Business
Final Results 31 March 2016
Final Results 31 March 2016.
About this update from Caledonia Investments Plc
[{"type":"text","content":"\n \nRNS Number : 6697Y Caledonia Investments PLC 19 May 2016 \n\nCaledonia Investments plc\nFinal results for the year ended 31 March 2016\n \nFinancial highlights\n\n\n\n\n \n\n\n31 Mar 2016 \n\n\n31 Mar 2015 \n\n\nChange \n\n\n\n\nNet asset value per share total return\n\n\n2.6% \n\n\n14.2% \n\n\n \n\n\n\n\nNet asset value per share\n\n\n2890p \n\n\n2906p \n\n\n-0.6% \n\n\n\n\nNet asset value\n\n\n£1,644m \n\n\n£1,627m \n\n\n1.1% \n\n\n\n\nAnnual dividend per share\n\n\n52.6p \n\n\n50.6p \n\n\n4.0% \n\n\n\n\n \nHighlights\n \n\n\n\n\n-\n\n\nNAV total return 2.6% for the year ended 31 March 2016\n\n\n\n\n \n\n\n \n\n\n\n\n-\n\n\nAnnual dividend up 4.0% to 52.6p per share, the forty-ninth consecutive annual increase\n\n\n\n\n \n\n\n \n\n\n\n\n-\n\n\nContinued outperformance against the FTSE All-Share over ten years\n\n\n\n\n \n\n\n \n\n\n\n\n-\n\n\nVolatility in the global equity markets was more than offset by the strong performance from the Unquoted and Funds pools\n\n\n\n\n \n\n\n \n\n\n\n\n-\n\n\nTwo sizeable acquisitions in the year - Seven Investment Management for £74m and Gala Bingo for £92m, both trading in line with expectations\n\n\n\n\n \n\n\n \n\n\n\n\n-\n\n\nCompleted sale of TGE Marine generating proceeds of £79m (3.5x multiple of money invested)\n\n\n\n\n \n\n\n \n\n\n\n\n-\n\n\nYear end net cash of £23m and unutilised facilities of £175m\n\n\n\n\n \nWill Wyatt, Chief Executive, commented:\n \n\"Caledonia has reported another year of positive performance, demonstrating the continued effectiveness of our longer term investment strategy. We achieved an NAV total return of 2.6% in a year when markets fell and increased the annual dividend by 4%, the 49th consecutive year of dividend growth.\n \n\"Our investment strategy focuses on high quality businesses and funds providing shareholders with a balanced exposure to asset classes and markets. This has been key in our ability to maintain our outperformance of the FTSE All-Share over the long term. Markets remain volatile, however, we are confident that our investment strategy will continue to deliver its return objectives over the long term, including a sustainable growing annual dividend.\"\n&n...