Interim Management Statement

RNS Number : 3856M

Shires Income PLC

28 January 2009

 



Shires Income plc

Interim Management Statement - 3 months to 31 December 2008

To the members of Shires Income plc

This interim management statement has been produced solely to provide additional information to shareholders as a body to meet the relevant requirements of the UK Listing Authority's Disclosure and Transparency Rules. It should not be relied upon by any other party or for any other purpose.

This interim management statement relates to the period from 1 October 2008 to 31 December 2008, and contains information that covers this period, and up to the date of publication of this interim management statement, unless otherwise specified.

Investment objective

To provide a high level of income together with growth of both income and capital from a portfolio substantially invested in UK equities. 

Benchmark

FTSE All-Share Index Total Return

Material events 

The Company released its interim results for the six months ended 30 September 2008 to the London Stock Exchange on 17 November 2008.

Ten largest equity holdings at 31 December 2008

	% of portfolio
British American Tobacco	4.6
AstraZeneca	3.4
BT	3.0
Centrica	3.0
Shires Smaller Companies	3.0
Vodafone	3.0
Arriva	2.9
Sierra Monitor	2.7
National Grid	2.6
BP	2.5
Total	30.7
Total number of investments	62

Sector allocation as at 31 December 2008

	%
Financials	44.8
Consumer Services	12.6
Consumer Goods	10.3
Telecommunications	6.4
Industrials	6.3
Oil & Gas	6.2
Utilities	6.0
Health Care	5.6
Basic Materials	1.6
Technology	0.2
Total	100.0

General description of Company's financial position and performance as at 31 December 2008

	£m
Equities	46.0
Fixed Income	21.7
Total Investments	67.7
Net current assets / (liabilities)	(4.6)
Index linked Debenture Stock	(19.8)
Net assets	43.3
Equity Gearing	6.3%
Total Gearing	56.3%

Cumulative performance (%)*

	as at	1 month	3 months	6 months	1 year	3 years	5 years
	31/12/08
Share Price	138.0p	8.7	-19.4	-30.0	-39.9	-42.1	-12.5
NAV	148.2p	3.3	-20.7	-25.6	-41.6	-38.3	-8.4
FTSE All-Share		3.7	-10.2	-21.1	-29.9	-13.8	18.6

Discrete performance (%)*

	31/12/08	31/12/07	31/12/06	31/12/05	31/12/04
Share Price	-39.9	-16.8	15.8	18.2	27.9
NAV	-41.6	-8.9	15.9	21.7	22.1
FTSE All-Share	-29.9	5.3	16.8	22.0	12.8

Total Return; NAV to NAV net income reinvested. GBP. Share price total return is on a mid-to-mid basis. 

Dividend calculations are to reinvest as at the ex-dividend date.

Source: Aberdeen Asset Managers Limited, Factset, Financial Times and Fundamental Data

*Please note that past performance is not necessarily a guide to the future and that the value of investments and the income from them may fall as well as rise. Investors may not get back the amount they originally invested.

For Shires Income plc

Aberdeen Asset Management PLC, Secretary

28 January 2009 

 

END

 

 

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