Monks tumbles 'jarring' 19% while wider market rises

Down 18.9%

Monks investment trust delivered negative returns to investors for the year ending 30 April 2022, with returns down 18.9%, compared to gains of 6.1% from its FTSE World index, the company revealed in its annual results.

Its share price return for the period was down 24.6%, which the company said was "disappointing", attributing it to a backdrop of economic uncertainty over the past 12 months. Turnover for the year was 11%, while invested borrowing stood at 7.3% at the financial year end. It had a single final recommended dividend of £2.35, compared to £2 last year, while its share price ended the year at a 4.4% discount to its net asset value (NAV), as 8,808,550 shares were bought back at a discount, equating to 3.7% of the company's share capital, at a total cost of £98m. Revealed: Investment tru...