Business
Quarterly Update to 31 December 2015
Quarterly Update to 31 December 2015.
About this update from Tooru Plc
[{"type":"text","content":"\n \nRNS Number : 7575V Paternoster Resources PLC 20 April 2016 \n\n \n20 April 2016\n \nPATERNOSTER RESOURCES PLC\n\"Paternoster\" or the \"Company\"\n \n \nQuarterly Update to 31 December 2015\n \nPaternoster Resources plc, the investing company focused on the natural resources sector, is pleased to provide a quarterly update to 31 December 2015.\n \nThe key unaudited performance indicators are set out below. \n \n\n\n\n\nCOMPANY STATISTICS\n\n\n31 December 2015\n\n\n30 September 2015\n\n\n Change \n\n\n\n\nNet asset value\n\n\n£2,948,406\n\n\n£3,024,948\n\n\n(2.5)%\n\n\n\n\nNet asset value - fully diluted per share\n\n\n0.32p\n\n\n0.44p\n\n\n(27.3)%\n\n\n\n\nClosing share price\n\n\n0.185p\n\n\n0.17p\n\n\n8.8%\n\n\n\n\nShare price premium/(discount) to net asset value\n\n\n(42%)\n\n\n(62%)\n\n\n-\n\n\n\n\nMarket capitalisation\n\n\n£1,707,000\n\n\n£1,144,000\n\n\n49.0%\n\n\n\n \n \n \n \n \n\n\n\n \n \n \n\n\n\n\nCategory\n\n\nPrincipal investments\n\n\nCost or valuation (£)\n\n\n\n\n \n\n\n \n\n\n \n\n\n\n\nUnlisted/pre IPO\n\n\nBison Energy Services Limited, Andiamo Exploration Limited, Elephant Oil Limited, MX Oil plc and Alecto Minerals plc\n\n\n947,221\n\n\n\n\n \n\n\n \n\n\n \n\n\n\n\nListed\n\n\nMetal Tiger plc, MX Oil plc, Plutus Powergen plc, Shumba Coal Limited and New World Oil and Gas plc\n\n\n1,455,438\n\n\n\n\n \n\n\n \n\n\n \n\n\n\n\nInvestment portfolio\n\n\n \n\n\n2,402,659\n\n\n\n\n \n\n\n \n\n\n \n\n\n\n\nCash resources \n\n\n \n\n\n464,570\n\n\n\n\n \n\n\n \n\n\n \n\n\n\n\nTotal\n\n\n \n\n\n2,867,229\n\n\n\n\n \n \nSince the Company's last quarterly update, the Company's net asset value has remained broadly flat, principally as a result of a significant decrease in the Plutus PowerGen share price, an investment which represented a substantial percentage of the Company's portfolio, offset by some small gains within the rest of the portfolio and the new funds raised. This has resulted in a decrease in net asset value per share. However, since the 31 December 2015, certain of the Company's other investments have performed very strongly, the results of which will be included in the Company's...