GreenRoc now on the EU radar after presentation on Amitsoq at the Greenland Business Mission. Watch the interview here.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Sponsored Content

Pin to quick picksWitan Share News (WTAN)

  • This share is currently suspended. It was suspended at a price of 266.00

Share Price Information for Witan (WTAN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 266.00
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 0.00 (0.00%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 266.00

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Witan Investment Trust posts impressive returns

Wed, 09th Mar 2016 07:56

(ShareCast News) - Witan Investment Trust described 2015 as a highly successful year for its shareholders on Wednesday, with the company recording an impressive increase on returns, and declaring a 41st consecutive rise in dividends.The FTSE 250 group saw a net asset value total return of 6.4%, outperforming the benchmark return of 3.5%. Its NAV total return over the last five years was 51%.Witan reported a share price averave premium to NAV of 0.1%, and issued 10.5m shares at a premium to NAV, raising more than £83m.Its board said £75m of long-term debt was issued at under 3.5% per annum."2015 was another year when market sentiment was changeable, with no consistent market direction. Active investment selection was particularly important," said chairman Harry Henderson."During the year our managers outperformed their benchmarks significantly overall, with a modest additional contribution from the company's use of gearing. Eight of our external managers outperformed their benchmarks during the year, four of them by margins of over 5%," he explained.Henderson said as a result, Witan's shareholders enjoyed a successful year, with a net asset value premium of 2.9% over benchmark. He added that the shares moved from a small premium at the end of 2014 to a 0.2% discount at the end of 2015."The dividend for the year has been increased by 10.4% to 17.0 pence per share, while adding £2.4m to our revenue reserves. A fourth interim dividend of 5.45 pence was declared in February 2016, payable on 1 April 2016. This marks the 41st consecutive year of rising dividends at Witan," Henderson said.Witan's income statement showed total investment income during the year of £111.8m, down slightly from £118.8m in 2014. Profit before tax totalled £85.5m, down from £96.5m, with earnings per ordinary share of 43.03p, compared with 50.35p in 2014.The group's total equity on 31 December was £1.58bn, up from £1.44bn a year earlier.
More News
25 Apr 2018 16:04

UK Shareholder Meetings Calendar - Next 7 Days

Thursday 26 AprilCRHSthreeElementisMurray International TrustSTV 27

Read more
11 Aug 2016 08:01

Witan Investment Trust Underperforms Benchmark In First Half Of 2016

Read more
4 Aug 2016 15:05

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
6 Jul 2016 14:19

DIRECTOR DEALINGS: Witan Investment Trust Chief Executive Buys Shares

Read more
10 Jun 2016 15:09

UK Dividends Calendar - Next 7 Days

Read more
27 May 2016 17:38

DIRECTOR DEALINGS: Witan Investment Trust Director Buys Shares

Read more
21 Apr 2016 15:04

AGM, EGM Calendar - Week Ahead

Read more
9 Mar 2016 08:05

Witan Investment Trust Says Managers Outperformed Benchmarks

Read more
25 Feb 2016 16:25

Dividends Calendar - Week Ahead

Read more
11 Dec 2015 16:08

Dividends Calendar - Week Ahead

Read more
12 Nov 2015 16:22

Dividends Calendar - Week Ahead

Read more
11 Sep 2015 15:02

Dividends Calendar - Week Ahead

Read more
10 Sep 2015 15:52

Witan Investment Trust Raises GBP3.7 Million After Issuing Shares (ALLISS)

Read more
11 Aug 2015 08:11

Witan Investment Trust outperforms benchmark in first half

(ShareCast News) - Witan Investment Trust outperformed its benchmark index in the first half of the year, thanks to improving macroeconomic conditions. For the six months to the end of June, the group's net asset value total return was 5.5%, ahead of the 3.6% delivered by its benchmark, which is a c

Read more

Track Your Investments

Register for FREE

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.