Caledonia announced a 10.3% increase in interim dividend, which it said reflected continued growth in income from its portfolio. "We will continue to execute our strategic plan, evidenced by the disposal of non-core assets, a reduction in the number of core investments and a strong increase in the level of income flowing from the portfolio," the statement said. "The underlying performance of our portfolio is satisfactory considering the difficult economic times."
27 Nov '12
Investment trust Caledonia Investments said it had outperformed the FTSE in the last six months and was boosting its dividend. The company boasted 3.8% net asset value (NAV) total return over the six months to the end of September, which it said was "satisfactory" in the current economic climate. This performance was driven by the quoted, unquoted and property pools, which produced strong investment returns over the half-year. Its Asia group took a hit, down 9.1% over the period, driven by a fall in the share price of Dewan Housing Finance. The figures amounted to a 1.9% total return outperformance of NAV against the FTSE All-Share over the six month period. However, over the last 12 months the trust has under-performed that benchmark by 6.7%.
1 Oct '12
Caledonia Investments, the FTSE 250 international investment trust, has bought a portfolio of five industrial businesses from US-based operating company Latshaw Enterprises. The acquisition was made with Nova Capital Management, the specialist acquirer of corporate and private equity portfolios, and has seen Caledonia invest $42m in cash at completion. The businesses acquired include a mechanical controls and components manufacturer for the lawn and garden sector, a plastic injection parts maker for the battery and heavy duty truck industries and a electronic cables specialist. Duncan Johnson, the head of Caledonia's Unquoted pool, said on Monday morning: "The underlying businesses of Latshaw Enterprises are each established manufacturing operations enjoying strong positions in attractive markets. The businesses are cash generative and our investment has been structured so as to provide a running yield from year one. "Along with Nova and the Latshaw team we have developed an investment strategy which will see capital value being built and realised over the medium term," he said. This portfolio acquisition is the third that the company has funded with Nova. Johnson said: "Following the success of the first two investments, we are delighted to be working with the Nova team once again."
10 May '12
Purchase Beefs-Up Share Value
On the 2nd May Caledonia announced that it had bought back and cancelled 20,000 of its own shares, beefing-up the value of its equity: Transaction in own shares Caledonia Investments plc ("Caledonia") announces that on 2 May 2012 it purchased from J.P. Morgan Securities Ltd. 20,000 of its own ordinary shares of 5p each at an average price of 1411.53 pence per share. The purchased shares will be cancelled. Following the above purchase of shares, Caledonia's issued share capital includes 57,296,301 ordinary shares of 5p each with voting rights. http://www.caledonia.com/index.asp?PageID=26&PressReleaseID=411 P.S. Here's a couple of links about SCLP, one of the hottest stocks at the moment: http://www.euroinvestor.com/community/discussionthread.aspx?threadid=252803 http://www.euroinvestor.com/community/discussionthread.aspx?threadid=253089
25 Mar '11
Does anyone know of any other family owned investment funds? I like the idea of jumping on the bandwagon of wealthy families investments! Preferably a fund or trust that has a broad portfolio including venture capital and private equity. Any help is much appreciated. Onkon
7 Jul '10
Caledonia I.T. NAV
Self-managed investment trust Caledonia Investments saw a decline in its diluted net asset value (NAV) per share in the second quarter though it comfortably outperformed the FTSE All Share. Diluted NAV per share at the end of June fell 8.84% to 1854p, down from 2034p at the end of March. Over the same period the FTSE All Share index fell 12.6%, a level of decline which the company applied to its unquoted investments in the absence of any genuine market price for those assets. The value of net assets dipped to £1,078m at the end of June from £1,182m at the end of the first quarter. Investments and realisations during the second quarter totalled £14.4m and £9.8m respectively. The company, which seeks to deliver both a long term shareholder return in excess of the FTSE All-Share Total Return and a positive total return over rolling five year periods, had £3.8m of net liquidity at the end of the second quarter, compared to £8.3m at 31 March 2010.
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