Your Basket
Your Basket
There are no funds in your basket. To add funds to your basket use the Green Plus Icon wherever you see it next to a fund.
Fund name
Aberdeen American Growth  
Fidelity American  
Schroder UK Mid 250  
M&G Recovery  
Jupiter Merlin UK Growth  
*
Close Basket Open basket

Login

Login

Register

It's look like you're leaving us

What would you like us to do with the funds you've selected

Show me all my options Forget them Save them
Customise this table
You are here: Announcement

Friday 09 March, 2012


RNS Number : 0967Z
Artemis Alpha Trust PLC
09 March 2012
 



Artemis Alpha Trust plc (the "Company")

Interim management statement - 3 months ended 31 January 2012

 

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 January 2012, 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 half-year ended 31 October 2011 during the period, including the declaration of a first interim dividend for the year to 30 April 2012 of 1.20p per ordinary share. This dividend was paid on 3 February 2012.

 

During the period, the Company has purchased 60,000 ordinary shares at an average discount of 9%. All shares repurchased are currently being held in treasury. Since the period end, the Company has purchased a further 100,000 ordinary shares at an average discount of 6.1%. As at 8 March 2012, the net asset value per share was 289.63p per share, and the share price was 273.88p. The discount to net asset value at which the Company's shares trade was 5.4%. In the period, 3,882 subscription shares were converted into ordinary shares at the conversion price of 345.0p per share.

 

 

 

General financial information

 


31 January 2012

31 October 2011

Net asset value

275.05p

271.56p

Share price

254.50p

267.25p

Net assets

£133.8m

£132.2m

Market capitalisation

£123.8m

£130.1m




Ordinary shares in issue

48,634,470

48,690,588

Ordinary shares in treasury

210,000

150,000

Subscription shares in issue

6,867,134

6,871,010

 

Ten largest equity investments

 

Investment

% of portfolio

31 January 2012

% of portfolio

31 October 2011

Hurricane Exploration

8.3%

8.6%

Vostok Energy

5.5%

5.6%

Lynton Holding Asia

3.9%

4.2%

New Britain Palm Oil

3.7%

3.3%

R.E.A. Holdings

2.6%

2.4%

Salamander Energy

2.6%

2.4%

Asian Plantations

2.6%

2.9%

Cove Energy

2.4%

1.7%

Providence Resources

2.4%

1.6%

Collins Stewart Hawkpoint

1.9%

-

 



 

Sector analysis

 

Sector

% of portfolio

31 January 2012

% of portfolio

31 October 2011

Oil & Gas Producers

34.2%

30.6%

Financial Services

11.9%

10.3%

Food Producers

10.2%

10.2%

Software & Computer Services

5.3%

4.9%

Aerospace & Defence

4.7%

6.0%

Mining

4.6%

4.8%

Travel & Leisure

3.8%

3.6%

Real Estate Investment & Services

3.6%

4.0%

General Retailers

3.2%

2.9%

Support Services

3.1%

5.0%

Other

15.4%

17.7%

 

Performance

 


3 months

1 year

3 years

Since 1 June 2003 **

Net Asset Value *

1.8%

(14.6)%

69.4%

323.5%

Share price *

(4.3)%

(19.7)%

69.2%

304.5%

FTSE All-Share Index

3.2%

(0.3)%

56.9%

99.9%

 

*Source: Artemis Investment Management LLP/Datastream. All figures are to 31 January 2012 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 artemisonline.co.uk.

 

Artemis Investment Management LLP

Company Secretary

Tel:  0131 225 7300 

9 March 2012


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IMSQKLFBLXFFBBE
 
  • Stay connected with FE trustnet
  • Authorised and Regulated by the
    Financial Conduct Authority
  • © Trustnet Limited . All Rights Reserved.
  • Please read our Terms of Use / Disclaimer
    and Privacy and Cookie Policy.
  • Data supplied in conjunction with Thomson Financial Limited,
    London Stock Exchange Plc, StructuredRetailProducts.com
    and ManorPark.com