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TPV1 Triple Point

50.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Triple Point LSE:TPV1 London Ordinary Share GB00B29KPN29 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% 50.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Triple Point Income VCT PLC Interim Management Statement (0776Q)

14/02/2019 5:32pm

UK Regulatory


Triple Point (LSE:TPV1)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Triple Point Charts.

TIDMTPV1

RNS Number : 0776Q

Triple Point Income VCT PLC

14 February 2019

LEI: 213800IXD8S5WY88L245

Triple Point Income VCT plc

14 February 2019

Interim Management Statement for the quarter ended 31 December 2018

Highlights

The Company

The Company continues to meet all VCT qualifying conditions in respect of its portfolio of VCT unquoted qualifying investments and unquoted and quoted non-qualifying investments.

Ordinary Share Class

   --      The Net Asset Value ("NAV") at 31 December 2018 was 1.00p per share. 

-- On 1 October 2018 the Ordinary Share Class realised its investment in Green Energy for Education Limited.

-- On 14 December 2018 a final dividend was paid to the Ordinary Class Shareholders of 4.07p per share bringing total dividends paid to Ordinary Class Shareholders to 97.87p per share. This compares to a weighted average subscription share price of 83.6p per share.

-- The intention remains to cancel the Ordinary Shares and pay the remaining 1.00p by the end of the Company's financial year ending 31 March 2019.

C Share Class

-- The NAV at 31 December 2018 has increased by 0.57p to 112.40p per share as a result of profit generated during the period.

-- At 31 December 2018 the total paid by way of dividends to shareholders was 15.00p per share, bringing the total return to 127.40p per share.

-- 100% of the C Share Class investments are in the hydro-electric power sector, in line with the investment strategy.

   --      The C Share Class investment portfolio by sector at 31 December 2018: 

Hydro Electric Power - 80%

SME Funding - Hydro Electric Power - 20%

D Share Class

-- The NAV at 31 December 2018 has increased by 0.88p to 105.7p per share as a result of profit generated during the period.

-- 97% of the D Share investments are in the Hydro Electric Power sector, in line with the investment strategy.

   --      The D Share Class investment portfolio by sector at 31 December 2018: 

Hydro Electric Power - 88%

SME Funding - Hydro Electric Power - 9%

SME Funding - Other - 3%

E Share Class

-- The NAV at 31 December 2018 has decreased by 1.09p to 98.25p per share during the period. This is due to a fall in the market price of the shares held in a quoted investment. The share price fell from 105p at 30 September 2018 to 99.6p. Following the period end, the share price has recovered to 104p.

-- During the period the E Share Class acquired a qualifying Investment in a rooftop solar PV company.

-- Based on the current valuations of the portfolio, the E Share Class is 84% deployed in a portfolio of qualifying and non-qualifying investments.

   --      The E Share Class investment portfolio by sector at 31 December 2018: 

Crematorium Management - 3%

Vertical Growing - 21%

Quoted Investments - 27%

Hydro Electric Power - 12%

SME Funding - Hydro Electric Power - 3%

SME Funding - Other - 9%

Electricity Generation - 25%

Net Assets at 31 December 2018:

 
                                                      31-Dec-18 
                                                      Unaudited 
                                Ord. Shares   C Shares   D Shares   E Shares    Total 
                               ------------  ---------  ---------  ---------  -------- 
                                  GBP'000     GBP'000    GBP'000    GBP'000    GBP'000 
 VCT qualifying unquoted 
  investments                             -     11,176     11,532     14,367    37,075 
 VCT non-qualifying unquoted 
  investments                             -      3,349      1,791      3,892     9,032 
 VCT non-qualifying quoted 
  investments                             -          -          -      5,791     5,791 
                               ------------  ---------  ---------  --------- 
                                          0     14,525     13,323     24,050    51,898 
                               ------------  ---------  ---------  --------- 
 Cash and cash equivalents              248        661        310      4,733     5,952 
 Total Investments                      248     15,186     13,633     28,783    57,850 
                               ------------  ---------  ---------  --------- 
 Other assets & liabilities            (53)       (78)        850      (338)       381 
                               ------------  ---------  ---------  --------- 
 Net assets                             195     15,108     14,483     28,445    58,231 
                               ------------  ---------  ---------  --------- 
 Net asset value per share 
  (p)                                  1.00     112.40     105.70      98.25       n/a 
                               ------------  ---------  ---------  --------- 
 
 
                                                      31-Mar-18 
                                                       Audited 
                                Ord. Shares   C Shares   D Shares   E Shares    Total 
                               ------------  ---------  ---------  ---------  -------- 
                                  GBP'000     GBP'000    GBP'000    GBP'000    GBP'000 
 VCT qualifying unquoted 
  investments                         9,367     11,176     11,532      5,000    37,075 
 VCT non-qualifying unquoted 
  investments                         1,731      3,414      2,191      1,849     9,185 
 VCT non-qualifying quoted 
  investments                             -          -          -      5,884     5,884 
                               ------------  ---------  --------- 
                                     11,098     14,590     13,723     12,733    52,144 
                               ------------  ---------  ---------  --------- 
 Cash and cash equivalents            1,868        551        253     15,776    18,448 
                                                                   --------- 
 Total Investments                   12,966     15,141     13,976     28,509    70,592 
                               ------------  ---------  ---------  --------- 
 Other assets & liabilities           (178)         25        818       (46)       619 
                               ------------  ---------  ---------  ---------  -------- 
 Net assets                          12,788     15,166     14,794     28,463    71,211 
                               ------------  ---------  ---------  ---------  -------- 
 Net asset value per share 
  (p)                                 65.74     112.84     107.98         98       n/a 
                               ------------  ---------  ---------  ---------  -------- 
 

For further information, please contact Ben Beaton or Belinda Thomas at Triple Point Investment Management LLP on 0207 201 8989.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

MSCGGUUWPUPBGMC

(END) Dow Jones Newswires

February 14, 2019 12:32 ET (17:32 GMT)

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