Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
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  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
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  • to enable you to participate in interactive features of our service, when you choose to do so;
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  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email publishing@financialexpress.net in the first instance.

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Henderson Smllr Cos (HSL)

  Print      Mail a friend       Annual reports

Friday 15 October, 2010

Henderson Smllr Cos

Interim Management Statement

RNS Number : 4988U
Henderson Smaller Cos Inv Tst PLC
15 October 2010
 



 

 

 

HENDERSON GLOBAL INVESTORS

 

THE HENDERSON SMALLER COMPANIES INVESTMENT TRUST PLC

                                                                                                                                          

15 October 2010                                  

 

 

THE HENDERSON SMALLER COMPANIES INVESTMENT TRUST PLC

 

First Interim Management Statement for the year beginning 1 June 2010

 

The objective of The Henderson Smaller Companies Investment Trust plc is to maximise shareholders' total returns by investing mainly in smaller companies that are quoted in the United Kingdom.  The benchmark is the Hoare Govett Smaller Companies Index (excluding investment companies).  The Manager is Henderson Global Investors Limited.  Information about the Company can be found on the Manager's website www.itshenderson.com or www.hendersonsmallercompanies.com

 

Review of the first six month period, beginning 1 June 2010

Between 31 May 2010 and 31 August 2010 the net asset value per share (including current financial year revenue items) rose by 5.5%, while the Company's benchmark increased by 3.3% on a total return basis.  The Company has maintained a modest level of gearing.  As at 31 August 2010 the Company had total borrowings of £20.5 million, representing gearing of 8.4%.

 

The share price at 31 August 2010 was 237.5p, giving the Company a market capitalisation of £177.9 million.  Since 31 May 2010 the Company has not bought back for cancellation any of its ordinary shares.  The number of ordinary shares in issue is currently 74,906,796. 

 

At the Annual General Meeting of the Company held on 24 September 2010, all the resolutions proposed were duly passed; these resolutions included the triennial vote on the continuation of the Company.  The proxy votes received are shown on the Manager's website.

 

The Company paid, on 8 October 2010, a final dividend of 3.60p in respect of the year ended 31 May 2010.

 

There are no other material events or transactions to report.

 

Net Asset Value

As at close of business on 31 August 2010, the unaudited net asset value per share, calculated in accordance with the AIC (Association of Investment Companies) formula, including current financial year revenue items, was 292.3p.  The unaudited net asset value per share, including current financial year revenue items but calculated by valuing the Company's debenture stock at market value, was 284.6p. 



THE HENDERSON SMALLER COMPANIES INVESTMENT TRUST PLC

 

First Interim Management Statement for the year beginning 1 June 2010

 

Performance

The Company's performance, on a total return basis, in the periods of three months and three years ended 31 August 2010 was as follows:

 


3 months to 31.08.10

3 years to 31.08.10

Net asset value per share

5.5%

-16.9%

Share price

9.9%

-16.3%

Benchmark*

3.3%

-7.9%

 

Source (other than the net asset value per share over 3 months): Morningstar

 

*The benchmark is the Hoare Govett Smaller Companies Index

(excluding investment companies).

 

Largest Investments

The top twenty holdings as at 31 August 2010 were:

 

WSP

Informa

Croda

Spectris

Victrex

Domino Printing Sciences

Intermediate Capital

Melrose

WS Atkins

Premier Oil

Carillion

Bellway

Rotork

e2v technologies

Restaurant Group

Interserve

Chemring

Balfour Beatty

Ultra Electronic

Paragon

 

These investments represent 40.9% of the total portfolio valuation at 31 August 2010

of £237.4 million.

 

ENDS

 



THE HENDERSON SMALLER COMPANIES INVESTMENT TRUST PLC

 

First Interim Management Statement for the year beginning 1 June 2010

 

 

For further information, please contact:

 

Neil Hermon

Fund Manager

The Henderson Smaller Companies Investment Trust plc

Telephone: 020 7818 4351                                                      

 

 

James de Sausmarez

Head of Investment Trusts                                                       

Henderson Global Investors                                                     

Telephone: 020 7818 3349


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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