We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Allianz DR 10 | LSE:AZD | London | Ordinary Share | GB0002781754 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 116.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
Hot Features
Premium
TIDMAZD
RNS Number : 4659V
Allianz Dresdner End Pol Tst 2010
02 November 2010
Allianz Dresdner Endowment Policy Trust 2010 PLC
Interim Management Statement
For the quarter ending 30th September 2010
This interim management statement relates to the quarter from 1st July 2010 to
30th September 2010 and contains information for that period unless otherwise
stated. This statement is produced to provide information in accordance with DTR
Rule 4.3.
Investment objective
The Company's objective is to invest in mid-term with-profits endowment policies
to provide capital growth over its planned life to December 2010.
Basis of valuation
The Board has determined that, in the absence of sufficient recent transactional
data, the most appropriate basis of valuation is that of estimated surrender
value.
Projected final net asset values
The Company publishes projected final net asset values on a regular basis. These
projections have been based both on current bonus rate levels and, in order to
give a measure of the sensitivity of the projected final net asset value to
changes in bonus rates on 150%,100%,and 50% of current bonus rates and no
further bonuses. Projected final net asset values as at 30th September 2010
are:
Projected final net asset values at 31st December 2010:
+------------------------------+--------+
| Assuming 150% of current | 120.6p |
| bonus rates: | |
+------------------------------+--------+
| Assuming 100% of current | 119.3p |
| bonus rates: | |
+------------------------------+--------+
| Assuming 50% of current | 118.0p |
| bonus rates: | |
+------------------------------+--------+
| Assuming no further bonuses: | 116.7p |
+------------------------------+--------+
Projected final net asset values are calculated using the principal bases
and assumptions set out in the Annual Report which, inter alia, assume no
further death claims or demutualisation benefits are received and no further
purchases or disposals of policies are made. They have been calculated after
deduction of estimated future expenses including a provision of GBP100,000 for
winding up costs. Interest rates over the Company's life are assumed to be
consistent with the shape of the swap yield curve at 30th September 2010. These
illustrations are given to provide an indication of the sensitivity of the
projected final net asset value to bonus rate changes. They should not be taken
as forecasts of any particular degree of change in bonus rate levels.
Portfolio
Seventeen largest holdings by life office at 30th September 2010
+---------------------------------+----------+----------+----------+-------------+
| Life Office | | Value of Policies |
+---------------------------------+----------+-----------------------------------+
| | | GBP'000s | | % of |
| | | | | Total |
| | | | | Investments |
+---------------------------------+----------+----------+----------+-------------+
| | | | | |
+---------------------------------+----------+----------+----------+-------------+
| Standard Life | | 2,346 | | 21.6 |
+---------------------------------+----------+----------+----------+-------------+
| Legal & General | | 930 | | 8.6 |
+---------------------------------+----------+----------+----------+-------------+
| Scottish Provident | | 692 | | 6.4 |
+---------------------------------+----------+----------+----------+-------------+
| Friends Provident | | 195 | | 1.8 |
+---------------------------------+----------+----------+----------+-------------+
| Scottish Widows | | 184 | | 1.7 |
+---------------------------------+----------+----------+----------+-------------+
| Scottish Life | | 106 | | 1.0 |
+---------------------------------+----------+----------+----------+-------------+
| Colonial Mutual | | 91 | | 0.8 |
+---------------------------------+----------+----------+----------+-------------+
| Prudential (Scottish Amicable) | | 71 | | 0.7 |
+---------------------------------+----------+----------+----------+-------------+
| National Mutual | | 66 | | 0.6 |
+---------------------------------+----------+----------+----------+-------------+
| Royal & Sun Alliance (Royal | | 63 | | 0.6 |
| Life) | | | | |
+---------------------------------+----------+----------+----------+-------------+
| AVIVA (Norwich Union) | | 61 | | 0.6 |
+---------------------------------+----------+----------+----------+-------------+
| Clerical Medical | | 60 | | 0.6 |
+---------------------------------+----------+----------+----------+-------------+
| Prudential | | 54 | | 0.5 |
+---------------------------------+----------+----------+----------+-------------+
