B.P. Marsh has delivered another excellent set of results with an increase in NAV to 243p/share (31 Jan 2015: 216p), a good pipeline of new investment opportunities and a healthy supply of cash. Total Shareholder Return in 2016 was 13.7% (2015: 8.2%) whilst average NAV annual compound growth since 1990 has been an impressive 11.4% and, as expected, a final dividend of 3.42p/share (+24.4%) has been declared. In addition there are a number of actions in place to narrow the gap between the share ....