Interim Management Statement

RNS Number : 3007S
British Portfolio Trust PLC
07 September 2010
 



British Portfolio Trust PLC

 

Interim Management Statement

 

For the quarter ended 31 July 2010

 

This interim management statement relates to the quarter from 1 May 2010 to 31 July 2010 and contains information for that period unless otherwise stated. This statement is produced to provide information in accordance with the UK Listing Authority's Disclosure and Transparency Rules.

 

 

Investment objective

 

The objective of British Portfolio Trust plc is to provide growth in capital and income through a policy of investing in UK listed companies.  Such equities will consist mainly of shares in FTSE 100 companies, but will also include medium-sized and smaller companies.

 

 

Portfolio

 

Top ten holdings at 30 July 2010 and percentage of total gross assets

 

                     £

%

Vodafone

2,977,236

6.33

GlaxoSmithKline

2,922,152

6.21

HSBC

2,725,480

5,79

BP

2,599,728

5.52

BG Group

1,879,008

3.99

Unilever

1,505,430

3.20

Royal Dutch Shell "B"

1,505,386

3.20

Rio Tinto

1,442,976

3.07

Cobham

1,349,684

2.87

Reed Elsevier

1,222,426

2.60

 

 

Material events and transactions

 

During the period 1,028,000 ordinary shares were purchased for cancellation, and since 31st July 2010 to date a further 290,000 ordinary shares have been purchased for cancellation.

 

 

 

Financial Performance to 30 July 2010

 




% change




3m

6m

1yr

3yrs

5yrs

Share price

-2.73

  3.37  

27.58   

-21.94 

4.52 

Net Asset Value            

-4.35

   3.26    

26.98  

-21.72

1.58 

Benchmark*

-4.40

4.04

19.35  

       -7.37

   22.69  

 

Source: Datastream

Total return with net dividends reinvested and net of fees.

* FTSE All-Share Total Return



 

Financial position at 30 July and 3 September 2010

 



30 July


3 September

Total gross assets


£47,057,643


£47,563,248

Net assets


£43,216,737


£44,242,662

Share price


130p


133p

Net asset value1


135.81p


140.32p

Discount2


-4.3%


-5.2%

Gearing  3


5.2%


7.3%

Historic Dividend Yield


3.9%


3.8%

 

1 Debt at book value on an income basis

 Capital & income net asset values are calculated and announced daily.

2 The discount is the difference between the share price and the NAV (debt at book value) per share expressed as a percentage of the NAV per share.

3 Actual gearing - net of cash.

 

 

Company Information

 

Launch date


2001

EPIC


BPO

Year end


31 October

Report and Accounts


Final posted January, half-yearly posted June

AGM


February

Dividends


September and March

Price Information


Financial Times, The Daily Telegraph,  www.rcm.com/investmenttrusts

 

 

Investor information

 

Further up to date information, including Net Asset Values and share prices, and the latest available factsheets and portfolio information, is provided on the Manager's website, which can be accessed via www.britishportfoliotrust.co.uk.   Investor Services can be contacted on 020 7065 1407 and information can also be obtained from the Manager's helpline on 0800 317 573.

 

 

 

By order of the Board.

British Portfolio Trust PLC

 

155 Bishopsgate

London EC2M 3AD

7th September 2010


This information is provided by RNS
The company news service from the London Stock Exchange
 
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