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You are here: Announcement

Wednesday 08 September, 2010


RNS Number : 3882S
Artemis Alpha Trust PLC
08 September 2010
 

Artemis Alpha Trust plc (the "Company")

Interim management statement - 3 months ended 31 July 2010

 

Introduction 

The Company has prepared this interim management statement to meet the requirements of the UK Listing Authority's Disclosure Rules and Transparency Rules.  It covers the three month period ended 31 July 2010, together with relevant information up to the date of publication. 

 

Investment objective 

Artemis Alpha Trust plc aims to achieve above average rates of total return over the longer-term and to achieve a growing dividend stream.

 

Material events & transactions

The Company announced its results for the year ended 30 April 2010 during the period, including the declaration of a second interim dividend for the year to 30 April 2010 of 1.60p per ordinary share. This dividend was paid on 20 August 2010.

 

During the period, the Company has purchased 137,000 ordinary shares at an average discount of 8.3%. All shares repurchased are currently being held in treasury. As at the date of this statement, the discount to diluted net asset value at which the Company's shares trade was 5.7%.

 

General financial information

 


7 September 2010

31 July 2010

30 April 2010

Net asset value (basic)

290.04p

282.38p

298.47p

Net asset value (diluted)

260.04p

253.46p

266.77p

Share price

245.25p

235.50p

256.50p

Net assets

£86.9m

£84.6m

£89.8m

Market capitalisation

£73.5m

£70.5m

£77.2m





Number of shares in issue

29,956,203

29,956,203

30,093,203

Number of shares in treasury

551,500

551,500

414,500

Number of manager warrants in issue

6,568,982

6,568,982

6,568,982

 

Ten largest equity investments

 

Investment

% of portfolio at 7 September 2010

% of portfolio at 31 July 2010

% of portfolio at 30 April 2010

Vostok Energy

10.6

10.6

10.4

Hurricane Exploration

6.8

7.0

6.7

Salamander Energy

4.8

5.1

5.0

New Britain Palm Oil

3.5

3.1

3.2

R.E.A. Holdings

3.2

2.7

2.4

Ideal Shopping Direct

3.1

3.3

2.5

Macau Property Opportunities

2.6

2.6

2.6

Reaction Engines

2.5

2.6

1.5

Lynton Holding Asia

2.3

2.3

2.3

Cove Energy

2.2

3.6

2.5

 


Sector analysis

 

Sector

% of portfolio at 7 September 2010

% of portfolio at 31 July 2010

% of portfolio at 30 April 2010

Oil & Gas Producers

40.3

41.6

40.5

Financial Services

9.8

10.2

9.5

Food Producers

7.9

6.2

6.0

General Retailers

6.2

6.5

5.1

Real Estate Investment & Services

5.9

6.1

5.9

Industrial Engineering

5.2

5.0

5.6

Aerospace & Defence

4.8

4.9

3.8

Health Care Equipment & Services

2.5

2.3

2.2

Mining

2.2

2.2

2.3

Software & Computer Services

1.9

2.0

3.3

Other

13.3

13.0

15.8

 

Performance

 


3 months

1 year

3 years

Since 1 June 2003 **

Net asset value - basic *

(4.9)%

34.3%

18.8%

326.2%

Net asset value - diluted *

(4.4)%

31.0%

16.9%

284.8%

Share price *

(7.6)%

32.2%

15.2%

268.8%

FTSE All-Share Index

(4.4)%

19.3%

(7.4)%

76.6%

 

*Source: Artemis Investment Management Limited/Datastream. All figures are to 31 July 2010 and are total returns.

** The date of Artemis' appointment as Investment Manager.

A copy of the interim management statement and further information about the Company can be found on the Investment Manager's website at www.artemisonline.co.uk .

 

Artemis Investment Management Limited

Company Secretary

Tel:  0131 225 7300  

 

 

8 September 2010


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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