Interim Management Statement

RNS Number : 0499B

British Empire Sec & Gen Tst PLC

11 August 2008

 



BRITISH EMPIRE SECURITIES AND GENERAL TRUST PLC

Interim Management Statement - 4 months ended 31 July 2008

British Empire is an investment trust whose objective is to achieve capital growth through a focused portfolio of investments, particularly in companies whose share prices stand at a discount to estimated underlying net asset value.

Financial Performance  to 31 July 2008

BTEM
	1 month	3 month	4 month		1 year	3 year	5 year
NAV	0.8	-8.4	-7.0		-11.3	25.0	123.2
PRICE	0.8	-10.4	-8.7		-7.3	17.8	137.8
Datastream	-3.1	-8.6	-3.8		-8.8	22.3	69.1
MSCI World	-2.0	-8.7	-3.5		-8.1	9.8	40.1

Source: Thomson Financial, Fundamental Data

Top Ten Equity Holdings %

Sofina	4.77
Investor AB	4.51
Jardine Strategic	4.03
Jardine Matheson	3.59
Vivendi	3.22
GBL	3.10
Electra Private Equity	2.84
Paris Orléans	2.79
Tupras Turkiye	2.79
Holmen	2.41
TOTAL

Geographic Breakdown

Continental Europe	36.2%
UK	18.9%
Japan	11.9%
Asia Pacific	10.6%
EMEA	4.9%
Canada	4.7%
Liquidity	12.8%

Material events and transactions during the period

During the period the Company bought back 38,443 units of its Equities Index Unsecured Loan Stock 2013 for a weighted average price of 2.39 per unit.

11 August 2008

 

END

 

 

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