Investment Trust plc
Half Year Report 2022
Officers and Advisors | 1 |
Blue Planet Investment Trust plc | |
Officers and Advisors | |
Directors | Investment Manager, Administrator and |
Russell Frith (Non-Executive Chairman) | Secretary |
Victoria Killay (Non-Executive) | Blue Planet Investment Management Ltd |
Kenneth Murray (Non-Executive) | 17 Grosvenor Crescent |
Edinburgh EH12 5EL | |
Telephone No: 0131 466 6666 | |
E-mail: info@blueplanet.eu | |
www.blueplanet.eu | |
Registered Office | Registrars |
17 Grosvenor Crescent | Link Group |
Edinburgh | 10th Floor, Central Square |
EH12 5EL | 29 Wellington Street |
Telephone No: 0131 466 6666 | Leeds LS1 4DL |
E-mail: info@blueplanet.eu | Email: shareholderenquiries@linkgroup.co.uk |
www.blueplanet.eu | www.linkgroup.eu |
Shareholder Helpline No: 0371 664 0300 (calls | |
are charged at the standard geographic rate | |
and will vary by provider. Calls outside the UK | |
will be charged at the applicable international | |
rate. Lines are open 9am-5.30pm(Mon-Fri)) | |
Statutory Auditors | Custodians |
Johnston Carmichael LLP | Caceis Investor Services |
7-11 Melville Street | Broadwalk House, 5 Appold Street |
Edinburgh EH3 7PE | London EC2A 2AG |
Bankers | Interactive Brokers (U.K.) Ltd |
Lloyds Banking Group | |
Level 20 Heron Tower, 110 Bishopsgate | |
1st Floor | |
London EC2N 4AY | |
48 Chiswell Street | |
London EC1Y 4XX | |
Registered Number | |
SC192153 |
Blue Planet Investment Trust plc is a member of the Association of Investment Companies.
2 | Financial Record |
Blue Planet Investment Trust plc |
Investment Policy
The investment policy of the Company is to invest in securities (including equities, exchange traded funds, equity-related securities, bonds, and derivatives) issued by companies, Governments and other types of issuers located throughout the world.
Investment Objectives
The Company has not set maximum exposures for any type of issuer, geographical regions or sectors. How the Company's investments are allocated will depend on market conditions and the judgement of the Board as to what is in the best interests of Shareholders. This is to provide it with the flexibility that is necessary to deal with an ever-changing economic environment. It would, however, normally be expected that most of the Company's investments will be in equities, exchange traded funds, equity-related securities, preference shares, bonds, bills and derivatives. However, the Company is not prohibited from investing in other types of securities including unlisted investments and property. No more than 15 per cent of the Company's portfolio may be invested in any one investment at the time the investment is made. There is no restriction on the amount that may be invested in any one country.
Financial Record including Key | Six months | Six months | Year |
Performance Indicators | ended | ended | ended |
31 October 2022 | 31 October 2021 | 30 April 2022 | |
(unaudited) | (unaudited) | (audited) | |
Total return per share (p)1 | (4.04) | (3.64) | (20.23) |
NAV total return per share (%)2 | (25.8) | (10.0) | (56.4) |
Share price total return (%)3 | (35.7) | (13.6) | (45.0) |
Total return on Benchmark Index (%)4 | (2.3) | n/a | n/a |
Revenue return available for shareholders (£'000) | (244) | (246) | (517) |
Revenue return per share (p)1 | (0.49) | (0.49) | (1.05) |
Capital return per share (p)1 | (3.54) | (3.15) | (19.18) |
Financial Record | 3 |
Blue Planet Investment Trust plc
Financial Record including Key | Six months | Six months | Year |
Performance Indicators | ended | ended | ended |
31 October 2022 | 31 October 2021 | 30 April 2022 | |
(unaudited) | (unaudited) | (audited) | |
Total assets less current liabilities | |||
(excluding loans) (£'000) | 8,962 | 20,561 | 12,240 |
Loans (£'000) | (3,238) | (4,635) | (4,520) |
Shareholders' funds (£'000) | 5,724 | 15,926 | 7,720 |
Net asset value per share (p)5 | 11.57 | 32.19 | 15.60 |
Share price (p) - (Bid) | 9.00 | 22.00 | 14.00 |
Share price discount to NAV (%)6 | 22.2 | 31.7 | 10.3 |
Gearing (%)6 | 15.4 | 27.7 | 57.8 |
Ongoing Charges (%)6 | 9.1 | 4.6 | 5.2 |
The Board assesses the Company's performance in meeting its objectives against the above KPIs, they also believe the above KPIs are of most relevance to shareholders in monitoring the performance of the Company and therefore the return on their investment in the Company.
- Returns per share are calculated by taking the figure for "Return on ordinary activities after taxation and total comprehensive income" for each column as stated on the Income Statement and dividing by the weighted average number of ordinary shares in issue during the period. (Note 3)
- NAV total return per share is calculated as the percentage change in net asset value per share in the period with dividend paid during the period reinvested at the time of distribution.
- Share price total return is calculated as the percentage change in share price in the period with dividend paid during the period reinvested at the time of distribution.
- The Company's benchmark index is the NASDQ Composite index on a GBP basis. The percentage change in value between each period end is shown above.
- Net asset value per share is calculated as shareholders' funds divided by the number of ordinary shares in issue at the period end.
- Considered to be an Alternative Performance Measure.
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Disclaimer
Blue Planet Investment Trust plc published this content on 26 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 January 2023 11:53:09 UTC.