Business
Final Results 31 March 2017
Final Results 31 March 2017.
About this update from Caledonia Investments Plc
[{"type":"text","content":"\n \nRNS Number : 1767G Caledonia Investments PLC 25 May 2017 \n\nCaledonia Investments plc\nFinal results for the year ended 31 March 2017\n \nStrong annual return drives continued ten year outperformance and 50th consecutive year of annual dividend increases\n \nFinancial highlights\n\n\n\n\n \n\n\n31 Mar 2017 \n\n\n31 Mar 2016 \n\n\nChange \n\n\n\n\nNet asset value per share total return\n\n\n18.0% \n\n\n2.6% \n\n\n \n\n\n\n\nNet asset value per share\n\n\n3395p \n\n\n2890p \n\n\n17.5% \n\n\n\n\nNet assets\n\n\n£1,899m \n\n\n£1,644m \n\n\n15.5% \n\n\n\n\nAnnual dividend per share\n\n\n54.8p \n\n\n52.6p \n\n\n4.2% \n\n\n\n\nSpecial dividend per share\n\n\n100.0p \n\n\n \n\n\n \n\n\n\n\n \nHighlights\n \n\n\n\n\n-\n\n\nNAV total return of 18.0% for the year\n\n\n\n\n \n\n\n \n\n\n\n\n-\n\n\nAnnual dividend up 4.2% to 54.8p per share proposed, the 50th consecutive annual increase\n\n\n\n\n \n\n\n \n\n\n\n\n-\n\n\nSpecial dividend of 100.0p per share proposed\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\nStrong double-digit returns from all four investment pools\n\n\n\n\n \n\n\n \n\n\n\n\n-\n\n\n£247m invested, including £74m in Liberation Group\n\n\n\n\n \n\n\n \n\n\n\n\n-\n\n\n£433m realised, including the sale of Park Holidays for £197m (2.9x on investment, IRR of 44%)\n\n\n\n\n \n\n\n \n\n\n\n\n-\n\n\nCash of £207m and unutilised committed facilities of £175m at year end\n\n\n\n\n \nWill Wyatt, Chief Executive, commented:\n \n\"This has been a strong performance with double digit returns across all four of our investment pools, further extending our long term market outperformance.\n \n\"We are proposing a 4.2% increase in the dividend for our shareholders, the 50th year of unbroken increases in annual dividend. In addition, following a number of successful realisations during the year, the board is proposing an additional 100p per share special dividend.\n \n\"While global markets have witnessed recent significant gains, we remain mindful of political and economic uncertainties in key regions. We will remain disciplined in our inv...