Net asset backing

Kinetic Growth Fund Ltd (KGF) yesterday announced that the unaudited net asset backing per share of the KGF was $1.11 as at April 30, 2021.

During the month of April, it was stated the Fiji Kava Ltd (FIJ) share price (AUD) increased by 1 cent to $0.14.

This primarily accounted for the increase in NAV over the month, which was offset partially by the decrease in the market price of shares in Kontiki Finance Ltd (KFL) by 2 cents to $1.27.

KGF stated its shares continued to trade at $1.12 per share on the South Pacific Stock Exchange (SPX).

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