| AVIVA (Commercial Union) | | 34 | | 0.3 |
+---------------------------------+----------+----------+----------+-------------+
| Swiss Pioneer Life (formerly | | 22 | | 0.2 |
| Pioneer Mutual) | | | | |
+---------------------------------+----------+----------+----------+-------------+
| AVIVA (Provident Mutual) | | 20 | | 0.2 |
+---------------------------------+----------+----------+----------+-------------+
| Sun Life of Canada | | 10 | | 0.1 |
+---------------------------------+----------+----------+----------+-------------+
| Total holdings of endowment | | 5,005 | | 46.3 |
| policies | | | | |
+---------------------------------+----------+----------+----------+-------------+
| | | | | |
+---------------------------------+----------+----------+----------+-------------+
| Fixed Interest Holdings | | | | |
+---------------------------------+----------+----------+----------+-------------+
| EIB 5.5% Bd 07.12.11 | | 524 | | 4.8 |
+---------------------------------+----------+----------+----------+-------------+
| EIB 4.25% Bd 07.12.10 | | 784 | | 7.2 |
+---------------------------------+----------+----------+----------+-------------+
| UK Govt 6.25% 25.11.10 | | 4,536 | | 41.7 |
+---------------------------------+----------+----------+----------+-------------+
| Total Fixed Interest Holdings | | 5,844 | | 53.7 |
+---------------------------------+----------+----------+----------+-------------+
| | | | | |
+---------------------------------+----------+----------+----------+-------------+
| Total Investments | | 10,849 | | 100.0 |
+---------------------------------+----------+----------+----------+-------------+
The above figures exclude the cash balances at 30th September 2010 of
GBP15,628,889.
Material events and transactions
There were no changes to the Company's share capital over the period or from
30th September 2010 to date.
Financial Performance to 30th September 2010
+------------+--------+--------+--------+--------+-------+
| | % change |
+------------+-------------------------------------------+
| | 3m | 6m | 1yr | 3yr | 5yrs |
+------------+--------+--------+--------+--------+-------+
| Share | 2.44 | 4.52 | 8.45 | 8.03 | 34.33 |
| price | | | | | |
+------------+--------+--------+--------+--------+-------+
| Net Asset | 0.49 | 1.25 | 5.86 | -6.89 | 13.32 |
| Value | | | | | |
+------------+--------+--------+--------+--------+-------+
| Benchmark* | 13.76 | -0.60 | 11.84 | -3.45 | 21.85 |
+------------+--------+--------+--------+--------+-------+
Source: Datastream
Total return with net dividends reinvested and net of fees.
* FTSE 100 Total Return
Financial position at 30th September 2010
+--------------------+---------------+
| | 30th |
| | September |
+--------------------+---------------+
| Net assets | GBP26,706,341 |
+--------------------+---------------+
| Share price | 115.5p |
+--------------------+---------------+
| Net asset value1 | 119.6p |
+--------------------+---------------+
| Discount2 | 3.4% |
+--------------------+---------------+
| Gearing 3 | 0% |
+--------------------+---------------+
1 Net asset values are calculated and announced quarterly.
2 The discount is the difference between the share price and the NAV (debt at
book value) per share expressed as a percentage of the NAV per share.
3 Actual gearing - net of cash and fixed interest.
Company Information
+--------------------+----------------------------------------+
| Launch date | 1998 |
+--------------------+----------------------------------------+
| EPIC | AZD |
+--------------------+----------------------------------------+
| Year end | 30 June |
+--------------------+----------------------------------------+
| Report and | Final posted September, Interim posted |
| Accounts | February |
+--------------------+----------------------------------------+
| AGM | November |
+--------------------+----------------------------------------+
| Price Information | Financial Times, The Daily Telegraph, |
| | www.rcm.com/investmenttrusts |
+--------------------+----------------------------------------+
Investor information
Further up to date information, including Net Asset Values and share prices, and
the latest available factsheets and portfolio information, is provided on the
Managers' website, which can be accessed via www.rcm.com/investmenttrusts.
Investor Services can be contacted on 020 7065 1407 and information can also be
obtained from the Managers' helpline on 0800 317 573.
By order of the Board
Allianz Dresdner Endowment Policy Trust 2010 PLC
155 Bishopsgate
London EC2M 3AD
2nd November 2010
This information is provided by RNS
The company news service from the London Stock Exchange
END
IMSUGGPGGUPUGPP
1 Year Allianz Dres Rcm End Pol Tst10pl Chart |
1 Month Allianz Dres Rcm End Pol Tst10pl Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
