HgCapital Trust Plc, the private equity investment trust, has announced positive preliminary results for the year ended 31 December 2005.
Net asset value (NAV) per share rose by 28.2% in the year ended 31 December 2005 from 484.5p to 621.3p, while share price and NAV compound annual growth (on a total return basis) over ten year period is 12.9% and 10.4% per annum respectively. This compares with a growth of 5.6% in the FTSE All-Share Index for the same period.
Other financial highlights include:
On the operationals ide, HgCapital Trust has invested GBP 35 million in 6 new and 5 follow on investments, up from GBP 22 million in 2004. The company has also generated record proceeds from realisations of GBP 52 million, up from GBP 47 million in 2004.
Other operational highlights for the year include:
'HgCapital Trust has rewarded investors over the past ten years,' says Roger Mountford, Chairman of HGCapital Trust. 'The total return to shareholders was 30%, compared with a return of 22% by both the FTSE All-Share Index and the FTSE Small Cap Index. Going forward we believe it will continue to offer investors an efficient vehicle with attractive long-term prospects for growth.'