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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| M&G High | LSE:MGHI | London | Ordinary Share | GB0005532816 | INC SHS 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 53.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
Hot Features
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RNS Number:6181R
M&G High Income Inv Tst PLC
03 November 2003
INTERIM ANNOUNCEMENT: DECLARATION OF INTERIM DIVIDEND
Dividend
M&G High Income Investment Trust P.L.C. announces that at a meeting of the Board
of Directors held today, it was resolved to declare a first interim dividend of
1.025p (2002 : 1.025p) per Income Share, in respect of the year ending 31 May
2004, to be paid on 25 November 2003 to Income Shareholders on the register at
the close of business on 14 November 2003. The ex dividend date is 12 November
2003.
The dividend will also be payable to holders of Income & Growth Units and
Package Units.
Statement of total return (unaudited)
(incorporating the revenue account)
Three months to 31 August 2003 2002
Revenue Capital Total Revenue Capital Total
#000 #000 #000 #000 #000 #000
------------------ ------ ------ ------ ------ ------ ------
Gains / (losses) - 2,123 2,123 - (7,679) (7,679)
on investments
Income 837 - 837 788 - 788
Investment (55) (111) (166) (58) (118) (176)
management fee
Other expenses (22) - (22) (31) - (31)
------------------ ------ ------ ------ ------ ------ ------
Return on ordinary 760 2,012 2,772 699 (7,797) (7,098)
activities before
tax
Tax on ordinary - - - (27) 27 -
activities
------------------ ------ ------ ------ ------ ------ ------
Return on ordinary 760 2,012 2,772 672 (7,770) (7,098)
activities after
tax
Appropriations for - (443) (443) - (410) (410)
premiums payable
on redemption
Dividends (551) - (551) (552) - (552)
(non-equity)
------------------ ------ ------ ------ ------ ------ ------
Transfer to/(from) 209 1,569 1,778 120 (8,180) (8,060)
reserves
---------
------ ------ ------ ------ ------ ------
Earnings per 1.41p 1.25p
Income Share
--------- ------ ------ ------ ------ ------ ------
The revenue column of this statement is the profit and loss account of the
Company.
All the items dealt with in arriving at revenue on ordinary activities before
tax for 2003 relate to continuing activities.
Balance sheet (unaudited)
As at 31 August 2003 2002
#000 #000
---------------------- ------------ ------------
Employment of capital
Fixed assets
Investments 56,306 54,634
Current assets
Debtors 641 721
Cash at bank 587 509
---------------------- ------------ ------------
1,228 1,230
Creditors: Amounts falling due (650) (588)
within one year
---------------------- ------------ ------------
Net current assets 578 642
---------------------- ------------ ------------
Net assets 56,884 55,276
---------------------- ------------ ------------
Capital and reserves
Called up share capital 1,613 1,616
Capital redemption reserve 15,549 15,546
Zero Dividend Preference Share 8,348 6,640
appropriation reserve
Special reserve 37,372 37,460
Capital reserves - realised (5,798) (3,063)
- unrealised (617) (3,218)
Revenue reserve 417 295
---------------------- ------------ ------------
Shareholders' funds (all 56,884 55,276
non-equity)
---------------------- ------------ ------------
Asset value per Zero Dividend 35.97p 32.70p
Preference Share
Asset value per Income Share 70.88p 70.97p
Asset value per Capital Share 0.00p 0.00p
Asset value per Income & Growth 70.88p 70.97p
Unit
Asset value per Package Unit 106.85p 103.67p
Cash flow statement
(unaudited)
Three months to 31 August 2003 2002
#000 #000 #000 #000
---------------------- ------ ------ ------ ------
Net cash inflow from 392 327
operating activities
Servicing of finance
Dividends paid (non-equity) (887) (848)
Investment activities
Purchase of investments (2,078) (987)
Sale of investments 2,449 1,603
------ ------
Net cash inflow from 371 616
investing activities
---------------------- ------ ------
(Decrease) / increase in (124) 95
cash
---------------------- ------ ------
Investment portfolio
As at 31 August 2003
Holding Value % net
#000 assets
Mining 1.64
100,000 Lonmin 932 1.64
Oil & gas 7.30
400,000 BP 1,728 3.04
200,000 Hunting 232 0.41
550,000 Shell Transport & Trading (Redg.) 2,192 3.85
Chemicals 1.14
