OVCT Oberon Aim Vct Plc

 
TIDMOVCT 
 
Octopus VCT PLC 
Interim Management Statement 
 
28 July 2011 
 
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 March 2011 to 30 June 2011. The statement 
also includes relevant financial information between the end of the period and 
the date of this statement. 
 
Financial Summary 
+-----------------------------+-----------------------+------------------------+ 
|                             | Four months to 30 June|  Year ended 28 February| 
|                             |                   2011|                    2011| 
+-----------------------------+-----------------------+------------------------+ 
|Net assets (000s)            |                 GBP49,472|                  GBP49,765| 
+-----------------------------+-----------------------+------------------------+ 
|Net (loss)/profit before tax |                       |                        | 
|(000s)                       |                  GBP(293)|                     GBP492| 
+-----------------------------+-----------------------+------------------------+ 
|Net asset value per share    |                       |                        | 
|('NAV')                      |                  94.7p|                   95.3p| 
+-----------------------------+-----------------------+------------------------+ 
 
Performance 
At 30 June 2011 the NAV of the Fund was 94.7p, which compares to 95.3p as at 28 
February 2011. The performance of the Fund has been relatively stable in the 
period under review, with the NAV reducing slightly due to the standard running 
costs of the VCT exceeding income at this early stage of the Company's life. 
 
There have been no changes to any unquoted investment valuations and a small 
uplift in EKF Diagnostics plc, the Funds only quoted investment, of  GBP12,000. 
 
Investment activity 
In the period under review, Octopus VCT plc has invested a total of  GBP13.8 
million.  GBP1.3 million into CSL Dualcom Limited, a security company,  GBP1.0 million 
into Salus Services Holdings 1 Limited, a company involved in the construction 
of a care home and  GBP1.0 million into Ticketus Services 34 Limited, a company 
involved in the purchasing and re-selling of tickets for events at a margin. 
 
A further  GBP9.8 million of the total invested has been into solar companies that 
have been set up to benefit from the UK government's incentives to increase 
renewable energy production, and  GBP0.7 million has been invested into media 
companies. 
 
Top ten investment portfolio by value as at 30 June 2011 
+-----------------------+-----------------+--------------------+---------------+ 
|Company                | Investment class|Carrying value  GBP'000|% of Net Assets| 
+-----------------------+-----------------+--------------------+---------------+ 
|CSL Dualcom Limited    |         Security|               1,300|           2.6%| 
+-----------------------+-----------------+--------------------+---------------+ 
|Salus Services Holdings|                 |                    |               | 
|1 Limited              |       Care homes|               1,000|           2.0%| 
+-----------------------+-----------------+--------------------+---------------+ 
|Salus Services 2       |                 |                    |               | 
|Limited                |       Care homes|               1,000|           2.0%| 
+-----------------------+-----------------+--------------------+---------------+ 
|Personnel Advisory     |                 |                    |               | 
|Services Limited       |         Advisory|               1,000|           2.0%| 
+-----------------------+-----------------+--------------------+---------------+ 
|GreenCo Services 2     |                 |                    |               | 
|Limited                |    Environmental|               1,000|           2.0%| 
+-----------------------+-----------------+--------------------+---------------+ 
|Saas Business Services |                 |                    |               | 
|Limited                |Business services|               1,000|           2.0%| 
+-----------------------+-----------------+--------------------+---------------+ 
|BusinessCo Services 2  |                 |                    |               | 
|Limited                |Business services|               1,000|           2.0%| 
+-----------------------+-----------------+--------------------+---------------+ 
|Resilient Corporate    |                 |                    |               | 
|Services Limited       |Business services|               1,000|           2.0%| 
+-----------------------+-----------------+--------------------+---------------+ 
|Healthcare Education   |                 |                    |               | 
|Business Services      |                 |                    |               | 
|Limited                |       Healthcare|               1,000|           2.0%| 
+-----------------------+-----------------+--------------------+---------------+ 
|MediaCo Business       |                 |                    |               | 
|Services Limited       |            Media|               1,000|           2.0%| 
+-----------------------+-----------------+--------------------+---------------+ 
 
Dividends 
For the year to 28 February 2011, the Board declared a dividend of 1.0p per 
share.  This dividend will be paid on 29 July 2011 to those shareholders who 
were on the register on 1 July 2011. 
 
Material events and transactions 
The Fund's Board is not aware of any other significant event or transaction 
which has occurred between the 1 March 2011 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 
 
 
 
 
 
 
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#1534229] 
 

Oberon Aim Vct (LSE:OVCT)
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Oberon Aim Vct (LSE:OVCT)
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De Ene 2024 a Ene 2025