IN BRIEF: Sherborne Investors plans up to PS15 million in buybacks

Sherborne Investors Guernsey C Ltd - Guernsey-based investment firm - Net asset value per share is 61.5 pence on December 31, down 24% from 80.9p a year before. Total NAV is £430.3 million, down from £566.3 million. NAV is estimated to have fallen further in the first three months of 2025, to 57.0 pence on March 31, down 26% from 77.1p a year before. The company declares a further dividend for 2024 of 0.1 pence per share, bringing the total payout for the year to 0.6p, up from 0.5p for 2023.

Sherborne Investors says that, as its shares trade at a discount to NAV, it will prioritise share buybacks in the coming year, expecting to initially allocate £10 million to £15 million toward this. It also will continue to pay a dividend at an annual ate of 0.1p per share. Between the buyback and the dividend, the overall capital return will be 50% higher in 2025 than in 2024, Sherborne Investors notes.

Current stock price: 40.00 pence

12-month change: down 30%

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