DUNEDIN ENTERPRISE INVESTMENT TRUSTORD GBP0.25
Symbol: DNE
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Invest in this share within an ISA, JISA, SIPP or Investment Account
Past Performance
- 16th Apr 2019 to 16th Apr 2020-20.25%
- 16th Apr 2020 to 16th Apr 202127.94%
- 16th Apr 2021 to 16th Apr 202258.90%
- 16th Apr 2022 to 16th Apr 202315.70%
- 16th Apr 2023 to 16th Apr 2024-5.45%
Key Information
| Benchmark | FTSE Small Cap ex Inv Co |
| Sector | IT Private Equity |
| Gearing | 100% |
| Ex-Dividend Date | 21 Dec 2023 |
| Dividend Pay Date | 19 Jan 2024 |
| Total Dividends - Year to Date | 34 |
| Dividend Yield (%) | 6.8687 |
Net Asset Value (Nav)
| Latest actual NAV | 624.80 |
| Latest actual NAV date | 31/12/2023 |
| NAV frequency | Quarterly |
| Premium/Discount | -20.77% |
Charges
|
Total Ongoing Charges
Please note that whilst we endeavour to show all charges associated with specific funds, sometimes this is not possible due to the information not being made available by the fund provider. In such cases transaction or incidental cost information may be missing. |
2.28% |
| Performance Fee | No |
| AMC | 1.30% |
|
Our Platform Charge
We charge a platform fee of 0.35% per annum on the value of all stocks & shares held across all accounts, minimum £24 and maximum £240 per annum, charged pro-rata monthly in arrears. A full list of our rates and charges can be found here . |
0.35% |
Cost and Charges Information
This calculator provides you with costs and charges information regarding our charges and, where relevant, the costs within this investment product
Account Type
Annual charges
These are the annual costs based on an initial investment amount of over 1 year assuming a net zero growth rate
| Cost Category | % of Investment | lump sum costs |
|---|---|---|
Our annual fee
Our annual feeIncludes our platform fee at 0.35% per annum for Funds (up to £250,000) and Stocks & Shares (min £24 max £240), plus SIPP administration fee (if applicable, only charged if <£30,000 held) - see here |
0.35% | |
Dealing charges
Dealing chargesAny one-off commission charges associated with investing. Note that government taxes and levies are not included |
N/A | |
Product provider costs
Product provider costsProduct provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs |
2.28% | |
Total (£)
Total (£)Costs per annum displayed in monetary value |
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Total (%)
Total (%)Costs per annum displayed as a percentage of investment value |
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Cumulative effect of charges on your investment's return
This illustration assumes that costs occur evenly throughout the year, charges are paid out of the investment evenly throughout the year, and that an annual growth rate of applies evenly throughout the year, before any charges including product charges
| lump sum invested with an assumed growth rate of | 1 year | years |
|---|---|---|
What you might get back at with no charges applied
What you might get back at with no charges appliedThese are the illustrative values of a investment after growth and no costs applied at the end of the defined period |
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Annual charges
Annual chargesThese are the annual costs based on an initial investment amount of assuming a net zero growth rate |
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Effect of charges on return (%)
Effect of charges on return (%)These are the overall costs in percentage terms, based on an initial investment amount of assuming a growth rate |
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Effect of charges on return (£)
Effect of charges on return (£)These are the overall costs in monetary value, based on an initial investment amount of assuming a growth rate |
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What you might get back at with charges applied
What you might get back at with charges appliedThese are the illustrative values of a investment after growth and costs at the end of the defined period |
This illustration is not a forecast of future investment performance but merely a means to demonstrate the potential impact of costs and charges for an assumed return of . Whilst we make reasonable endeavours to ensure the accuracy of third party charges information, this is intended for illustrative purposes only and should not be relied upon. We do not warrant or represent that this information is accurate, complete or up to date, therefore we accept no responsibility or liability for its use
Company
Business Summary
Dunedin Enterprise Investment Trust PLC is a United Kingdom-based closed-ended investment trust. The Company’s investment objective is to conduct an orderly realization of its assets, to be affected in a manner that seeks to achieve a balance between maximizing the value of the Company’s investments and progressively returning cash to shareholders. The Company’s investment policy is to invest primarily in private equity investments, either through private equity funds managed by its alternative investment fund manager or directly. It invests in various sectors, including consumer products and services, industrials, and support services. Its wholly owned subsidiary is Dunedin Funds of Fund LP. The Company's alternative investment fund manager is Dunedin LLP.
