We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Dunedin Enterprise Investment Trust Plc | LSE:DNE | London | Ordinary Share | GB0005776561 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-17.00 | -3.53% | 464.00 | 464.00 | 488.00 | 464.00 | 464.00 | 464.00 | 3 | 08:00:23 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Finance Services | 1.52M | 1.25M | 0.0950 | 50.63 | 63.19M |
TIDMDNE
RNS Number : 5869N
Dunedin Enterprise Inv Trust PLC
10 May 2018
Quarterly Update Report
Dunedin Enterprise Investment Trust PLC (Company No SC52844) - Quarterly Update
1. Unaudited net asset value per share
The unaudited net asset value per share at 31 March 2018 was 451.9p. This represents a total return per share of 2.6% during the quarter when compared to the net asset value per share of 489.2p as at 31 December 2017 and taking account of the 50p per ordinary share returned to shareholders in February 2018. The net asset value per share of 451.9p is stated before the final dividend of 5.5p per share which is payable on 17 May 2018 following the AGM.
2. Share price
The share price has decreased by from 396.5p to 370p in the quarter to 31 March 2018. The share price total return for the quarter to 31 March 2018 was 5.9%. This compares to a decrease in the FTSE Small Cap Index of
6.5% over the same period. The discount to net asset value at 31 March 2018 was 18.1%. 3. Balance Sheet
The unaudited balance sheet as at 31 March 2018 is noted below: -
GBP'm Investments:- Dunedin managed 59.2 Third party managed 9.8 69.0 Cash and near cash 22.8 Other assets and liabilities 1.5 ------ Total net assets 93.3 ====== Net asset value per share (p) 451.9p ====== 4. Net asset value movements
The portfolio of investments has been re-valued at 31 March 2018. The increase in net asset value in the quarter can be attributed to:-
-- Within the Dunedin managed portfolio there were valuation increases at Red (GBP1.2m), Realza (GBP0.9m), Pyroguard (GBP0.8m), Steeper (GBP0.7m), FRA (GBP0.5m) and Hawksford (GBP0.4m). The valuations of Red, Pyroguard and FRA have benefitted from an increase in maintainable earnings. The valuation uplift in Steeper represents deferred proceeds received in February and April. Hawksford has benefitted from a reduction in net debt.
-- These valuation increases have been offset by a reduction in the valuation of CitySprint (GBP0.9m). CitySprint continues to experience margin pressure in a competitive market.
5. Cash and Commitments
Dunedin Enterprise had cash and near cash balances of GBP22.8m at 31 March 2018.
Dunedin Enterprise has outstanding capital commitments to limited partnership funds following the recent realisations from Dunedin Buyout Fund III LP which are GBP43.2m. It is expected that GBP22m of the total outstanding commitments will ultimately be drawn over the remaining life of the funds.
6. Dividend
If approved by shareholders at the Annual General Meeting on 10 May 2018 a final dividend of 5.5p per share will be paid to shareholders on 17 May 2018.
7. Outlook
The Board remains committed to the aim of maximising shareholder value through the orderly wind-down process. This will be achieved either by the judicious and timely sales of fund interests on the secondary market or by continuing to hold these interests if this is likely to provide a better return to shareholders.
The Board remains encouraged by the pricing of realisations achieved during 2017 and the trading performance of the portfolio.
For further information on Dunedin Enterprise please go to www.dunedinenterprise.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
QRFKMGGKGLKGRZZ
(END) Dow Jones Newswires
May 10, 2018 02:01 ET (06:01 GMT)
1 Year Dunedin Enterprise Inves... Chart |
1 Month Dunedin Enterprise Inves... 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