Africa Opportunity Fund Limited Net Asset Value and Portfolio Allocation Update (0410Q)
September 06 2017 - 1:24PM
UK Regulatory
TIDMAOF
RNS Number : 0410Q
Africa Opportunity Fund Limited
06 September 2017
06 September 2017
Africa Opportunity Fund Limited ("AOF")
Net Asset Value and Portfolio Allocation Update
Net Asset Value
Africa Opportunity Fund Limited (SFS: AOF) announces that as at
close of business on 31 August 2017, its unaudited net asset value
per Ordinary share was US$0.955.
Portfolio allocation update
Following the C share conversion as announced on 21 August 2017,
the Company provides the following update in relation to its
portfolio allocation as at 31 August 2017.
Portfolio allocation as at 31 August 2017
Total NAV: $71,454,408
Total Shares Outstanding: 74,849,606
NAV/Share: 0.955
Geographic and Sectoral Allocation
Africa Opportunity
Fund
Geographic
Exposure
% of Sec
Sector holdings
-------------------- ----------
Zambia 8.5%
Ghana 37.4%
Senegal 15.4%
Other 3.9%
Nigeria 5.0%
Cote D'Ivoire 2.9%
Morocco 1.0%
Zimbabwe 9.2%
Egypt 2.8%
Kenya 3.2%
Botswana 2.8%
Tanzania 2.1%
South Africa 3.0%
Uganda 2.8%
----------
Total 100.0%
----------
Africa Opportunity
Fund
Sectoral Exposure
% of Sec
Sector holdings
-------------------- ----------
Telecommunications 12.4%
Financial Services 35.0%
Consumer Finance 3.5%
Utilities 12.2%
Oil Exploration
& Production 5.3%
Consumer Products
& Services -0.9%
Plantations 5.5%
Mining Industry 11.0%
Real Estate 7.3%
Materials 1.3%
Beverages 2.1%
Other 5.3%
----------
Total 100.0%
----------
Geographic and sectoral allocation takes the sum of positions in
a particular category as a percentage of total security
holdings.
Top 10 Consolidated Positions
Description % of NAV on % of NAV on
Top Ten Holdings 31 Aug 2017 30 June 2017
- AOF
---------------------------- --------------------------------------- ------------- --------------
Ghanaian property & casualty
insurance and life assurance
Enterprise Group company 24.2% 13.6%
---------------------------- --------------------------------------- ------------- --------------
Dominant Senegalese and regional
integrated telecommunication
Sonatel operator 10.1% 11.7%
---------------------------- --------------------------------------- ------------- --------------
Copperbelt Energy Leading electricity distributor
Corp in the Zambian Copperbelt 7.5% 8.8%
---------------------------- --------------------------------------- ------------- --------------
1st priority bond backed by
Tizirr 9.0% 28 Grande Cote mineral sands project
Sep 2017 in Senegal 4.2% 4.7%
---------------------------- --------------------------------------- ------------- --------------
Gold mining company operating
Anglogold Ashanti in 11 countries 4.2% 4.1%
---------------------------- --------------------------------------- ------------- --------------
Standard Chartered Leading commercial bank in
Bank Ghana 4.0% 3.4%
---------------------------- --------------------------------------- ------------- --------------
Mashonaland Holdings Zimbabwean real estate company 3.6% 3.9%
---------------------------- --------------------------------------- ------------- --------------
Leading Pan-African reinsurer
Continental Reinsurance based in Nigeria 3.5% 3.3%
---------------------------- --------------------------------------- ------------- --------------
Pearl Properties Zimbabwean real estate company 3.2% 3.2%
---------------------------- --------------------------------------- ------------- --------------
Kenya Power & Lighting Leading electricity distributor
Ltd in Kenya 3.0% 2.5%
---------------------------- --------------------------------------- ------------- --------------
Total 67.5% 59.2%
--------------------------------------------------------------------- ------------- --------------
For further information please contact:
Africa Opportunity Fund Limited
Francis Daniels Tel: +2711 684 1528
Liberum (Corporate Broker)
Andrew Davis
Henry Freeman/Rob Johnson Tel: +44 20 3100 2000
For more information about AOF, see
www.africaopportunityfund.com
Prior to its release, this announcement contained inside
information within the meaning of Article 7(1) of the EU Market
Abuse Regulation.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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September 06, 2017 13:24 ET (17:24 GMT)
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