Interim Management Statement

RNS Number : 4021X

Edinburgh Worldwide Inv Trust PLC

07 February 2013

 



Edinburgh Worldwide Investment Trust plc

Interim Management Statement – 3 Months to 31 January 2013

Edinburgh Worldwide aims to achieve long term capital growth by investing in listed companies throughout the world. It tends to hold shares in around forty companies and income is not a consideration when selecting investments.

Review of the Period		¾  Over the quarter, the Company's net asset value* total return was 11.5%, compared to a total return of 10.2% in the comparative index. The share price total return was 13.7%. ¾  The final dividend of 1.50p per share was approved at the Annual General Meeting on 31 January 2012 and paid on 6 February 2013. ¾  Over the period, transactions in the Top 20 Equity Holdings included additions to the holdings in Illumina and Rackspace Hosting and part sales of eBay, Atlas Copco, Vale and L'Oréal. Other changes were as a result of market movements. * net asset value calculated on a cum income basis, with debt at fair value.
Top Twenty Equity Holdings* (as a % of total assets)			31/01/13 %	31/10/12 %
		Amazon.com	7.9	7.4
		Apple	5.4	7.7
		PPR	4.9	4.3
		eBay	4.7	5.1
		Tencent	4.5	4.9
		Google	4.1	4.0
		Whole Foods Market	3.9	4.2
		Intuitive Surgical	3.9	4.0
		Inditex	3.9	3.8
		Baidu	3.7	3.9
		Salesforce.com	3.6	3.2
		Novozymes	3.4	3.1
		Atlas Copco	3.0	3.3
		Hermès	3.0	2.7
		Facebook	3.0	2.2
		Illumina	2.7	2.5
		Rackspace Hosting	2.4	1.4
		Vale	2.2	2.5
		L'Oréal	2.0	1.9
		Housing Development Finance Corporation	1.9	1.9
Total			74.1	74.0

*      Rackspace Hosting entered the Top Twenty Equity Holdings and Deere dropped out.

Total Return Performance			%
			3 Months	1 Year		3 Years		5 Years
		Share Price	13.7	18.4		47.6		41.1
		NAV	11.5	15.6		39.7		37.1
		Comparative Index*	10.2	14.9		36.1		38.6
		Source: Morningstar/Baillie Gifford & Co *Comparative Index: MSCI All Countries World Index (in sterling terms). Past performance is not a guide to future performance
General Information					31/01/13		31/10/12
		Share price			317.50p		280.50p
		Net asset value per share† (after deducting borrowings at fair value)			354.07p		318.93p
		Net asset value per share† (after deducting borrowings at par)			355.07p		320.16p
		Discount (borrowings at fair value)			10.3%		12.1%
		Discount (borrowings at par)			10.6%		12.4%
		Total assets (before deduction of  borrowings)			£204.1m		£186.2m
		Total borrowings (at fair value)			£30.6m		£29.9m
		Total borrowings (at par)			£30.1m		£29.3m
		Gearing (borrowings at par)			16.5%		16.5%
		† These figures have been calculated using the AIC cum income basis (includes current financial year retained income). Dividends are not reinvested. This interim management statement and up to date NAV and Share Price information are available at www.edinburghworldwide.co.uk ‡ ‡ Neither the contents of the Managers' website nor the contents of any website accessible from hyperlinks on the Managers' website (or any other website) is incorporated into, or forms part of, this announcement. For further information, contact: Anzelm Cydzik  0131 275 3276  [e-mail]

 

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