21 November 2006
ANNOUNCEMENT TO STOCK EXCHANGE GRAPHITE ENTERPRISE TRUST
The Board of Graphite Enterprise Trust plc announces that the net asset value per share as at 30 September 2006 was 425.5p. This represents an increase in net asset value per share of 6.8% over the net asset value per share of 398.4p at 31 December 2005 and compares with a rise of 7.1% in the FTSE All-Share Index in the same period.
The summary balance sheet as at 30 September 2006 is set out below:
£m |
% of total assets |
|
| Investment portfolio | 195.3 |
53.8% |
| FTSE 100 Call Option | 25.5 |
7.0% |
| Total portfolio | 220.8 |
60.8% |
| Net current assets | 142.2 |
39.2% |
| Total assets | 363.1 |
100.0% |
The Company was effectively 90.0% invested as a percentage of total net assets at 30 September 2006 (30 June: 85.4%), taking into account the effect of the option.
In the three months to 30 September 2006, additions to the investment portfolio were £24.9 million (year to date: £67.1 million), and disposals were £9.6 million (year to date: £67.0 million). There were no new commitments to funds in the three month period, and total commitments at 30 September 2006 were £163.4 million. A number of fund commitment opportunities are currently being considered.
The revenue return per share for the nine months to 30 September 2006 was 4.8p. The Company will not make a special dividend payment in 2006 but it is likely that there will be an increase in the final dividend.