Financial highlights
|
31 Mar 2016 |
31 Mar 2015 |
Change |
|
|
Net asset value per share total return |
2.6% |
14.2% |
|
|
Net asset value per share |
2890p |
2906p |
-0.6% |
|
Net asset value |
£1,644m |
£1,627m |
1.1% |
|
Annual dividend per share |
52.6p |
50.6p |
4.0% |
Highlights
|
- |
NAV total return 2.6% for the year ended 31 March 2016 |
|
- |
Annual dividend up 4.0% to 52.6p per share, the forty-ninth consecutive annual increase |
|
- |
Continued outperformance against the FTSE All-Share over ten years |
|
- |
Volatility in the global equity markets was more than offset by the strong performance from the Unquoted and Funds pools |
|
- |
Two sizeable acquisitions in the year - Seven Investment Management for £74m and Gala Bingo for £92m, both trading in line with expectations |
|
- |
Completed sale of TGE Marine generating proceeds of £79m (3.5x multiple of money invested) |
|
- |
Year end net cash of £23m and unutilised facilities of £175m |
Will Wyatt, Chief Executive, commented:
"Caledonia has reported another year of positive performance, demonstrating the continued effectiveness of our longer term investment strategy. We achieved an NAV total return of 2.6% in a year when markets fell and increased the annual dividend by 4%, the 49th consecutive year of dividend growth.
"Our investment strategy focuses on high quality businesses and funds providing shareholders with a balanced exposure to asset classes and markets. This has been key in our ability to maintain our outperformance of the FTSE All-Share over the long term. Markets remain volatile, however, we are confident that our investment strategy will continue to deliver its return objectives over the long term, including a sustainable growing annual dividend."
