May 29, 2023
Interest income decreased by 4% to $206,000 relative to $214,000 booked in 2022.
Dividend Income for the quarter decreased by 1% to $14.65 million (2022: $14.74 million)
SELECTF’s Net loss in fair value amount increased by 81% to $246.53 Million compared to a loss of $136.13 million reported for 2022.
Total Investment Loss increased by 91% to $231.71 million versus a loss of $121.22 million documented in 2022.
Total expenses for the period decreased by 42% to $6.21 million. (2022: $10.64 million).
Net investment loss for the period increased by 80% to a loss of $237.92 million. (2022: Loss of $131.86 million)
Loss per share for the period amounted to $0.05 relative to an LPS of $0.03 in 2022. The trailing twelve months loss per share amounts to $0.12. The number of shares used in this calculation was 5,100,000,000 shares. As at May 16, 2023 the stock traded at $0.37.
Balance Sheet Highlights:
Total assets, as at March 31, 2023, amounted to $3.37 billion (2022: $4.01 billion). Of this, Cash and Cash Equivalents amounted $33.68 million (2022: $42.77 million), while Financial assets at fair value through profit or loss totalled $3.33 billion (2022: $3.96 billion).
Total equity as at March 31, 2023 amounted to $3.35 billion (2022: $3.99 billion), resulting in a net asset value per share of $0.66 (2022: $0.78).
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