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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
F&C Uk | LSE:FUS | London | Ordinary Share | GB00B61BQS31 | ORD CSH |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 81.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMFUS RNS Number : 2287M F&C UK Select Trust PLC 19 May 2010 F&C UK Select plc Interim Management Statement For the Three Month Period 1 January 2010 to 31 March 2010 Investment Objective F&C UK Select Trust plc aims to achieve capital growth for ordinary shareholders by investing in a portfolio of UK equities with the potential for above average capital growth. Performance Summary +----------------------+--+-----------+--------------+-------------+ | | | | For the | | | Total Return1 | | | three months | | | | | | to 31 March | | | | | | 2010 | | +----------------------+--+-----------+--------------+-------------+ | | | | | | +----------------------+--+-----------+--------------+-------------+ | Net asset value | | | 7.8% | | +----------------------+--+-----------+--------------+-------------+ | FTSE All-Share Index | | | 4.3% | | +----------------------+--+-----------+--------------+-------------+ | Share Price | | | 5.4% | | +----------------------+--+-----------+--------------+-------------+ | | | | | | +----------------------+--+-----------+--------------+-------------+ | | | As at | As at | 2009 | | Capital Return | | 31 March | 31 December | Movement | | | | 2010 | 2009 | | +----------------------+--+-----------+--------------+-------------+ | | | | | | +----------------------+--+-----------+--------------+-------------+ | Net asset value per | | 92.4p | 85.7p | 7.8% | | share2 | | | | | +----------------------+--+-----------+--------------+-------------+ | Share price (mid | | 84.0p | 80.5p | 4.3% | | market) | | | | | +----------------------+--+-----------+--------------+-------------+ | Discount | | 9.0% | 6.1% | | +----------------------+--+-----------+--------------+-------------+ | Actual Gearing | | | | | | (100 = nil geared | | 95 | 105 | | | position)3 | | | | | +----------------------+--+-----------+--------------+-------------+ | | | | | | +----------------------+--+-----------+--------------+-------------+ Sources: F&C Investment Business Limited, Datastream. 1 All total returns are based on dividends re-invested 2Calculated in accordance with UK Generally Accepted Accounting Practice. 3 Explanation of gearing as per Annual Report Review for the Period A quarter of growing conviction, with markets that drifted in January recovering in February and then pushing on in March to leave the Company's net asset value up 7.8 per cent over the period. The share price increased by 4.3 per cent over the same period, as the discount widened a little to end the quarter at 6.1 per cent. The Company's oil and resource based holdings stood it in good stead, although the unquoted position in Caithness acted as a drag on performance. Top Ten Holdings as at 31/03/2010 % of total assets +-----------------------------------+------+ | | +------------------------------------------+ | Caithness Petroleum | 6.6 | +-----------------------------------+------+ | Anglo American | 4.5 | +-----------------------------------+------+ | Bowleven | 4.2 | +-----------------------------------+------+ | Standard Chartered | 4.2 | +-----------------------------------+------+ | Lancashire Holdings | 4.2 | +-----------------------------------+------+ | Berkeley Group | 4.2 | +-----------------------------------+------+ | Aegis Group | 4.1 | +-----------------------------------+------+ | Cable and Wireless | 4.1 | +-----------------------------------+------+ | Xstrata | 4.0 | +-----------------------------------+------+ | Shire | 4.0 | +-----------------------------------+------+ | Total | 44.1 | +-----------------------------------+------+ Sector Breakdown as at 31/03/2010 % of total assets +-----------------------------------+-------+ | | +-------------------------------------------+ | Financials | 26.2 | +-----------------------------------+-------+ | Oil & Gas | 18.7 | +-----------------------------------+-------+ | Consumer Goods | 11.6 | +-----------------------------------+-------+ | Basic Materials | 11.2 | +-----------------------------------+-------+ | Consumer Services | 8.0 | +-----------------------------------+-------+ | Health Care | 8.0 | +-----------------------------------+-------+ | Telecommunications | 4.1 | +-----------------------------------+-------+ | Utilities | 3.6 | +-----------------------------------+-------+ | Industrials | 3.2 | +-----------------------------------+-------+ | Cash | 5.4 | +-----------------------------------+-------+ | Total | 100.0 | +-----------------------------------+-------+ Significant Events or Transactions An interim dividend in respect of the current financial year of 0.70p per share was declared on 22 April 2010. This dividend was paid on 7 May to shareholders on the register on 30 April 2010. The Board is not aware of any other significant events or transactions which have occurred since 31 March 2010 and the date of publication of this statement which would have a material impact on the financial position of the Company, other than the announcement made on 22 April 2010 of proposals for the reconstruction and winding-up of the Company. Full details can be found on the Company's website www.fcukselecttrust.co.uk Daily and Key Information Further information regarding the Company, including daily net asset values published since the end of the period and monthly factsheets, can be found at the Company's website www.fcukselecttrust.co.uk or at www.fandc.com. For further information please contact: Phil Doel - Investment Manager Martin Cassels - Company Secretary F&C Investment Business Limited Tel: 0207 628 8000 This information is provided by RNS The company news service from the London Stock Exchange END IMSKMGMKKLNGGZM
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