The AIM Distribution Trust plc
Interim Management Statement
for the three months ended 30 June 2007
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 2007. 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 paid or declared in the period.
Performance
|
|
31 July 2007 |
30 June 2007 |
31 March 2007 |
30 September 2006 |
31 March 2006 |
|
|
Pence |
Pence |
Pence |
Pence |
Pence |
|
Net Asset Value ("NAV") |
66.5 |
66.5 |
64.1 |
65.1 |
70.0 |
|
Cumulative Dividends |
53.8 |
53.8 |
53.8 |
51.8 |
51.8 |
|
Total Return * |
120.3 |
120.3 |
117.9 |
116.9 |
121.8 |
|
* (NAV plus cumulative dividends paid since launch) |
|
|
| ||
Investment portfolio summary at 30 June 2007
|
|
|
Cost |
Valuation |
|
|
|
£'000 |
£'000 |
|
Ten largest investments by value |
|
|
|
|
Connaught plc |
Full list |
54 |
730 |
|
Revenue Assurance Services plc |
|
493 |
655 |
|
Printing.com plc |
|
200 |
456 |
|
ANS Group plc |
Listed on Plus |
250 |
436 |
|
Aero Inventory plc |
|
195 |
404 |
|
Supporta plc |
|
250 |
381 |
|
Huveaux plc |
|
299 |
373 |
|
Cadbury House Hotel and Country Club Ltd |
Unquoted |
225 |
315 |
|
Glisten plc |
|
178 |
304 |
|
Deltex Medical Group plc |
|
258 |
289 |
|
|
|
|
|
|
Other venture capital investments |
|
6,603 |
3,039 |
|
Listed fixed income securities |
|
558 |
631 |
|
Other investments |
|
445 |
447 |
|
|
|
|
|
|
Total |
|
10,008 |
8,460 |
All investments are quoted on AIM unless otherwise stated.
Investment additions during the 3 months ended 30 June 2007
|
|
Cost |
|
|
£'000 |
|
Close Allblue Fund |
222 |
|
Goldman Sachs Dynamic Fund |
223 |
|
Sundry venture capital investments |
1 |
|
|
446 |
Since the period end, the Company has invested £65,000 in venture capital investments and £668,000 in a Barclays Bank diversity tracker fund.
Investment disposals during the 3 months ended 30 June 2007
|
|
Cost |
Market
value at
1 April
2007 |
Disposal
proceeds |
Gain/(loss)
in period
against cost |
Total
realised
gain |
|
|
£'000 |
£'000 |
£'000 |
£'000 |
£'000 |
|
|
|
|
|
|
|
|
Connaught plc |
16 |
180 |
204 |
188 |
24 |
|
|
16 |
180 |
204 |
188 |
24 |
There have been no investment disposals since the period end.
Changes to share capital
|
|
Ordinary Shares of
25p each | |
|
|
Shares |
£'000 |
|
As at 31 March 2007 |
14,203,875 |
3,551 |
|
Shares bought back and cancelled |
- |
- |
|
As at 30 June 2007 |
14,203,875 |
3,551 |
There have been no shares bought back for cancellation since the period end.
Material events
Other than described above, there were no material events during the period from 1 April 2007 to 30 June 2007 or in the period from 1 July 2007 to the date of this announcement.