Forecasts & Results

Dale Syndicate 1729: 2020 and 2021 Year of Account Forecasts

Posted 11/08/2022 – Quick takes

Asta has released updated forecasts for the 2019 and 2020 years of account for Dale Syndicate 1729.

Syndicate 1729

The 2020 forecast has worsened to between -4.0% and +6.0% of capacity, midpoint +1.0%. The previous forecast range was between -5.0% and +10.0% of capacity, midpoint +2.5%.

The 2021 forecast is unchanged at between -5.0% and +10.0% of capacity, midpoint +2.5%.

Alpha comment:

It is disappointing that the forecast for the 2020 year of account has slightly deteriorated. A reduced forecast investment return is the key driver of the deterioration but it is thought that there may be some scope for this to improve before the year ultimately closes. The year was also negatively impacted by the devaluation of sterling against US dollars. The midpoint for the 2021 year of account is currently at the same level as both the 2019 and 2020 were at this stage of development, but the year is better rated, so a small profit should ultimately be achievable.

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