Track record and returns

Disclamer

Shore Capital Stockbrokers Limited is a member of the London Stock Exchange and is authorised and regulated by the Financial Services Authority.

Shore Capital Limited and Shore Capital and Corporate Limited are authorised and regulated by the Financial Services Authority.

The information on this website about Shore Capital Group Limited ("the Company") is derived from sources considered reliable but no warranty, expressed or implied, by the Company, its directors or employees is given as to its accuracy or completeness. No reliance should be placed on this information in any decision to acquire or dispose of shares in the Company or any investment referred to herein. Potential investors in the Company's shares are recommended to take advice before dealing from an authorised professional investment adviser or stockbroker.

The services described on this website are available solely subject to the terms and conditions of a client engagement agreement which will represent the whole agreement between any Shore Capital group company and the client. The description on the website is to provide a preliminary overview and cannot be relied upon as the basis of any contractual obligation. No investment advice is offered on this site and none should be construed as being offered. Past performance is not necessarily a guide to the future and share and unit prices can go down as well as up.

Where links have been provided to other websites this has been done solely for our users' convenience, without giving any express or implied guarantee, endorsement or recommendation by any Shore Capital group company. No Shore Capital group company has any responsibility for the content of such websites and cannot accept any liability in this respect. Use of these links implies acceptance of this condition.

Whilst we seek to keep this website up-to-date, the information displayed is subject to change without notice.

I have read and acknowledge this informationDecline

St Peter Port Capital - (SPPC.L)

Interim Results for the Six Months Ended 30 September 2013

St Peter Port Capital Limited (the “Company” or “St Peter Port”), the AIM quoted investment company whose objective is to generate value by investing predominantly in growth companies shortly before an initial public offering (“IPO”) or other exit events (“pre-IPO companies”), announces its interim results for the six months ended 30 September 2013. 

  • Investments in 39 companies* at period end
  • NAV of 100.2p per share at 30 September 2013, down 10.4% since 31 March 2013, principally resulting from strengthening of sterling and consequent impact on dollar denominated investments in sterling terms
  • Further progress in the portfolio in major holdings such as Astrakhan Oil, Brazil Potash and Global Atomic, which plan liquidity events for shareholders in 2014
  • £1.35m realised since 1 April 2013, (£1.19m in the period from sale of Iona Energy)
  • £60.3m realised since inception, generating a gain of 73% on these investments
  • £1.2m invested during the period in 1 new and 2 follow-on investments
  • £3.4m in cash as at 16 December 2013.

* excluding companies entirely written down

Bob Morton, Chairman of St Peter Port, said:

“There are many exciting companies in the portfolio which have made significant progress over the last few months and which have advanced plans for liquidity events.  Whilst the fact that value is being generated is positive, what matters to the Company is the realisation of our investments.  There are good prospects for sizeable transactions in 2014, which we expect generally to occur at a significant premium to our current carrying cost.”

Tim Childs, Investment Advisor to St Peter Port Investment Management Limited, said:

“The portfolio continues to develop well and many of the companies in it have added significantly to their value during our investment period.  We remained primarily focused on bringing forward the crystallisation of value in the portfolio, particularly in our major holdings.  These offer the possibility of very large further gains if progress continues as it has recently.

The September 2013 interim report is available as a download on the link below.

For more information on St Peter Port Capital, please contact Hugh Rogers on 0207 408 4067, or hugh.rogers@shorecap.co.uk