Pacific Horizon Inv Trust (PHI)

Sector:

Investment Firms

Index:

FTSE Small Cap

892.00p
   
  • Change Today:
    -11.00p
  • 52 Week High: 948.00
  • 52 Week Low: 678.00
  • Currency: UK Pounds
  • Shares Issued: 90.32m
  • Volume: 136,715
  • Market Cap: £805.70m
  • RiskGrade: 143
  • Beta: 1.20

Pacific Horizon calls on investors to vote against liquidation

Date: Wednesday 07 Sep 2011

LONDON (ShareCast) - Cash-strapped investment trust Pacific Horizon has released a statement calling on its investors to vote against the liquidation of the company.

The directors have proposed that the life of the company be extended for a further five years, but said if this move was not voted through it would propose the liquidation of the company, the proceeds of which would go to shareholders.

The group said: "Despite the problems of debt and slow growth currently faced by the developed world, the board and managers consider that the attractions of investing in the regions of the Asia-Pacific and Indian sub-continent remain strong.

"We are aware that performance in the volatile markets, which have followed the financial crisis of 2008/9, has been disappointing.

"However, having conducted a thorough review of the Managers' approach and resources we judge them to have the right team to manage a portfolio in what we still consider to be a region with outstanding long term prospects for investment."

Pre-tax profit for the year was down from £23.68m to £12.83m, while gains on investments fell from £22.36m to £11.17m.

Cash also fell, tumbling from £0.7m to -£1.4m. Earnings per share rose from 1.65p to 1.98p.

The board has recommended a dividend payment of 1.50p.

The share price rose 0.51% to 147.50 at 14:29.

NR

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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.

 

PHI Market Data

Currency UK Pounds
Share Price 892.00p
Change Today -11.00p
% Change -1.22 %
52 Week High 948.00
52 Week Low 678.00
Volume 136,715
Shares Issued 90.32m
Market Cap £805.70m
Beta 1.20
RiskGrade 143

PHI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
8.03% above the market average8.03% above the market average8.03% above the market average8.03% above the market average8.03% above the market average
69.44% below the sector average69.44% below the sector average69.44% below the sector average69.44% below the sector average69.44% below the sector average
Price Trend
77.70% above the market average77.70% above the market average77.70% above the market average77.70% above the market average77.70% above the market average
87.36% above the sector average87.36% above the sector average87.36% above the sector average87.36% above the sector average87.36% above the sector average
Income Not Available
Growth
88.89% above the market average88.89% above the market average88.89% above the market average88.89% above the market average88.89% above the market average
89.51% above the sector average89.51% above the sector average89.51% above the sector average89.51% above the sector average89.51% above the sector average

PHI Dividends

  Latest Previous
  Final Final
Ex-Div 08-Oct-20 13-Oct-16
Paid 13-Nov-20 11-Nov-16
Amount 0.25p 0.35p

Trades for 30-Nov-2021

Time Volume / Share Price
15:37 2 @ 893.00p
15:33 2,630 @ 893.98p
15:31 67 @ 893.40p
15:29 588 @ 893.40p
15:27 55 @ 893.40p

PHI Key Personnel

Chair Angus Macpherson

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