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 |
---|---|---|---|---|---|
Abdn.Gwth.Opps | LSE:AGW | London | Ordinary Share | GB0031153769 | 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% | 57.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number : 1322Z Aberdeen Growth Opps VCT PLC 15 July 2008 Aberdeen Growth Opportunities VCT PLC Interim results for the six months ended 31 May 2008 Chairman's Statement I am pleased to report on a period of stable performance for your Company at a time when equity markets generally have been in a downward trend and prices are likely to remain volatile given the prevailing economic conditions. * Total Return on Ordinary Shares of 112.05p per share (pps) at period end, down 2.6% over the period * Total Return on C Shares of 103.4pps at period end, up 4.2% over the period * NAVs at period end of 97.8p per Ordinary Share and 99.2p per C Share * For the Ordinary Share pool, one further successful exit from an unlisted company during the period generating net gains of 1.6p per share Performance The Total Return per Ordinary Share at 31 May 2008 was 112.05pps, a decrease of 2.6% over the equivalent figure at November 2007, while for the C Share pool it was 103.4pps compared with 99.2pps at the end of November 2007, an increase of 4.2%. The Net Asset Value (NAV) per Ordinary share at 31 May 2008, after payment of the final dividend of 1.75p in respect of the year ended November 2007, was 97.8p compared with 102.6p at 30 November 2007. The NAV per C Share at 31 May 2008 was 99.2p after payment of the final dividend of 2.2p in respect of the year ended 30 November 2007 which compares with 97.2p at the year end. Dividend policy The Board is pursuing a dividend policy of targeting annual dividend payments of either 4p per Ordinary Share or 50% of the uplift in NAV, whichever is the greater, subject to maintaining the NAV at around 100p per share in the longer term and, of course, to the availability of distributable reserves. The Board believes that this policy, combined with continuing sound performance, should stimulate the secondary market in the Company's shares leading to a reduction in the current discount to NAV. It is proposed to merge the C Share portfolio with the Ordinary Shares early in 2009. The performance of the C Share portfolio is ahead of that of the Ordinary Share portfolio at the comparable stage in its development. The Company paid dividends totalling 4.75p to Ordinary Shareholders and 3.2p to C Shareholders in respect of the year ended 30 November 2007; this represents a yield of 5.9% and 5.3% on the Ordinary and C Shares respectively based on their net cost after initial tax relief. Based on the mid market price at 31 May 2008 the equivalent yield is 8.4% and 3.8%. The yield is tax free and is therefore equivalent to 11.2% and 5.1% from a listed equity for a higher rate taxpayer. Risks and uncertainties The Board has reviewed the principal risks and uncertainties facing the Company in the second half of its financial year; these are unchanged from those it faced at the start of the year, being the risks involved in investment in small and unquoted companies. The Company remains compliant with the regulations governing venture capital trusts. The Manager closely monitors the position of the Company to ensure that it complies with the various tests at all times. In order to reduce the exposure to investment risk, the Company has invested in a broadly-based portfolio of investments in unlisted and AIM quoted companies in the United Kingdom. VCT Qualifying Status The VCT qualifying status of your Company is reviewed regularly by your Board to ensure that the criteria for maintenance of VCT status are being met. The C Shares will convert into Ordinary Shares within the next year and I am pleased to confirm that will achieve the 70% threshold by November 2008 based on current qualifying levels and deals in