Interim Management Statement

RNS Number : 9462W

British Portfolio Trust PLC

07 February 2012

 



British Portfolio Trust PLC

Interim Management Statement

For the quarter ended 31 January 2012

This interim management statement relates to the quarter from 1 November 2011 to 31 January 2012 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 at 31 January 2012 and percentage of total gross assets

	£	%
GlaxoSmithKline	3,041,602	7.10
BP	3,031,563	7.08
Vodafone Group	2,369,763	5.53
HSBC	2,157,944	5.04
Royal Dutch Shell "B"	2,069,178	4.83
Rio Tinto	1,694,220	3.96
Diageo	1,490,691	3.48
Reed Elsevier	1,405,944	3.28
Unilever	1,395,392	3.26
Centrica	1,321,114	3.08

Material events and transactions

During the period 651,552 ordinary shares were purchased for cancellation and 500,000 ordinary shares previously held in treasury were cancelled.  Since the period end a further 60,000 ordinary shares have been purchased for cancellation.

Financial Performance to 31 January 2012

			% change
	3m	6m		1yr	3yrs	5yrs
Share price	-4.43	-5.84		-12.7	47.34	-17.29
Net Asset Value	4.27	-2.34		-3.77	60.09	-10.05
Benchmark*	3.19	-1.52		-0.31	56.90	9.31

Source: Datastream

Total return with net dividends reinvested and net of fees.

* FTSE All-Share Total Return

Financial position at 31 January and 3 February 2012   

		31 January		3 February
Total gross assets		£42,835,036		£44,424,386
Net assets		£39,706,385		£41,370,424
Share price		124.0p		123.0p
Net asset value1		139.7p		145.5p
Discount2		-11.2%		-15.5%
Gearing  3		3.4%		3.3%
Historic Dividend Yield		4.1%		4.1%

¹ Debt at book value

 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.co.uk/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.  Information can also be obtained from the Investor Services' helpline on 0800 389 4696.

By order of the Board

British Portfolio Trust PLC

155 Bishopsgate

London EC2M 3AD

7 February 2012

 

END

 

 

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