Northern Venture (NVT)

Company name:	Northern Venture Trust Plc
EPIC:	NVT	Trading Currency:	GBX
Market Sector:	SQQ3	ISIN:	GB0006450703
Market Segment:	SSQ3	Share Type:	DE
WWW Address:	http://www.nvm.co.uk/	Description:	ORD 25P
Industry Sector:	GENERAL FINANCIAL

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
66.50	0.0 [0.00]	66.00	67.00	66.50	66.50	66.50	5,000
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
91.68	137.86	0.01	0.30	4.00	221.67	6.02	68.00 - 50.00

Northern Venture Key Figures

(at previous day's close)
Market Cap.	91.68	m
Shares In Issue	137.86	m
Prev. Close	66.50
PE Ratio	221.67
Dividend Yield	6.02	%
EPS - basic	0.30	p
Dividend PS	4.00	p
Dividend Cover	0.08
Cash Flow PS	-0.19	p
Return On Equity (ROE)	0.46	%
Operating Margin	37.91	%
PEG Factor	-3.55
EPS Growth Rate	-62.50	%
Dividends PS Growth Rate	-	%
Net Debt	-20.27	m
Gross Gearing	0.38	%
Quick Assets	21.37	m
Net Working Capital	20.94	m
Intangibles / Fixed Assets	-	%
Turnover PS	1.09	p
Pre-Tax Profit PS	0.41	p
Retained Profit PS	-3.38	p
Cash PS	15.01	p
Net Cash PS	14.70	p
Net Tangible Asset Value PS *	81.81	p
Net Asset Value PS	70.70	p
Spread	1.00 (1.49%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Northern Venture Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	66.50	64.50
4 weeks	66.50	64.00
12 weeks	67.50	64.00
1 year	68.00	50.00

Share Price Chart (5 years)

Northern Venture Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	64.50	2.00	3.10	64.50	0.01		66.07
4 weeks	64.00	2.50	3.91	64.00	0.01		64.63
12 weeks	67.50	-1.00	-1.48	64.00	0.01		64.85
26 weeks	56.50	10.00	17.70	55.50	0.01		61.55
1 year	64.50	2.00	3.10	50.00	0.01		58.90
3 years	66.25	0.25	0.38	50.00	0.02		63.52
5 years	76.75	-10.25	-13.36	50.00	0.02		68.54
† periods calculated are whole weeks rather than calendar months

Northern Venture Key Management Ratios

Northern Venture Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	-
PE Ratio	221.67
Tobin's Q Ratio	0.88
Tobin's Q Ratio (excl. intangibles)	0.88
Dividend Yield	6.02	%
Market-to-Book Ratio	0.81
Price-to-Pre-Tax Profit PS	160.28
Price-to-Retained Profit PS	-19.70
Price-to-Cash Flow PS	-358.12
Price-to-Sales PS	60.75
Price-to-Net Tangible Asset Value PS	0.94
Price-to-Cash PS	4.43
Net Working Capital PS	15.19
Price Pct to Working Capital PS	4.38	%
Earnings Yield	0.45	%
Average PE	83.63
Years in average	5
PE to PE average	265.05	%

Northern Venture Financial Ratios

(Leverage Ratios)
Debt Ratio	-	%
Debt-to-Equity Ratio	-
Debt-to-Equity Ratio (excl. Intgbl)	-
Debt-to-Equity Market Value	-
Net Gearing	-17.90	%
Net Gearing (excl. Intangibles)	-17.90	%
Gross Gearing	0.38	%
Gross Gearing (excl. Intangibles)	0.38	%
Gearing Under 1 Year	0.38	%
Gearing Under 1 Year (excl. Intgbl)	0.38	%
Assets/Equity	1.00
Cash/Equity	18.35
(Liquidity Ratios)
Net Working Capital to Total Assets	18.49	%
Current Ratio	49.92
Quick Ratio (Acid Test)	49.92
Liquidity Ratio	48.35
Cash & Equiv/Current Assets	96.85	%
(Solvency Ratios)
Enterprise Value	70.99	m
CFO/Sales	-0.17
CFO/Attributable Profit	-
CFO/Assets	-0.00
CFO/Debt	-0.60
Total Debt/Equity Market Value	0.00
Total Debt/Sales	0.28
Total Debt/Pre-Tax Profit	0.75
Total Debt	0.43	m
Total Debt/Net Current Assets	0.02	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-	%
5 yr Compound Earnings Growth	-	%
10 yr Compound Earnings Growth	-	%
Earn drops > 5% in 10yrs	12

