Interim Management Statement (0489B)
February 10 2011 - 11:30AM
UK Regulatory
TIDMOIG
RNS Number : 0489B
Oryx International Growth Fund Ld
10 February 2011
ORYX INTERNATIONAL GROWTH FUND LIMITED
INTERIM MANAGEMENT STATEMENT FOR THE QUARTER ENDED 31 DECEMBER
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
October 2010 to 31 December 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 7.38% over the fourth
quarter. Risk assets were in demand after the announcement of
further quantitative easing in the United States and on the back of
greater economic optimism, particularly on signs of recovery in the
US economy. December was a particularly strong month for developed
market equities including the UK stock market. Reflecting this
increased risk appetite, the FTSE Small Cap TR Index outperformed
the broad index, returning 9.05%. Against this backdrop, the Fund's
NAV rose by 11.28%, while its share price advanced 20.25% to
GBP2.375. The discount to NAV narrowed sharply from 21.72% at the
start of the quarter to 15.41% at the end of December.
Material Transactions
Since 1 October 2010 the Company has purchased for cancellation
the following shares:
12 November 2010 a total of 15,000 ordinary shares at a gross
price of GBP2.10 per share.
19 November 2010 a total of 15,000 ordinary shares at a gross
price of GBP2.10 per share.
10 December 2010 a total of 37,860 ordinary shares at a gross
price of GBP2.15 per share.
Material Events
There were no material events during the quarter ended 31
December 2010.
Report and Accounts
On 11 November 2010, the Company posted its Interim Report for
the six months ended 30 September 2010, to Shareholders.
Financial Highlights
31 December 31 March 31 December
2010 30 June 2010 2010 2009
NAV GBP2.81 GBP2.35 GBP2.28 GBP2.26
US Dollar / Sterling
Exchange Rate 1.5657 1.4961 1.5169 1.4378
Twenty Largest Equity Investments at 31 December 2010
%
Chrysalis Group Plc 9.66
Gleeson (M J) Group Plc 6.89
BBA Aviation Plc 6.71
CVS Group Plc 5.78
RPC Group Plc 5.25
Idox Plc 4.84
Quarto Group Inc 4.79
Catalyst Media Group Plc 4.46
Orthoproducts Ltd 4.41
Bavaria Industriekapital AG 4.30
Journey Group Plc 4.03
IS Pharma Plc 3.90
Phoenix Group Holdings 3.18
Augean 3.01
Innovation Group Plc 2.85
Focus Solutions Group Plc 2.76
Vislink Plc 2.63
Nastor Inv Ltd Zero Dividend
Preference Shares 2.52
Assetco Plc 2.30
RPC Group Plc nrp rts 21/01/2011 1.93
% of total portfolio 86.20
------
The financial information for the quarter ended 31 December 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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