Business
Valuation as at 30th June 06
Valuation as at 30th June 06.
About this update from Audioboom Group Plc
[{"type":"text","content":"\n Off-Plan Fund Limited (The)\n04 August 2006\n\n\nFor immediate release 4 August 2006\n\n \n The Off-plan Fund Limited\n\n\n Valuation as at 30 June 2006\n\n\nThe Board of The Off-plan Fund Limited (the 'Fund'), which specialises in\nproviding forward finance to UK housebuilders, is pleased to announce the Fund's\nquarterly valuation for the period ending 30 June 2006.\n\n\n •Using Red Book* valuations for the underlying properties, the estimated\n net asset value for the Fund is £8.8m (95.1p per share) as at 30 June 2006.\n (90.75p as at 31 March)\n\n\n •The net asset value of the Fund prepared under historical cost convention\n as at that date is £7.9m (84.6p per share). (85.1p as at 31 March)\n\n\n\n* The Red Book is the Asset Valuation Practice and Guidance Notes of the Royal\nInstitution of Chartered Surveyors and is the industry standard method for\nvaluing investment properties. The valuations were prepared by Colliers CRE as\nat 31 March 2006, the date of the last financial statements and by Dears Brack\nas at 27th April 2006 the date the Fund purchased the development at Oldham\nPlace.\n\n\n\nList of Contacts\nDevelopment Capital Management\nRoger Hornett\nRupert Phillips\n020 7399 4270\n\n\nNumis Securities\nAdam Shapton\nCharles Farquhar\n020 7776 1500\n\n\nBuchanan Communications\nCharles Ryland\nIsabel Podda\n020 7466 5000\n\n\n\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":1803,"tagName":"div"}]