6th Jul 2018 11:59
LONDON (Alliance News) - Gala Bingo stakeholder Caledonia Investments PLC on Friday posted a rise in net asset value for the second quarter of 2018.
As at June 30, the investor's net asset value was GBP1.91 billion, up 4.0% from GBP1.84 billion on March 31. Net asset value per share stood at 3,405 pence, up from 3,285p at the end of the previous quarter.
Caledonia Investments said that on June 30 its discount to net asset value was 17.5%, a drop of 2.2 percentage points from March 31. Total return for the quarter was 4.9%.
Caledonia invested GBP111.5 million during the period, including an additional GBP14.0 million Gala Bingo investment to facilitate the company's rebranding as Buzz Bingo, bringing Caledonia's total Gala investment to GBP88.5 million.
The company's realisations for the quarter totalled GBP93.1 million. A final dividend of 41.5p per share was proposed in May, up 4.0% from the year before.
At June end, Caledonia had GBP219.8 in cash and other items - a drop from GBP225.7 million the previous quarter.
Shares in Caledonia Investments were up 0.2% at 2,750.50 pence on Friday.
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