the pipeline. Gregor Michie Chairman 15 July 2008 Investment Manager's Review Investment Activity During the period ended 31 May 2008 eight new unlisted and AIM investments were completed and a total of £3.9 million was invested, of which £1.1 million was from the Original pool and £2.8 million from the C Share pool. At the period end, the portfolio held 76 unlisted and AIM investments at a total cost of £18.2 million. Since 31 May 2008, one further new investment has been made at a cost of £572,000. The following investments have been completed during the period. Investment cost £'000 C Share Pool Original pool Investment Date Activity Website Unlisted Atlantic Foods Group Feb-08 Value-added food 75 447 www services supplier. atlanticfoods.co.uk MoneyPlus Group Dec-07 Provider of debt 25 450 www.moneyplusgroup. management services co.uk to individuals. PSCA International May-08 Producer of 32 - www.publicservice. publications aimed co.uk at public sector officials. TC Communications Holdings May-08 Marketing and 174 299 www. communications tccommunications.co. services agency. uk Training For Travel Group Apr-08 Provision of 298 423 No website available assessment, tuition and or training in travel services. Transys Holdings Dec-07 Provider of 249 398 www.transysprojects. engineering services ltd.uk to the rail industry. Total unlisted investment 853 2,017 AIM/PLUS Animalcare Group Jan-08 Markets and sells a - 245 www.animalcare.co.uk wide range of pharmaceutical and other premium products and services to vets and vet wholesalers. Betbrokers Mar-08 Provider of 110 110 www.betbrokers.com independent betting brokerage services. Essentially Group May-08 Provider of sports - 133 www. marketing, media essentiallygroup. management and com. professional services. OPG Power Ventures May-08 Develops, owns and 49 49 www.opgpower.org manages power generation plants in India. Plastics Capital Dec-07 Manufacturer of 74 281 www.plasticscapital. plastic components. com Total AIM/PLUS investment 233 818 Total 1,086 2,835 Aberdeen Growth Opportunities VCT has co-invested with Aberdeen Income and Growth VCT, Aberdeen Growth VCT I, Aberdeen Growth Opportunities VCT 2, Talisman First Venture Capital Trust, Gateway VCT and Guinness Flight Venture Capital Trust in some or all of the above transactions and is expected to continue to do so with these as well as other clients of the Manager. The advantage is that, together, the funds are able to underwrite a wider range and size of transaction than would be the case on a stand alone basis. Portfolio Developments There were two major transactions affecting the unlisted investment portfolio during the period. Lime Investments had been set up as an investment vehicle with an entrepreneur well known to Aberdeen Asset Managers to seek acquisitions in the food sector; however, none have been completed within the timescales allowed by the VCT legislation and the company repaid the amount invested in loan stock together with a commercial yield. The company is to be wound up, at which point the equity investment will be returned. Of more significance, the investment in PSCA International was sold realising £264,000 compared to the original cost of £138,000 resulting in a gain of £126,000. The total return on the investment amounted to 2.2 times the original cost including income received from the investment during the holding period. An amount of £32,000 has been deferred as a loan stock in the new investment vehicle, on which interest at a modest premium to base rate will be paid. In addition to these two transactions, Homelux Nenplas repaid part of its loan stock at par ahead of its repayment schedule, a deferred consideration was paid in respect of the sale of Patisserie (UK) and there was a modest recovery from the liquidation of Transrent Holdings. Since the period end, FFC, which is fully provided for in the attached financial statements, has gone