Interim Management Statement

RNS Number : 7215N

British Portfolio Trust PLC

06 September 2011

 



British Portfolio Trust PLC

Interim Management Statement

For the quarter ended 31 July 2011

This interim management statement relates to the quarter from 1 May 2011 to 31 July 2011 and contains information for that period unless otherwise stated. This statement is produced to provide information in accordance with the UK Listing Authority's Disclosure and Transparency Rules.

Investment objective

The objective of British Portfolio Trust plc is to provide growth in capital and income through a policy of investing in UK listed companies.  Such equities will consist mainly of shares in FTSE 100 companies, but will also include medium-sized and smaller companies.

Portfolio

Top ten holdings as at 29 July 2011 and percentage of total gross assets

	£	%
GlaxoSmithKline	3,270,708	7.23
BP	3,050,495	6.74
Vodafone Group	2,386,412	5.27
HSBC	2,189,728	4.84
Royal Dutch Shell "B"	2,006,883	4.43
Rio Tinto	1,877,681	4.15
Unilever	1,853,795	4.10
Reed Elsevier	1,486,437	3.28
Centrica	1,380,571	3.05
Diageo	1,365,927	3.02

Material events and transactions

During the period 586,000 ordinary shares were purchased for cancellation and since 31st July 2011 to date a further 82,000 ordinary shares have been purchased for cancellation.

Since the period end S R T White retired as a Director on 31 August 2011.

Financial Performance to 29 July 2011

			% change
	3m	6m		1yr	3yrs	5yrs
Share price	-6.01	-7.29		7.52	2.46	-2.91
Net Asset Value	-1.92	-1.46		12.42	4.22	1.10
Benchmark*	-3.34	1.23		14.93	22.76	20.24

Source: Datastream

Total return with net dividends reinvested and net of fees.

* FTSE All-Share Total Return

Financial position at 29 July and 2 September 2011

		29 July		2 September
Total gross assets		£45,251,337		£43,646,324
Net assets		£44,517,810		£40,429,884
Share price		135.00p		127.50p
Net asset value1		147.05p		133.91p
Discount2		-8.2%		-4.8%
Gearing  3		1.8%		1.5%
Historic Dividend Yield		3.8%		4.0%

¹ Debt at book value on an income basis

 Capital & income net asset values are calculated and announced daily.

² The discount is the difference between the share price and the NAV (debt at book value) per share expressed as a percentage of the NAV per share.

³ Actual gearing - net of cash.

Company Information

Launch date		2001
EPIC		BPO
Year end		31 October
Report and Accounts		Final posted January, half-yearly posted June
AGM		February
Dividends		September and March
Price Information		Financial Times, The Daily Telegraph,  www.rcm.com/investmenttrusts

Investor information

Further up to date information, including Net Asset Values and share prices, and the latest available factsheets and portfolio information, is provided on the Manager's website, which can be accessed via www.britishportfoliotrust.co.uk.   Investor Services can be contacted on 020 7065 1407 and information can also be obtained from the Manager's helpline on 0800 317 573.

By order of the Board.

British Portfolio Trust PLC

155 Bishopsgate

London EC2M 3AD

6th September 2011

 

END

 

 

IMSUGUQWBUPGGWQ