We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Crusader Resou. | LSE:CAS | London | Ordinary Share | AU000000CAS1 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.375 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
Hot Features
Premium
RNS Number:3555S
Collective Assets Trust PLC
21 November 2003
To: Company Announcements
From: Collective Assets Trust plc
Date: 21 November 2003
Preliminary Results for the year to 31 October 2003
The Directors of Collective Assets Trust PLC ("CAT") are pleased to announce the
Company's unaudited results for the year to 31 October 2003.
* CAT is an independently managed investment trust which at 31 October 2003
had shareholders' funds of #9.7 million. It was listed on the London Stock
Exchange just before the end of October 1998 at a price per share of 100p, a
net asset value per share of 103.5p and with shareholders' funds of #5.5
million.
* CAT's primary investment objective is to achieve capital growth. The
Company seeks to achieve returns in excess of its benchmark, the FTSE
All-Share Index, principally by investing in other investment trusts and in
investment management companies.
* CAT's net asset value per share at 31 October 2003 was 141.85p, an
increase of 14.4% since 31 October 2002. This compares with a rise of 9.6%
in the Company's benchmark, the FTSE All-Share Index.
* The Board measures CAT's performance over rolling three-year periods. Over
the three years to 31 October 2003 the net asset value fell by 4.9% compared
to the FTSE All-Share Index's 31.0% decline, equivalent to an outperformance
of 11.3% per annum.
* Over the year to 31 October 2003 CAT's share price rose by 19p to 147p,
representing a premium of 3.6% to the Company's net asset value per share at
that date.
* Demand for shares from CAT's zero-charge ISA and Investment Plans was met
by the issue of 849,843 new ordinary shares, raising #1,105,000 of new
capital. The Company The share price rose by 37.5% during the period.bought
back for cancellation 71,920 ordinary shares during the year at a cost of
#95,000.
* Earnings for the year were 1.59p per share (2002: 1.47p).
* The Board intends to increase CAT's dividend over the long term at least
in line with inflation. A dividend of 1.50p per ordinary share, announced on
16 October 2003, is 3.4% higher than the previous year (2002: 1.45p) and
will be paid to shareholders on 21 November 2003.
* The Company's unaudited statement of total return, balance sheet and cash
flow statement follow.
For further information contact:
Ian Rushbrook
Investment Director
Tel: 0131- 465 1000
STATEMENT OF TOTAL RETURN (UNAUDITED)
FOR THE YEAR ENDED 31 OCTOBER 2003
Year to
31 October 2003
Revenue Capital Total
Notes #'000 #'000 #'000
Gains on investments - 1,116 1,116
Exchange differences - 84 84
Income 210 - 210
Investment management fee (4) (23) (27)
Other expenses (103) - (103)
Return on ordinary activities before tax 103 1,177 1,280
Tax on ordinary activities - - -
Return attributable to equity shareholders 103 1,177 1,280
Dividends in respect of ordinary shares (103) - (103)
Transfer to reserves - 1,177 1,177
Return per ordinary 2p share (p) 1 1.59 18.19 19.78
STATEMENT OF TOTAL RETURN (UNAUDITED)
FOR THE YEAR ENDED 31 OCTOBER 2003
Year to
31 October 2002
Revenue Capital Total
Notes #'000 #'000 #'000
Losses on investments - (630) (630)
Exchange differences - 65 65
Income 183 - 183
Investment management fee (4) (20) (24)
Other expenses (91) - (91)
Return on ordinary activities before tax 88 (585) (497)
Tax on ordinary activities - - -
Return attributable to equity shareholders 88 (585) (497)
Dividends in respect of ordinary shares (88) - (88)
Transfer from reserves - (585) (585)
Return per ordinary 2p share (p) 1 1.47 (9.77) (8.30)
BALANCE SHEET (UNAUDITED)
Notes As at As at
30 31 October 31 October
2003 2002
#'000s #'000s
Investments
United Kingdom 7,602 6,388
Overseas 1,347 1,225
8,949 7,613
Net current assets/(liabilities) 783 (68)
Total assets less current liabilities 9,732 7,545
Equity shareholders' funds 9,732 7,545
Net asset value per ordinary 2p share 2 141.85p 124.03p
CASH FLOW STATEMENT (UNAUDITED) Year to Year to
31 October 31 October
2003 2002
#'000s #'000s
Net cash inflow from operating activities 81 76
Capital expenditure and financial investment (1,475) (838)
Purchase of investments 1,265 10
Disposal of investments
Net cash outflow from investments (210) (828)
Equity dividends paid (88) (83)
Financing
Allotment of new shares 1,105 321
Shares bought back (95) -
Net cash inflow from financing 1,010 321
Increase/(decrease) in cash 793 (514)
Reconciliation of net cash flow to movement in net funds
Increase/(decrease) in cash 793 (514)
Gain on foreign exchange 49 75
842 (439)
Net funds at beginning of year 9 448
Net funds at end of year 851 9
Notes:
1. Return per ordinary share is based on a weighted average of 6,469,892
ordinary shares in issue during the year (2002 - 5,986,851).
2. Net asset value per ordinary share is based on the 6,860,909 ordinary shares
in issue as at 31 October 2003 (2002 - 6,082,986).
3. During the year the Directors allotted 849,843 ordinary shares, raising
#1,105,000 of new capital, and bought back for cancellation 71,920 shares at
a cost of #95,000.
4. These are not full accounts in terms of Section 240 of the Companies Act
1985. Full audited accounts for the year to 31 October 2002, which were
unqualified, have been lodged with the Registrar of Companies. No accounts
in respect of any period after 31 October 2002 have been reported on by the
Company's auditors or delivered to the Registrar of Companies.
5. The Annual Report and Accounts will be posted to Shareholders and copies will
be available from the Company's registered office at 80 George Street,
Edinburgh, EH2 3BU.
This information is provided by RNS
The company news service from the London Stock Exchange
END
FR BBBTTMMJTBRJ
1 Year Crusader Resou. Chart |
1 Month Crusader Resou. 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
