Octopus Titan VCT 4 PLC : Interim Management Statement
March 16 2012 - 10:24AM
UK Regulatory
TIDMOTV4
Octopus Titan VCT 4 plc
Interim Management Statement
16 March 2012
In accordance with Rule 4.3 of the UK Listing Authority's Disclosure and
Transparency rules, Octopus Titan VCT 4 plc ('Titan 4' or 'VCT') presents an
Interim Management Statement for the period 1 November 2011 to 31 January
2012. The statement also includes relevant financial information between the
end of the period and the date of this statement.
Financial Summary
3 months to 31 January
2012 Year to 31 October 2011
=-------------------------------------------------------------------------------
Net assets ( GBP'000s) 19,996 20,086
Return on ordinary activities
before tax ( GBP'000s) (90) (1,085)
Net asset value per share
('NAV') 88.6p 89.0p
Investment performance
As at 31 January 2012 the NAV of the VCT was 88.6p, which compares to 89.0p at
31 October 2011. Titan 4's investments in the Open Ended Investment Companies
('OEICs') have seen an overall increase in value of GBP55,000 over the three
months to 31 January 2012 which has contributed to an increase in the net asset
value of 0.2p. This, however, has been offset against the VCT's standard running
costs in the period. There have been no valuation movements in the unquoted
portfolio during the three month period.
Titan 4 has continued to see a good deal flow over the last four months. Since
31 October 2011, the VCT has invested GBP500,000 into Rangespan, a supply chain
management company and GBP500,000 into Artesian, a business software company. In
addition, follow on investments of GBP300,000 into Curlet (UK) and GBP124,000 into
PrismaStar were made during the period. This has brought the total portfolio to
16 current trading businesses.
The total value of the investment portfolio at 31 January 2012 was GBP7.1 million.
By value, 35.5% of the Company's net assets were in unquoted investments, 22.7%
in Octopus OEICs, leaving 41.2% in cash or cash equivalents.
Top Ten Qualifying Investment Portfolio as at 31 January 2012
Company Carrying value % of total
Sector GBP'000 net assets
=-------------------------------------------------------------------------------
Secret Escapes Consumer lifestyle &
Limited wellbeing 732 3.7%
Executive Channel
Limited Media 701 3.5%
Michelson Diagnostics Consumer lifestyle &
Limited wellbeing 650 3.2%
Certivox Limited Technology 599 3.0%
Touch Type Limited Telecommunications 549 2.7%
Rangespan Limited Technology 500 2.5%
Vega-Chi Limited Technology 500 2.5%
Artesian Limited Technology 500 2.5%
Applied Environmental
Superconductor
Limited 493 2.5%
Curlet (UK) Limited Technology 489 2.4%
Material events and transactions
Titan 4, in conjunction with the other Titan funds, is raising a total of GBP6.25
million with a view to allot on 5 April 2012 immediately preceded by a
publication of the NAV at that date.
Titan 4's Board is not aware of any other significant event which has occurred
between 31 January 2012 and the date of publication of this statement which
would have a material impact on the financial position of the VCT.
For further information please contact:
Alex Macpherson - Fund Manager
Octopus Investments Limited - 0800 316 2349
ENDS
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Octopus Titan VCT 4 PLC via Thomson Reuters ONE
[HUG#1594719]
Octopus T. 4 (LSE:OTV4)
Historical Stock Chart
From Jun 2024 to Jul 2024
Octopus T. 4 (LSE:OTV4)
Historical Stock Chart
From Jul 2023 to Jul 2024