TP70 2010 VCT PLC 3rd Quarter Results (4018V)
11 Enero 2013 - 9:48AM
UK Regulatory
TIDMTP7V
RNS Number : 4018V
TP70 2010 VCT PLC
11 January 2013
TP70 2010 VCT plc
11 January 2013
TP70 2010 VCT plc has pleasure in submitting its Interim
Management Statement for the period ended 30 November 2012. This
constitutes the Company's second Interim Management Statement for
the year ended 28 February 2013, as required by the UK Listing
Authority's Disclosure and Transparency Rule 4.3.
Net assets at 30 November 2012 comprised:
30 November 2012 31 August 2012 29 February 2012
Unaudited Unaudited Audited
GBP'000 % investments GBP'000 % investments GBP'000 % investments
-------- -------------- -------- -------------- -------- --------------
VCT qualifying
unquoted investments 5,665 76.4 5,665 75.6 3,800 50.3
Non VCT qualifying
investments:
GAM Trading
1.25XL 707 9.6 719 9.6 1,265 16.8
Derivative 989 13.3 1,036 13.8 1,032 13.7
Money Market
funds - - - - 900 11.9
Cash and cash
equivalents 55 0.7 78 1.0 554 7.3
-------- -------------- -------- -------------- -------- --------------
Total Investments 7,416 100.0 7,498 100.0 7,551 100.0
-------- -------------- -------- -------------- -------- --------------
Other assets
& liabilities (10) (13) (19)
-------- -------- --------
Net assets 7,406 7,485 7,532
-------- -------- --------
Net asset value
per share 84.68p 85.58p 86.12p
The reduction in net asset value per share for the quarter
reflects a GBP20,000 excess of running expenses over loan interest
income and a GBP59,000 loss on the Company's GAM exposure.
Investment Activity
The Company has 76% of its investments invested in VCT
qualifying investments. The Company has satisfied the requirement
of being 70% invested in qualifying investments a year ahead of its
target date.
The qualifying investment portfolio can be categorised as
follows:
Electricity Generation
Solar Anaerobic Landfill Total Qualifying
Industry Sector Cinema Digitisation PV Digestion Gas Investments
------------------------ -------------------- ------- ----------- --------- -----------------
Qualifying Investments
GBP'000 1,000 3,300 725 640 5,665
------------------------ -------------------- ------- ----------- --------- -----------------
Qualifying Investments
% 17.65% 58.25% 12.80% 11.30% 100.00%
------------------------ -------------------- ------- ----------- --------- -----------------
The Company has an overall exposure of 23% to GAM Trading
comprising both a derivative and direct exposure to GAM Trading
1.25XL. With leverage this exposure equates to 45% of the Company's
net asset value.
Material Events and Transactions
During the period no shares were issued and no shares were
purchased by the Company for cancellation.
Further Information
For further information, please contact Claire Ainsworth or
Chris Tottle at Triple Point Investment Management LLP on 0207 201
8989.
This information is provided by RNS
The company news service from the London Stock Exchange
END
QRTBUGDBUSBBGXB
TP70 2010 Vct (LSE:TP7V)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
TP70 2010 Vct (LSE:TP7V)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
