Financial highlights
|
30 Sep 2013 |
31 Mar 2013 |
Change |
|
|
Net asset value per share total return |
+2.0% |
+18.9% |
|
|
Net asset value per share |
2311p |
2299p |
+0.5% |
|
Net asset value |
£1,288m |
£1,299m |
‑0.8% |
|
Interim dividend per share |
13.4p |
12.9p |
+3.9% |
Highlights
|
- |
NAV total return per share up 2% for the six months to 30 September, following a 14.6% increase in the previous six months |
|
- |
Interim dividend of 13.4p per share, up 3.9% |
|
- |
Two new and four follow-on investments of note during the period |
|
- |
Acquisition of Choice Care Group competed; £49.5m equity invested |
|
- |
£172m acquisition of Park Holidays competed post half-year; £88m invested for 100% of equity |
|
- |
NAV per share benefits from continued share buy-back, with £15.0m invested at an average discount of 19.2% in the period |
|
- |
NAV gains continued post period end, with NAV recording a record high of 2394p per share at 31 October |
Will Wyatt, Chief Executive, commented:
"Our portfolio continues to make steady progress, meeting our expectations and consolidating on the significant gains made last year. This solid performance across our portfolio, supported by good income generation, meets our objective to pay an increasing dividend while also delivering capital value for our shareholders.
"It is encouraging that this progress has continued since the half year, with the October NAV per share reaching a new high."
