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Octopus Apollo VCT2 plc : Interim Management Statement

Date : 10/20/2011 @ 10:32AM
Source : UK Regulatory (RNS & others)
Stock : Octopus App.2 (OAP2)
Quote : 82.5  0.0 (0.00%) @ 12:00AM
Octopus App.2 share price Chart

Octopus Apollo VCT2 plc : Interim Management Statement


 
TIDMOAP2 
 
Octopus Apollo VCT 2 PLC 
Interim Management Statement 
 
20 October 2011 
 
In accordance with Rule 4.3 of the UK Listing Authority's Disclosure and 
Transparency rules, Octopus Apollo VCT 2 plc ("Apollo 2" or "Fund") presents an 
Interim Management Statement for the period 1 August 2011 to 30 September 
2011.  The statement also includes relevant financial information between the 
end of the period and the date of this statement. 
 
Financial Summary 
 
+---------------------------+--------------------------+-----------------------+ 
|                           |  8 months to 30 September|    6 months to 31 July| 
|                           |                      2011|                   2011| 
+---------------------------+--------------------------+-----------------------+ 
|                           |                          |                       | 
+---------------------------+--------------------------+-----------------------+ 
|Net assets ( GBP'000s)        |                     8,089|                  8,083| 
+---------------------------+--------------------------+-----------------------+ 
|Net profit after tax       |                          |                       | 
|( GBP'000s)                   |                       198|                    192| 
+---------------------------+--------------------------+-----------------------+ 
|Net asset value per share  |                          |                       | 
|("NAV")                    |                    93.06p|                 93.00p| 
+---------------------------+--------------------------+-----------------------+ 
|Cumulative dividends paid  |                          |                       | 
|since launch               |                     8.75p|                  8.75p| 
+---------------------------+--------------------------+-----------------------+ 
|NAV plus cumulative        |                          |                       | 
|dividends paid             |                   101.81p|                101.75p| 
+---------------------------+--------------------------+-----------------------+ 
 
Investment performance 
At  30 September 2011 the  NAV plus  cumulative dividends  paid of  the Fund was 
101.81p, which  compares to 101.75p at  31 July 2011. The Fund  has continued to 
perform  well as  a result  of the  consistent income  stream over and above the 
running  costs of the Fund,  and in absence of  any changes in the valuations of 
the companies in its portfolio. 
 
During the period under review, a follow-on investment of  GBP25,679 was made in 
Carebase (Col) Limited, a construction company. This forms a part of the overall 
 GBP153,908 investment made in this company. 
 
Top Ten Investment Portfolio by Value as at 30 September 2011 
+------------------------+------------------+------------------+---------------+ 
|                        |                  |    Carrying value|               | 
|Company                 |  Investment class|              GBP'000|% of Net Assets| 
+------------------------+------------------+------------------+---------------+ 
|Salus Services 1        |                  |                  |               | 
|Holdings Limited        |        Care homes|             1,365|          16.9%| 
+------------------------+------------------+------------------+---------------+ 
|Autologic Diagnostics   |                  |                  |               | 
|Holdings Limited        |        Automotive|             1,137|          14.1%| 
+------------------------+------------------+------------------+---------------+ 
|Clifford Thames Group   |                  |                  |               | 
|Limited                 |        Automotive|             1,116|          13.8%| 
+------------------------+------------------+------------------+---------------+ 
|CSL DualCom Limited     |  Security devices|             1,017|          12.6%| 
+------------------------+------------------+------------------+---------------+ 
|Project Tristar Limited |Chauffeur services|               526|           6.5%| 
+------------------------+------------------+------------------+---------------+ 
|Bruce Dunlop &          |                  |                  |               | 
|Associates International|                  |                  |               | 
|Limited                 |             Media|               485|           6.0%| 
+------------------------+------------------+------------------+---------------+ 
|Bluebell Telecom Limited| Telecommunication|               250|           3.1%| 
+------------------------+------------------+------------------+---------------+ 
|Hydrobolt Limited       |     Manufacturing|               229|           2.8%| 
+------------------------+------------------+------------------+---------------+ 
|Ticketing Services 1    |                  |                  |               | 
|Limited                 |         Ticketing|               200|           2.5%| 
+------------------------+------------------+------------------+---------------+ 
|Ticketing Services 2    |                  |                  |               | 
|Limited                 |         Ticketing|               200|           2.5%| 
+------------------------+------------------+------------------+---------------+ 
|Carebase (Col) Limited  |      Construction|               154|           1.9%| 
+------------------------+------------------+------------------+---------------+ 
|Kala Power Limited      |             Solar|               142|           1.8%| 
+------------------------+------------------+------------------+---------------+ 
 
 
 
Dividends 
For the period ended 31 July 2011, the Board declared a dividend of 1.50p per 
share.  This dividend will be paid on 18 November 2011 to those shareholders who 
were on the register on 21 October 2011. 
 
Material events and transactions 
The Fund's Board is not aware of any other significant event or transaction 
which has occurred between the 1 August 2011 and the date of publication of this 
statement which would have a material impact on the financial position on the 
Fund. 
 
For further information please contact: 
Stuart Nicol - Fund Manager 
Octopus Investments Limited - 0800 316 2347 
 
ENDS 
 
 
 
 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: Octopus Apollo VCT2 plc via Thomson Reuters ONE 
 
[HUG#1556647] 
 

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