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Interim Results

Caledonia Investments NAV up

24 November 2016 09:34

Caledonia Investments reports a net asset value per share total return of 6.7% for the six months to the end of September. The interim dividend of 14.9p per share is up 4.2%.

Chief executive Will Wyatt said: "Our investment portfolio has delivered a 6.7% NAV total return in the six months, with positive contributions from all investment pools. This is a good performance during a period of significant economic and political uncertainty.

"Our strategy of maintaining a globally diversified investment portfolio has provided an effective hedge to market uncertainties. We have maintained a robust flow of income, which totalled £20.3m for the six months and has supported a 4.2% increase in our interim dividend.

"While we expect to see continued volatility in financial markets, we remain active in our search to find potential new investments, but remain wary of current price expectations. We believe our diversified and long term portfolio remains well positioned to attain the target returns that we aim to deliver for our shareholders despite the less than ideal backdrop."

At 9:34am: (LON:CLDN) Caledonia Investments Plc share price was -26p at 2499p

Story provided by StockMarketWire.com

Related Company: CLDN

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