into administration. The investment in ID Support Services Holdings has been sold at slightly above the holding value generating a return of about 1.8 times cost of £607,000 over the fifteen month holding period, which realised a capital gain of £369,000 equivalent to 1.6p per share. Conditions in the AIM market continued to be testing over the reporting period and there were few opportunities to trade the portfolio. However, net realised gains of £29,000 and £31,000 were generated during the period for the Original pool and the C Share pool respectively. The FTSE AIM All-share index decreased over the period by 2.6% and has now fallen by over 15% since May 2007; in comparison the performance of the Company's portfolio varied significantly with the Original pool showing a decline of 7.8% and the C Share pool an increase of 10.8% for the period. The reason for this divergence is related to the differences in the constituents of the two portfolios with the newer investments performing relatively better than the older holdings thus favouring the C Share pool. The underlying performance of the businesses in the AIM portfolio remains sound and is expected to remain so. It is anticipated that this will be reflected in positive share price movements when market conditions improve, although the timing is uncertain. Outlook The performance of the quoted markets generally has been volatile and these conditions may prevail for some time. Opportunities to invest in companies seeking to achieve an IPO on the AIM Market have therefore been limited and little change is expected in the short term. However, the portfolio is substantially invested in well managed private companies the underlying values of which remain sound notwithstanding fluctuations in the quoted markets and we will continue to seek opportunities for their profitable realisation. Investments realised Ordinary Share Pool C Share Pool Date first invested Complete/partial Cost of shares Sales proceeds Realised gain/(loss) Cost of shares Sales proceeds Realised gain/(loss) exit disposed of disposed of £'000 £'000 £'000 £'000 £'000 £'000 Unlisted Homelux Nenplas 2006 Partial 50 50 - - - - Lime Investments 2007 Partial 241 241 - 306 306 - Patisserie UK (Holdings) 2005 Complete 6 6 - - - - PSCA International 2002 Partial 138 264 126 - - - Transrent Holdings 2000 Partial 5 5 - - - - 440 566 126 306 306 - AIM Darwen Group 2007 Partial 17 38 21 26 57 31 Fountains 2004 Complete 55 63 8 - - - Others 19 19 - - - - 91 120 29 26 57 31 Total 531 686 155 332 363 31 Aberdeen Growth Opportunities VCT PLC Income Statement (unaudited) For the six months ended 31 May 2008 Ordinary Shares C Ordinary Shares Total Revenue Capital Total Revenue Capital Total Revenue Capital Total £'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000 (Losses)/gains on investments - (311) (311) - 559 559 - 248 248 Income from investments 179 - 179 340 - 340 519 - 519 Other income 13 - 13 14 - 14 27 - 27 Investment management fees (29) (118) (147) (44) (174) (218) (73) (292) (365) Other expenses (45) - (45) (60) - (60) (105) - (105) Net return/(loss) on ordinary 118 (429) (311) 250 385 635 368 (44) 324 activities before taxation Tax on ordinary activities (21) 34 13 (46) 33 (13) (67) 67 - Return/(loss) attributable to 97 (395) (298) 204 418 622 301 23 324 equity shareholders Earnings per ordinary share 0.99 (4.05 (3.06) 1.36 2.80 4.16 (pence) A Statement of Total Recognised Gains and Losses has not been prepared, as all gains and losses are recognised in the Income Statement. All items in the above statement are derived from continuing operations. The Company has only one class of business and derives its income from investments made in shares, securities and bank deposits. The total column of this Statement is the Profit and Loss Account of the Company. Reconciliation of Movements in Shareholders' Funds C Ordinary Shares Total Ordinary Shares £'000 £'000 £'000 