Interim Management Statement
October 28 2010 - 3:36AM
UK Regulatory
TIDMOAP1
The announcement made on 28 October 2010 at 10:21 a.m was incorrectly titled. It
should have read Interim Management statement. Please find below the full and
correct version.
Octopus Apollo VCT 1 PLC
Interim Management Statement
28 October 2010
In accordance with Rule 4.3 of the UK Listing Authority's Disclosure and
Transparency rules, Octopus Apollo VCT 1 plc ("Apollo 1" or "Fund") presents an
Interim Management Statement for the period 1 August 2010 to 30 September
2010. The statement also includes relevant financial information between the
end of the period and the date of this statement.
Financial Summary
+-----------------------------+-------------------------+----------------------+
| | 8 months to 30 September| 6 months to 31 July|
| | 2010| 2010|
+-----------------------------+-------------------------+----------------------+
| | | |
+-----------------------------+-------------------------+----------------------+
|Net assets ( GBP'000s) | 7,887| 7,925|
+-----------------------------+-------------------------+----------------------+
|Net profit/(loss) after tax | | |
|( GBP'000s) | (64)| (24)|
+-----------------------------+-------------------------+----------------------+
|Net asset value per share | | |
|("NAV") | 90.70p| 91.20p|
+-----------------------------+-------------------------+----------------------+
|Cumulative dividends paid | | |
|since launch | 5.75p| 5.75p|
+-----------------------------+-------------------------+----------------------+
|NAV plus cumulative dividends| | |
|paid | 96.45p| 96.95p|
+-----------------------------+-------------------------+----------------------+
Investment performance
At 30 September 2010 the NAV plus cumulative dividends paid of the Fund was
96.45p, which compares to 96.95p at 31 July 2010. The performance of the Fund
has been relatively stable in the period under review due to a proportion of its
assets being held in cash and cash equivalent securities, and because there have
been no changes in the valuations of the companies in its portfolio.
During the period under review the funds previously invested into Vulcan
Services II Limited were deployed into Bluebell Telecom Limited, a company
providing landline, mobile and data solutions to businesses.
Top Ten Unquoted Qualifying Investment Portfolio by Value as at 30 September
2010
+------------------------+------------------+------------------+---------------+
| | | Carrying value| |
|Company | Investment class| GBP'000|% of Net Assets|
+------------------------+------------------+------------------+---------------+
|Clifford Thames Group | | | |
|Limited | Automotive| 966| 12.2%|
+------------------------+------------------+------------------+---------------+
|Diagnos Limited | Automotive| 825| 10.5%|
+------------------------+------------------+------------------+---------------+
|Pubco Services Limited |Restaurants & bars| 750| 9.5%|
+------------------------+------------------+------------------+---------------+
|CSL DualCom Limited | Security devices| 700| 8.9%|
+------------------------+------------------+------------------+---------------+
|Salus Services 1 Limited| Care homes| 614| 7.8%|
+------------------------+------------------+------------------+---------------+
|Bruce Dunlop & | | | |
|Associates International| | | |
|Limited | Media| 509| 6.5%|
+------------------------+------------------+------------------+---------------+
|Tristar Limited |Chauffeur services| 500| 6.3%|
+------------------------+------------------+------------------+---------------+
|Greenco Services Limited| Environmental| 500| 6.3%|
+------------------------+------------------+------------------+---------------+
|Bluebell Telecom Limited| Telecommunication| 225| 2.9%|
+------------------------+------------------+------------------+---------------+
|Businessco Services 2 | | | |
|Limited | Business services| 200| 2.5%|
+------------------------+------------------+------------------+---------------+
Dividends
For the period ended 31 July 2010, the Board declared a dividend of 1.50p per
share. This dividend will be paid on 29 October 2010 to those shareholders who
are on the register on 8 October 2010.
Material events and transactions
The Fund's Board is not aware of any other significant event or transaction
which has occurred between the 1 October 2010 and the date of publication of
this statement which would have a material impact on the financial position on
the Fund.
For further information please contact:
Stuart Nicol - Fund Manager
Octopus Investments Limited - 0800 316 2347
ENDS
[HUG#1456495]
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Octopus Apollo VCT1 plc via Thomson Reuters ONE
Octopus App.1 (LSE:OAP1)
Historical Stock Chart
From May 2024 to Jun 2024
Octopus App.1 (LSE:OAP1)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about Octopus App.1 (London Stock Exchange): 0 recent articles
More Octopus App.1 News Articles