Dunedin Enterprise Investment Trust (DNE)

Sector:

Investment Firms

Index:

FTSE Fledgling

 330.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 380.00
  • 52 Week Low: 209.00
  • Currency: UK Pounds
  • Shares Issued: 18.10m
  • Volume: 26,863
  • Market Cap: £59.73m
  • RiskGrade: 134

Dunedin Enterprise reports decent rise in NAV per share

By Josh White

Date: Friday 15 Nov 2019

LONDON (ShareCast) - (Sharecast News) - Dunedin Enterprise Investment Trust reported an unaudited net asset value per share at the end of its third quarter of 427.9p on Friday, representing a total return per share of 6.7% during the period, compared to the net asset value per share of 400.9p at the end of June.
The London-listed firm said its share price had decreased from 368p to 341p in the three months ended 30 September, with the discount-to-net asset value at period end standing at 20%.

Looking at its unaudited balance sheet, Dunedin Enterprise managed investments of £71.3m at the end of the quarter, with third-party managed investments totalling £4.8m, while cash and near-cash assets totalled £13.1m with other liabilities taking away £0.9m.

The board said its portfolio of investments had been re-valued at 30 September, and explained that the increase in net asset value in the quarter could be attributed to valuation increases within the Dunedin-managed portfolio of £3m at FRA, £2.3m at GPS, £1.6m at Hawksford, £1.6m at Kingsbridge, and £1.1m at Formaplex.

Each of those portfolio companies had benefited from an increase in maintainable earnings.

There was a valuation reduction at CitySprint of £3.4m, with the company explaining that CitySprint was still experiencing a competitive market place in which margins were under pressure, reducing maintainable earnings.

Dunedin Enterprise noted its cash and near cash balances of £13.1m, and said outstanding capital commitments to limited partnership funds were £22.2m.

It said it expected that only £5.6m of the total outstanding commitments would ultimately be drawn over the remaining life of the funds.

"There continues to be significant uncertainty regarding the final outcome of Brexit," the board said of its outlook.

"While the board does not expect there to be any significant impact from Brexit on the operations of the company itself, each of our portfolio companies has developed plans to cater for a variety of outcomes which will be continually reviewed as the course of Brexit becomes clearer.

"The board welcomes the strong trading performance of several portfolio companies and the returns which have been delivered for shareholders by the underlying investment performance."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

DNE Market Data

Currency UK Pounds
Share Price 330.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 380.00
52 Week Low 209.00
Volume 26,863
Shares Issued 18.10m
Market Cap £59.73m
RiskGrade 134

DNE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
43.94% below the market average43.94% below the market average43.94% below the market average43.94% below the market average43.94% below the market average
3.90% above the sector average3.90% above the sector average3.90% above the sector average3.90% above the sector average3.90% above the sector average
Price Trend
15.26% above the market average15.26% above the market average15.26% above the market average15.26% above the market average15.26% above the market average
0.56% above the sector average0.56% above the sector average0.56% above the sector average0.56% above the sector average0.56% above the sector average
Income
66.94% below the market average66.94% below the market average66.94% below the market average66.94% below the market average66.94% below the market average
69.53% below the sector average69.53% below the sector average69.53% below the sector average69.53% below the sector average69.53% below the sector average
Growth
88.27% above the market average88.27% above the market average88.27% above the market average88.27% above the market average88.27% above the market average
87.12% above the sector average87.12% above the sector average87.12% above the sector average87.12% above the sector average87.12% above the sector average

DNE Dividends

  Latest Previous
  Final Final
Ex-Div 23-Apr-20 25-Apr-19
Paid 15-May-20 16-May-19
Amount 5.00p 2.00p

Trades for 27-Nov-2020

Time Volume / Share Price
15:30 1,054 @ 331.50p
14:32 7,140 @ 338.00p
13:53 5,962 @ 324.00p
13:52 5,000 @ 324.00p
12:53 558 @ 324.00p

DNE Key Personnel

Chair Duncan W A Budge

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