Interim Management Statement
October 12 2010 - 11:57AM
UK Regulatory
TIDMUSPI
GLOBAL SPECIAL OPPORTUNITIES TRUST PLC
Interim Management Statement for the Quarter ended 31 August 2010
Investment Objective
The investment objective is for the portfolio to be managed to provide the
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
31 August 2010 31 May 2010 % change
Income share NAV 35.83p 47.34p (24.31)
Mid price 36.25p 50.00p (27.50)
Capital share NAV 0.00p 0.00p n/a
Mid price 0.26p 0.51p (49.02)
Unit (1 Cap and 1 Inc share) NAV 35.83p 47.34p (24.31)
Mid price 40.25p 50.00p (19.50)
Russell 2000 Index total return 2,677.21 2,932.63 (8.71)
($)
Russell 2000 Index total return 1,741.95 2,018.40 (13.70)
(GBP)
US Dollar/Sterling exchange rate 1.53690 1.45295 (5.78)
Material Events and Transactions
Banking arrangements
The Company has a US$500,000 revolving credit facility with Allied Irish Banks
Plc. At 31 August 2010 the Company had utilised the full amount of this
facility.
Annual General Meeting
The Company's Annual General Meeting is to be held on Tuesday 26 October 2010
at 2:00pm at the offices of Cenkos Securities, 6.7.8 Tokenhouse Yard, London
EC2R 7AS.
Top Ten Holdings
Company Sector % of net assets
Cover-All Technologies Business software 11.18
iShares Trust Russell 2000 Financial services 9.43
Index Fund
Hollysys Automation Electronic equipment 9.25
Technologies
Duoyuan Printing Industrial machinery 7.20
SinoHub Electronics 6.36
Wonder Auto Technologies Financial services 5.36
China Greenscape Forestry development & 5.22
cultivation
Skystar Pharmaceuticals & Biotechnology 4.84
Global Axcess Corporation Consumer finance 4.43
American Lorain Corporation Food manufacturers 4.13
Further Information
Daily prices, company announcements, Reports and Accounts and monthly fact
sheets are available at www.premierassetmanagement.co.uk.
12 October 2010
END
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