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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Cue Energy | LSE:CUE | London | Ordinary Share | GB00B1803980 | ORD 0.07P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.175 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS No 8826x CU ENVIRONMENTAL TRUST PLC 29th March 1999 CU ENVIRONMENTAL TRUST PLC CHAIRMAN'S STATEMENT AND UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1998 During the year your Company continued to invest internationally in those companies which we believe were best placed to benefit from increased environmental protection expenditure. We prioritised earnings growth potential, purity of exposure, strong management and shareholder value. I am pleased to report good relative performance during the year despite considerable volatility in markets. Strong market rises in the first half gave way to sharp falls in the second, although these were generally recovered by the year end. During the year small companies in general continued to underperform main markets. Your Company's portfolio reflected this trend, although it was able to maintain the relative outperformance registered in the first half, with net assets rising over the year by 1 per cent compared to a fall in the CRI Global Smaller Companies Index of 3.5 per cent. At 31 December 1998 fully diluted net assets per share were 135.2p. For the full year the total return was 0.96p. Net revenues amounted to #136,000, with good underlying dividend growth generated from the investment portfolio. The Directors declare a maintained interim dividend of 0.5p (net) per ordinary share for the year ended 31 December 1998. Unaudited Results for the twelve months ended 31 December 1998 1997 1998 Dividend per Share 0.5p 0.5p Net Asset Value per Share 141.8p 142.3p Fully diluted Net Asset Value per 134.9p 135.2p Share Net Revenue before Tax #142,000 #87,000 Net Revenue after Tax #6,000 #36,000 Return per Share 14.43p 0.96p Registered in England as an Investment Company No. 2691478 Registered office; ST Helen's, 1 Undershaft, London EC3P 3DQ CU Environmental Trust PLC St. Helen's 1 Undershaft, London, EC3P 3DQ Tel: 0171 662 6000 Fax: 0171 621 0195 UNAUDITED RESULTS TWELEVE MONTHS ENDED 31 DECEMBER 1998 1998 1997 - Dividend Per Share 0.5p 0.5p - Net Asset Value Per 142.3p 141.8p Share - Net Revenue Before Tax #187,000 #142,000 - Net Revenue After Tax #136,000 #96,0000 - Return Per Share 0.96p 14.43p For further information: David Keen: 0171 632 5005 Roger Bade: 0171 632 2513 CU ENVIRONMENTAL TRUST PLC Statement of total return (incorporating the revenue account) For the year to 31 December 1998. 1998 1997 Revenue Capital Total Revenue Capital Total #000 #000 #000 #000 #000 #000 Gains on Investments - 32 32 - 2,430 2,430 Income from Investments Franked investment income 154 - 154 187 - 187 UK Unfranked investment 95 - 95 69 - 69 income Overseas dividends 198 - 198 162 - 162 447 32 479 418 2,430 2,848 Other Income Deposit Interest 55 - 55 32 - 32 Total Income 502 32 534 450 2,430 2,880 Administrative Expenses (315) - (315) (308) - (308) Net return before 187 32 219 142 2,430 2,572 taxation Taxation (51) - (51) (46) - (46) Net return after 136 32 168 96 2,430 2,526 taxation Dividend Proposed dividend of 0.5p (88) - (88) (88) - (88) (1997:0.5p) per Ordinary share Transfer to reserves 48 32 80 8 2,430 2,438 Return per share 0.78p 0.18p 0.96p 0.55p 13.88p 14.43p Fully diluted return 0.76p 0.18p 0.94p 0.54p 13.51p 14.05p per share Notes: The interim dividend of 0.5p, in lieu of a final dividend, will be paid on 30 April 1999 to shareholders on the register at the close of business on 12 April 1999. Return per ordinary share is calculated on earnings of #136,000 and capital gains of #32,000 and the weighted average of 17,505,000 shares in issue during the year ended 31 December 1998. (1997 earnings of #96,000, gains of #2,430,000 and 17,505,000 shares). Balance Sheet at 31 December 1998 1998 1997 #000 #000 #000 #000 Fixed assets Investments: Listed on the London Stock 8,501 7,945 Exchange Listed overseas 16,038 14,914 24,539 22,859 Current assets Debtors 114 267 Cash at bank and in hand 439 1,877 553 2,144 Creditors: amounts falling due within one year Accruals and deferred income (97) (88) Proposed dividend on (88) (88) ordinary shares (185) (176) Net current assets 368 1,968 Net assets 24,907 24,827 Capital and reserves Called up share capital 4,376 4,376 Share premium account 12,546 12,546 Unrealised appreciation of 4,011 5,812 investments General capital reserve 3,824 1,991 20,381 20,349 Revenue reserve 150 102 24,907 24,827 Net asset value per share 142.3p 141.8p Fully diluted net asset 135.2p 134.9p value per share Notes on Information The financial information contained in this document does not constitute the Company's statutory accounts for the years ended 31 December 1997 or 1998. Statutory accounts for 1997 have been delivered to Registrar of Companies, and those for 1998 will be delivered following the Company's Annual General Meeting. The auditors have reported on the 1997 accounts; their report was unqualified and did not contain statements under Section 237(2) or (3) of the Companies Act 1985. The Company intends to despatch copies of its Report and Accounts for the year ended 31 December 1998 during the week commencing 10 May 1999. Members of the public may obtain copes from Commercial Union Investment Management Limited, St Helen's, 1 Undershaft, London, EC3P 3DQ. END FR SEUFEUUUUFID
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