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RM Secured Direct Lending well positioned to capitalise on opportunities

“The board is delighted to have the broad sector diversity which was one of the initial objectives of the company,” it said in a statement

money, investments
It had a net asset value of £56.2mln

RM Secured Direct Lending Plc (LON:RMDL) told investors that it is well positioned to capitalise on opportunities, and it highlighted that its fund manager has demonstrated the ability to source excellent investment opportunities.

The group, which invests in secured debts of small medium enterprises (SMEs), reported a net asset value of £56.2mln at the end of December, which equated to 98.2p per share.

At the end of the financial year, the group held 23 debt investments totalling over £55m of deployed capital as well as holding 9 debt investments in its C Share portfolio, totalling £21mln.

“The board is delighted to have the broad sector diversity which was one of the initial objectives of the company,” it said in a statement.

“Investments are spread across 13 sectors with the average yield on investments being 8.23% on the ordinary shares and 9.74% on the C shares.”

The company declared 4.2p per share of dividends for the year, which was above the 4p per share target set at the time of the IPO.

Quick facts: RM Secured Direct Lending

Price: 100.5 GBX

LSE:RMDL
Market: LSE
Market Cap: £122.84 m
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on 18/10/19

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