OVCT Octopus Vct

 
TIDMOVCT 
 
Octopus VCT PLC 
Interim Management Statement 
 
18 December 2012 
In accordance with Rule 4.3 of the UK Listing Authority's Disclosure and 
Transparency rules, Octopus VCT plc ("Fund" or "Company") presents an Interim 
Management Statement for the period 1 September 2012 to 30 November 2012. The 
statement also includes relevant financial information between the end of the 
period and the date of this statement. 
 
Financial Summary 
+----------------------------+-------------------------+-----------------------+ 
|                            |       Nine months to 30 |Six months to 31 August| 
|                            |            November 2012|                   2012| 
+----------------------------+-------------------------+-----------------------+ 
|Net assets ( GBP'000)          |                   50,263|                 49,967| 
+----------------------------+-------------------------+-----------------------+ 
|Return on ordinary          |                         |                       | 
|activities after tax ( GBP'000)|                      767|                    570| 
+----------------------------+-------------------------+-----------------------+ 
|Net asset value per share   |                         |                       | 
|('NAV')                     |                    95.2p|                  95.8p| 
+----------------------------+-------------------------+-----------------------+ 
|Cumulative dividends paid   |                     3.0p|                   2.0p| 
+----------------------------+-------------------------+-----------------------+ 
|NAV plus cumulative         |                         |                       | 
|dividends paid              |                    98.2p|                  97.8p| 
+----------------------------+-------------------------+-----------------------+ 
 
Performance 
The total return, being the net asset value (NAV) plus cumulative dividends of 
the Fund was 98.2p as at 30 November 2012, which compares to 97.8p as at 31 
August 2012. The Fund has continued to make progress as a result of the 
consistent income stream over and above the running costs of the Fund. 
 
There have been no changes to any unquoted investment valuations during the 
period under review and a small decrease in the fair value of EKF Diagnostics 
plc, the Funds only quoted investment, of  GBP25,000. 
 
Investment activity 
During the period under review, Octopus VCT plc invested a further  GBP200,000 into 
Shakti Power Limited, a company operating in the renewable energy sector. A 
partial repayment of  GBP124,000 was also received reducing the principle loan to 
Michabo Power Limited. 
Top ten investment portfolio by value as at 30 November 2012 
+------------------------+----------------+--------------------+---------------+ 
|Company                 |Investment class|Carrying value  GBP'000|% of Net Assets| 
+------------------------+----------------+--------------------+---------------+ 
|CSL Dualcom Limited     |        Security|               3,839|           7.6%| 
+------------------------+----------------+--------------------+---------------+ 
|Helaku Power Limited    |           Solar|               3,277|           6.5%| 
+------------------------+----------------+--------------------+---------------+ 
|Borro Loan 2 Limited    |Consumer finance|               2,000|           4.0%| 
+------------------------+----------------+--------------------+---------------+ 
|Shakti Power Limited    |           Solar|               1,665|           3.3%| 
+------------------------+----------------+--------------------+---------------+ 
|GreenCo Services 2      |                |                    |               | 
|Limited                 |           Solar|               1,600|           3.2%| 
+------------------------+----------------+--------------------+---------------+ 
|3AM Music Limited       |           Media|               1,500|           3.0%| 
+------------------------+----------------+--------------------+---------------+ 
|Salus Services 2 Limited|      Care homes|               1,000|           2.0%| 
+------------------------+----------------+--------------------+---------------+ 
|Personnel Advisory      |                |                    |               | 
|Services Limited        |           Solar|               1,000|           2.0%| 
+------------------------+----------------+--------------------+---------------+ 
|Saas Business Services  |                |                    |               | 
|Limited                 |           Solar|               1,000|           2.0%| 
+------------------------+----------------+--------------------+---------------+ 
|Resilient Corporate     |                |                    |               | 
|Services Limited        |           Solar|               1,000|           2.0%| 
+------------------------+----------------+--------------------+---------------+ 
Material events and transactions 
The Fund's Board is not aware of any other significant event or transaction 
which has occurred between the 1 December 2012 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: 
Benjamin Davis - Fund Manager 
Octopus Investments Limited - 0800 316 2347 
 
ENDS 
 
 
 
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 VCT PLC via Thomson Reuters ONE 
[HUG#1666132] 
 

Octopus Vct (LSE:OVCT)
Historical Stock Chart
From May 2024 to Jun 2024

Octopus Vct (LSE:OVCT)
Historical Stock Chart
From Jun 2023 to Jun 2024