Business
Interim Results for six month
Interim Results for six month.
About this update from Livermore Investments Group Limited
[{"type":"text","content":"\n RNS Number : 6139S Livermore Investments Group Limited 14 September 2010 \n \n\n13 September, 2010\nLIVERMORE INVESTMENTS GROUP LIMITED\n(\"Livermore\" or \"Company\")\n \nUNAUDITED INTERIM RESULTS FOR SIX MONTHS ENDED 30 JUNE 2010\n \nLivermore Investments Group Limited (the \"Company\" or \"Livermore\")today announces its interim results for the six months ended 30 June 2010. \nHighlights\n· Net Asset Value per share - USD 0.46 (June 2009: USD 0.53, December 2009: USD 0.44) representing a gain of 4.6% during the first six months of 2010\n· Net cash, cash equivalents and marketable securities at 30 June 2010 increased by USD 4.7m to USD 54.1m (June 2009: USD 28.7m, December 2009: USD 49.4m) in the first six months of 2010\n· Portfolio of financial assets generated a 24.8% annualized return on the net average invested amount\n· Successfully rented all apartments at Wyler Park, Bern. The property is now 100% let\n· Total administrative expenses during the period (excluding provisions for legal and other matters) were USD 1.3m, representing 1% of the NAV\n· Improved trading environment relating to most investments.\n\nFor further investor information please go to www.livermore-inv.com.\n\n\n\n\nLivermore Investments Group Ltd.\n\n\n \n\n\n\n\nRon Baron, Chief Investment Officer\n\n\n+ 41 433 443 200\n\n\n\n\n \n\n\n \n\n\n\n\nMatrix Corporate Capital LLP (NOMAD)\n\n\n+44 (20) 3206 7000\n\n\n\n\nStephen Mischler\n\n\n \n\n\n\n\nTim Graham\n \n\n\n \n\n\n\n\nHudson Sandler (PR agency)\n\n\n+44 (20) 7796 4133\n\n\n\n\nMichael Sandler\n\n\n \n\n\n\n\n\n\nChairman's and Chief Executive's Review\nIntroduction\nWe are pleased to announce the interim financial results for Livermore Investments Group Limited (\"Livermore\" or \"the Company\") for the half year ended 30 June 2010. \nDuring the first half of 2010, the Company generated a positive performance despite weak equity markets and weakening outlook for global growth. Overall NAV increased by 4.6% to USD 0.46 per share. During the reporting period, management focused on the financial portfolio with increased exposure to credit markets, which pr...