Interim Management Statement
August 19 2010 - 12:38PM
UK Regulatory
TIDMOIG
RNS Number : 3696R
Oryx International Growth Fund Ld
19 August 2010
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 (GBP) 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 (GBP) Index returning -6.07%.
Against this backdrop, the Fund's NAV rose by 3.13%, whilst its share price
increased by 5.39% to GBP1.76.
Material Transactions
Since 1 April 2010 the Company purchased for cancellation a total of 1,482,971
ordinary shares at a gross price of GBP1.72 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 | 31 March | 31 | 30 |
| | 2010 | 2010 | December | September |
| | | | 2009 | 2009 |
+---------------+----------+----------+----------+-----------+
| | | | | |
+---------------+----------+----------+----------+-----------+
| NAV | GBP2.35 | GBP2.28 | GBP2.26 | GBP2.21 |
+---------------+----------+----------+----------+-----------+
| | | | | |
+---------------+----------+----------+----------+-----------+
| US Dollar / | | | | |
| Sterling | 1.4961 | 1.5169 | 1.4378 | 1.5994 |
| Exchange Rate | | | | |
+---------------+----------+----------+----------+-----------+
| | | | | |
+---------------+----------+----------+----------+-----------+
| ** Sterling | | | | |
| adjusted | | | | |
+---------------+----------+----------+----------+-----------+
Twenty Largest Equity Investments at 30 June 2010
+------------------------------+----------+
| | % |
+------------------------------+----------+
| RPC Group Plc | 7.26% |
+------------------------------+----------+
| Chrysalis Holdco | 7.03% |
+------------------------------+----------+
| Avanti Communications Group | 6.21% |
| Plc | |
+------------------------------+----------+
| 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 | 4.34% |
| Pref Shs | |
+------------------------------+----------+
| 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 | 2.18% |
| Limited | |
+------------------------------+----------+
| 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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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