We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Oxford Technology 2 Venture Capital Trust Plc | LSE:OXH | London | Ordinary Share | GB0003105052 | OT2 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% | 11.00 | 7.50 | 14.50 | 11.00 | 11.00 | 11.00 | 0.00 | 08:00:02 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trust,ex Ed,religious,charty | -1.63M | -1.88M | -0.0674 | -1.63 | 3.06M |
TIDMOXH Oxford Technology 2 Venture Capital Trust PLC Interim Statement For the period 1 March 2015 to 31 August 2015 Financial Headlines Interim Period Ended Year Ended 31 August 2015 28 February 2015 Net Assets at Period End GBP2.05m GBP1.89m Net Asset Value per Share 30.1p 27.8p Cumulative Dividend 10.5p 10.5p Total NAV Return 40.6p 38.3p Share Price (mid market) 20.0p 11.0p Earnings per Share 2.3p 1.4p Statement on behalf of the Board I am pleased to present my first report to shareholders, having taken over the Chairmanship from Michael O'Regan in July. Neither Michael nor Lucius Cary stood for re-election as Directors at the AGM. I would like to thank them both for all their hard work on behalf of shareholders since the formation of the Company in 2000. It has been a busy six months for the VCT with a number of changes announced with our annual results in June: reduced management fees, an escalation added to the threshold for the performance fee, and the introduction of a Common Board across the four Oxford Technology VCTs commensurate with the companies becoming 'self-managed'. Lucius Cary and his team continue to be involved with the portfolio as OT2 Managers Ltd (the Company's investment manager) sub-contracting services from Oxford Technology Management. OT2 is unlikely to be significantly affected by the changes proposed for the VCT industry as a result of the Budget announcements earlier in the year. The net asset value has increased by 8.3% (2.3p) from 27.8p at 28 February 2015 to 30.1p at 31 August 2015, primarily driven by continued improved trading at both Select Technology and Telegesis. The Company's assets remain dominated by OCR, which the Board believes still has growth potential. Full details of these investments are included in our Annual Report, and on the website. The ultimate success for OT2, and the potential for distributions in the future are likely to revolve around profitable exits from these investee companies. On behalf of the Board Richard Roth - Chairman Unaudited Financial Information Six months to Six months to Year to 31 Aug 15 31 Aug 14 28 Feb 15 Income Statement for the Period GBP'000 GBP'000 GBP'000 (Loss)/gain on disposal of assets held at fair value - - - Unrealised gain/(loss) on fair value of investments 187 92 157 Expenses (32) (34) (58) Profit/(loss) on ordinary activities _____ _____ _____ before tax 155 58 99 Tax on profit/(loss) on ordinary activities - - - _____ _____ _____ Profit/(loss) on ordinary activities after tax 155 58 99 _____ _____ _____ Earnings per Share 2.3p 0.9p 1.4p _____ _____ _____ Statement of Changes in Equity for the Period Six months to Six months to Year to 31 Aug 15 31 Aug 14 28 Feb 15 GBP'000 GBP'000 GBP'000 Shareholders' funds at the start of period 1,890 1,791 1,791 Return on ordinary activities after tax 155 58 99 _____ _____ _____ Shareholders' funds at the end of period 2,045 1,849 1,890 _____ _____ _____ 31 Aug 15 31 Aug 14 28 Feb 15 Summarised Balance Sheet GBP'000 GBP'000 GBP'000 Investments held at fair value 1,907 1,569 1,720 Net current assets 165 329 205 Creditors: amounts falling due > 1 year (27) (49) (35) _____ _____ _____ Net assets 2,045 1,849 1,890 _____ _____ _____ Capital and Reserves Called up share capital 679 679 679 Share premium 376 376 376 Profit and loss account 0 56 32 Revaluation reserve 990 738 803 _____ _____ _____ Shareholders' funds 2,045 1,849 1,890 _____ _____ _____ Net asset value per share 30.1p 27.2p 27.8p _____ _____ _____ Cash Flow Statement for the Period Six months to Six months to Year to 31 Aug 15 31 Aug 14 28 Feb 15 GBP'000 GBP'000 GBP'000 Net cash inflow/(outflow) from operating activities (53) (39) (53) Financial investment Purchase of investments - - (86) Disposal of investments - - - _____ _____ _____ Increase/(decrease) in cash (53) (39) (139) _____ _____ _____ Oxford Technology 2 Venture Capital Trust Plc Summary of Investment Portfolio as at 31 August 2015 Net cost of investment Valuation Valuation movement % of portfolio Company GBP000's GBP000's GBP000's by value OC Robotics 311 860 - 45.1% Select Technology 132 348 111 18.3% Telegesis 8 299 86 15.7% Plasma Antennas 188 189 - 9.9% Orthogem 304 62 - 3.3% Other Investments 1,072 149 (10) 7.7% Total Investments 2,015 1,907 187 100% Other Net Assets 138 Net Assets 2,045 Notes to the Unaudited Financial Information 1 The unaudited financial information for the six months to 31 August 2015 has been prepared in accordance with Financial Reporting Standard 104 "Interim Financial Reporting" and in accordance with the accounting policies and principles that will be adopted in the next financial statements which are to be prepared under Financial Reporting Standard 102 for the first time. No restatement of prior periods has been necessary. The unaudited financial information for the six months to 31 August 2015 does not constitute statutory accounts within the meaning of Section 415 of the Companies Act 2006. The comparative figures for the year ended 28 February 2015 have been extracted from the audited financial statements for that year, which have been delivered to the Registrar of Companies. The independent auditor's report on those financial statements was unqualified. 2 The calculation of earnings per share for the period is based on the return attributable to shareholders divided by the weighted average number of shares in issue during the period. 3 Listed investments are stated at market value based upon bid prices at the accounting period end. The unrealised depreciation or appreciation on the valuation of investments are dealt with in the revaluation reserve. 4 Copies of the Interim Statement have been made available to shareholders and further copies can be obtained from the Company's Registered Office. Board Directors : Richard Roth, Robin Goodfellow, David Livesley and Alex Starling Investment Manager : OT2 Managers Ltd with services contracted to Oxford Technology Management Ltd This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Oxford Technology 2 VCT plc via Globenewswire HUG#1961829 http://www.oxfordtechnology.com
(END) Dow Jones Newswires
October 28, 2015 03:01 ET (07:01 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
1 Year Oxford Technology 2 Vent... Chart |
1 Month Oxford Technology 2 Vent... 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