Business
Quarterly Update to 31 December 2016
Quarterly Update to 31 December 2016.
About this update from Tooru Plc
[{"type":"text","content":"\n \nRNS Number : 0398Y Paternoster Resources PLC 28 February 2017 \n\n \n \n \n \n \n28 February 2017\n \nPATERNOSTER RESOURCES PLC\n\"Paternoster\" or the \"Company\"\n \n \nQuarterly Update to 31 December 2016\n \nPaternoster Resources plc, the AIM quoted investing company focused on the natural resources sector, is pleased to provide a quarterly update for the three months to 31 December 2016.\n \nHighlights\n· Net asset value per share was double the share price as at 31 December 2016 \n· Total cash held was equivalent to 35% of market capitalisation at the period end\n· Listed investments and cash represented 175% of market capitalisation at the period end\n· Net asset value increased by 2.1% during Q4 2016 \n· Net assets increased by 24% during 2016\n· Share price up 10% since 30 September 2016\n \nNicholas Lee, Chairman of Paternoster, commented: \n \n\"The value of Paternoster's portfolio has continued to increase during the fourth quarter of 2016. Around 90% of its investment portfolio, which is currently worth around £3.65 million, now comprises cash and listed investments.\"\n \nThe key unaudited performance indicators are set out below. \n \n\n\n\n\nCOMPANY STATISTICS\n\n\n31 December 2016\n\n\n30 September 2016\n\n\n Change \n\n\n\n\nNet asset value\n\n\n£3,657,304\n\n\n£3,581,184\n\n\n2.1%\n\n\n\n\nNet asset value - fully diluted per share\n\n\n0.36p\n\n\n0.353p\n\n\n2.0%\n\n\n\n\nClosing share price\n\n\n0.18p\n\n\n0.163p\n\n\n10.4%\n\n\n\n\nShare price premium/(discount) to net asset value\n\n\n(50%)\n\n\n(54%)\n\n\n-\n\n\n\n\nMarket capitalisation\n\n\n£1,829,894\n\n\n£1,661,137\n\n\n10.2%\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 (£)\nat 31 December 2016\n\n\n\n\n \n\n\n \n\n\n \n\n\n\n\nUnlisted/pre-IPO\n\n\nBison Energy Services Limited, Elephant Oil Limited and New World Oil and Gas plc\n\n\n392,149\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 Co...