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  • Martin Currie
    Pacific Trust plc

  • Glossary


    Discount When the share price is lower than the NAV per share, the shares are trading at a discount (shown as a percentage).
    Net asset value (NAV) The total market value of the investments held less any costs or borrowings.
    NAV per share The net asset value divided by the number of shares in issue.
    Share buybacks Martin Currie Pacific has the option to buy back its own shares and cancel them if the directors think this will benefit the company. When a company buys back its shares at a significant discount it enhances the NAV per share for continuing shareholders.
    Dividend Dividends are paid from the profits of the company. Martin Currie Pacific normally pays a dividend once a year (July).
    Gearing The company can borrow to buy investments. This is called gearing and enables the manager to make a greater return for shareholders, particularly in rising markets.


    For more information on investment trusts, visit the website of the Association of Investment Companies.