7th Dec 2010 10:15
HgCapital Trust plc
All information is at 30 November 2010 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 1.3% 3.4% 12.3% 14.2% 84.9% 186.9%Share price 1.0% 16.9% 14.5% 25.2% 84.2% 248.9%FTSE All-Share Index -2.3% 6.8% 11.5% -2.3% 24.5% 20.7%
Sources: HgCapital, Factset
At month endNet asset value:* Basic 970.4pDiluted 967.0pShare price ordinary shares: 950.0pOrdinary share price discount to NAV (basic): 2.1% Ordinary share price discount to NAV (diluted): 1.8%Share price subscription shares: 89.5pTotal net assets: £301.8mNet yield: 2.6%Gearing: Nil%Ordinary shares in issue: 31,103,915Subscription shares in issue: 6,220,783 * includes 11 months net revenue of 17.82p
Following the partial realisation of Visma (expected to be completed in December 2010), the NAV is estimated to be £320.9 million (1,031.8 pence per share basic; 1,018.1 pence per share diluted). The ordinary share price is trading at a 7.9% discount to the adjusted NAV of 1,031.8 pence per share; 6.7% discount to the adjusted diluted NAV of 1,018.1 pence per share.
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 2010.
Sector Total Assets %Technology & Media 37.7Industrials 11.3Healthcare 10.7Services 4.9Consumer & Leisure 4.6Renewable Energy 4.7Other 8.7Cash and other liquid assets* 17.4 100.0* Cash and other liquid assets are stated before the investment in ATC,scheduled to complete in December 2010/January 2011, and the partialrealisation of Visma, scheduled to complete in December 2010. After completionof both, cash and other liquid assets is estimated to be 25.4% of totaladjusted net assets.Ten Largest InvestmentsCompany Total Assets Sector % VISMA 13.5 Technology & Media TeamSystem 8.1 Technology & Media Stepstone Solutions 6.2 Technology & Media Frosunda 4.9 Healthcare HG Renewable Energy (Fund 1) 4.5 Renewable Energy JLA 3.8 Services Manx Telecom 3.7 Technology & Media Mondo Minerals Co-op 3.6 Industrials SimonsVoss 3.3 Industrials SLV Electronic 3.2 Industrials 54.8 07 December 2010
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HgCapital Trust plc