NEW STARINVESTMENT TRUSTPLC
Unaudited interim management statement for the quarter ended 30 September 2013
This is the Company's interim management statement for the quarter ended 30
September 2013. The statement is being made solely to comply with the
requirements of the UK Listing Authority's disclosure and transparency rules
and should not be relied upon by third parties for any other purpose.
Investment objective
The Company's objective is to achieve long-term capital growth.
Performance Indicators
The Board has agreed that to measure the extent to which the Company is
achieving its investment objective, reference should be made to the returns of
the IMA Mixed Investment 40 - 85% Shares Index. The Board also considers the
MSCI AC World Total Return Index and the MSCI UK Total Return Index.
Financial summary
30 September 2013 30 June 2013
Net asset value per share (bid) (p) 104.67 103.23
Net assets (bid) (£'000) 74,340 73,320
Share price (p) 69.00 67.50
Financial performance
Quarter ended Financial year to
30 September date
% change % change
Ordinary share NAV 1.39 1.39
Share price 2.22 2.22
IMA Mixed Investment 40-85% Shares
Index 3.11 3.11
MSCI AC World Total Return Index
(sterling adjusted) 1.17 1.17
MSCI UK Total Return Index 4.95 4.95
Ten largest holdings
Value at % of net assets
30 September 2013
(£'000)
Henderson Euro Special Situations 7,516 10.11
Fundsmith Equity 4,628 6.23
Investec Africa 4,525 6.09
Artemis Special Situations 3,632 4.89
Blackrock Gold & General 3,303 4.44
Aberforth Geared Income 2,972 4.00
Trojan 2,945 3.96
Aquilus Inflection Fund 2,512 3.38
Gold Bullion Securities 2,190 2.95
Polar Global Technology 1,900 2.56
-------- --------
Total 36,123 48.59
Cash, as a percentage of net assets, at 30 September 2013 was 22% (30 June
2013: 21%).
Capital structure
The Company has a simple capital structure consisting of Ordinary shares. There
have been no changes to the Company's issued or authorised share capital, which
remains: 305,000,000 Ordinary shares of £0.01 authorised and 71,023,695
Ordinary shares of £0.01 issued.
Material events
There have been no material events or related party transactions between 1 July
2013 and the date of this statement's publication, other than as disclosed
above.
NAV at 31 October 2013
The Company's published net asset value per share at 31 October 2013 was
107.37p.
By order of the Board
Phoenix Administration Services Limited
Corporate Secretary
8 November 2013
END
For information purposes, the above unaudited interim management statement has
been uploaded onto the Company's website at: www.nsitplc.com.