Performance at Month End
December 07 2010 - 5:15AM
UK Regulatory
TIDMHGT
HgCapital Trust plc
All information is at 30 November 2010 and unaudited.
Performance at month end with net income reinvested
One Three One Three Five Ten
month months year years years years
Net asset value 1.3% 3.4% 12.3% 14.2% 84.9% 186.9%
Share price 1.0% 16.9% 14.5% 25.2% 84.2% 248.9%
FTSE All-Share
Index -2.3% 6.8% 11.5% -2.3% 24.5% 20.7%
Sources: HgCapital, Factset
At month end
Net asset value:*
Basic 970.4p
Diluted 967.0p
Share price ordinary shares: 950.0p
Ordinary share price discount to NAV
(basic): 2.1%
Ordinary share price discount to NAV
(diluted): 1.8%
Share price subscription shares: 89.5p
Total net assets: GBP301.8m
Net yield: 2.6%
Gearing: Nil%
Ordinary shares in issue: 31,103,915
Subscription shares in issue: 6,220,783
* includes 11 months net revenue of 17.82p
Following the partial realisation of Visma (expected to be completed in
December 2010), the NAV is estimated to be GBP320.9 million (1,031.8 pence per
share basic; 1,018.1 pence per share diluted). The ordinary share price is
trading at a 7.9% discount to the adjusted NAV of 1,031.8 pence per share; 6.7%
discount to the adjusted diluted NAV of 1,018.1 pence per share.
The NAV is recalculated monthly with respect to cash, cash equivalents and
quoted investments in the portfolio.
Unquoted investments were last revalued at 30 June 2010.
Sector Total Assets
%
Technology & Media 37.7
Industrials 11.3
Healthcare 10.7
Services 4.9
Consumer & Leisure 4.6
Renewable Energy 4.7
Other 8.7
Cash and other liquid assets* 17.4
100.0
* Cash and other liquid assets are stated before the investment in ATC,
scheduled to complete in December 2010/January 2011, and the partial
realisation of Visma, scheduled to complete in December 2010. After completion
of both, cash and other liquid assets is estimated to be 25.4% of total
adjusted net assets.
Ten Largest Investments
Company Total Assets Sector
%
VISMA 13.5 Technology & Media
TeamSystem 8.1 Technology & Media
Stepstone Solutions 6.2 Technology & Media
Frosunda 4.9 Healthcare
HG Renewable Energy (Fund 1) 4.5 Renewable Energy
JLA 3.8 Services
Manx Telecom 3.7 Technology & Media
Mondo Minerals Co-op 3.6 Industrials
SimonsVoss 3.3 Industrials
SLV Electronic 3.2 Industrials
54.8
07 December 2010
END
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