Interim Management Statement (2807F)
20 Avril 2011 - 2:39PM
UK Regulatory
TIDMENG
RNS Number : 2807F
Electric & General Inv Tst PLC
20 April 2011
ELECTRIC & GENERAL INVESTMENT TRUST PLC (the "Company")
Interim Management Statement (Unaudited)
For the three months ended 31 March 2011
Introduction
The Company has prepared this Interim Management Statement ("IMS")
in accordance with the requirements of the UK Listing Authority's
Disclosure and Transparency Rules. The IMS covers the three month
period ended 31 March 2011, together with relevant information
up to the date of publication.
Investment Objective
The Company's objective is to maximise total return whilst pursuing
a progressive dividend policy, where achievable, within the over-riding
objective of capital growth. The Investment Manager seeks to
achieve the Company's investment objectives by investing principally
in a portfolio of quoted international equities. The portfolio
would normally consist of between 60 and 100 holdings, which
is relatively concentrated for a Global Fund.
Material Events
No material events took place in the period that would have had
any impact on the financial position of the Company. Prior to
the period end, the Company announced its results for the half
year ended 31 December 2010, which included the declaration of
an interim dividend of 2.10 pence per share for the year ending
30 June 2011, which was paid on 1 April 2011 to shareholders
on the Register of Members at the close of business on 11 March
2011.
There have not been any changes in the Company's share capital
in the period, which remains at 65,318,174 Ordinary shares in
issue.
Material Transactions
There have not been any material transactions during the period
under review and to the date of publication of this statement.
General Financial Information
At 31 March 2011 At 31 December 2010
Net assets (capital
only)(GBP) 321,858,746 307,848,452
Net asset value ("NAV") per
share (capital only) (p) 492.76 471.31
NAV per share (cum income)
(p) 495.14 473.98
Share price (p) 465.25 450.00
Discount of share price to
NAV (capital only) (%) 5.58 4.52
Market capitalisation (GBP) 303,892,805 293,931,783
Number of Ordinary shares
in issue 65,318,174 65,318,174
Top Ten Investments
% of net assets % of net assets
at at
31 March 2011 31 December 2010
Hutchison Whampoa 2.88 2.68
TAG Immobilien 2.29 2.38
Nestle 2.22 2.43
Newcrest Mining 2.22 2.39
Royal Dutch Shell B 2.17 2.12
Vodafone Group 2.14 2.11
News Corporation 1.97 1.86
Fraport 1.94 1.80
British Sky Broadcasting 1.91 1.79
Orkla 1.90 1.48
Sector Analysis
% of net assets % of net assets
of of
31 March 2011 31 December 2010
Financials 23.81 22.91
Consumer Discretionary 13.77 13.75
Industrial 13.62 14.42
Energy 9.99 10.55
Materials 9.02 8.92
Health Care 8.23 6.86
Telecommunications 7.92 7.75
Consumer Staples 6.67 7.87
Cash 3.91 2.06
Technology 3.39 3.52
Utilities 1.84 3.66
Debentures (2.17) (2.27)
-------- --------
100.00 100.00
Performance for the period ended 31 March 2011
Three months ended One year ended
31 March 2011 31 December 2010
NAV 4.57% 8.48%
Share price 3.39% 20.89%
MSCI World Index (Sterling
excluding income) 1.86% 13.00%
Source: Taube Hodson Stonex Partners LLP/Bloomberg/AIC
A copy of this IMS is available on the Company's website:
www.electricandgeneral.com.
For further information, please contact:
Rhona Gregg
BNP Paribas Secretarial Services Limited
Company Secretary
Tel: 0141 225 3009
20 April 2011
This information is provided by RNS
The company news service from the London Stock Exchange
END
IMSBDGDSIXDBGBG
Electric & General (LSE:ENG)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Electric & General (LSE:ENG)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024
Real-Time news about Elec.& Gen.It (London Stock Exchange): 0 recent articles
Plus d'articles sur Electric & General