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Pin to quick picksNorth Atl.smlr Regulatory News (NAS)

Share Price Information for North Atl.smlr (NAS)

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Share Price: 3,910.00
Bid: 3,950.00
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Change: -40.00 (-1.01%)
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North Atlantic Smaller Companies is an Investment Trust

To provide capital appreciation through investment in a portfolio of smaller companies principally based in countries bordering the North Atlantic Ocean.

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Interim Management Statement

15 Jun 2009 13:57

RNS Number : 9074T
North Atlantic Smlr Co Inv Tst PLC
15 June 2009
 



NORTH ATLANTIC SMALLER COMPANIES INVESTMENT TRUST PLC

INTERIM MANAGEMENT STATEMENT FOR THE QUARTER ENDED 30 APRIL 2009

Investment Objective

The objective of North Atlantic Smaller Companies Investment Trust PLC ("the Company") is to provide capital appreciation through investment in a portfolio of smaller companies principally based in countries bordering the North Atlantic Ocean.

Financial Highlights

Cumulative performance

As at

  30 April 2009

3 months %

6 months %

1 year %

3 years %

5 years %

NAV *

Basic

1,256p 

4.3

(2.9)

(18.3)

(25.6)

3.2

Diluted

983p 

4.1

(2.3)

(15.2)

(12.4)

31.6

Mid-market price

677.0p 

9.5

6.6

(31.9)

(35.1)

7.4

Discount to diluted NAV *

31.1% 

Standard & Poor's 500 Composite Index **

590.8

3.5

(1.5)

 (15.4)

(18.1)

(5.4)

Russell 2000 **

329.0

7.0

(1.1)

(9.0)

(21.8)

4.2

FTSE All-Share Index

2,173.1

4.5

(0.5)

(29.9)

(29.3)

(2.9)

US Dollar/Sterling exchange rate

1.4818

(2.8)

8.3

25.2

18.5

16.4

* Excluding retained revenue for the period.

** Sterling adjusted.

Material Events

There were no material events to report during the period under review.

Material Transactions

The Company was part of a consortium that made a successful bid for GNE Group Plc during the quarter. 

TEN LARGEST INVESTMENTS AT 30 APRIL 2009

 
 
 
 
Hampton Trust Group
UK Unquoted
7.04
Oryx International Growth Fund Limited *
UK Listed
6.94
Castle Support Services PLC
UK Quoted on AIM
6.62
Nationwide Accident Repair Services PLC
UK Quoted on AIM
4.91
RPC Group PLC
UK Listed
4.77
Bionostics Holdings Ltd
USA Unquoted
3.64
Trident Private Equity II LP
Cayman Islands Unquoted
3.64
US Treasury Bills
US T Bills
3.60
Asset Co Limited Preference Shares
UK Unquoted
3.47
BBA Aviation Group PLC
UK Listed
3.39
 
 
 
% of total portfolio
 
48.02
 
 
 

 

* Incorporated in Guernsey

SECTOR ANALYSIS OF INVESTMENTS AT FAIR VALUE AS AT 30 APRIL 2009

United 

United 

States 

Kingdom 

Europe 

Total 

Support Services

12.9

9.8

1.2

23.9

General Industrials

1.8

11.4

13.2

Investment Companies

0.5

11.0

11.5

Real Estate

8.1

3.0

11.1

Health Care, Equipment & Services

0.6

6.4

7.0

Manufacturing

4.5

0.3

4.8

Industrial Engineering

4.7

4.7

Construction & Materials

1.5

2.7

4.2

Travel & Leisure

3.8

3.8

Treasury Bills

3.6

3.6

Industrial Transportation

3.4

3.4

Technology Hardware & Equipment

1.3

1.7

3.0

Communications

2.6

2.6

Oil & Gas

0.7

0.9

1.6

Media

1.3

1.3

General Financials

0.2

0.2

Food Producers

0.1

0.1

Total at 30 April 2009

27.6

68.2

4.2

100.0

Total at 31 January 2009

20.7

75.2

4.1

The financial information for the quarter ended 30 April 2009 contained within this Interim Management Statement has not been audited.

By order of the Board 

Bonita Guntrip for and on behalf of

J O Hambro Capital Management Limited as Company Secretary

12 June 2009 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IMSKGGMVZKZGLZM
Date   Source Headline
5th Aug 20195:27 pmRNSTransaction in Own Shares
24th Jul 20195:02 pmRNSHolding(s) in Company
15th Jul 20197:00 amRNSDirector/PDMR Shareholding
12th Jul 201911:58 amRNSDirector/PDMR Shareholding
11th Jul 20193:13 pmRNSNet Asset Value(s)
4th Jul 20192:59 pmRNSHolding(s) in Company
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28th Jun 201912:13 pmRNSHolding(s) in Company
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31st May 20193:14 pmRNSDividend Declaration
28th May 20194:58 pmRNSAnnual Financial Report
20th May 20196:24 pmRNSFinal Results
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2nd May 20197:00 amRNSStatement re Related Party Transaction
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18th Feb 20194:04 pmRNSHolding(s) in Company
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15th Feb 201910:50 amRNSNet Asset Value(s)
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15th Jan 20192:27 pmRNSHolding(s) in Company
14th Jan 201910:37 amRNSNet Asset Value(s)
11th Jan 201911:54 amRNSHolding(s) in Company
14th Dec 20184:35 pmRNSNet Asset Value(s)
12th Dec 201811:01 amRNSHolding(s) in Company
5th Dec 20182:15 pmRNSHolding(s) in Company
14th Nov 201810:53 amRNSNet Asset Value(s)
5th Nov 20184:47 pmRNSHolding(s) in Company
31st Oct 20184:17 pmRNSHolding(s) in Company
12th Oct 20189:59 amRNSNet Asset Value(s)
18th Sep 20189:23 amRNSTransaction in Own Shares
14th Sep 20182:30 pmRNSNet Asset Value(s)
13th Sep 20189:44 amRNSHalf-year Report
13th Aug 201812:19 pmRNSNet Asset Value(s)
11th Jul 201812:34 pmRNSNet Asset Value(s)
29th Jun 201811:08 amRNSDirectorate Change
26th Jun 20182:50 pmRNSResult of AGM
13th Jun 20184:35 pmRNSHolding(s) in Company
11th Jun 201810:49 amRNSNet Asset Value(s)
23rd May 201810:19 amRNSAnnual Financial Report
14th May 201812:34 pmRNSNet Asset Value(s)
11th May 20184:56 pmRNSFinal Results
27th Apr 201810:15 amRNSHolding(s) in Company
18th Apr 20182:38 pmRNSHolding(s) in Company
11th Apr 201810:47 amRNSNet Asset Value(s)
15th Mar 20184:28 pmRNSNet Asset Value(s)
15th Feb 20183:02 pmRNSDirector/PDMR Shareholding
12th Feb 201811:28 amRNSNet Asset Value(s)

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