Business
Quarterly Update for the Quarter to 30 April 2017
Quarterly Update for the Quarter to 30 April 2017.
About this update from Icg Enterprise Trust Plc Gbp
[{"type":"text","content":"\n Quarterly Update for the Quarter to 30 April 201713 June 2017ICG Enterprise Trust PlcQuarterly UpdateFor the quarter to 30 April 2017HighlightsShare price Total Return1 of 5.7% for the quarter and 39.9% for the 12 months to 30 April 2017Net asset value per share Total Return1 of 0.6% for the quarter and 19.9% for the 12 monthsThe Portfolio1 is valued at £541.1m at 30 April 2017 with underlying growth for the quarter of 2.3% Strong realisations of £76.1m outstripped £17.6m of new investments in the quarter. In the last 12 months realisations and new investments are broadly in balance at £132.3m and £128.5m respectivelyThe Company continued to deliver on a key strategic objective to broaden its geographic diversification: UK exposure at 37.6% is down from 45.1% in the 15 months since the change of manager and US exposure of 24.0% is up from 14.1% over the same period. The performance2 of the Company remains strong over the short, medium and long term, with the share price outperforming the FTSE All-Share Index over one, three, five and ten yearsAs previously announced, and in line with ongoing succession plans being implemented by the Board, Jeremy Tigue is proposed to take over as Chairman at the AGM later todayPerformance to 30 April 20171 year3 year5 year10* year Net asset value per share 19.9% 36.7% 63.6% 112.4% Share price 39.9% 40.6% 102.3% 112.0% FTSE All-Share Index 20.1% 21.8% 58.6% 73.0% * As the Company changed its year end in 2010, the ten year figures are for the 121 month period to 30 April 2017. FootnoteIncluded in this Quarterly Update are Alternative Performance Measures (\"APMs\"). APMs have been used if considered by the Board and the Manager to be the most relevant basis for shareholders in assessing the overall performance of the Company, and for comparing the performance of the Company to its peers and its previously reported results. The Glossary includes further details of APMs and reconciliations to IFRS measures, where appropriate. The rationale for the APMs was discussed in detail in the Manager's Review of the 31 January 2017 Annual Report and Accounts. The Glossary includes a reconciliation of the Portfolio to the most relevant IFRS measure. All performance figures are on a total return basis, including the effect of re-invested dividends. Per...