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19 Aug 2010 17:38
ORYX INTERNATIONAL GROWTH FUND LIMITED
INTERIM MANAGEMENT STATEMENT FOR THE QUARTER ENDED 30 JUNE 2010
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 2010 to 30 June 2010, 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
The FTSE All - Share TR Index (£) returned -11.80% in the three months ended 30 June 2010 as risk aversion continued among investors worried about a series of macro economic concerns, including poor US economic data, a slowdown in China and fears of a double-dip recession in the UK. UK small-cap stocks out performed the broad index, with the FTSE Small Cap TR (£) Index returning -6.07%. Against this backdrop, the Fund's NAV rose by 3.13%, whilst its share price increased by 5.39% to £1.76.
Material Transactions
Since 1 April 2010 the Company purchased for cancellation a total of 1,482,971 ordinary shares at a gross price of £1.72 per share.
Material Events
There were no material events during the quarter ended 30 June 2010.
Report and Accounts
On 23 June 2010, the Company posted its Annual Report and Accounts for the year ended 31 March 2010, to Shareholders. On 5 July 2010, the Company published a circular containing notice of the Company's Annual General Meeting and details in relation to the proposed Rule 9 waiver.
Financial Highlights
|
|
30 June 2010 |
31 March 2010 |
31 December 2009 |
30 September 2009 |
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|
|
|
|
|
|
NAV |
£2.35 |
£2.28 |
£2.26 |
£2.21 |
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|
|
|
|
|
US Dollar / Sterling Exchange Rate |
1.4961 |
1.5169 |
1.4378 |
1.5994 |
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|
|
|
|
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|
** Sterling adjusted |
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Twenty Largest Equity Investments at 30 June 2010
|
|
% |
|
RPC Group Plc |
7.26% |
|
Chrysalis Holdco |
7.03% |
|
Avanti Communications Group Plc |
6.21% |
|
Inspired Gaming Group Plc |
6.13% |
|
Catalyst Media Group Plc |
5.55% |
|
Tenon Group Plc |
5.21% |
|
Orthoproducts Limited |
5.15% |
|
Gleeson (M J) Group Plc |
4.80% |
|
BBA Aviation Plc |
4.63% |
|
Bionostics Holdings Limited Pref Shs |
4.34% |
|
Bavaria Industriekapital AG |
4.19% |
|
Quarto Group Plc |
3.93% |
|
Augean Plc |
3.32% |
|
Nastor Investement Limited |
3.09% |
|
Journey Group Plc |
3.04% |
|
Vislink Plc |
2.76% |
|
AssetCo Plc |
2.61% |
|
AC Management Services Limited |
2.18% |
|
Green CO2 Plc |
2.09% |
|
Asset Co (Abu Dhabi) Plc |
2.02% |
|
|
|
|
|
|
|
% of total portfolio |
85.54 |
The financial information for the quarter ended 30 June 2010 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 of
Oryx International Growth Fund Limited
as Company Secretary
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