Opening Shareholders' funds 10,001 14,538 24,539 Movements in the period Total (loss)/return for the period (298) 622 324 Dividends paid - revenue (171) (329) (500) Closing Shareholders' funds 9,532 14,831 24,363 Aberdeen Growth Opportunities VCT PLC Income statement For the six months ended 31 May 2007 (unaudited) Ordinary Shares C Ordinary Shares Total Revenue Total Revenue Capital Total Revenue Capital Total £'000 Capital £'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000 Gains on investments - 867 867 - 773 773 - 1,640 1,640 Income from investments 145 - 145 340 - 340 485 - 485 Other income 26 - 26 12 - 12 38 - 38 Investment management fees (30) (120) (150) (42) (167) (209) (72) (287) (359) Other expenses (45) - (45) (59) - (59) (104) - (104) Net return on ordinary 96 747 843 251 606 857 347 1,353 1,700 activities before taxation Tax on ordinary activities (11) 17 6 (44) 38 (6) (55) 55 - Return attributable to equity 85 764 849 207 644 851 292 1,408 1,700 shareholders Earnings per Ordinary Share 0.87 7.84 8.71 1.38 4.31 5.69 (pence) A Statement of Total Recognised Gains and Losses has not been prepared, as all gains and losses are recognised in the Income Statement. All items in the above statement are derived from continuing operations. The Company has only one class of business and derives its income from investments made in shares, securities and bank deposits. The total column of this Statement is the Profit and Loss Account of the Company. Reconciliation of Movements in Shareholders' Funds Ordinary Shares C Ordinary Shares Total £'000 £'000 £'000 Opening Shareholders' funds 10,210 14,362 24,572 Movements in the period: Total return for the period 849 851 1,700 Dividends paid - revenue (49) - (49) Dividends paid - capital (389) (150) (539) Closing Shareholders' funds 10,621 15,063 25,684 Aberdeen Growth Opportunities VCT PLC Income statement For the year ended 30 November 2007 (audited) Ordinary Shares C Ordinary Shares Total Revenue Total Revenue Capital Total Revenue Capital Total £'000 Capital £'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000 Gains on investments - 457 457 - 334 334 - 791 791 Income from investments 392 - 392 698 - 698 1,090 - 1,090 Other income 41 - 41 21 - 21 62 - 62 Investment management fees (59) (235) (294) (82) (331) (413) (141) (566) (707) Other expenses (102) - (102) (136) - (136) (238) - (238) Net return on ordinary 272 222 494 501 3 504 773 225 998 activities before taxation Tax on ordinary activities (48) 76 28 (91) 63 (28) (139) 139 - Return attributable to equity 224 298 522 410 66 476 634 364 998 shareholders Return per ordinary share 2.30 3.06 5.36 2.74 0.44 3.18 (pence) A Statement of Total Recognised Gains and Losses has not been prepared, as all gains and losses are recognised in the Income Statement. All items in the above statement are derived from continuing operations. The Company has only one class of business and derives its income from investments made in shares, securities and bank deposits. The total column of this Statement is the Profit and Loss Account of the Company. Reconciliation of Movements in Shareholders' Funds Ordinary Shares C Ordinary Shares Total £'000 £'000 £'000 Opening Shareholders' funds 10,210 14,362 24,572 Movements in the year Total return for the year 522 476 998 Dividends paid - revenue (49) (150) (199) Dividends paid - capital (682) (150) (832) Closing Shareholders' funds 10,001 14,538 24,539 Balance Sheet As at 31 May 2008 30 November 2007 (audited) Ordinary C Ordinary Shares Shares Total £'000 £'000 £'000 Fixed assets Investments 9,318 13,123 22,441 Current assets Debtors 263 256 519 Cash and overnight deposits 515 1,323 1,838 778 1,579 2,357 Creditors Amounts falling due within one year (95) (164) (259) Net current assets 683 1,415 2,098 Net Assets 10,001 14,538 24,539 Capital and reserves Called up share capital 974 1,495 2,469 Share premium 4,685 12,711 17,396 Distributable