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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Octopus Pro 2 | LSE:OPV | London | Ordinary Share | GB00B39XCB54 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 81.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMOPV Octopus Protected VCT 2 PLC Interim Management Statement 18 November 2009 In accordance with Rule 4.3 of the UK Listing Authority's Disclosure and Transparency rules, Octopus Protected VCT 2 plc ("Protected 2" or "Fund") presents an Interim Management Statement for the period 1 August 2009 to 31 October 2009. The statement also includes relevant financial information between the end of the period and the date of this statement. Financial Summary +-------------------------------------------------------------------+ | | Three months | | | | | to | | | | | 31 October | Six months to | Period to 31 | | | 2009 | 31 July 2009 | January 2009 | |---------------------+--------------+---------------+--------------| | Net assets (000s) | GBP10,669 | GBP10,771 | GBP2,087 | |---------------------+--------------+---------------+--------------| | Net loss before tax | | | | | (000s) | GBP(236) | GBP(153) | GBP(84) | |---------------------+--------------+---------------+--------------| | Net asset value per | | | | | share ("NAV") | 91.7p | 92.5p | 90.8p | +-------------------------------------------------------------------+ Investment performance At 31 October 2009 the NAV of the Fund was 91.7p, which compares to 92.5p at 31 July 2009. The performance of the Fund has been relatively stable in the period under review, due to a large proportion of its assets being held in cash and cash equivalent securities. Investment valuations remain unchanged at the period end. During the period under review no new investments or disposals were made. Unquoted Qualifying Equity Investment Portfolio by Value +-------------------------------------------------------------------+ | | | Carrying | % of Net | | Company | Sector | value GBP'000 | Assets | |---------------------+--------------------+-------------+----------| | PubCo Services | | | | | Limited | Restaurants & Pubs | 600 | 5.6% | |---------------------+--------------------+-------------+----------| | GreenCo Services | | | | | Limited | Environmental | 600 | 5.6% | |---------------------+--------------------+-------------+----------| | BusinessCo Services | | | | | Limited | Business Services | 600 | 5.6% | |---------------------+--------------------+-------------+----------| | Salus Services I | | | | | Limited | Healthcare | 600 | 5.6% | |---------------------+--------------------+-------------+----------| | Diagnos Limited | Automotive | 350 | 3.3% | |---------------------+--------------------+-------------+----------| | Dualcom Holdings | | | | | Limited | Security Devices | 250 | 2.3% | +-------------------------------------------------------------------+ Investment strategy The Fund is being invested on the basis of taking lower risk than a typical VCT. The Fund aims to receive its return from interest paid on secured loan notes as well as an exposure to the value of the shares of a company. The investment strategy is to derive sufficient return from the secured loan notes to achieve the Fund's investment aims and to use any equity exposure to boost returns. As portfolio companies are unquoted the Fund will receive a return from an equity holding when a company is sold. The Manager of the Fund aims to reduce risk by investing in well managed and profitable businesses with strong recurring cash-flows. Furthermore with the majority of the investment being in the form of a secured loan, in the unlikely event of the business failing, the Fund will rank ahead of unsecured creditors and equity investors. Material events and transactions The Fund's Board is not aware of any other significant event or transaction which has occurred between the 1 August 2009 and the date of publication of this statement which would have a material impact on the financial position on the Fund. For further information please contact: Stuart Nicol - Fund Manager Octopus Investments Limited - 0800 316 2347 ENDS =--END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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