Kingfish reports modest returns, portfolio companies vary

Kingfish, the investment company, has reported a gross performance return of 0.7% and an adjusted net asset value (NAV) return of 0.6% for October.

This is compared to the S&P/NZX 50 benchmark, which had a return of 1.9%.

In the announcement, Kingfish highlighted the performance of its portfolio companies.

EBOS, the healthcare and animal care products company, reiterated its financial year guidance, indicating growth of about 7% at the midpoint.

Freightways, the courier and logistics company, reported better-than-expected core operating earnings growth of 12% in the September quarter.

Summerset, the retirement village and aged care operator, had a 28% increase in total settlements for the September quarter.

However, Vista, the film and entertainment technology company, experienced an 11% decline in its share price due to concerns about weaker box office takings.

Vulcan Steel, the steel and metal products company, provided a trading update that was in line with expectations.

As of Oct 31, Kingfish's net asset value per share was $1.35, with a share price discount of 0.5%.

The company has no gearing and a market capitalisation of $470 million.