1st Quarter Results

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

2.  Share price

The share price has increased by from 473 p to 505 p 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)	594.9 p

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 £ 30.3 m 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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