AIM listed investment firm St Peter Port Capital's share price dipped more than 7% after it reported a 37.5% dip in net asset value.
Shares in the firm traded at 21.75p on Monday at 13:21, down 7.45%, as the investment firm said its net asset value had fallen to 58.8p per share.

In its final results for 2015, the firm said it realised £3.45m to 31 March 2015, and recorded £4m in available cash.

St Peter Port chairman Bob Morton said the firm's portfolio, now at 26 companies, was making good progress.

"However, the commodities markets remain at multi-year lows which have depressed the value of resources companies. We have therefore reduced the holding value for several of our investments as a result."

Shore Capital Stockbrokers, which advises the firm, said it was encouraged by St Peter Port's progress despite market conditions.

"St Peter Port's portfolio is spread across a range of sectors and includes some leading companies in their fields, and we continue to look forward to positive uplifts as realisations are achieved," Shore Capital said in a note.

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St Peter Port Capital Ltd (SPPC) share price