Valuation as at 30.11.06
13 Febbraio 2007 - 8:02AM
UK Regulatory
RNS Number:1295R
Ottoman Fund Limited (The)
13 February 2007
For Immediate Release 13 February 2007
The Ottoman Fund Limited
Valuation as at 30 November 2006
The Board of The Ottoman Fund Limited (the "Fund") presents its quarterly
valuation for the period ended 30 November 2006. The Fund invests in the
development of local housing and holiday homes in the major cities and coastal
resorts of Turkey.
Basic net asset value #138,777,391; 92.52p per share.
Adjusted net asset value #140,810,893; 93.87p per share.
In order that shareholders may identify value created by the Fund from investing
in locations and markets with strong growth potential, independent valuations of
the property portfolio are obtained on a regular basis. As noted in the Fund's
last report and accounts an independent valuation of the land purchased at
Bodrum has been prepared showing an increase in value to $38.4m (#19.5m) against
the $34.4m (#17.5) cost.
Below is set out the revaluation of the Fund's assets that cannot be reflected
on the balance sheet under IFRS.
Net assets as at 30 November 2006 #138,777,391
Increase in valuation of inventory properties #2,033,502
Adjusted net asset value #140,811,893
Number of ordinary shares in issue 150,000,000
Adjusted net asset value per share as at 30 November 2006 93.87p
Audited net assets as at 31 August 2006: #139,037,098 (92.69p per share)
The Fund is due to prepare interim accounts as at 28 February which will include
an up to date valuation of the investments announced previously at Riva and Kazikli
as well as Bodrum. The Board will look to update the market when the valuations
are complete.
The Fund is managed by Development Capital Management (Jersey) Limited.
List of Contacts
Development Capital Management 020 7355 7600
Roger Hornett
Ertan Sevinc
Tom Pridmore
Buchanan Communications 020 7466 5000
Charles Ryland
Isabel Podda
Numis Securities 020 7776 1500
Iain McDonald
Bruce Garrow
This information is provided by RNS
The company news service from the London Stock Exchange
EN
PFUSFEFMESWSEIE
Grafico Azioni Ottoman Fund (LSE:OTM)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Ottoman Fund (LSE:OTM)
Storico
Da Lug 2023 a Lug 2024
Notizie in Tempo Reale relative a Ottoman (Borsa di Londra): 0 articoli recenti
Più Ottoman Fund (The ) Articoli Notizie