Water Hall Group Plc Additional Investments (1251E)
07 5월 2013 - 7:35PM
UK Regulatory
TIDMWTH
RNS Number : 1251E
Water Hall Group Plc
07 May 2013
For immediate release
7 May 2013
Water Hall Group plc
("Water Hall" or the "Company")
Additional investments
The Board of Water Hall announces that it has increased the
Company's equity exposure by increasing its holdings of liquid
investment-grade UK equities against a background of improving
market conditions.
The Board has considered a number of potential investment
opportunities since the beginning of the current year and believes
that these new investments provide the potential for capital
appreciation as well as paying dividends. The Company's primary
objective is that of securing the best possible value consistent
with achieving, over time, both capital growth and income for
Shareholders through developing profitability coupled with dividend
payments on a sustainable basis.
The Company has today completed the following investments, in
accordance with its generalist investing policy:
Investment FTSE Sector Cost (GBP)
--------------------- --------------------------- -----------
British American
Tobacco p.l.c. Tobacco 73,555
Household Good & Home
Bellway plc Construction 26,757
BP p.l.c. Oil & Gas Producers 71,590
Chemring Group
PLC Aerospace & Defence 28,296
Croda International
Plc Chemicals 50,979
Diageo plc Beverages 39,878
Iofina plc Oil & Gas Producers 51,451
ITV plc Media 62,690
Household Good & Home
Persimmon Plc Construction 25,032
Provident Financial
plc Financial Services 33,782
Reed Elsevier PLC Publishing 37,740
Rightmove plc Media 19,524
Vodafone Group
Plc Mobile Telecommunications 68,612
Total 589,886
-------------------------------------------------- -----------
As previously announced, on 11 May 2012 Water Hall completed the
sale of its wholly-owned subsidiary company Water Hall (England)
Limited including its wholly-owned subsidiary companies, the net
disposal proceeds of which amounted to approximately GBP1,107,000
(the "Disposal Proceeds"). As a result of today's new investments,
since 11 May 2012, Water Hall has now invested in aggregate
GBP976,403 representing approximately 88 per cent. of the Disposal
Proceeds in line with its investing policy.
In addition to the new investments, Water Hall has a 29.99 per
cent. interest in Petards Group plc ("Petards"), which as at the
last practicable date, was valued at approximately GBP537,889.
Petards is a UK-based AIM-traded company whose activities embrace
the provision of security and surveillance systems to the transport
sector, in particular railways, emergency services sector,
specifically the police and the UK Ministry of Defence. On 22
January 2013, Petards invited Raschid Abdullah to join the Board as
a director in the capacity of executive chairman.
Water Hall also continues to hold its interest in 800,000
ordinary shares in Lloyds Banking Group plc as part of its general
portfolio which as at the last practicable date were valued at
approximately GBP432,400. The Board has been pleased with the
recent positive performance of Lloyds Banking Group plc.
Accordingly, Water Hall's general portfolio and investment(s) in
associate(s) following completion of the new investments is set out
in the table below. All the investments are in UK listed ordinary
shares unless stated otherwise:
General Portfolio FTSE Sector Current % of General
Investments Market Portfolio
Value
(GBP)
--------------------- --------------------------- ---------- ---------------
British American
Tobacco p.l.c. Tobacco 73,555 7.2%
Household Good &
Bellway plc Home Construction 26,757 2.6%
BP p.l.c. Oil & Gas Producers 71,590 7.0%
Chemring Group
PLC Aerospace & Defence 28,296 2.8%
Croda International
Plc Chemicals 50,979 5.0%
Diageo plc Beverages 39,878 3.9%
Iofina plc (AIM) Oil & Gas Producers 51,451 5.0%
ITV plc Media 62,690 6.1%
Lloyds Banking
Group PLC Banks 432,400 42.3%
Household Good &
Persimmon Plc Home Construction 25,032 2.4%
Provident Financial
plc Financial Services 33,782 3.3%
Reed Elsevier
PLC Publishing 37,740 3.7%
Rightmove plc Media 19,524 1.9%
Vodafone Group
Plc Mobile Telecommunications 68,612 6.8%
Total General
Portfolio 1,022,286 100%
Investment(s) FTSE Sector Current % of Strategic
in Associate(s) Market Investments
Value
(GBP)
--------------------- --------------------------- ---------- ---------------
Petards Group
Plc (AIM) Support Services 537,889 100%
Total Investment(s)
in Associate(s) 537,889 100%
The Board continues to monitor further investment opportunities
and in addition to its portfolio of equity investments set out
above, has current cash balances of approximately GBP164,550 to
provide working capital for its on-going costs, professional
expenses and be available to fund any further investments by the
Company in line with its investing strategy which would depend on
investment (and realisation) opportunities and on-going costs.
Enquiries:
Water Hall Group Plc www.waterhallgroupplc.com
Raschid Abdullah Tel: +44 (0) 1483 452 333
Beaumont Cornish Limited Tel: +44 (0) 20 7628 3396
(Nominated Adviser and
Broker)
Roland Cornish / Michael
Cornish
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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