Performance at month end

RNS Number : 3684N

HgCapital Trust PLC

06 September 2013

 



HgCapital Trust plc ("the Trust")

All information is at 31 August 2013 and unaudited.

Historical total return (with net income reinvested) performance at month end

	One month %	Three months  %	One year  %	Three years % p.a.	Five years  % p.a.	Ten years  % p.a.
NAV (diluted)	(1.4%)	(6.3%)	1.8%	9.2%	4.2%	14.8%
Share price	(5.2%)	1.4%	18.3%	14.1%	7.4%	19.0%
FTSE All-Share Index	(2.2%)	(0.8%)	18.9%	12.0%	8.0%	8.9%

Sources: HgCapital, Factset

Financials as at 31 August 2013

Diluted NAV (per share):*	1,161.4p
Share price per ordinary share:	1,142.0p
Ordinary share price discount to diluted NAV	1.7%
Total net assets:	£433.5m
Net yield:	2.0%
Market Capitalisation:	£426.2m
Gearing:	Nil%
Ordinary shares in issue:	37,324,698

The NAV calculations are based on the valuations of the portfolio as at 30 June 2013, with any subsequent investment completed by 31 August 2013 accounted for at cost; in addition, adjustments are made for capital and income realisations, exchange rate movements, changes in the value of quoted securities, dividends payable and expenses incurred during the period to 31 August 2013.  No other valuation adjustments are reflected or income is recognised in the balance sheet and or income statement.

The valuations of the portfolio at 30 June 2013 were using market multiples at that date and therefore do not reflect changes in the ratings of comparable listed companies between 1 July 2013 and 31 August 2013.  The book value of the unquoted portfolio will next be updated, as usual, at 31 December 2013, taking account of each company's maintainable earnings and ratings of comparable businesses in the relevant listed markets at that time, in accordance with IPEV guidelines.

Sector Analysis

Sector	Net Assets
	%
TMT	39.0
Services	8.4
Industrials	6.8
Healthcare	6.8
Renewable Energy	4.2
Consumer & Leisure	4.1
Other	2.0
Cash and other liquid assets	28.7
	100.0

Ten Largest Investments                                           

Company	Net Assets %		Sector
Visma	7.4		TMT
IRIS	6.3		TMT
TeamSystem	5.7		TMT
Achilles	4.5		TMT
Nair & Co	4.4		Services
JLA	4.0		Services
Voyage Care	3.1		Healthcare
Lumesse	3.0		TMT
QUNDIS	3.0		Industrials
SimonsVoss	2.9		Industrials
	44.3

06 September 2013

 

END

 

 

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