St Helens Private Equity Plc
LSE : SHPE

May 16, 2008 04:16 ET

St Helen's Private Equity Plc ('SHPE' or 'the Company'): Performance Review to 31 March 2008

LONDON, UNITED KINGDOM--(Marketwire - May 16, 2008) - St Helen's Private Equity plc (PLUS:SHPE), the 'SmallCap'. Pre-IPO and Special Situations investment company, is pleased to report on the performance of the Company for the Quarter ended 31 March 2008.

The information has been compiled by SHPE on the bases of the details available. The figures have not been reviewed or audited by the Company's Auditors.

COMMENTARY

The major success of the quarter was the sale of the Company's entire holding in one of the listed investments. The share price had performed strongly since purchase enabling SHPE to crystallise within a short time period a return of 42%, equating to a Return on Investment well in excess of 100% per annum. One other sale and two other purchases were made during the period.

During the quarter the share prices of a number of quoted companies in the portfolio declined on the back of general weakness in the financial markets. In addition the valuations of all the unquoted investments were reviewed and the unquoted investment portfolio was written down by 11.40%. As a result the Net Asset Value per share declined by 7.40%, in line with the 8.58% fall in the AIM all-share index and 11.69% fall in the FTSE 100 index during the same period.



PERFORMANCE & RISK STATISTICS

Average Annual Return (AAR): 25.16%
Return Since Inception (RSI): 70.32%

AS AT 31 MARCH 2008:
Number of Investments: 36
Number of Private equity positions: 17
Number of Investments on PLUS 10
Number of Investments on AIM: 9
Number of special situations/inc. loans: 8


AAR is the growth in MA NAV per share from the MA NAV per share 12 month ago (70.77p) to the MA NAV per share at the end of the last quarter to 31.03.2008 (88.57p).

RSI is the growth in MA NAV per share from the net initial investment per share of 52p to the MA NAV per share at the end of the last quarter to 31.03.2008.

MA NAV per share is calculated on a Moving Annual Basis (the average of the NAV per share at the end of the last four quarters to 31.03.2008).



COMPANY INFORMATION AS AT 31 MARCH 2008:

Share Price: 70.00p
NAV per share: 77.40p
MA NAV per share: 88.57p
Market Cap: GBP 1,182,742
Net Asset Value: GBP 1,307,522
Shares in Issue: 1,689,631
Auditor: H W Fisher & Company
Share Registrars: SLC Registrars
Market Listing: PLUS
Corporate Adviser Fisher Corporate Plc
Domicile: UK
Inception Date: December 2004
Minimum Investment: None


The Directors of the issuer accept responsibility for this announcement.

Contact Information

  • St Helen's Private Equity Plc
    Hamish Williams
    020 7628 5582
    or
    Fisher Corporate Plc
    Gary Miller
    020 7388 7000