CHELVERTON GROWTH TRUST PLC
The Net Asset Value, based on bid prices, per Ordinary Share of
1p (including current period revenue to 30
November 2012) at close of business on 30 November 2012 was 40.11p.
This is based on 11,784,283 Ordinary Shares, being the issued capital of
11,884,283 Ordinary Shares less 100,000 Ordinary Shares held in treasury.
Following a review and revaluation of the unquoted holdings the
loan stock of Closed Loop has been written back up to £84,020 being
33.3p in the pound. One Horizon Group has reversed into Intelligent
Communications Inc. and announced its intention to seek a listing
on NASDAQ, and in light of this and based on
information available the value has been increased to £265,294. Finally,
following the continued performance of Parmenion the value has
been increased to £490,996. the cumulative effect has been to
increase the NAV by 2.93p per
share.
TOP 20 HOLDINGS AS AT 30 NOVEMBER 2012
Name of company % of portfolio
1 IDOX 28.25
2 Parmenion 10.65
3 One Horizon Group 5.76
4 Alliance Pharmaceutical 5.72
5 CEPS 5.70
6 Belgravium Technologies 5.15
7 Anaxsys Technology 4.34
8 LPA Group 3.80
9 Security Research 3.47
10 Sanderson Group 3.06
11 Tristel 2.78
12 Lombard Risk Management 2.64
13 Northbridge Industrial Services 2.57
14 Petards Group 2.50
15 Titan Europe 2.46
16 Transflex Vehicle Rental 2.17
17 Metalrax 2.07
18 Closed Loop Recycling (loan stock) 1.82
19 Richoux Group 1.36
20 Datong 1.30
Balance held in 6 holdings 2.43
100.00