AI assistant
CLIME CAPITAL LIMITED — Net Asset Value 2011
Jul 12, 2011
64602_rns_2011-07-12_15228dfe-5d3e-4ddd-ac50-14d6dbbc5854.pdf
Net Asset Value
Open in viewerOpens in your device viewer
Company Announcements Australia Stock Exchange by e-lodgement
13 July 2011
Net Tangible Assets (NTA) Update
NTA $1.28 before tax and $1.21 after tax, dividends and bonus issues
The Clime Capital board is pleased to report the NTA of Clime Capital Limited is $65.2 million or $1.28 per share as at 30 June 2011.
| 28 per share as at 30 June 2011. | |||
|---|---|---|---|
| Inv | stments30 Aril 1 | 31 Ma 1130 June 11 | |
| p | y | ||
| Equities$57.8m$56.1m$53.0mCash$8.9m$10.4m$12.2mNet Assets$66.7m$66.5m$65.2m | ities$57.8m | $56.1m$53.0m | |
| NTA beforetax per share$1.311$1.301$1.281 |
1 Fully Diluted NTA per share incorporates both the fully paid ordinary shares and converting preference shares on issue and bonus entitlements due to be paid on conversion of the preference shares
| 3 months | 3 months | 1 year | 2 years* | 3 years* | 4 years* |
|---|---|---|---|---|---|
| Clime Capital Limited | -2.4% | 8.7% | 16.9% | 11.7% | 0.4% |
| ASX All Ordinaries Acc.Index | -4.8% | 12.2% | 13.0% | -0.2% | -3.3% |
| Outperformance | 2.4% | -3.5% | 3.9% | 11.9% | 3.7% |
- Annualised investment performance to 30 June 2011.
Top Ten Portfolio Holdings – 30 June 2011
| ASX Code | Company Name | PortfolioWeighting (%) |
|---|---|---|
| BHP | BHP Billiton Limited | 8.43 |
| TLS | Telstra Corp | 7.75 |
| AAZPB | Australand Conv Note | 7.31 |
| MMS | McMillan Shakespeare | 6.84 |
| EPX | Ethane Pipeline | 5.99 |
| MLC | Mothercare Australia | 5.25 |
| MXUPA | Multiplex CnvNt 2049 | 4.95 |
| WOW | Woolworths Limited | 4.88 |
| ANZ | ANZ Bank Ltd | 4.89 |
| CBA | Commonwealth Bank | 4.13 |
Investment Update
During June the manager of CAM continued to increase cash holdings for the company. At the date of this report cash holdings are approaching $12.5 million. High yielding convertibles and hybrids account for about another $10 million of the portfolio. The company is firmly anchored by high yielding securities which will continue to generate high income revenue even if markets continue to correct.
As per our comments last month our view remains that the outlook for the next few months is weak sentiment and a lower equity market where price falls may not discriminate according to quality. From a value perspective this may mean that quality companies with high ROE, strong balance sheets and business franchises are offered at attractive prices - once again. Thus, raising liquidity in anticipation of attractive buying opportunities seems an appropriate strategy for the company at this point.
Kind regards
John Abernethy Chairman Clime Capital limited