Interim Management Statement
March 26 2010 - 8:05AM
UK Regulatory
TIDMUSPI
GLOBAL SPECIAL OPPORTUNITIES TRUST PLC
Interim Management Statement for the quarter ended 28 February 2010
Investment Objective
For the portfolio to be managed to provide Shareholders with capital growth,
for the Income Shareholders to be repaid their final adjusted capital
entitlement on 31 May 2011 of 120.82p per Income Share and for the portfolio to
be managed so as to provide the Capital Shareholders with a cash return on or
shortly after 31 May 2011. The Directors will seek to distribute substantially
all of the net revenue to Income Shareholders by way of dividend although this
is not expected to be a material amount.
Financial Highlights
28 February 20 30 November % change
10 2009
Income share NAV 61.58p 59.67p 3.20
Mid price 53.25p 46.50p 14.52
Capital share NAV 0.00p 0.00p 0.00
Mid price 1.13p 1.75p (35.43)
Unit (1 Cap and 1 Inc share) NAV 61.58p 59.67p 3.20
Mid price 52.75p 47.00p 12.23
Russell 2000 Index ($ terms) 2,777.32 2,553.62 8.76
Russell 2000 Index (GBP) 1,824.30 1,557.35 17.14
US Dollar/Sterling exchange rate 1.5224 1.6411 7.23
Material Events and Transactions
Dividends
No dividends were paid during the period.
Banking arrangements
The Company has a US$0.5m revolving credit facility with Allied Irish Banks
Plc. As at 28 February 2010 the Company was utilising the full facility with no
amounts repaid in the period.
Top TenHoldings
Company Sector % of portfolio
Sinohub Business Services 10.85
Bovie Medical Corporation Healthcare Services 8.19
Cover-All Technologies Information Technology 8.07
Pipeline Data Business Services 7.46
Integrated Security Systems Security Products 6.39
Global Axcess Commercial Services 6.05
Hollysys Automation Electronic Equipment 5.84
Douyan Printing Industrial Machinery 5.68
Wonder Auto Technology Financial Services 4.30
Skystar Pharmaceuticals & Biotechnology 3.88
Further Information
Daily prices, company announcements, Reports and Accounts and monthly fact
sheets are available at www.premierassetmanagement.co.uk.
26 March 2010
END
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