Interim Results
August 22 2000 - 9:05AM
UK Regulatory
RNS Number:8089P
Fleming Claverhouse Inv Trust PLC
22 August 2000
THE FLEMING CLAVERHOUSE INVESTMENT TRUST PLC
Unaudited results for the six months
ended 30th June 2000
The Directors of the Fleming Claverhouse Investment
Trust plc today announce the Company's results for
the six months ended 30th June 2000.
In the six months since the end of the financial year
on 31st December 1999, the Company's net asset value
per share decreased by 4.0% to 512.3 pence and the
share price by 3.5% to 523.5 pence. These results
compare with a decrease of 6.6% in the Company's
benchmark, the FTSE All-Share Index.
The revenue available for ordinary shareholders was
#2,968,000 (1999: #2,970,000). The Directors have
already declared a second interim dividend of 1.70
pence per ordinary share (1999: 1.70p). This is
payable on 1st September 2000 to holders on the
register at the close of business on 4th August 2000.
Fleming Investment Management Limited - Secretary
22nd August 2000
For further information, please contact:
Jonathan Latter
Fleming Investment Management Limited
020 7638 5858
THE FLEMING CLAVERHOUSE INVESTMENT TRUST PLC
UNAUDITED FIGURES FOR THE HALF YEAR ENDED
30TH JUNE 2000
2000 1999
#'000 #'000
REVENUE
Income
Franked dividends 3,823 3,758
Interest from investments 2 -
Foreign income dividends - 41
Scrip dividends 34 196
Deposit interest 232 8
Stock lending fees 10 3
_____ _____
Gross Revenue 4,101 4,006
Less Management fee 449 357
Other administrative expenses 125 155
Interest payable 512 522
______ _____
Return before Taxation 3,015 2,972
Less Taxation 47 2
_____ _____
Return available to ordinary 2,968 2,970
shareholders ==== ====
2000 1999
#'000 #'000
CAPITAL
Movements on investments (13,127) 15,824
Less: Expenses charged to Capital 834 664
Less: Finance costs charged to Capital
951 970
______ ______
Return before Taxation (14,912) 14,190
Taxation 47 2
______ ______
Return attributable to ordinary (14,865) 14,192
shareholders ===== =====
Dividends per ordinary share 3.40p 3.40p
Cost of dividends per ordinary share (#'000)
2,305 2,134
Revenue return per ordinary share 4.53 p 4.76 p
Capital return per ordinary share (22.60) p 22.73 p
Total return per ordinary share (18.13) p 27.49 p
At 30 June 2000
Total Net Assets (#'000) 352,521 288,470
Net Asset Value per Ordinary Share 512.3 p 459.7 p
THE FLEMING CLAVERHOUSE INVESTMENT TRUST PLC
UNAUDITED FIGURES FOR THE HALF YEAR ENDED 30TH JUNE
2000
CASH FLOW STATEMENT
2000 1999
#'000 #'000
Net cash inflow from operating activities
2,505 2,458
Net cash outflow from returns on
investments and
servicing of finance (1,451) (1,482)
Net cash (outflow)/inflow from capital
expenditure
and financial investment (14,186) 1,492
Total equity dividends paid (2,531) (2,708)
Net cash inflow from financing 24,496 201
_____ _____
Increase/(decrease) in cash in the
period
8,833 (39)
===== ====
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