75,000 BOC Group 650 1.14
Construction & building materials 6.08
250,000 Barratt Developments 1,291 2.27
150,000 BPB 482 0.85
500,000 Crest Nicholson 5.5% Cnv. Red. Pref. 495 0.87
125,000 Persimmon 710 1.25
350,000 Pilkington 311 0.55
30,000 RMC Group 166 0.29
Aerospace & defence 0.89
200,000 Meggitt 434 0.76
43,790 Rolls Royce 74 0.13
Engineering & machinery 2.71
125,000 IMI 415 0.73
125,000 Rotork 453 0.80
100,000 Tomkins 263 0.46
100,000 Vitec Group 412 0.72
Automobiles & parts 0.46
100,000 GKN 264 0.46
Beverages 1.29
25,000 Diageo 170 0.30
150,000 Scottish & Newcastle 562 0.99
Food producers & processors 1.49
100,000 Tate & Lyle 358 0.63
95,000 Unilever 488 0.86
Pharmaceuticals & biotechnology 2.99
140,000 GlaxoSmithKline 1,700 2.99
Tobacco 2.63
50,000 British American Tobacco 321 0.56
175,000 Gallaher 977 1.72
20,000 Imperial Tobacco 197 0.35
General retailers 5.47
40,000 Boots Group 265 0.46
40,000 Carpetright 302 0.53
63,049 Debenhams 272 0.48
300,000 Dixons 417 0.73
325,000 Findel 1,025 1.80
45,000 GUS 308 0.54
150,000 Smith W.H. 527 0.93
Leisure & hotels 4.77
75,000 Intercontinental Hotels 366 0.64
148,305 Mitchells & Butlers 369 0.65
150,000 Rank Group 427 0.75
615,000 Rank Group Cnv. Cum. Pref. 618 1.09
150,000 William Hill 466 0.82
65,000 Wolverhampton & Dudley 469 0.82
Media & entertainment 1.81
400,000 Carlton Communications 6.5p (n) Cnv. 376 0.66
Pref. 2010
125,000 Trinity Mirror 655 1.15
Support services 2.21
60,000 Davis Service Group 250 0.44
75,000 Electrocomponents 284 0.50
120,000 RAC 721 1.27
Transport 4.98
250,000 Arriva 941 1.65
125,000 BBA Group 315 0.55
150,000 FirstGroup 430 0.76
80,000 Mersey Docks & Harbour 441 0.77
100,000 Peninsular & Oriental Steam Nav. Dfd. 257 0.45
225,000.00 Wincanton 453 0.80
Food & drug retailers 1.04
75,000 Safeway 213 0.37
140,000 Sainsbury (J) 384 0.67
Telecommunication services 3.29
250,000 BT Group 463 0.81
300,000 Vodafone (MSDW) 6.5% PERQ 2004 364 0.64
900,000 Vodafone Group 1,046 1.84
Electricity 2.05
100,000 Scottish & Southern Energy 628 1.10
150,000 Scottish Power 543 0.95
Utilities-other 5.67
300,000 Kelda Group 1,226 2.15
75,000 National Grid Transco 293 0.52
300,000 Northumbrian Water 328 0.58
114,430 Pennon 666 1.17
70,000 Severn Trent 448 0.79
27,777 United Utilities (nil paid 17/09/03) 30 0.05
50,000 United Utilities 233 0.41
Banks 11.12
70,000 Alliance & Leicester 615 1.08
360,000 Barclays 1,655 2.91
200,000 Bradford & Bingley 613 1.08
259,000 HSBC Hldgs. 2,103 3.70
325,000 Lloyds TSB Group 1,336 2.35
Life assurance 1.33
75,000 Britannic Group 197 0.35
250,000 Friends Provident 341 0.60
50,000 Prudential 219 0.38
Real estate 2.77
250,000 Brixton 605 1.06
25,000 Land Securities 214 0.38
500,000 Slough Estates 8.25p Cnv. Red. Pref. 758 1.33
Speciality & other finance 2.73
70,294 Close Brothers Group 529 0.93
92,038 Provident Financial 591 1.04
250,000 Singer & Friedlander Group 433 0.76
Information technology hardware 0.00
Software & computer services 0.27
90,000 Sage Group 152 0.27
Non convertible preference shares 10.28
1,500,000 Aviva 8.75% Cum. Irrd. Pref. 1,841 3.24
750,000 General Accident 8.875% Cum. Irrd. 909 1.60
Pref.
550,000 HBOS 9.75% Non-cum. Irrd. Pref. 836 1.47
400,000 National Westminster 9% Series 'A' 579 1.02
Non-cum. Pref.
1,250,000 Royal & Sun Alliance 7.375% Cum. Irrd. 1,106 1.94
Pref.
500,000 Standard Chartered 7.375% Non-cum. Irrd. 574 1.01
Pref.
Sterling corporate bonds 10.57
#300,000 Alliance & Leicester 8.75% Bds. 2006 334 0.59
#400,000 Assoc British Ports 6.625% Bds. 2008 419 0.74
#285,000 Austria (Republic of) 9% Bds. 2004 297 0.52
#698,000 Capital Shopping 6.875% Bds. 2013 673 1.18
#655,000 Carlsberg Finance 7% Bds. 2013 697 1.23
#700,000 DWR Cymru Financing 8.174% Bds. 2036 778 1.37
#1,500,000 HSBC 9.25% Var. Rate Bds. 2049 1,690 2.97
#255,000 London Merchant Securities 6.5% Bds. 259 0.46
2026
#211,000 National Westminster Bank 7.625% Bds. 238 0.42
2049
#499,000 Shaftesbury 8.5% 1st Mort. Deb. 2024 619 1.09
--------------------- ------ ------
Total investments 56,306 98.98
Net current assets 578 1.02
--------------------- ------ ------
Net assets 56,884 100.00
--------------------- ------ ------
J. P. McClelland
Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
END
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