Performance at Month End
November 07 2011 - 2:00AM
UK Regulatory
TIDMHGT
HgCapital Trust plc
All information is at 31 October 2011 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 0.5% 0.5% 20.0% 11.5% 84.7% 260.9%
(diluted)
Net asset value 0.6% 0.6% 23.0% 14.4% 89.6% 270.4%
(basic)
Share price 2.2% (6.2%) 11.3% 53.4% 68.1% 348.8%
FTSE All-Share 7.9% (4.6%) 0.6% 46.0% 8.9% 59.1%
Index
Sources: HgCapital, Factset
At month end
Net asset value:*
Basic 1,149.6p
Diluted 1,120.1p
Share price ordinary shares: 1,022.0p
Ordinary share price discount to NAV 11.1%
(basic):
Ordinary share price discount to NAV 8.8%
(diluted):
Share price subscription shares: 114.9p
Total net assets: GBP365.6m
Net yield: 2.7%
Market Capitalisation: GBP325.0m
Gearing: Nil%
Ordinary shares in issue: 31,799,725
Subscription shares in issue: 5,524,973
* includes 10 months net revenue of 11.01p
The sale of Mondo Minerals, which was previously announced, completed
during October 2011. The Trust has initially realised GBP12.6 million of
cash proceeds with further proceeds, which are currently valued at
GBP2.3 million, expected over the next 2 years. This compares to an original
cost of GBP7 million.
With effect from 21 October 2011, GBP12 million (10% of the original GBP120 million
loan commitment to the Hg5 Fund) was cancelled as it was unlikely to be
required by the Fund. The Trust's undrawn commitments to invest in or alongside
the Manager's Hg6, Hg5, Mercury, RPP and RPP2 funds therefore totalled GBP243.8
million as at 31 October 2011. Liquid resources totalled GBP99.6 million as at 31
October 2011, and an additional GBP40 million is available from the undrawn bank
facility.
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 2011.
Sector Total Assets
%
Technology & Media 28.4
Healthcare 13.3
Services 9.4
Industrials 5.8
Renewable Energy 5.2
Consumer & Leisure 4.0
Other 6.7
Cash and other liquid assets 27.2
100.0
Ten Largest Investments
Company Total Assets Sector
%
TeamSystem 7.3 Technology & Media
VISMA 6.5 Technology & Media
SHL 5.1 Services
Lumesse 4.8 Technology & Media
Frosunda 4.5 Healthcare
Midas EquityCo (Goldshield) 4.4 Healthcare
HG Renewable Energy (Fund 1) 4.0 Renewable Energy
Achilles 3.9 Technology & Media
Mainio Vire 3.4 Healthcare
Epyx 3.2 Technology & Media
47.1
07 November 2011
END
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