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See more trades and director dealings. Play the Fantasy Share Trading Game. Company’s final results for the year ended 31 March 2017. Portfolio valuation as at 31 March 2017 of ? NAV per ordinary share of 100. 14 pence per ordinary share for year to 31 March 2017, in line with target set out in the 2016 Annual Report. Target dividend for year to 31 March 2018 6.
Share price total return for the period since IPO of 27. Four acquisitions during the year, bringing the total number of assets in the portfolio to 19 and the capacity of the renewable energy assets in the JLEN portfolio to 177. Total equity issuance during the year of ? Revolving credit facility increased from ? A proposed placing for up to ? JLEN put in a resilient performance in the year, despite some poor wind conditions and technical challenges at two of our solar parks.
We continued to build the portfolio with new investments, and our acquisition pipeline remains healthy. We maintained our progressive dividend policy, paid dividends in line with our targets and have seen our NAV grow, helped by rising electricity prices. We have announced today that the Company is seeking to raise up to ? A copy of the annual report has been submitted to the National Storage Mechanism and will shortly be available at www. The annual report will also be available on the Company’s website at www. There will be a call at 9. 30am today for analysts and investors.
Presentation materials will be posted on the Company’s website, www. On behalf of the Board, I am pleased to present the Annual Report of the Company for the year ended 31 March 2017. The Company has continued to make good progress in the development of its portfolio of environmental infrastructure assets during its third full year of trading since IPO, producing a satisfactory operational performance against a backdrop of improved electricity prices and variable wind conditions. The year saw a further expansion of the portfolio, with four acquisitions totalling ? As a result, at the year end, JLEN has a diversified portfolio of 19? The increase in NAV per share was due primarily to the increase in both short-term electricity prices and forecasts for longer-term prices during the year and at the year end, leading to an improvement in the portfolio valuation of the renewable energy assets. Profit after tax for the year was ?