Temple Bar Investment Trust Plc
Interim Management Statement
For the quarter ended 30 September 2010
Objective
The Company's investment objective is to provide growth in income and capital
to achieve a long term total return greater than the benchmark FTSE All-Share
Index, through investment primarily in UK securities. The Company's policy is
to invest in a broad spread of securities with typically the majority of the
portfolio selected from the constituents of the FTSE 100 Index.
Material Events and Transactions
An interim dividend of 10.50p per share was paid on 30 September 2010 to
shareholders on the register as at 17 September 2010.
There were no changes to the Company's share capital over the period.
Top Ten Holdings as at 30 September 2010
% total assets
HSBC 8.01
Royal Dutch Shell (`B' shares) 7.52
GlaxoSmithKline 7.03
BP 6.64
Unilever 5.85
Vodafone 5.30
Signet Jewelers 5.27
AstraZeneca 4.76
Travis Perkins 3.54
British American Tobacco 2.87
56.79
Financial Performance
Quarter to Half Year to
30 September 30 June
2010 2010
Total assets less current liabilities £550.94m £509.48m
NAV total return 4.65% (5.95)%
Dividend yield 4.27% 4.55%
NAV per share (debt at book value) 826.68p 756.56p
NAV per share (debt at market value) 808.15p 741.18p
Price per share 784.00p 736.00p
Discount (debt at market value) 2.99% 0.70%
Discount (debt at book value) 5.16% 2.72%
Benchmark NAV total return
FTSE All-Share Index 6.65% (6.15)%
FTSE 350 Higher Yield index 0.40% (10.89)%
Note: The directors are not aware of any significant events or transactions
which have occurred between the date of the financial information and the date
of publication, which would have a material impact on the financial position of
the Company.
The net asset value is published on a weekly basis and other useful background
information on the Company including downloads of published documentation such
as previous Annual Reports and Monthly Fact Sheets can be found at
www.templebarinvestments.co.uk.
Company Information
Launch date 1926
Year end 31 December
Results
Final Announcement in February 2011
Interim Announcement in July 2011
Dividend payments March, September
Price information Published in the Financial Times under `Investment
Companies'.
Contact
Martin Slade
Investec Asset Management Limited
2 Gresham Street
London EC2V 7QP
Tel: +44 (0)20 7597 1942
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