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 |
---|---|---|---|---|---|
Albion Venture Capital Trust Plc | LSE:AAVC | London | Ordinary Share | GB0002039625 | 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% | 43.20 | 42.20 | 44.20 | 43.20 | 43.20 | 43.20 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trust,ex Ed,religious,charty | 1.78M | 125k | 0.0009 | 480.00 | 60.25M |
TIDMAAVC ALBION VENTURE CAPITAL TRUST PLC LEI Code: 213800JKELS32V2OK421 Interim Management Statement Introduction I am pleased to present Albion Venture Capital Trust PLC (the "Company")'s interim management statement for the period from 1 October 2017 to 31 December 2017. Performance and dividends The Company's unaudited net asset value (NAV) as at 31 December 2017 was GBP64.9 million or 74.5 pence per share (excluding treasury shares), an increase of 0.4 pence per share (0.5 per cent.) since 30 September 2017. After accounting for the dividend of 2.5 pence per share paid on 31 January 2018 to shareholders on the register on 5 January 2018, the NAV is 72.0 pence per share. Portfolio The following investments have been made during the period from 1 October 2017 to 31 December 2017: Name GBP'000 Activity Beddlestead Limited 940 Developer and operator of a dedicated wedding venue (existing in the UK. investment) Women's Health 750 Developer and operator of a women's health centre (London West One) of excellence focussing on fertility. Limited (new investment) G.Network 254 Ultra-fast fibre optic broadband provider in central Communications London. Limited (existing investment) Top ten holdings (as at 31 December 2017) Investment Carrying value % of Activity GBP000's net asset value Shinfield 10,745 16.6% Owns and operates a 66 bed care home in Shinfield, Lodge Care Berkshire. Limited Active 6,958 10.7% Owns and operates a 75 bed care home in Cumnor Hill, Lives Care Oxfordshire. Limited Kew Green 6,932 10.7% Operator of a Holiday Inn Express hotel at Stansted VCT Airport. (Stansted) Limited Ryefield 5,867 9.0% Owns and operates a 60 bed care home in Hillingdon, Court Care Middlesex. Limited Radnor 4,802 7.4% Independent schools for children aged 5-18. House School (Holdings) Limited Chonais 3,854 5.9% Owner and operator of a 2 MW hydro-power scheme in River the Scottish Highlands. Hydro Limited TCHH 3,252 5.0% Former owner and operator of The Crown Hotel in Limited Harrogate. The 2,094 3.2% Boutique hotel located near Heathrow Terminal 5. Stanwell Hotel Limited Earnside 1,616 2.5% Anaerobic digestion and composting plant located in Energy Scotland. Limited Gharagain 1,558 2.4% Owner and operator of a 1 MW hydroelectricity plant River in Western Scotland. Hydro Limited A full breakdown of the Company's portfolio can be found on the Company's webpage on the Manager's website at www.albion.capital/funds/AAVC. Share buy-backs During the period from 1 October 2017 to 31 December 2017, the Company purchased 140,000 shares at an average price of 68.68 pence per share. These shares will be held in treasury. Patient Capital Review As reported in the Half-yearly Financial Report, recent VCT legislation has led your Board and the Manager to conclude that a purely asset-based investment policy will not be practicable for the longer term, and will be making proposals to shareholders in due course. Material events and transactions after the period end Portfolio After the period end, the Company had the following material investment transactions: -- Proceeds of GBP3,262,000 from the sale of The Crown Hotel in Harrogate. Share issues Under the terms of the dividend reinvestment scheme, the following new Ordinary shares of nominal value 1 penny each were allotted after 31 December 2017: Number of Issue price per shares Nominal Value share (including Net invested Date issued GBP'000 costs of issue) GBP'000 31 January 2018 418,126 4 71.6p 297 Share price The closing mid market price for the shares on 12 March 2018 was 69 pence per share, a 4.2% per cent. discount to the net asset value at 31 December 2017 of 72.0 pence per share (after accounting for the 2.5 pence per share dividend paid on 31 January 2018). Share buy-backs During the period from 31 December 2017 to 13 March 2018, the Company purchased 727,000 shares at an average price of 68.68 pence per share. These shares will be held in treasury. Material events and transactions There have been no further significant events or transactions that the Board is aware of which would have a material impact on the financial position of the Company between 1 October 2017 to 13 March 2018. Further information regarding historic and current financial performance and other useful shareholder information can be found on the Company's webpage on the Manager's website at www.albion.capital/funds/AAVC. David Watkins, Chairman 13 March 2018 For further information please contact: Albion Capital Group LLP, Company Secretary - Tel: 020 7601 1850 This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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: Albion Venture Capital Trust PLC via Globenewswire http://www.closeventures.co.uk
(END) Dow Jones Newswires
March 13, 2018 10:09 ET (14:09 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
1 Year Albion Venture Capital Chart |
1 Month Albion Venture Capital 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