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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Caledonia Investments Plc | LSE:CLDN | London | Ordinary Share | GB0001639920 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 5.00 | 0.14% | 3,475.00 | 3,460.00 | 3,480.00 | 3,475.00 | 3,460.00 | 3,460.00 | 13,988 | 16:29:08 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | 183M | 142.9M | 2.6117 | 13.31 | 1.9B |
From Apr 2019 to Apr 2024
TIDMCLDN
RNS Number : 3624K
Caledonia Investments PLC
06 July 2017
Caledonia Investments plc
Report for the quarter ended 30 June 2017
Caledonia is a self-managed investment trust company with net assets of GBP1.9bn. It aims to deliver growth in shareholder capital measured over the long term and in annual dividends. It invests in businesses and funds, both listed and private, in a range of sectors and regions.
Caledonia presents a report of its activities for the quarter ended 30 June 2017 and up to the date of publication.
Material events
Hot Features
Premium
o Over the quarter, NAV decreased marginally
to GBP1,897m from GBP1,899m. The NAV per
share total return for the quarter was
0.2%. Unquoted investments are revalued
in March and September. Consequently, the
NAV at 30 June 2017 did not include any
valuation adjustments to unquoted investments
in the past three months.
o Investments during the period totalled
GBP49.7m, including GBP30.7m in fund commitment
drawdowns.
o Realisations during the period totalled
GBP73.9m, including GBP50.6m from the sale
of part of the shareholding in Cobehold
(the holding company of Cobepa, the private
Belgian investment company) and GBP13.8m
from fund distributions.
o A final dividend of 39.9p per share was
proposed on 25 May 2017, an increase in
annual dividend of 4.2% over the previous
year. Subject to approval by shareholders
at the annual general meeting to be held
on 20 July 2017, the dividend, totalling
GBP21.9m, will be paid on 3 August 2017
to holders of ordinary shares on the register
on 7 July 2017. The ex-dividend date is
6 July 2017.
o A special dividend of 100.0p per share
was also proposed on 25 May 2017. Subject
to approval by shareholders at the forthcoming
annual general meeting, the dividend, totalling
GBP54.9m, will be paid in conjunction with
the final dividend.
o At the beginning of July 2017, Caledonia
increased its committed bank facilities
from GBP175m to GBP250m, to provide greater
flexibility in managing its short term
liquidity. Committed bank facilities were
undrawn.
Financial position and performance summary
At 30 Jun At 31 Mar
2017 2017
--------------- ------------------------ -----------------------
Net assets GBP1,897m GBP1,899m
NAV per share 3403p 3395p
Discount 13.2% 19.0%
--------------- ------------------------ -----------------------
1. NAVs per share are calculated on a diluted,
cum-income basis.
2. 30 June 2017 was the latest date on which
an NAV per share was prepared.
3. Caledonia reviews the valuation of its unquoted
investments in March and September.
At 30 June 2017, the company had cash of GBP231.8m, compared with GBP207.3m of cash at 31 March 2017.
Investment portfolio
Ten largest holdings as at 30 June 2017
30 Jun 31 Mar
2017 2017
Name Business GBPm GBPm
------------------ ---------------------- ------- -------
Gala Bingo Bingo operator 104.2 104.2
Cobehold Investment company 81.8 130.6
Seven Investment
Management Investment management 81.3 81.3
The Liberation
Group Pubs and restaurants 75.4 74.4
Residential
The Sloane Club club 61.4 61.4
Choice Care Group Care homes provider 54.6 54.6
British American
Tobacco Tobacco 46.8 47.3
AG Barr Soft drinks 46.1 47.4
Quoted market
NTAsset funds funds 43.4 42.3
Aberdeen US PE Private equity
funds funds 43.0 41.8
638.0 685.3
Other investments 989.3 970.6
Cash and other
items 270.1 242.9
------------------------------------------ ------- -------
Net assets 1,897.4 1,898.8
------------------------------------------ ------- -------
Pool distribution
30 Jun 31 Mar
2017 2017
--------------- ------ ------
Quoted pool 24% 25%
Income pool 12% 11%
Unquoted pool 28% 30%
Funds pool 22% 21%
Cash and other 14% 13%
--------------- ------ ------
Enquiries
Caledonia Investments plc
Will Wyatt (Chief Executive)
Stephen King (Finance Director)
Tel: +44 20 7802 8080
Tulchan Communications
Peter Hewer
Jessica Reid
Tel: +44 20 7353 4200
6 July 2017
END
Caledonia publishes monthly fact sheets, which give further details of the investment and other activities during each month. These fact sheets and other information are available on the Company's website at www.caledonia.com. Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.
Caledonia publishes a quarterly report as a supplement to its monthly fact sheets. The quarterly report presents the financial position of the company at the quarter end, together with highlights of material transactions or other events that occurred during the quarter. Caledonia believes that publication of a quarterly report is a valuable communication to investors.
This information is provided by RNS
The company news service from the London Stock Exchange
END
IR LLFEVDFIRIID
(END) Dow Jones Newswires
July 06, 2017 10:11 ET (14:11 GMT)
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