Beta (60-Mnth)	Beta (36-Mnth)
0.0073	0.0113

Northern Venture Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	0.51	%
Return On Assets (ROA)	0.49	%
Net Profit Margin	34.26	%
Assets Turnover	0.01
Return On Equity (ROE)	0.46	%
Return On Investment (ROI)	0.50	%
Dividend Payout Ratio	1,333.33	%
Plowback Ratio	-1,233.33	%
Growth from Plowback Ratio	-6.12	%
Net Income Of Revenues	-308.42	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	0.01
Fixed Assets Turnover	0.02
Current Assets Turnover	0.07
Net Working Capital Turnover
Inventory Turnover	-
(Other Operating Ratios)
Total Assets-to-Sales	69.24
Debtors-to-Sales	61.50	%
Debt Collection Period	224.47	Days

Northern Venture Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
01 Dec 2020	Final	GBX	2.50	30/09/2019	30/09/2020	24/12/2020	29/12/2020	22/01/2021	4.00
08 Jul 2020	Interim	GBX	1.50	01/10/2019	31/03/2020	06/08/2020	07/08/2020	28/08/2020	-
12 Nov 2019	Final	GBX	2.00	30/09/2018	30/09/2019	21/11/2019	22/11/2019	20/12/2019	4.00
17 May 2019	Interim	GBX	2.00	01/10/2018	31/03/2019	06/06/2019	07/06/2019	27/06/2019	-
12 Nov 2018	Final	GBX	2.00	30/09/2017	30/09/2018	22/11/2018	23/11/2018	21/12/2018	4.00
17 May 2018	Interim	GBX	2.00	01/10/2017	31/03/2018	07/06/2018	08/06/2018	29/06/2018	-
21 Nov 2017	Final	GBX	3.00	30/09/2016	30/09/2017	23/11/2017	24/11/2017	22/12/2017	11.00
23 May 2017	Special	GBX	5.00	01/10/2016	31/03/2017	01/06/2017	02/06/2017	30/06/2017	-
23 May 2017	Interim	GBX	3.00	01/10/2016	31/03/2017	01/06/2017	02/06/2017	30/06/2017	-
17 Nov 2016	Final	GBX	3.00	30/09/2015	30/09/2016	24/11/2016	25/11/2016	23/12/2016	13.00
17 May 2016	Special	GBX	7.00	01/10/2015	31/03/2016	02/06/2016	03/06/2016	30/06/2016	-
17 May 2016	Interim	GBX	3.00	01/10/2015	31/03/2016	02/06/2016	03/06/2016	30/06/2016	-
12 Nov 2015	Final	GBX	3.00	30/09/2014	30/09/2015	26/11/2015	27/11/2015	22/12/2015	12.00
20 May 2015	Special	GBX	6.00	01/10/2014	31/03/2015	18/06/2015	19/06/2015	17/07/2015	-
20 May 2015	Interim	GBX	3.00	01/10/2014	31/03/2015	18/06/2015	19/06/2015	17/07/2015	-
11 Nov 2014	Final	GBX	3.00	30/09/2013	30/09/2014	27/11/2014	28/11/2014	23/12/2014	6.00
08 May 2014	Interim	GBX	3.00	01/10/2013	31/03/2014	14/05/2014	16/05/2014	02/06/2014	-
12 Nov 2013	Final	GBX	3.00	30/09/2012	30/09/2013	27/11/2013	29/11/2013	20/12/2013	6.00
24 Jun 2013	Special	GBX	9.00	01/10/2012	31/03/2013	17/07/2013	19/07/2013	20/09/2013	-
16 May 2013	Interim	GBX	3.00	01/10/2012	31/03/2013	05/06/2013	07/06/2013	28/06/2013	-
08 Nov 2012	Final	GBX	3.00	30/09/2011	30/09/2012	28/11/2012	30/11/2012	21/12/2012	6.00
