TIDMDNE

RNS Number : 3979Y

Dunedin Enterprise Inv Trust PLC

12 May 2021

Dunedin Enterprise Investment Trust PLC

   LEI:     213800E2VLUZ5AF9Z434

Date: 12 May 2021

   1.       Unaudited net asset value per share

The unaudited net asset value per share at 31 March 2021 was 428.1 p (413.9p at 31/12/20). This represents a total return per share of 3.4 % during the quarter.

   2.       Share price

The share price has increased by from 336 p to 342 p in the quarter to 31 March 2021. The share price total return for the quarter to 31 March 2021 was 1.8 %. This compares to an increase in the FTSE Small Cap Index of

15.6 % over the same period.   The discount to net asset value at 31 March 2021 was 20.1 % . 
   3.       Balance Sheet

The unaudited balance sheet as at 31 March 2021 is noted below: -

 
                                  GBP'm 
Investments: - 
Dunedin managed                    54.3 
Third party managed                 4.8 
                                   59.1 
 
Cash and near cash                 19.6 
Other assets and liabilities      (1.2) 
                                ------- 
 
Total net assets                   77.5 
                                ======= 
 
Net asset value per share (p)   428.1 p 
                                ======= 
 
   4.       Net asset value movements

The portfolio of investments has been re-valued at 31 March 2021. The increase in net asset value in the quarter can be attributed to valuation increases at Red (GBP2.7m), UPOL (GBP1.7m) and CitySprint (GBP0.3m) offset by valuation reductions at FRA (GBP2.0m) and Weldex (GBP0.7m).

   5.       Cash and Commitments

Dunedin Enterprise had cash and near cash balances of GBP 19.6 m at 31 March 2021. Outstanding capital commitments to limited partnership funds are GBP11.6m.

   6.         Dividend

A final dividend of 2.0p per share will be paid to shareholders on 19 May 2021.

For further information on Dunedin Enterprise please go to www.dunedinenterprise.com

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END

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May 12, 2021 06:31 ET (10:31 GMT)

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