7th Jan 2016 14:42
LONDON (Alliance News) - Caledonia Investments PLC, a self-managed investment trust, on Thursday said its net asset value rose over the course of the third quarter of its financial year.
Net assets amounted to GBP1.60 billion on December 31, up from GBP1.55 billion on September 30. The trust's NAV per share total return was 3.3%, bringing the total for the financial year to that point to negative 0.6%.
"Unquoted investments are revalued in March and September. Consequently, the NAV at 31 December 2015 did not include any valuation adjustments to unquoted investments in the past three months," the trust said.
Investments during the period totalled GBP185.6 million, including GBP92.3 million for 98.9% of Gala Bingo, the UK bingo operator, and a further GBP11.6 million in Bristow Group, the US listed helicopter operator.
Realisations amounted to GBP131.1 million, including GBP34.1 million for the trust's holding in Quintain Estates, the UK property company, on its acquisition by a US private equity fund, further distributions of GBP23.1 million from the Capital Today China fund on continuing sales of part of its holding in JD.com, and proceeds from the sale of a holding in the Ocean Dial Gateway to India fund.
Shares in Caledonia were down 1.6% at 2,320p on Thursday afternoon.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Caledonia