REG - Dunedin Enterprise - 1st Quarter Results

Dunedin Enterprise Investment TrustAnnouncement

11/05/2022 13:30

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RNS Number : 1392L  Dunedin Enterprise Inv Trust PLC  11 May 2022

Dunedin Enterprise Investment Trust PLC

 

LEI:     213800E2VLUZ5AF9Z434

 

Date:  11 May 2022

 

 

1.       Unaudited net asset value per share

 

The unaudited net asset value per share at 31 March 2022 was 594.9p. This
represents a total return per share of 8.7% during the quarter when compared
to the net asset value per share of 558.8p as at 31 December 2021.

 

2.       Share price

 

The share price has increased by from 473p to 505p in the quarter to 31 March
2022. The share price total return for the quarter to 31 March 2022 was
9.4%.  This compares to a decrease in the FTSE Small Cap Index of 7.4% over
the same period.   The discount to net asset value at 31 March 2022 was
15.1%.

 

3.       Balance Sheet

 

The unaudited balance sheet as at 31 March 2022 is noted below: -

 

                                £'m
 Investments: -
 Dunedin managed                40.8
 Third party managed            5.3
                                46.1

 Cash and near cash             30.3
 Other assets                   1.7

 Total net assets               78.1

 Net asset value per share (p)  594.9p

 

4.       Net asset value movements

 

The portfolio of investments has been re-valued at 31 March 2022. The increase
in net asset value in the quarter can be attributed to valuation increases at
Red (£3.0m), Incremental (£1.9m achieved on exit) and FRA (£0.6m).

 

5.       Cash and Commitments

 

Dunedin Enterprise had cash and near cash balances of £30.3m at 31 March
2022.  Outstanding capital commitments to limited partnership funds are
£11.6m.

 

 

 

6.         Dividend

 

A final dividend of 1.9p per share will be paid to shareholders on 13 May
2022.

 

 

For further information on Dunedin Enterprise please go to
www.dunedinenterprise.com

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