of Investment Company Research

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