Interim Management Statement

RNS Number : 3706G

Shires Income PLC

29 January 2010

 



Shires Income plc

Interim Management Statement - 3 months to 31 December 2009

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 2009 to 31 December 2009, 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 2009 to the London Stock Exchange on 11 November 2009. The Company has declared a second interim dividend of 3p per share payable on 29 January 2010 to shareholders on the register on 8 January 2010.

Ten largest equity holdings at 31 December 2009

	% of portfolio
Shires Smaller Companies	5.1
British American Tobacco	4.6
BP	3.5
Royal Dutch Shell "B"	3.5
Centrica	3.0
HSBC	3.0
Vodafone	2.8
AstraZeneca	2.7
National Grid	2.5
GlaxoSmithKline	2.4
Total	33.1
Total number of investments	55

Sector allocation as at 31 December 2009

	%
Financials	44.5
Consumer Goods	12.0
Consumer services	10.7
Oil & Gas	7.9
Industrials	7.8
Utilities	5.7
Health Care	5.5
Telecommunications	2.9
Basic Materials	2.9
Technology	0.1
Total	100.0

General description of Company's financial position and performance as at 31 December 2009

	£m
Equities	49.8
Fixed Income	21.9
Total Investments	71.7
Net current assets	1.7
Debt	(19.8)
Net assets	53.6
Equity Gearing	(7.0)%
Total Gearing	33.8%

Cumulative performance (%)*

	as at	1 month	3 months	6 months	1 year	3 years	5 years
	31/12/09
Share Price	170.8p	-1.0	7.0	34.9	37.5	-29.1	-2.9
NAV	174.3p	3.0	4.1	44.8	30.7	-28.4	0.9
FTSE All-Share		4.3	5.5	29.1	30.1	-4.0	36.8

Discrete performance (%)*

	31/12/09	31/12/08	31/12/07	31/12/06	31/12/05
Share Price	37.5	-38.0	-16.8	15.8	18.2
NAV	30.7	-39.9	-8.9	15.9	21.6
FTSE All-Share	30.1	-29.9	5.3	16.8	22.0

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 and Morningstar

*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

29 January 2010 

 

END

 

 

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