Business
Report for the quarter ended 30 June 2018
Report for the quarter ended 30 June 2018.
About this update from Caledonia Investments Plc
[{"type":"text","content":"\n \nRNS Number : 8585T Caledonia Investments PLC 06 July 2018 \n\n \n \n \nCaledonia Investments plc\nReport for the quarter ended 30 June 2018\n \nCaledonia is a self-managed investment trust company with net assets of £1.9bn. It aims to deliver growth in shareholder capital measured over the long term and in annual dividends. It invests in businesses and funds, both listed and private, in a range of sectors and regions.\n \nCaledonia presents a report of its activities for the quarter ended 30 June 2018 and up to the date of publication.\n \nMaterial events\n\n\n\no\n\n\nNAV per share total return for the quarter was 4.9%. Unquoted investments are revalued in March and September. Consequently, the NAV at 30 June 2018 did not include any unrealised valuation adjustments to unquoted investments in the past three months. NAV increased by 4.0% to £1,911m from £1,837m at 31 March 2018.\n\n\n\n\n\n\n\n\n\n\n\n\no\n\n\nInvestments during the period totalled £111.5m, including a further £14.0m in Gala Bingo, to enable the company to launch an online presence and to rebrand as Buzz Bingo, £31.5m in fund subscriptions and commitment drawdowns and £65.1m in quoted investments in the Quoted and Income pools.\n\n\n\n\n\n\n\n\n\n\n\n\no\n\n\nRealisations during the period totalled £93.1m, including £40.7m from the redemption of shares in the Macquarie Asia New Stars Fund and £15.4m from fund distributions.\n\n\n\n\n\n\n\n\n\n\n\n\no\n\n\nA final dividend of 41.5p per share was proposed on 24 May 2018, an increase of 4.0% over the previous year. Subject to approval by shareholders at the annual general meeting to be held on 19 July 2018, the dividend, totalling £22.8m, will be paid on 9 August 2018 to holders of ordinary shares on the register on 29 June 2018. The ex-dividend date was 28 June 2018.\n\n\n\n \nFinancial position and performance summary\n\n\n\n\n\n\nAt 30 Jun 2018 \n\n\nAt 31 Mar 2018 \n\n\n\n\nNet assets\n\n\n£1,911m \n\n\n£1,837m \n\n\n\n\nNAV per share\n\n\n3405p \n\n\n3285p \n\n\n\n\nDiscount\n\n\n17.5% \n\n\n19.3% \n\n\n\n\n1.\n\n\nNAVs per share are calculated on a diluted, cum-income basis.\n\n\n\n\n2.\n\n\n30 June 2018 was the latest date on which an NAV per share was prepared.\n\n\n\n\n3.\n\n\nCaledonia reviews the valuation of its unquot...