Tough year for Baillie Gifford Shin Nippon as ‘favourable environment stalled’ – Baillie Gifford Shin Nippon has published its full year results for the 12 months to 31 January 2022, during which time its The Over the year, the managers continued to use 8% to 11% and potential gearing from 9% to 16%. The company borrowed 5bn (32.3m), to 14.1bn (91.1m), and 5bn (with a new fixed rate facility of 3.4%) from its three-year term. The yen was 7.0% less expensive than sterling during the year. BGS undertook no currency .
Revenue return per share was a positive 0.29p compared to a loss of 0.05p the prior year and the revenue reserve remains in deficit therefore BGS is not in a position to pay a Statement from the chair:
2021 created a difficult backdrop for small cap The appalling situation developing in Ukraine has weighed heavily on global markets and the Company’s share price and NAV are not immune. There is a key emerging risk from the interconnectedness of global economies and the related exposure of the Company’s Our Managers will continue to promote a ‘bottom-up’ stock picking approach dedicated to researching and sourcing disruptive companies and technologies that will allow those businesses to outperform in the long term. The Board’s planned trip to Japan in November 2022 has been delayed for two years. It is now expected that the trip will go ahead. This will allow your Board access to existing and potential portfolio holdings. After the disappointing short-term performance, your Board will ask the Managers to reverse the trend and continue looking for companies with high quality that can challenge norms. BGS : Tough year for Baillie Gifford Shin Nippon as ‘favourable environment stalled’ previous story | next story