# Caledonia Investments plc Delivered positive performance across all four pools

- Link: https://www.directorstalkinterviews.com/caledonia-investments-plc-delivered-positive-performance-across-all-four-pools/412783768
- Published: 2019-05-29T07:19:19+01:00
- Author: Charlotte Edwards

**Caledonia Investments plc** (LON:CLDN), today announced final results for the 
year ended 31 March 2019.

**Financial highlights**

|   | 31 Mar 2019  | 31 Mar 2018  | Change  | 
| Net asset value total return | +10.9%  | +1.4%  |   | 
| Net asset value | 3582p  | 3285p  | +9.0%  | 
| Net assets | £2,002m  | £1,837m  | +9.0%  | 
| Annual dividend per share | 59.3p  | 57.0p  | +4.0%  |

**Highlights**

• +10.9% NAV total return for the year (+8.1% excluding currency gains)

◦ Strong returns from the Quoted, Unquoted and Funds pools and a small positive 
return from the Income pool; returns enhanced by the strengthening US dollar

• Continued growth in dividends to shareholders

◦ 4% increase in annual dividend per share to 59.3p

◦ 52nd consecutive year of increasing dividends

• Strong NAV growth over the year of +9.0%

• £491m realised from the portfolio including £92m from sale of Choice Care Group

• £560m investment in new and follow-on opportunities including £117m in Deep Sea
Electronics equity and £50m in debt (subsequently repaid) and £93m in Cooke Optics

• Significant capacity to capitalise on market opportunities

◦ £112m of cash available

◦ Unutilised facilities of £250m at year end

> **Will Wyatt, Chief Executive, commented:**
> “Caledonia’s investment portfolio delivered positive performance across all four
> pools, underpinning the +10.9% increase in NAV total return for the year. The 
> Quoted pool in particular performed strongly, demonstrating the strength of Caledonia’s
> conservative, long term approach.
> “We are proposing a 4% increase in the annual dividend, marking the 52nd year 
> of successive increases, a record of which we continue to be proud.
> “Whilst we foresee a continuation of geopolitical tensions affecting markets in
> the coming year, we remain confident that our portfolio construction and underlying
> investments leave us well positioned to deliver our long term return targets and
> dividend growth.”

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