The AIM Distribution Trust plc
Interim Management Statement
for the three months ended 30 June 2008
In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK Listing Authority, The AIM Distribution Trust plc presents an Interim Management Statement for the three month period ended 30 June 2008. The statement also includes relevant financial information between the end of the period and the date of this statement.
Dividends paid or declared in the period
No dividends were declared or paid during the period
Performance
|
|
31 Jul
2008 |
30 Jun
2008 |
31 Mar
2008 |
30 Sept
2007 |
|
|
Pence |
Pence |
Pence |
Pence |
|
Net Asset Value ("NAV") |
48.1 |
50.2 |
50.3 |
65.3 |
|
Cumulative Dividends |
55.8 |
55.8 |
55.8 |
53.8 |
|
Total Return * |
103.9 |
106.0 |
106.1 |
119.1 |
* NAV plus cumulative dividends paid since launch
Investment portfolio summary at 30 June 2008
|
|
|
Cost |
Valuation |
Valuation
movement |
|
|
|
£'000 |
£'000 |
|
|
Ten largest investments by value |
|
|
|
|
|
ANS Group plc |
|
250 |
552 |
(15) |
|
Connaught plc |
Full list |
30 |
507 |
53 |
|
Hill Station plc |
|
664 |
431 |
34 |
|
Spice plc |
|
270 |
427 |
95 |
|
Cadbury House Limited |
Unquoted |
319 |
319 |
- |
|
Aero Inventory plc |
|
115 |
283 |
(15) |
|
Printing.com plc |
|
178 |
254 |
(7) |
|
Doubletake Portraits Ltd |
Unquoted |
250 |
250 |
- |
|
Atlantic Global plc |
|
310 |
186 |
25 |
|
Supporta plc |
|
250 |
178 |
39 |
|
|
|
|
|
|
|
Subtotal |
|
2,636 |
3,387 |
209 |
|
Other venture capital investments |
|
6,377 |
1,721 |
(147) |
|
Listed fixed income securities |
|
558 |
455 |
(114) |
|
Other investments |
|
1,108 |
1,147 |
21 |
|
|
|
|
|
|
|
Total |
|
10,679 |
6,710 |
(31) |
All investments are quoted on AIM unless otherwise stated.
Investment additions during the three month period ended 30 June 2008
|
|
Cost |
|
|
£'000 |
|
Hoole Hall Spa and Leisure Limited |
100 |
|
Hill Station plc |
100 |
|
|
200 |
The Company has made no material investment purchases since the period end.
Investment disposals during the three month period ended 30 June 2008
|
|
Cost |
Market
value at
1 April
2008 |
Disposal
proceeds |
Gain/(loss)
in period
against cost |
Total
realised
gain |
|
|
£'000 |
£'000 |
£'000 |
£'000 |
£'000 |
|
Aero Inventory plc |
22 |
57 |
55 |
33 |
(2) |
|
Connaught plc |
5 |
76 |
77 |
72 |
1 |
|
Printing.com plc |
5 |
9 |
10 |
5 |
1 |
|
Spice plc |
33 |
40 |
51 |
18 |
11 |
|
Straight plc |
33 |
13 |
23 |
(10) |
10 |
|
Triple Arc plc |
247 |
12 |
49 |
(198) |
37 |
|
|
345 |
207 |
265 |
(80) |
58 |
Since the period end, the Company disposed of partial holdings in three investments, receiving proceeds of £66,492.
Changes to share capital
|
|
Ordinary Shares of
25p each | |
|
|
Shares |
£'000 |
|
As at 1 April 2008 |
13,586,073 |
3,396 |
|
Shares bought back and cancelled |
- |
- |
|
As at 30 June 2008 |
13,586,073 |
3,396 |
Since 1 July, the Company purchased 313,937 ordinary shares for cancellation at a price of 45.0p per share.
Material events
Other than described above, there were no material events during the period from 1 April 2008 to 30 June 2008 or in the period from 1 July 2008 to the date of this announcement.