6th Dec 2011 07:00
HgCapital Trust plc
All information is at 30 November 2011 and unaudited.
Performance at month end with net income reinvested
One Three One Three Five Ten month months year years years years Net asset value (0.4%) (0.9%) 18.3% 9.5% 83.0% 257.4%(diluted) Net asset value (0.4%) (1.0%) 20.9% 12.3% 87.7% 266.6%(basic) Share price 0.3% (6.4%) 10.6% 71.6% 69.4% 361.0% FTSE All-Share (0.4%) 2.1% 2.6% 47.9% 8.8% 37.1%Index
Sources: HgCapital, Factset
At month endNet asset value:* Basic 1,144.6p Diluted 1,115.9p Share price ordinary shares: 1,025.0p Ordinary share price discount to NAV (basic): 10.4% Ordinary share price discount to NAV (diluted): 8.1% Share price subscription shares: 85.0p Total net assets: £364.2m Net yield: 2.7% Market Capitalisation: £326.2m Gearing: Nil% Ordinary shares in issue: 31,822,330 Subscription shares in issue: 5,502,368 * includes 10 months net revenue of 11.57p
The previously announced investment in Group NBT is due to complete in December 2011. The total investment will be £154.7 million and the Trust's share of this is £23.2 million. The investment will be funded entirely from funds managed by HgCapital with no requirement for any third-party debt, although some of the investment may be refinanced.
The NAV is recalculated monthly with respect to cash, cash equivalents and quoted investments in the portfolio.
Unquoted investments were last revalued at 30 June 2011.
Sector Total Assets % Technology & Media 28.2 Healthcare 13.3 Services 9.4 Industrials 5.8 Renewable Energy 5.3 Consumer & Leisure 3.9 Other 6.9 Cash and other liquid assets 27.2 100.0Ten Largest InvestmentsCompany Total Assets Sector % TeamSystem 7.3 Technology & Media VISMA 6.4 Technology & Media SHL 5.2 Services Lumesse 4.9 Technology & Media Frosunda 4.4 Healthcare Midas EquityCo (Goldshield) 4.4 Healthcare HG Renewable Energy (Fund 1) 4.1 Renewable Energy Achilles 4.0 Technology & Media Mainio Vire 3.4 Healthcare Epyx 3.3 Technology & Media 47.4 06 December 2011
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HgCapital Trust plc