Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.
Date: Thursday 07 Mar 2013
LONDON (ShareCast) - FTSE 250-listed investment trust RIT Capital Partners has reported its highest net asset value (NAV) per share of 1,309p on February 22nd, a financial update has shown.
In the nine months ended December 31st, the company reported that it increased its net quoted equity exposure to 61% and overall investment exposure to 101% .
It said that it consolidated its portfolio, with an increasing focus on specific situations and paid a total dividend of 28p per share in August 2012.
The board reported that it intends to pay dividends of 14p per share in April 2013 and 14p per share in October 2013.
Since December 31st, the NAV grew 9.9% and the company said that net assets are currently over £2.0bn for the first time in the trustís history.
Lord Rothschild, Chairman of RIT Capital Partners, commented: "For the first time in RIT's history net assets now exceed £2.0bn, while the NAV on February 22nd of 1,309p represents a new all-time high."
He added: "We have not abandoned the overall caution which the world economy still demands but our focus has shifted more towards growth. To reflect our increasing confidence in markets we have reduced our defensive hedges and identified investments which are attractively valued. Our particular emphasis in the current year has been targeted at an improving US economy."
RIT Capital Partnersí share price was up 5.12% to 1,232p at 11:35 on Thursday.
|52 Week High||2,535.00p|
|52 Week Low||1,724.00p|
Compare performance with the sector and the market.
|1st Interim||2nd Interim|
|Time||Volume / Share Price|
|15:02||11 @ 2,495.00p|
|15:00||4 @ 2,490.00p|
|15:00||6 @ 2,491.10p|
|14:59||292 @ 2,491.11p|
|14:58||12 @ 2,490.00p|