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Interim Management Statement

8 Aug 2011 11:45

RNS Number : 9283L
Oryx International Growth Fund Ld
08 August 2011
 

ORYX INTERNATIONAL GROWTH FUND LIMITED

 8 August 2011

 INTERIM MANAGEMENT STATEMENT FOR THE QUARTER ENDED 30 JUNE 2011

Oryx International Growth Fund Limited ("Oryx" or the "Company"), is publishing this Interim Management Statement in accordance with DTR 4.3 of the FSA Handbook.

This interim management statement has been produced solely to provide additional information to shareholders as a body to meet the relevant requirements of the UK Listing Authority's Disclosure and Transparency Rules. It should not be relied upon by any other party or for any other purpose.

This interim management statement relates to the period from 1 April 2011 to 30 June 2011, and contains information that covers this period, and up to the date of publication of this interim management statement, unless otherwise specified.

 Manager's Review

Markets drifted for the majority of the period under review with the FTSE Small Cap TR Index up 0.7% and the FTSE All-Share TR Index (£) down 0.9%. It is pleasing to report that against this backdrop the net asset value rose by 8.8% to 296p per share. The increase in the portfolio was broadly based, although there was no movement in the value of the unquoted portfolio. Whilst current market conditions are difficult the manager believes there is inherent value in the portfolio which will be realised in the next quarter.

Material TransactionsSince 1 April 2011 the Company has purchased for cancellation the following shares:

15 April 2011 a total of 250,000 ordinary shares at a gross price of £2.30 per share.27 May 2011 a total of 170,000 ordinary shares at a gross price of £2.30 per share.

Material EventsThere were no material events during the quarter ended 30 June 2011.

Report and AccountsOn 30 June 2011, the Company posted its Annual Report for the year ended 31 March 2011 to Shareholders together with a circular containing the Notice convening the Company's AGM at 11am on 12 August 2011 and details of a proposed waiver of the Rule 9 provisions of the City Code on Takeovers and Mergers.

 

Financial Highlights

 

 

30 June 2011

31 March 2011

31 December 2010

30 June 2010

 

 

 

 

 

NAV

£2.96

£2.72

£2.81

£2.35

 

 

 

 

 

US Dollar / Sterling Exchange Rate

 1.6055

 1.6029

 1.5657

 1.4961

 

 

 

 

 

 

 

Twenty Largest Equity Investments at 30 June 2011

 

% Net Assets

RPC Group Plc

7.60

CVS Group Plc

7.01

Guinness Peat Group Plc

6.72

BBA Aviation Plc

6.38

Gleeson (M.J.) Group Plc

6.11

Augean

5.34

Orthoproducts Ltd

4.68

Quarto Group Inc

4.54

GTL Resources Plc

4.19

Bavaria Industriekapital AG

4.02

Idox Plc

3.92

Sinclair Pharma Plc

3.51

Innovation Group Plc

3.39

Catalyst Media Group Plc

3.38

Redhall Group Plc

3.21

Journey Group Plc

2.99

Nastor Inv Ltd Zero Redeem Prefer Shares

2.38

Bionostics Holdings Ltd

2.19

Green Co2 Plc

2.13

Celsis AG

1.64

85.33

 

The financial information for the quarter ended 30 June 2011 contained within this Interim Management Statement has not been audited.

By order of the Board

BNP Paribas Fund Services (Guernsey) Limited, for and on behalf ofOryx International Growth Fund Limitedas Company Secretary

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IMSUGUUPRUPGGUR
Date   Source Headline
1st Jun 20114:27 pmRNSNet Asset Value(s)
27th May 20119:11 amRNSTransaction in Own Shares
18th Apr 201111:30 amRNSHolding(s) in Company
15th Apr 20115:12 pmRNSTransaction in Own Shares
13th Apr 20114:00 pmRNSNet Asset Value(s)
13th Apr 20111:05 pmRNSListing Rule 15.5.1(4)
16th Mar 20116:00 pmRNSNet Asset Value(s)
10th Mar 20112:30 pmRNSHolding(s) in Company
9th Mar 20116:20 pmRNSDirectorate Change
9th Mar 20115:11 pmRNSHolding(s) in Company
9th Mar 20115:10 pmRNSHolding(s) in Company
28th Feb 20114:30 pmRNSNet Asset Value(s)
16th Feb 201110:53 amRNSForm 8.3 - IS Pharma Plc
10th Feb 20114:30 pmRNSInterim Management Statement
1st Feb 201111:30 amRNSNet Asset Value(s)
24th Dec 20109:45 amRNSNet Asset Value(s)
13th Dec 20109:54 amRNSTransaction in Own Shares
3rd Dec 201012:10 pmRNSDirectorate Change
2nd Dec 20104:23 pmRNSNet Asset Value(s)
1st Dec 20105:15 pmRNSPosting of Half Year report
19th Nov 20105:50 pmRNSTransaction in Own Shares
19th Nov 20103:09 pmRNSChange of Financial Adviser and Broker
16th Nov 201010:55 amRNSTransaction in Own Shares
11th Nov 20106:31 pmRNSHalf Yearly Report
21st Oct 20101:20 pmRNSNet Asset Value(s) - Replacement
21st Oct 20101:20 pmRNSNet Asset Value(s) - Replacement
20th Oct 20103:55 pmRNSNet Asset Value(s)
20th Oct 20103:55 pmRNSNet Asset Value(s)
1st Oct 20102:22 pmRNSTransactions in Close Period
30th Sep 20101:12 pmRNSNet Asset Value(s)
23rd Aug 20105:28 pmRNSTransaction in Own Shares
23rd Aug 201010:26 amRNSHolding(s) in Company
20th Aug 201011:17 amRNSResult of AGM
19th Aug 20105:38 pmRNSInterim Management Statement
18th Aug 20103:55 pmRNSNet Asset Value(s)
19th Jul 201010:15 amRNSNet Asset Value(s)
16th Jul 20109:17 amRNSHolding(s) in Company
5th Jul 20103:54 pmRNSCirc re. AGM, proposed waiver and change Articles
25th Jun 20103:48 pmRNSNet Asset Value(s)
23rd Jun 20107:00 amRNSAnnual Financial Report
16th Jun 20104:09 pmRNSTransaction in Own Shares
16th Jun 20104:01 pmRNSHolding(s) in Company
10th Jun 20104:57 pmRNSNet Asset Value(s)
21st Apr 20103:33 pmRNSChange of Auditors
21st Apr 20102:57 pmRNSNet Asset Value(s)
15th Apr 20103:28 pmRNSTransactions in a Closed Period
26th Mar 201011:12 amRNSHolding(s) in Company
26th Mar 20107:00 amRNSHolding(s) in Company
18th Mar 20103:53 pmRNSTransaction in Own Shares
17th Mar 201010:15 amRNSNet Asset Value(s)

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