NAOS SMALL CAP OPPORTUNITIES COMPANY LTD 3rd March 2015
Net Tangible Assets | Previous Month End | Current Month End |
Net Tangible Assets | 31 Jan 2015 | 28 Feb 2015 |
NTA of investments before any tax effect | $1.129 | $1.188 |
Tax associated with realised positions | -0.022 | -0.025 |
NTA before tax on unrealised gains * | $1.107 | $1.163 |
Tax associated with unrealised positions | -0.031 | -0.056 |
NTA after tax on unrealised gains ** | $1.076 | $1.107 |
Month-end closing share price (CTN.ASX) | $1.060 | $1.050 |
Month-end closing convertible note price (CTNG.ASX) | $100.10 | $102.00 |
* Unaudited, before provision for tax on unrealised gains. ** Unaudited, after provision for tax on unrealised gains.
Asset Composition | Previous Month End | Current Month End | ||
Asset Composition | 31 Jan 2015 | 28 Feb 2015 | ||
Investment Type | $m | % | $m | % |
Resources | 12.93 | 7.2 | 13.56 | 7.1 |
Industrials (incl. CTN's investment manager) | 159.88 | 89.1 | 171.24 | 90.3 |
Equity index futures | 0.00 | 0.0 | 0.59 | 0.3 |
Total equity market exposure | 172.81 | 96.3 | 185.39 | 97.6 |
Net portfolio liquidity | 6.62 | 3.7 | 4.60 | 2.4 |
Total Investment Portfolio | $179.43 | 100% | $189.99 | 100% |
Ordinary Shares on Issue | 158.881m | 159.966m | ||
Convertible Notes on Issue | 265,000 | 265,000 |
20 largest listed stock holdings and their weights within the CTN Investment Portfolio | |||||
Code Stock Weight Code Stock Weight | |||||
MYX | Mayne Pharma Group | 3.7% | IFM | Infomedia Limited | 2.4% |
SGH | Slater & Gordon | 3.5% | IPP | Iproperty Group | 2.3% |
VLW | Villa World | 3.3% | ENN | Elanor Investors Group | 2.3% |
GBT | GBST Holdings | 2.9% | AMM | Amcom Telecommu's | 2.0% |
AFJ | Affinity Education Group | 2.9% | TGP | 360 Capital Group | 2.0% |
ALU | Altium Limited | 2.9% | NHF | NIB Holdings | 2.0% |
ASB | Austal Limited | 2.7% | PMP | PMP Limited | 2.0% |
AHE | Automotive Holdings | 2.6% | PRT | Prime Media Group | 1.9% |
SGF | SG Fleet Group | 2.6% | VRL | Village Roadshow | 1.8% |
EPW | ERM Power | 2.5% | GMF | GPT Metro Office Fund | 1.8% |
The CTN Investment Portfolio held 66 securities at 28 February 2015. In addition to this CTN owns 100% of fund manager
Contango Asset Management Limited representing 5.5% of CTN's Net Tangible Assets.
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FY15 INTERIM DIVIDEND WAS DECLARED AND PAID IN FEBRUARY1
On the 10th of February CTN declaredits FY15 Interim Dividend. Key details were:
Shares traded ex-dividend on Friday 13th February 2015 ("Ex-date").
Those shareholders recorded in the register at the close of business on Tuesday 17th February 2015 were
entitled to receive the dividend ("Record Date").
The dividend was 50% franked.
Unfranked Dividend 2.0
Franked Dividend 2.0
Total amount per share 4.0 cents per share
The Company's Dividend Reinvestment Plan continued to operate for this dividend
and the price at which shares were issued under the DRP was $1.03.
The payment of dividend and issue of shares under the Dividend Reinvestment Plan occurred on Friday 27th February 2015. ("Payment Date").
This dividend contained no Foreign Conduit Income.
Shareholders are advised all payments of dividends are electronic only.
Since declaring its first dividend in December 2004, CTN has declared a total of 83.6 cents per share (cps) in dividends to shareholders amounting to a total payout of over $95.9m.
CTN OFFERS A FIRM DIVIDEND POLICY2In the NTA statement released to the ASX on the 1st of July 2014, CTN announced an after-tax NTA value of $1.138. In line with the company dividend policyto pay a minimum of 6% p.a of the July 1 NTA value each year, CTN is able to provide investors with guidance of the proposed FY15 Final dividend. This table is not a formal declaration of the FY15 Final dividend. Shareholders and investors should only rely on the Official Declaration of Dividend for confirmation as to dividend amount and relevant dates including what level of franking may be attached to any dividends declared.
Declared and Guidance future dividends as at 03 March 2015 AmountFY15 Final October 2015: Minimum of 3.7 cents p/s
FY15 HALF YEAR RESULTS AND COMMENTARY3CTN's financial results for the half-year ended 31 December 2014 results were released to the ASX on the 10th February. Shareholders and investors are encouraged to read this if they have not done so already.
Glenn Fowles - Director - CONTANGO MICROCAP LIMITED
Hyperlink Reference http://www.contango.com.au/data/docs/asx_announcements/FY15_Interim_Dividend.pdfhttp://www.contango.com.au/data/docs/asx_announcements/dividend_policy_160410.pdfhttp://www.contango.com.au/data/docs/asx_announcements/FY15_Results_commentary.pdfPage 2
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