reserve 3,648 - 3,648 Capital redemption reserve 73 - 73 Capital reserves - realised 1,038 (411) 627 Capital reserves - unrealised (762) 274 (488) Revenue reserve 345 469 814 Equity Shareholders' funds 10,001 - 10,001 Rights of C Shareholders - 14,538 14,538 Equity Shareholders funds and 10,001 14,538 24,539 rights of C Shareholders 102.6 97.2 Cash Flow Statement For the six months ended 31 May 2008 Six months to Six months to Year ended 31 May 2008 31 May 2007 30 November 2007 (unaudited) (unaudited) (audited) Ordinary C Ordinary Ordinary C Ordinary Ordinary C Ordinary Shares Shares Total Shares Shares Total Shares Shares Total £'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000 Operating activities Investment income received 163 252 415 203 268 471 361 596 957 Deposit interest received 15 17 32 19 11 30 41 20 61 Investment management fees (129) (187) (316) (218) (310) (528) (297) (420) (717) paid Secretarial fees paid (16) (22) (38) (20) (30) (50) (28) (40) (68) Cash paid to and on behalf of (14) (19) (33) (15) (21) (36) (32) (45) (77) Directors Other cash payments (36) (44) (80) (19) (20) (39) (10) (71) (81) Net cash (outflow)/inflow (17) (3) (20) (50) (102) (152) 35 40 75 from operating activities Taxation Corporation tax 13 (13) - 7 (7) - 7 (7) - Financial investment Purchase of investments (1,808) (6,647) (8,455) (2,336) (5,516) (7,852) (4,638) (7,809) (12,447) Sale of investments 1,631 5,868 7,499 1,647 5,535 7,182 3,113 8,912 12,025 Net cash (outflow)/inflow (177) (779) (956) (689) 19 (670) (1,525) 1,103 (422) from financial investment Equity dividends paid (171) (329) (500) (438) (150) (588) (731) (300) (1,031) Net cash (outflow)/inflow (352) (1,124) (1,476) (1,170) (240) (1,410) (2,214) 836 (1,378) before financing (Decrease)/increase in cash (352) (1,124) (1,476) (1,170) (240) (1,410) (2,214) 836 (1,378) Notes to the Financial Statements 1. Accounting policies The financial information for the 6 months ended 31 May 2008 comprises non statutory accounts within the meaning of Section 240 of the Companies Act 1985. The financial information contained in this report has been prepared on the basis of the accounting policies set out in the Annual Report and Financial Statements for the year ended 30 November 2007. The results for the year ended 30 November 2007 are extracted from the full accounts for that year. 2. Statement of changes in equity Share Ordinary Shares Share premium Distributable capital account reserve £'000 £'000 £'000 At 30 November 2007 974 4,685 3,648 Gains on sale of investments - - - Movement in unrealised - - - depreciation Investment management fees - - - Tax effect of capital items - - - Dividends paid - - - Net return on ordinary - - - activities At 31 May 2008 974 4,685 3,648 Capital Capital Capital Ordinary Shares redemption reserve reserve Revenue reserve - realised - unrealised reserve Total £'000 £'000 £'000 £'000 £'000 At 30 November 2007 73 1,038 (762) 345 10,001 Gains on sale of investments - 39 - - 39 Movement in unrealised - - (350) - (350) depreciation Investment management fees - (118) - - (118) Tax effect of capital items - 34 - - 34 Dividends paid - - - (171) (171) Net return on ordinary - - - 97 97 activities At 31 May 2008 73 993 (1,112) 271 9,532 Share C Ordinary Shares Share premium Distributable capital account reserve £'000 £'000 £'000 At 30 November 2007 1,495 12,711 - Gains on sale of investments - - - Movement in unrealised - - - appreciation Investment management fees - - - Tax effect of capital items - - - Dividends paid - - - Net return on ordinary - - - activities At 31 May 2008 1,495 12,711 - Capital Capital Capital C Ordinary Shares redemption reserve reserve Revenue reserve - realised - unrealised reserve Total £'000 £'000 £'000 £'000 £'000 At 30 November 2007 - (411) 274 469 14,538 Gains on sale of investments - 16 - - 16 Movement in unrealised - - 543 - 543 appreciation Investment management fees - (174) - - (174) Tax effect of capital items - 33 - - 33 Dividends paid - - - (329) (329) Net return on ordinary - - - 204 204 activities At 31 May 2008 - (536) 817 344 14,831 3. Returns per Ordinary Share Ordinary Shares six months ended six months ended Year ended 31 May 2008 31 May 2007 30 £'000 £'000 November 2007 £'000 The return per Ordinary Share is based on the following figures: Revenue return 97 85 224 Capital return (395) 764 298 Total return (298) 849 522 Weighted average number of 9,744,243 9,744,243 9,744,243 Ordinary Shares in issue Revenue return per Ordinary 0.99p 0.87p 2.30p Share Capital return per Ordinary (4.05p) 7.84p 3.06p Share Return per Ordinary Share (3.06p) 8.71p 5.36p The Net Asset Value per Ordinary Share has been calculated using the number of shares in issue at 31 May 2008 of 9,744,243. C Ordinary Shares six months ended six months ended Year ended 31 May 2008 31 May 2007 30 £'000 £'000 November 2007 £'000 The return per C Ordinary Share is based on the following figures: Revenue return 240 207 410 Capital return 418 644 66 Total return 622 851 476 Weighted average number of 14,954,494 14,954,494 14,954,494 C Ordinary Shares in issue Revenue return per C Ordinary 1.36p 1.38p 2.74p Share Capital return per C Ordinary 2.80p 4.31p 0.44p Share Return per C Ordinary Share 4.16p 5.69p 3.18p The Net Asset Value per C Ordinary Share has been calculated using the number of shares in issue at 31 May 2008 of 14,954,494. A summary of investment changes for the period under review and an investment portfolio summary as at 31 May 2008 are set out below. The Interim Report and Financial Statements will be printed and sent to Shareholders. Copies of this announcement will be available to the public at the office of Aberdeen Asset Management PLC, 149 St Vincent Street, Glasgow and at the registered office of the Company, One Bow Churchyard, Cheapside, London. Investment Portfolio Summary As at 31 May 2008 Investment Ordinary Pool C Share Pool * Valuation Cost % of total assets Valuation Cost % of total assets % of equity held % of equity held by other clients* Unlisted ID Support Services Holdings 417 259 4.5 561 348 3.7 6.4 26.6 MoneyPlus Group 431 325 4.6 450 450 3.0 11.7 31.5 Funeral Services Partnership 348 348 3.8 497 497 3.4 6.1 24.0 Homelux Nenplas 319 149 3.4 439 205 3.0 8.1 38.5 Transys Holdings 285 249 3.0 457 398 3.1 7.5 65.7 Training For Travel Group 298 298 3.1 423 423 2.9 8.2 23.6 Martel Instruments Holdings 264 264 2.8 398 398 2.7 9.3 26.8 Camwatch 257 257 2.7 393 393 2.6 10.1 35.7 Oliver Kay Holdings 249 249 2.6 383 383 2.6 4.0 15.7 Steminic (trading as MS 223 223 2.3 338 338 2.3 9.6 38.8 Industrial Services) Energy Services Investment 149 149 1.6 398 398 2.7 20.9 71.5 Company Atlantic Foods Group 75 75 0.8 447 447 3.0 2.9 5.1 Cash Bases 500 250 5.3 - - - 8.3 20.2 Silkwater Holdings (trading as 182 149 1.9 304 249 2.0 5.4 15.8 Cyclotech) TC Communications Holdings 174 174 1.8 299 299 2.0 9.8 29.6 Adler & Allan Holdings 175 175 1.8 249 249 1.7 1.9 38.4 Countcar 90 7 0.9 135 10 0.9 5.7 23.3 Enpure Holdings 100 100 1.0 100 100 0.7 0.8 78.5 Palgrave Brown (Holdings) 148 57 1.6 - - - 1.2 50.4 Essential Viewing Systems 138 185 1.4 - - - 7.9 41.5 Driver Hire Investments Group 116 119 1.2 - - - 0.6 44.1 Buildstore 105 105 1.1 - - - 0.6 6.8 Llanllyr Water Company 100 100 1.0 - - - 7.5 42.4 Sanastro 98 275 1.0 - - - 3.5 9.6 IRW Systems 92 45 1.0 - - - 8.9 48.6 Lime Investments 33 33 0.3 42 42 0.3 23.8 69.3 PLM Dollar Group 50 50 0.5 - - - 0.6 30.3 PSCA International 32 32 0.3 - - - - - Others 60 1,496 0.6 118 140 0.8 Total unlisted 5,508 6,197 57.7 6,431 5,767 43.4 AIM/PLUS Concateno 201 124 2.1% 474 315 3.1% 0.8 Darwen Group 258 82 2.7 387 124 2.6 2.8 3.2 Melorio 121 98 1.3 363 296 2.4 1.2 Plastics Capital 68 74 0.7 258 281 1.7 1.3 1.6 Software Radio Technology 280 273 3.0 - - - 0.9 1.7 Axeon 268 197 2.8 - - - 0.9 2.8 Animalcare Group - - - 245 245 