Interim Management Statement

RNS Number : 9459P
Brunner Investment Trust PLC
01 April 2009
 



The Brunner Investment Trust PLC   


Interim Management Statement


For the quarter ended 28 February 2009


This interim management statement relates to the quarter from 1 December 2008 to 28 February 2009 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 and benchmark


The Trust aims to provide growth in capital value and dividends over the long term through investing in a portfolio of UK and international securities.


The benchmark is: 50% FTSE All-Share and 50% FTSE World Index (ex UK, sterling).



Portfolio


Top ten holdings at 28 February 2009 and percentage of total gross assets:


      



 £  

%

4% Treasury Stock 2009

19,987,500

9.72

BP

6,404,357

3.11

Royal Dutch Shell 'B' Shares

6,273,343

3.05

GlaxoSmithKline

6,005,568

2.92

Vodafone Group

5,925,893

2.88

BHP Billiton

4,703,392

2.29

BG Group

4,412,530

2.15

HSBC

3,728,423

1.81

Cobham

3,374,771

1.64

BAE Systems

3,155,075

1.53




Total Gross Assets

205,694,084




Material events and transactions


During the period 233,499 Ordinary Shares were purchased for cancellation at a total cost of £662,998.


At the Annual General Meeting held on 19 March, all resolutions were passed.


Financial Performance to 28 February 2009





% change





3m

6m

1yr

3yrs

5yrs


Share price

-9.06

-39.71

-40.09

-40.73

8.77


Net Asset Value     

-7.04

-37.03

-36.45

-37.67

0.65


Benchmark*

-8.31

-29.40

-29.62

-24.68

5.18



50% FTSE All-Share and 50% FTSE World Index (ex UK, sterling).

Source: Datastream


  Financial position at 28 February and 30 March 2009




28 February


30 March 

Total gross assets


£205,694,084


£208,756,817

Net assets


£149,107,198


£155,289,215

Share price


254.00p


276.50p

Net asset value1 


317.02p


328.26p

Discount 2


19.9%


15.8%

Net gearing 3    


14.7%


14.1%



   1  Capital Net asset values per ordinary share are calculated and announced daily.

2 The discount is the difference between the share price and the NAV per share expressed as a percentage   of the NAV per share.

3  Net gearing is borrowings net of current assets and fixed interest securities.




Company Information



Launch date


1927

EPIC


BUT

Year end


30 November

Report and Accounts


Final posted February, half-yearly posted July

AGM


March

Price Information


Financial Times, The Daily Telegraph, www.allianzgi.co.uk



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.brunner.co.uk  owww.allianzgi.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.



1 April 2009


This information is provided by RNS
The company news service from the London Stock Exchange
 
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