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CLDN Caledonia Investments Plc

3,250.00
-25.00 (-0.76%)
18 Mar 2024 - Closed
Delayed by 15 minutes
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

Caledonia Investments PLC Report for the quarter ended 31 Dec 2017 (1269B)

05/01/2018 1:24pm

UK Regulatory


Caledonia Investments (LSE:CLDN)
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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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