![](/cdn/assets/images/search/clock.png)
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 |
---|---|---|---|---|---|
TP70 2010 Vct | LSE:TP7V | London | Ordinary Share | GB00B4XR6J62 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMTP7V
RNS Number : 4018V
TP70 2010 VCT PLC
11 January 2013
TP70 2010 VCT plc
11 January 2013
TP70 2010 VCT plc has pleasure in submitting its Interim Management Statement for the period ended 30 November 2012. This constitutes the Company's second Interim Management Statement for the year ended 28 February 2013, as required by the UK Listing Authority's Disclosure and Transparency Rule 4.3.
Net assets at 30 November 2012 comprised:
30 November 2012 31 August 2012 29 February 2012 Unaudited Unaudited Audited GBP'000 % investments GBP'000 % investments GBP'000 % investments -------- -------------- -------- -------------- -------- -------------- VCT qualifying unquoted investments 5,665 76.4 5,665 75.6 3,800 50.3 Non VCT qualifying investments: GAM Trading 1.25XL 707 9.6 719 9.6 1,265 16.8 Derivative 989 13.3 1,036 13.8 1,032 13.7 Money Market funds - - - - 900 11.9 Cash and cash equivalents 55 0.7 78 1.0 554 7.3 -------- -------------- -------- -------------- -------- -------------- Total Investments 7,416 100.0 7,498 100.0 7,551 100.0 -------- -------------- -------- -------------- -------- -------------- Other assets & liabilities (10) (13) (19) -------- -------- -------- Net assets 7,406 7,485 7,532 -------- -------- -------- Net asset value per share 84.68p 85.58p 86.12p
The reduction in net asset value per share for the quarter reflects a GBP20,000 excess of running expenses over loan interest income and a GBP59,000 loss on the Company's GAM exposure.
Investment Activity
The Company has 76% of its investments invested in VCT qualifying investments. The Company has satisfied the requirement of being 70% invested in qualifying investments a year ahead of its target date.
The qualifying investment portfolio can be categorised as follows:
Electricity Generation Solar Anaerobic Landfill Total Qualifying Industry Sector Cinema Digitisation PV Digestion Gas Investments ------------------------ -------------------- ------- ----------- --------- ----------------- Qualifying Investments GBP'000 1,000 3,300 725 640 5,665 ------------------------ -------------------- ------- ----------- --------- ----------------- Qualifying Investments % 17.65% 58.25% 12.80% 11.30% 100.00% ------------------------ -------------------- ------- ----------- --------- -----------------
The Company has an overall exposure of 23% to GAM Trading comprising both a derivative and direct exposure to GAM Trading 1.25XL. With leverage this exposure equates to 45% of the Company's net asset value.
Material Events and Transactions
During the period no shares were issued and no shares were purchased by the Company for cancellation.
Further Information
For further information, please contact Claire Ainsworth or Chris Tottle at Triple Point Investment Management LLP on 0207 201 8989.
This information is provided by RNS
The company news service from the London Stock Exchange
END
QRTBUGDBUSBBGXB
1 Year TP70 2010 Vct Chart |
1 Month TP70 2010 Vct 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