RNS Number : 0410Q
Africa Opportunity Fund Limited
06 September 2017
06 September 2017
Africa Opportunity Fund Limited ("AOF")
Net Asset Value and Portfolio Allocation Update
Net Asset Value
Africa Opportunity Fund Limited (SFS: AOF) announces that as at close of business on 31 August 2017, its unaudited net asset value per Ordinary share was US$0.955.
Portfolio allocation update
Following the C share conversion as announced on 21 August 2017, the Company provides the following update in relation to its portfolio allocation as at 31 August 2017.
Portfolio allocation as at 31 August 2017
Total NAV: $71,454,408
Total Shares Outstanding: 74,849,606
NAV/Share: 0.955
Geographic and Sectoral Allocation
Africa Opportunity Fund |
|
Geographic Exposure |
|
|
|
Sector |
% of Sec holdings |
Zambia |
8.5% |
Ghana |
37.4% |
Senegal |
15.4% |
Other |
3.9% |
Nigeria |
5.0% |
Cote D'Ivoire |
2.9% |
Morocco |
1.0% |
Zimbabwe |
9.2% |
Egypt |
2.8% |
Kenya |
3.2% |
Botswana |
2.8% |
Tanzania |
2.1% |
South Africa |
3.0% |
Uganda |
2.8% |
Total |
100.0% |
Africa Opportunity Fund |
|
Sectoral Exposure |
|
|
|
Sector |
% of Sec holdings |
Telecommunications |
12.4% |
Financial Services |
35.0% |
Consumer Finance |
3.5% |
Utilities |
12.2% |
Oil Exploration & Production |
5.3% |
Consumer Products & Services |
-0.9% |
Plantations |
5.5% |
Mining Industry |
11.0% |
Real Estate |
7.3% |
Materials |
1.3% |
Beverages |
2.1% |
Other |
5.3% |
Total |
100.0% |
Geographic and sectoral allocation takes the sum of positions in a particular category as a percentage of total security holdings.
Top 10 Consolidated Positions
Top Ten Holdings - AOF |
Description |
% of NAV on 31 Aug 2017 |
% of NAV on 30 June 2017 |
Enterprise Group |
Ghanaian property & casualty insurance and life assurance company |
24.2% |
13.6% |
Sonatel |
Dominant Senegalese and regional integrated telecommunication operator |
10.1% |
11.7% |
Copperbelt Energy Corp |
Leading electricity distributor in the Zambian Copperbelt |
7.5% |
8.8% |
Tizirr 9.0% 28 Sep 2017 |
1st priority bond backed by Grande Cote mineral sands project in Senegal |
4.2% |
4.7% |
Anglogold Ashanti |
Gold mining company operating in 11 countries |
4.2% |
4.1% |
Standard Chartered Bank |
Leading commercial bank in Ghana |
4.0% |
3.4% |
Mashonaland Holdings |
Zimbabwean real estate company |
3.6% |
3.9% |
Continental Reinsurance |
Leading Pan-African reinsurer based in Nigeria |
3.5% |
3.3% |
Pearl Properties |
Zimbabwean real estate company |
3.2% |
3.2% |
Kenya Power & Lighting Ltd |
Leading electricity distributor in Kenya |
3.0% |
2.5% |
Total |
|
67.5% |
59.2% |
For further information please contact:
Africa Opportunity Fund Limited
Francis Daniels Tel: +2711 684 1528
Liberum (Corporate Broker)
Andrew Davis
Henry Freeman/Rob Johnson Tel: +44 20 3100 2000
For more information about AOF, see www.africaopportunityfund.com
Prior to its release, this announcement contained inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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