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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-25.00 | -0.76% | 3,250.00 | 3,255.00 | 3,275.00 | 3,275.00 | 3,260.00 | 3,265.00 | 40,529 | 16:35:24 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trust,ex Ed,religious,charty | 183M | 142.9M | 2.6142 | 12.47 | 1.78B |
TIDMCLDN
RNS Number : 1269B
Caledonia Investments PLC
05 January 2018
Caledonia Investments plc
Report for the quarter ended 31 December 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 31 December 2017 and up to the date of publication.
Material events
o Over the quarter, NAV increased by 1.6% to GBP1,878m from GBP1,848m. The NAV per share total return for the quarter was 2.2%. Unquoted investments are revalued in March and September. Consequently, the NAV at 31 December 2017 did not include any valuation adjustments to unquoted investments in the past three months. o Investments during the period totalled GBP74.2m, including GBP22.7m in fund commitment drawdowns. o Realisations during the period totalled GBP140.3m, including GBP80.2m from the sale of The Sloane Club, the London private members club, of which GBP3.5m was accounted for as a pre-sale distribution of trading profit. o An interim dividend of 15.5p per share was declared on 23 November 2017, an increase in interim dividend of 4.0% over the previous year. The dividend, totalling GBP8.5m, will be paid on 11 January 2018 to holders of ordinary shares on the register on 1 December 2017. The ex-dividend date was 30 November 2017. o Guy Davison, a founding partner of Cinven, the leading international private equity firm, joined the board as an additional independent non-executive director with effect from 1 January 2018.
Financial position and performance summary
At 31 Dec At 30 Sep 2017 2017 --------------- ------------------------ ----------------------- Net assets GBP1,878m GBP1,848m NAV per share 3356p 3298p Discount 16.0% 17.8% --------------- ------------------------ ----------------------- 1. NAVs per share are calculated on a diluted, cum-income basis. 2. 31 December 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 31 December 2017, the company had cash of GBP209.9m, compared with GBP142.7m of cash at 30 September 2017.
Investment portfolio
Ten largest holdings as at 31 December 2017
31 Dec 30 Sep 2017 2017 Name Business GBPm GBPm ----------------------- ---------------------- ------- ------- Gala Bingo Bingo operator 98.3 92.3 Seven Investment Management Investment management 96.4 96.4 Liberation Group Pubs and restaurants 88.0 77.3 Cobehold Investment company 87.4 86.7 Aberdeen US PE Funds of PE funds funds 53.9 50.1 Choice Care Group Care homes provider 51.6 51.6 Quoted market NTAsset funds funds 47.4 43.5 British American Tobacco Tobacco 44.8 41.8 Arlington AVM Ranger Quoted market fund fund 42.7 38.8 Infrastructure Microsoft technology 42.6 37.3 653.1 615.8 Other pool investments 976.3 1,047.3 Cash and other items 248.6 184.8 ----------------------------------------------- ------- ------- Net assets 1,878.0 1,847.9 ----------------------------------------------- ------- -------
Pool distribution
31 Dec 30 Sep 2017 2017 --------------- ------ ------ Quoted pool 23% 24% Income pool 12% 12% Unquoted pool 27% 30% Funds pool 25% 24% Cash and other 13% 10% --------------- ------ ------
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
5 January 2018
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
MSCMMGGMFKLGRZM
(END) Dow Jones Newswires
January 05, 2018 08:24 ET (13:24 GMT)
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