11 May 2022 13:26
Dunedin Enterprise Investment Trust PLC
LEI: 213800E2VLUZ5AF9Z434
Date: 11 May 2022
1. Unaudited net asset value per share
The unaudited net asset value per share at 31 March 2022 was 594.9p. This represents a total return per share of 8.7% during the quarter when compared to the net asset value per share of 558.8p as at 31 December 2021.
2. Share price
The share price has increased by from 473p to 505p in the quarter to 31 March 2022. The share price total return for the quarter to 31 March 2022 was 9.4%. This compares to a decrease in the FTSE Small Cap Index of 7.4% over the same period. The discount to net asset value at 31 March 2022 was 15.1%.
3. Balance Sheet
The unaudited balance sheet as at 31 March 2022 is noted below: -
£'m | |
Investments: - | |
Dunedin managed | 40.8 |
Third party managed | 5.3 |
46.1 | |
Cash and near cash | 30.3 |
Other assets | 1.7 |
Total net assets | 78.1 |
Net asset value per share (p) | 594.9p |
4. Net asset value movements
The portfolio of investments has been re-valued at 31 March 2022. The increase in net asset value in the quarter can be attributed to valuation increases at Red (£3.0m), Incremental (£1.9m achieved on exit) and FRA (£0.6m).
5. Cash and Commitments
Dunedin Enterprise had cash and near cash balances of £30.3m at 31 March 2022. Outstanding capital commitments to limited partnership funds are £11.6m.
6. Dividend
A final dividend of 1.9p per share will be paid to shareholders on 13 May 2022.
For further information on Dunedin Enterprise please go to www.dunedinenterprise.com
Dunedin Ent.it. (DNE)