RNS Number : 3882S
Artemis Alpha Trust PLC
08 September 2010
Artemis Alpha Trust plc (the "Company")
Interim management statement - 3 months ended 31 July 2010
Introduction
The Company has prepared this interim management statement to meet the requirements of the UK Listing Authority's Disclosure Rules and Transparency Rules. It covers the three month period ended 31 July 2010, together with relevant information up to the date of publication.
Investment objective
Artemis Alpha Trust plc aims to achieve above average rates of total return over the longer-term and to achieve a growing dividend stream.
Material events & transactions
The Company announced its results for the year ended 30 April 2010 during the period, including the declaration of a second interim dividend for the year to 30 April 2010 of 1.60p per ordinary share. This dividend was paid on 20 August 2010.
During the period, the Company has purchased 137,000 ordinary shares at an average discount of 8.3%. All shares repurchased are currently being held in treasury. As at the date of this statement, the discount to diluted net asset value at which the Company's shares trade was 5.7%.
General financial information
|
|
7 September 2010
|
31 July 2010
|
30 April 2010
|
|
Net asset value (basic)
|
290.04p
|
282.38p
|
298.47p
|
|
Net asset value (diluted)
|
260.04p
|
253.46p
|
266.77p
|
|
Share price
|
245.25p
|
235.50p
|
256.50p
|
|
Net assets
|
£86.9m
|
£84.6m
|
£89.8m
|
|
Market capitalisation
|
£73.5m
|
£70.5m
|
£77.2m
|
|
|
|
|
|
|
Number of shares in issue
|
29,956,203
|
29,956,203
|
30,093,203
|
|
Number of shares in treasury
|
551,500
|
551,500
|
414,500
|
|
Number of manager warrants in issue
|
6,568,982
|
6,568,982
|
6,568,982
|
Ten largest equity investments
|
Investment
|
% of portfolio at 7 September 2010
|
% of portfolio at 31 July 2010
|
% of portfolio at 30 April 2010
|
|
Vostok Energy
|
10.6
|
10.6
|
10.4
|
|
Hurricane Exploration
|
6.8
|
7.0
|
6.7
|
|
Salamander Energy
|
4.8
|
5.1
|
5.0
|
|
New Britain Palm Oil
|
3.5
|
3.1
|
3.2
|
|
R.E.A. Holdings
|
3.2
|
2.7
|
2.4
|
|
Ideal Shopping Direct
|
3.1
|
3.3
|
2.5
|
|
Macau Property Opportunities
|
2.6
|
2.6
|
2.6
|
|
Reaction Engines
|
2.5
|
2.6
|
1.5
|
|
Lynton Holding Asia
|
2.3
|
2.3
|
2.3
|
|
Cove Energy
|
2.2
|
3.6
|
2.5
|
Sector analysis
|
Sector
|
% of portfolio at 7 September 2010
|
% of portfolio at 31 July 2010
|
% of portfolio at 30 April 2010
|
|
Oil & Gas Producers
|
40.3
|
41.6
|
40.5
|
|
Financial Services
|
9.8
|
10.2
|
9.5
|
|
Food Producers
|
7.9
|
6.2
|
6.0
|
|
General Retailers
|
6.2
|
6.5
|
5.1
|
|
Real Estate Investment & Services
|
5.9
|
6.1
|
5.9
|
|
Industrial Engineering
|
5.2
|
5.0
|
5.6
|
|
Aerospace & Defence
|
4.8
|
4.9
|
3.8
|
|
Health Care Equipment & Services
|
2.5
|
2.3
|
2.2
|
|
Mining
|
2.2
|
2.2
|
2.3
|
|
Software & Computer Services
|
1.9
|
2.0
|
3.3
|
|
Other
|
13.3
|
13.0
|
15.8
|
Performance
|
|
3 months
|
1 year
|
3 years
|
Since 1 June 2003 **
|
|
Net asset value - basic *
|
(4.9)%
|
34.3%
|
18.8%
|
326.2%
|
|
Net asset value - diluted *
|
(4.4)%
|
31.0%
|
16.9%
|
284.8%
|
|
Share price *
|
(7.6)%
|
32.2%
|
15.2%
|
268.8%
|
|
FTSE All-Share Index
|
(4.4)%
|
19.3%
|
(7.4)%
|
76.6%
|
*Source: Artemis Investment Management Limited/Datastream. All figures are to 31 July 2010 and are total returns.
** The date of Artemis' appointment as Investment Manager.
A copy of the interim management statement and further information about the Company can be found on the Investment Manager's website at www.artemisonline.co.uk .
Artemis Investment Management Limited
Company Secretary
Tel: 0131 225 7300
8 September 2010
This information is provided by RNS
The company news service from the London Stock Exchange
END
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