Financial Summary
BRIEF: For the fiscal year ended 31 December 2023, Dunedin Enterprise Investment Trust Plc revenues decreased 82% to £1.7M. Net income decreased 86% to £1.2M. Revenues reflect Realised gains on sales decrease from £14.4M to -£9M, Limited Partnership Income - UK decrease from £4.7M to £0K. Net income also reflects Irrecoverable VAT increase of 3% to £40K (expense), Legal fees increase of 9% to £12K (expense).
Performance
Cumulative Performance
| 1 month | 3 months | 6 months | 1 year | 3 years | 5 years |
| -1.98% | -2.08% | -6.54% | -5.45% | 73.83% | 77.37% |
Important Information
Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertently become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.
The charts and performance data shown are supplied by an external data provider and may contain data that appears to precede the introduction of the clean unit class for this fund. In such cases, historical data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.
Composition
Important Documents
The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.
1,760,500 bytes PDF Document; last updated 05 Apr 2024
1,137,588 bytes PDF Document; last updated 31 Dec 2023
3,227,425 bytes PDF Document; last updated 30 Jun 2023
Management Team
Shaun Middleton
has managed this fund for 13 years .
Shaun Middleton joined Dunedin in 1994. He is responsible for sourcing investment opportunities in the North of England and has a particular focus on Financial Services. He was involved in the buyouts of CitySprint, Hawksford International, Enrich, ABI, Goals Soccer Centres, Davenham, Zenith, Practice Plan and etc. venues and sits on the Board of Hawksford International.He graduated with a BCom Honours from the University of the Witwatersrand, Johannesburg. He qualified as a chartered accountant with Coopers & Lybrand, Deloitte in Edinburgh in 1992. Shaun is a former Scottish international hockey player.
Manager Cumulative Performance v Peer Group
Financials
Income Statement - All values are in GBP (M).
|
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
|---|---|---|---|---|---|---|
| Total Revenue | 1.68 | 9.47 | 28.21 | -5.23 | 12.68 | 7.05 |
| Gross profit | 1.53 | 9.23 | 27.95 | -5.50 | 12.43 | 6.47 |
| Operating Profit/Loss | 1.25 | 8.93 | 27.64 | -5.82 | 12.09 | 6.03 |
| Profit Before Tax | 1.25 | 8.93 | 27.64 | -5.82 | 12.09 | 6.03 |
| Profit After Tax | 1.25 | 8.93 | 27.98 | -5.82 | 12.09 | 6.03 |
| Equity Holders of Parent Company | 1.25 | 8.93 | 27.98 | -5.82 | 12.09 | 6.03 |
| Minority Interest | NIL | NIL | NIL | NIL | NIL | NIL |
Balance Sheet - All values are in GBP (M).
|
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
|---|---|---|---|---|---|---|
| Total Non-Current Assets | 24.69 | 28.49 | 60.59 | 75.99 | 89.11 | 77.43 |
| Total Current Assets | 9.78 | 6.15 | 12.91 | 1.21 | 4.81 | 9.38 |
| Total Assets | 34.46 | 34.64 | 73.50 | 77.19 | 93.91 | 86.81 |
| Total Liabilities | 0.07 | 0.12 | 0.09 | 2.27 | 2.17 | 1.57 |
| Total Net Assets | 34.39 | 34.52 | 73.41 | 74.92 | 91.75 | 85.24 |
| Shareholders Funds | 34.39 | 34.52 | 73.41 | 74.92 | 91.75 | 85.24 |
| Minority Interests | NIL | NIL | NIL | NIL | NIL | NIL |
| Total Equity | 34.39 | 34.52 | 73.41 | 74.92 | 91.75 | 85.24 |