18 May 2012	Interim	GBX	3.00	01/10/2011	31/03/2012	06/06/2012	08/06/2012	29/06/2012	-
09 Nov 2011	Final	GBX	3.00	30/09/2010	30/09/2011	24/11/2011	26/11/2011	17/12/2011	6.00
09 May 2011	Interim	GBX	3.00	01/10/2010	31/03/2011	01/06/2011	03/06/2011	24/06/2011	-
12 Nov 2010	Final	GBX	4.50	30/09/2009	30/09/2010	24/11/2010	26/11/2010	17/12/2010	7.50
25 Feb 2010	Interim	GBX	3.00	01/10/2009	31/03/2010	03/03/2010	05/03/2010	19/03/2010	-
10 Sep 2009	Final	GBX	4.50	30/09/2008	30/09/2009	16/09/2009	18/09/2009	29/09/2009	7.50
14 Nov 2008	Final	GBX	1.50	30/09/2007	30/09/2008	17/12/2008	19/12/2008	19/01/2009	7.50
10 Sep 2008	Interim	GBX	3.00	30/09/2007	30/09/2008	17/09/2008	19/09/2008	10/10/2008	-
20 May 2008	Interim	GBX	3.00	01/10/2007	31/03/2008	04/06/2008	06/06/2008	27/06/2008	-
12 Nov 2007	Final	GBX	1.00	30/09/2006	30/09/2007	21/11/2007	23/11/2007	31/12/2007	9.00
08 May 2007	Interim	GBX	1.00	01/10/2006	31/03/2007	16/05/2007	18/05/2007	15/06/2007	-
15 Nov 2006	Final	GBX	1.50	30/09/2005	30/09/2006	22/11/2006	24/11/2006	15/12/2006	9.00
09 May 2006	Interim	GBX	1.00	01/10/2005	31/03/2006	17/05/2006	19/05/2006	09/06/2006	-
07 Nov 2005	Final	GBX	1.00	30/09/2004	30/09/2005	23/11/2005	25/11/2005	16/12/2005	2.00
10 May 2005	Interim	GBX	1.00	30/09/2004	30/09/2005	25/05/2005	27/05/2005	10/06/2005	-
17 Nov 2004	Final	GBX	1.00	30/09/2003	30/09/2004	24/11/2004	26/11/2004	24/12/2004	2.00
04 Mar 2004	Interim	GBX	2.00	01/10/2003	31/03/2004	10/03/2004	12/03/2004	11/06/2004	-
12 Nov 2003	Final	GBX	1.00	30/09/2002	30/09/2003	03/12/2003	05/12/2003	19/12/2003	1.70
20 May 2003	Interim	GBX	0.70	01/10/2002	31/03/2003	28/05/2003	30/05/2003	13/06/2003	-
11 Nov 2002	Final	GBX	1.00	30/09/2001	30/09/2002	20/11/2002	22/11/2002	20/12/2002	2.00
22 May 2002	Interim	GBX	1.00	30/03/2002	30/09/2002	28/05/2002	31/05/2002	06/06/2002	-
07 Nov 2001	Final	GBX	1.00	30/09/2000	30/09/2001	14/11/2001	16/11/2001	21/12/2001	2.00
11 May 2001	Interim	GBX	1.00	01/10/2000	31/03/2001	23/05/2001	25/05/2001	07/06/2001	-
09 Nov 2000	Final	GBX	1.00	30/09/1999	30/09/2000	20/11/2000	24/11/2000	15/12/2000	2.00
15 May 2000	Interim	GBX	1.00	01/10/1999	31/03/2000	22/05/2000	26/05/2000	08/06/2000	-
09 Nov 1999	Final	GBX	1.40	30/09/1998	30/09/1999	22/11/1999	26/11/1999	17/12/1999	2.20
02 Mar 1999	Interim	GBX	0.80	01/10/1998	31/03/1999	08/03/1999	12/03/1999	01/04/1999	-
05 Nov 1998	Final	GBX	1.80	30/09/1997	30/09/1998	23/11/1998	27/11/1998	17/12/1998	3.00
08 May 1998	Interim	GBX	1.20	01/10/1997	31/03/1998	18/05/1998	22/05/1998	18/06/1998	-

