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Caledonia Investments Reports Quarterly Rise In Net Asset Value

John Adam
  • January 8th 2015, 11:36
  • Last Updated: October 10th 2019, 12:27

**Caledonia Investments Reports Quarterly Rise In Net Asset Value**

LONDON (Alliance News) – Caledonia Investments PLC, a self-managed investment trust, Thursday reported a 2.2% rise in net asset value in the final quarter of 2014, boosted by holdings in Avanti Communications Group PLC, the AIM-listed satellite communications provider, and US manufacturer Latshaw Group.

In a statement, Caledonia Investments said its NAV rose to GBP1.53 billion on December 31 from GBP1.49 billion on September 30, while the NAV per share total return was 2.6%. NAV per share rose to 2,725 pence from 2,675p at the end of September.
“Unquoted investments are revalued in March and September. Consequently, the NAV at December 31, 2014 did not include any valuation adjustments to unquoted investments in the past three months,” the trust said.

Investments amounted to GBP61.3 million, including GBP19.1 million in the Macquarie Asia New Stars public equity fund.
Realisations totalled GBP76.5 million, including GBP29.0 million for the trust’s holding in Dewan Housing Finance, an Indian housing finance provider, a GBP15.1 million distribution from the unquoted Latshaw Group, relating to the sale of one of its subsidiaries, and GBP9.6 million from the sale of the trust’s ordinary share holding in London-listed Polar Capital Global Financials Trust PLC.
Caledonia Investments shares were up 0.8% at 2,328.00 pence on Thursday.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2015 Alliance News Limited. All Rights Reserved.

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John Adam
John Adam was one of the Invezz Founding Partners & Lead Editor's up until 2017. John has an unmatched breadth and depth of experience in all things investing, and we wish him the best in his pastures new.

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