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Share Price:
Up 998.00p
Change Today:
12.00p
Market Cap:
1,043.53m
Sector:
Equity Investment Instruments

British Empire Trust swings to earnings in full-year report

By Josh White

Date: Friday 11 Nov 2016

LONDON (ShareCast) - (ShareCast News) - British Empire Trust posted its annual report for the 12 months to 30 September on Friday, with net asset value per share total return for the year of 31% and share price total return of 34.3%.
The FTSE 250 company reported investment income of 20.69m, down marginally on the 20.93m recorded in 2015, although revenue earnings per share rose to 14.32p from 11.75p.

Its capital earnings per share were 141.72p, swinging from a 59.95p capital losses per share in 2015, and total earnings per share were 156.04p, from losses of 48.2p per share last year.

Ordinary dividends per share remained in line with the prior year at 11.7p, though British Empire paid special dividends of 2.8p in 2016, while it paid no such dividends in 2015.

"There are an unusually large number of risks for investors at the time of writing," said chairman Strone Macpherson.

"On the geopolitical front, the consequences of the outcome of the US election, the Brexit arrangements to be negotiated, the German, French and other European elections in the year ahead, and the turmoil in the Middle East, are all major uncertainties."

Macpherson said the risk of significant policy errors by Central Banks also remained high.

"However, despite all these difficulties, and the volatility that they bring to the investment markets, such volatility often produces pricing anomalies for value investors such as British Empire."

This year's results were encouraging, Macpherson explained, before stressing the importance to recognise that British Empire has a portfolio of investments containing a large store of unrealised value reflected in the considerable see-through discount.

"Your board believes that shareholders will continue to be well served over time by maintaining the current value investment approach."

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AGT Market Data

Currency UK Pounds
Price 998.00p
Change Today 12.00p
52 Week High 1,014.00p
52 Week Low 591.00p
Volume 148,358
Shares Issued 104.56m
Market Cap 1,043.53m
Beta 0.00

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AGT Dividends

  Latest Previous
  Final Interim
Ex-Div 03-Dec-20 11-Jun-20
Paid 04-Jan-21 03-Jul-20
Amount 10.50p 6.00p

Trades for 07-May-2021

Time Volume / Share Price
16:35 5,170 @ 998.00p
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16:28 60 @ 1,000.00p
16:28 73 @ 1,000.00p

AGT Key Personnel

Chair Susan Margaret Noble