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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
24th Feb 20102:58 pmRNSNet Asset Value(s)
16th Feb 20105:00 pmRNSInterim Management Statement
15th Feb 20102:26 pmRNSAnnual Information Update
2nd Feb 20103:13 pmRNSNet Asset Value(s)
21st Dec 20091:08 pmRNSNet Asset Value(s)
26th Nov 20096:26 pmRNSHalf Yearly Report
24th Nov 200912:59 pmRNSNet Asset Value(s)
5th Nov 200912:22 pmRNSTransaction in Own Shares
4th Nov 20092:40 pmRNSHolding(s) in Company
23rd Oct 20092:24 pmRNSNet Asset Value(s)
12th Oct 20095:03 pmRNSNet Asset Value(s)
12th Oct 20094:02 pmRNSHolding(s) in Company
7th Oct 20093:27 pmRNSTransaction in Own Shares
7th Oct 20092:09 pmRNSHolding(s) in Company
2nd Oct 20095:14 pmRNSTransactions in a closed period
24th Sep 20097:00 amRNSClosing of the Offer
22nd Sep 20095:37 pmRNSReplacement Net Asset Value(s)
21st Sep 20093:46 pmRNSHolding(s) in Company
9th Sep 20094:26 pmRNSCancellation of Listing
9th Sep 200912:56 pmRNSOffer Update
4th Sep 20099:44 amRNSNet Asset Value(s)
2nd Sep 200911:03 amRNSResult of AGM
1st Sep 200910:06 amRNSRule 8.1- Celsis International Plc - Amendment
1st Sep 20097:00 amRNSRule 8.1 (Celsis International Plc)
28th Aug 20097:00 amRNSRule 8.1- Celsis International
25th Aug 20097:00 amRNSOffer and Trading Update
18th Aug 200911:09 amRNSHolding(s) in Company
17th Aug 20099:53 amRNSInterim Management Statement
12th Aug 20097:00 amRNSRule 8.1- Celsis International plc
10th Aug 20097:00 amRNSOffer Update
3rd Aug 20097:00 amRNSre: Offer
27th Jul 20094:25 pmRNSAnnual Report and Accounts
22nd Jul 200910:16 amRNSReplacement Annual Report and Accounts
22nd Jul 20097:00 amRNSAnnual Report and Accounts
20th Jul 20094:55 pmRNSTransaction in Own Shares
17th Jul 200910:24 amRNSNet Asset Value(s)
14th Jul 20095:34 pmRNSHolding(s) in Company
16th Jun 20091:48 pmRNSNet Asset Value(s)
3rd Jun 20099:47 amRNSHolding(s) in Company
22nd May 20094:55 pmRNSTransaction in Own Shares
18th May 20094:06 pmRNSNet Asset Value(s)
15th May 20094:39 pmRNSTransaction in Own Shares
15th May 20099:00 amRNSTransaction in Own Shares
13th May 20092:54 pmRNSTransaction in Own Shares
20th Apr 20095:54 pmRNSTransactions in a Closed period
20th Apr 20094:37 pmRNSNet Asset Value(s)
16th Apr 20094:16 pmRNSHolding(s) in Company
1st Apr 20099:12 amRNSTransaction in Own Shares
16th Mar 200910:38 amRNSNet Asset Value(s)
12th Mar 20093:34 pmRNSHolding(s) in Company

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