6th Jun 2014 07:00
All information is at 31 May 2014 and unaudited.
Historical total return (with net income reinvested) performance at month end
Onemonth% | Three months % | Oneyear % | Three years% p.a. | Fiveyears % p.a. | Tenyears % p.a. | |
NAV per share | (0.8%) | (2.5%) | (7.9%)1 | 1.0%1 | 6.8% | 13.6% |
Share price | 1.7% | 1.4% | (3.8%) | (0.4%) | 7.7% | 14.6% |
FTSE All-Share Index | 1.4% | 0.9% | 8.9% | 9.2% | 14.0% | 8.9% |
Sources: HgCapital, Factset
1 equivalent NAV per share (diluted) performance was (7.1%) over one year and 2.0% p.a. over three years.
Financials as at 31 May 2014
31 May 2014 | Pro-forma | |
NAV per share:2, 3 | 1,122.5p | 1,159.5p |
Share price per ordinary share: | 1,053.5p | |
Ordinary share price discount to NAV: | ||
Basic | 6.1% | |
Total net assets:3 | £419.0m | £432.8m |
Net yield: | 2.8% | |
Market Capitalisation: | £393.2m | |
Gearing: | Nil% | |
Ordinary shares in issue: | 37,324,698 | |
2 includes 5 months net revenue of 12.89p 3 pro-forma financial information represents the 31 May 2014 month-end financials, adjusted for the re-investment | ||
in Visma announced in April 2014, and the sale of Schleich announced in May 2014.
The investment portfolio has not been revalued at 31 May 2014. The unaudited NAV at 31 May 2014 is based on the NAV at 31 December 2013, adjusted to reflect purchases and realisations of investments, exchange rate movements, market prices (at bid) in respect of quoted investments, any dividends payable and expenses incurred during the period. The renewable energy portfolio has been revalued where relevant as a result of the further changes to the general legislation announced by the Spanish government as highlighted in the Interim Management Statement released on 13 May 2014.
Sector Analysis
Sector | % of Net Assets | |
TMT | 41.3 | |
Services | 17.9 | |
Industrials | 6.5 | |
Healthcare | 6.3 | |
Consumer & Leisure | 3.7 | |
Renewable Energy | 3.2 | |
Other | 2.5 | |
Cash and other liquid assets | 18.6 | |
100.0% | ||
|
| |
Company | % of Net Assets |
Sector | |
IRIS | 7.9 | TMT | |
Visma | 5.9 | TMT | |
TeamSystem | 5.8 | TMT | |
Zenith Leasedrive | 5.7 | Services | |
P&I | 5.2 | TMT | |
JLA | 4.8 | Services | |
Achilles | 4.7 | TMT | |
Nair & Co | 4.3 | Services | |
QUNDIS | 3.0 | Industrials | |
Lumesse | 2.9 | TMT | |
50.2% |
06 June 2014
Related Shares:
HgCapital Trust plc