1.7 2.3 2.3 Craneware 91 61 1.0 141 93 1.0 0.8 1.2 Avanti Communications Group 228 151 2.4 - - - 0.3 1.1 Betbrokers 110 110 1.2 110 110 0.7 0.8 0.7 Essentially Group 35 49 0.4 165 182 1.1 1.1 1.6 Formation Group 76 64 0.8 99 83 0.7 0.4 0.5 Neuropharm Group 133 100 1.4 - - - 0.2 0.5 Hasgrove 79 73 0.8 53 49 0.4 0.5 1.3 DM - - - 131 126 0.9 0.6 0.8 Mount Engineering 118 112 1.2 52 49 0.4 1.0 1.4 Work Group 115 201 1.2 - - - 0.9 2.3 OPG Power Ventures 57 49 0.6 57 49 0.4 0.2 0.1 Datong 110 151 1.2 - - - 0.9 1.1 Brulines (Holdings) 68 63 0.7 35 32 0.2 0.3 0.8 Litcomp 52 81 0.5 45 71 0.3 4.9 2.0 Strategic Retail 96 117 1.0 - - - 0.3 3.7 Individual Restaurant Company 58 78 0.6 35 47 0.2 0.3 0.7 Tanfield Group 70 13 0.7 - - - - 0.1 St Helen's Capital 28 26 0.3 42 38 0.3 1.5 3.9 Neutrahealth 68 89 0.7 - - - 0.6 1.3 Cello Group 59 54 0.6 - - - 0.1 0.9 Managed Support Services 23 120 0.2 35 180 0.2 0.5 1.1 Hexagon Human Capital 55 72 0.6 - - - 0.2 0.5 Universe Group - - - 53 67 0.4 0.8 1.8 SDI Group 17 25 0.2 33 49 0.2 0.3 0.7 Tangent Communications 50 79 0.5 - - - 0.4 1.0 Smart Identity 24 25 0.3 24 25 0.2 1.4 4.5 Sport Media Group - - 43 138 0.3 0.5 0.6 Invocas 19 45 0.2 17 39 0.1 0.2 0.1 Gold Frost 28 130 0.3 - - - 0.7 0.7 Others 41 540 0.4 1 4 0.0 Total AIM/PLUS 3,104 3,526 32.6 2,898 2,692 19.5 Listed fixed income Treasury 4% 7/3/09 74 75 0.8 2,308 2,315 15.6 Treasury 5.75% 31/12/09 71 72 0.7 2,466 2,516 16.6 145 147 1.5 4,774 4,831 32.2 Total 8,757 9,870 91.8 14,103 13,290 95.1 *Other clients of the Aberdeen Asset Management Group. Aberdeen Growth Opportunities VCT PLC Summary of Investment Changes during the period For the six months ended 31 May 2008 Ordinary Shares Valuation Net investment/ Appreciation/ Valuation 30 November 2007 (disinvestment) (depreciation) 31 May 2008 £'000 % £'000 £'000 £'000 % Listed investments Fixed income 800 8.0 (649) (6) 145 1.5 AIM 3,163 31.6 113 (172) 3,104 32.6 Unlisted investments Equities 1,688 16.9 (94) 143 1,737 18.2 Preference shares 55 0.6 - - 56 0.6 Loan stocks 3,612 36.1 379 (276) 3,715 38.9 Total investments 9,318 93.2 (250) (311) 8,757 91.8 Net current assets 683 6.8 92 - 775 8.2 Net assets 10,001 100.0 (158) (311) 9,532 100.0 Aberdeen Growth Opportunities VCT PLC Summary of Investment Changes during the period For the six months ended 31 May 2008 C Ordinary Shares Valuation Net investment/ Appreciation/ Valuation 30 November 2007 (disinvestment) (depreciation) 31 May 2008 £'000 % £'000 £'000 £'000 % Listed investments Fixed income 6,804 46.8 (1,973) (57) 4,774 32.2 AIM 1,729 11.9 752 417 2,898 19.5 Unlisted investments Equities 846 5.8 216 343 1,405 9.5 Preference shares 52 0.4 3 - 55 0.4 Loan stocks 3,692 25.4 1,423 (144) 4,971 33.5 Total investments 13,123 90.3 421 559 14,103 95.1 Net current assets 1,415 9.7 (687) - 728 4.9 Net assets 14,538 100.0 (266) 559 14,831 100.0 Directors' Responsibility Statement We confirm that to the best of our knowledge: * The financial statements have been prepared in accordance with applicable accounting standards and with the Statement of Recommended Practice "Financial Statements of Investment Trust Companies" issued in December 2005; * The Interim Management Report includes a fair review of the information required by DTR 4.2.7R in relation to the indication of important events during the first six months, and of the principal risks and uncertainties facing the Company during the second six months of the year; and * The Interim Management Report includes adequate disclosure of the information required by DTR 4.2.8R in relation to related party transactions and any changes to them. By Order of the Board Aberdeen Asset Management PLC Secretaries 15 July 2008 This information is provided by RNS The company news service from the London Stock Exchange END IR EELFFVDBBBBE
1 Year Aberdeen Growth Opps Vct Chart |
1 Month Aberdeen Growth Opps Vct 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