1st Quarter Results

RNS Number : 3979Y

Dunedin Enterprise Inv Trust PLC

12 May 2021

 

Dunedin Enterprise Investment Trust PLC

LEI:  213800E2VLUZ5AF9Z434

Date:  12 May 2021

1.  Unaudited net asset value per share

The unaudited net asset value per share at 31 March 2021 was 428.1 p (413.9p at 31/12/20). This represents a total return per share of 3.4 % during the quarter.  

2.  Share price

The share price has increased by from 336 p to 342 p in the quarter to 31 March 2021. The share price total return for the quarter to 31 March 2021 was 1.8 %.  This compares to an increase in the FTSE Small Cap Index of 15.6 % over the same period.  The discount to net asset value at 31 March 2021 was 20.1 % .  

3.  Balance Sheet

The unaudited balance sheet as at 31 March 2021 is noted below: -

	£'m
Investments: -
Dunedin managed	54.3
Third party managed	4.8
	59.1
Cash and near cash	19.6
Other assets and liabilities	(1.2)
Total net assets	77.5
Net asset value per share (p)	428.1 p

4.  Net asset value movements

The portfolio of investments has been re-valued at 31 March 2021. The increase in net asset value in the quarter can be attributed to valuation increases at Red (£2.7m), UPOL (£1.7m) and CitySprint (£0.3m) offset by valuation reductions at FRA (£2.0m) and Weldex (£0.7m).

5.  Cash and Commitments

Dunedin Enterprise had cash and near cash balances of £ 19.6 m at 31 March 2021.  Outstanding capital commitments to limited partnership funds are £11.6m.

6.  Dividend

A final dividend of 2.0p per share will be paid to shareholders on 19 May 2021.

For further information on Dunedin Enterprise please go to www.dunedinenterprise.com

 

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