Northern Venture Fundamentals

	30 Sep 2017 (GBP)		30 Sep 2018 (GBP)		30 Sep 2019 (GBP)		30 Sep 2020 (GBP)
turnover	2.99	100.00%	2.49	100.00%	2.17	100.00%	1.51	100.00%	m
pre tax profit	2.17	72.73%	1.62	64.83%	1.27	58.40%	0.57	37.91%	m
attributable profit	1.80	60.25%	1.36	54.52%	1.10	50.65%	0.52	34.26%	m
retained profit	-9.30	-311.21%	-5.25	-210.92%	-4.35	-200.88%	-4.65	-308.42%	m
eps - basic (p)	1.80		1.00		0.80		0.30
eps - diluted (p)	1.80		1.00		0.80		0.30
dividends per share	11.00		4.00		4.00		4.00

Northern Venture Balance Sheet

	30 Sep 2017 (GBP)		30 Sep 2018 (GBP)		30 Sep 2019 (GBP)		30 Sep 2020 (GBP)


	30 Sep 2017 (GBP)		30 Sep 2018 (GBP)		30 Sep 2019 (GBP)		30 Sep 2020 (GBP)
ASSETS
fixed assets	-	-%	-	-%	-	-%	-	-%	m
intangibles	-	-%	-	-%	-	-%	-	-%	m
fixed investments	65.70	86.06%	69.32	73.73%	72.41	75.62%	91.85	81.13%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	-	-%	-	-%	-	-%	-	-%	m
debtors	0.66	0.87%	0.14	0.15%	1.18	1.23%	0.67	0.60%	m
cash & securities	9.98	13.07%	24.56	26.12%	22.16	23.14%	20.69	18.28%	m

TOTAL	76.34	100%	94.02	100%	95.75	100%	113.22	100%	m

LIABILITIES
creditors - short	0.08	0.11%	0.11	0.11%	0.09	0.10%	0.43	0.38%	m
creditors - long	-	-%	-	-%	-	-%	-	-%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	0.08	0.11%	0.11	0.11%	0.09	0.10%	0.43	0.38%	m

EQUITY
ord cap, reserves	76.26	99.89%	93.91	99.89%	95.66	99.90%	112.79	99.62%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	76.26	99.89%	93.91	99.89%	95.66	99.90%	112.79	99.62%	m

OTHER
NAV Basic	72.60		70.80		68.90		70.70
NAV Diluted	72.60		70.80		68.90		70.70

Northern Venture Cash Flow Statement

	30 Sep 2017 (GBP)	30 Sep 2018 (GBP)	30 Sep 2019 (GBP)	30 Sep 2020 (GBP)
Operating CF	-0.21	0.87	-1.12	-0.26	m
Pre-Financing CF	10.39	1.21	-1.30	-7.66	m
Retained CF	5.78	14.58	-2.40	-1.47	m

Northern Venture Brokers

Name	Activity	Type	Mnemonic	Code
Matrix Corporate Capital LLP	Market Maker(MMF)	Broker/Dealer	MATX	MCOCGB21MMK
UBS AG	Market Maker(MMF)	Broker/Dealer	UBS.	UBSWGB2LEQU
Winterflood Securities Ltd	Market Maker(MMF)	Broker/Dealer	WINS	WNTSGB2LBIC