ST PETER PORT CAPITAL – FINAL RESULTS MARCH 2015
Final Results for the Year Ended 31 March 2015
St Peter Port Capital Limited (the “Company” or “St Peter Port”), the AIM quoted investment company whose aim is to generate value by investing predominantly in growth companies shortly before an initial public offering (“IPO”) or other exit event, announces its final results for the year ended 31 March 2015.
Highlights
- Investments in 26 companies* at year end
- NAV of 58.8p per share at 31 March 2015, down 37.5% on the year and 21.3% since 30 September 2014, principally as a result of write-downs
- £3.45 million realised since 1 April 2014, of which £3.36 million was achieved during the year and a further £85,000 since the year end
- £65.8 million realised since inception, a gain of 51% on cost from these investments
- £218,000 invested during the year in two follow-ons, £433,000 in a position sold soon after purchase
- Positive developments in a number of our investments
- £4.0 million in cash available as at 30 June 2015
* excluding companies entirely written down
Bob Morton, Chairman of St Peter Port, said:
“A number of companies in the portfolio continue to make good progress towards achieving a liquidity event. However, the commodities markets remain at multi-year lows which has depressed the value of resources companies. We have therefore reduced the holding value for several of our investments as a result.
“We remain committed to achieving realisations at every available opportunity.”
For further information:
St Peter Port Capital Limited
Peter Griffin – 01481 751000
St Peter Port Investment Management Limited
Graham Shore – 020 7408 4080
Grant Thornton UK LLP – Nominated Adviser
Philip Secrett / Melanie Frean – 020 7383 5100
Shore Capital Stockbrokers Limited – Broker
Dru Danford – 020 7408 4090
Downloads
SPPC – Final Results 31 March 2015