ZDP share 8,500,000 , ZDP shares are held in a subsidiary and have a redemption date of 8 January 2018

The Company’s investment manager is Chelverton Asset Management Limited.

Net Asset Value(s)

Released 17:39 03-Jun-2015



Small Companies Dividend Trust PLC

The Company announces:

Total Assets (including unaudited revenue reserves at 31/05/2015) of £44.68m

Net Assets (including unaudited revenue reserves at 31/05/2015) of £34.7m

The Net Asset Value (NAV) at 31/05/2015 was:

Number of shares in issue:

Per Ordinary share (bid price) - including unaudited 209.66p 16,550,000
current period revenue*

Per Ordinary share (bid price) - excluding current 204.43p
period revenue*

Ordinary share price 175.00p

Discount to NAV (16.53)%

Ordinary shares have an undated life

ZDP share 117.42p 8,500,000

ZDP share price 125.25p

Premium to NAV 6.67%

ZDP shares are held in a subsidiary and have a redemption date of 08/01/2018

*Current period revenue covers the period 01/05/2014 to 31/05/2015




Name of company % of portfolio

1 Acal Plc Ordinary 5p 2.71

2 Clarke (T.) Plc Ordinary 10p 2.66

3 Connect Group Plc Ordinary 5p 2.44

4 Dairy Crest Group Plc Ordinary 25p 2.35

5 Braemar Shipping Services Plc GBp 10 2.29

6 Avesco Group Plc Ordinary 10p 2.25

7 Alumasc Group (The) Plc Ordinary 2.23 12.5p

8 Kcom Group Plc Ordinary 10p 2.21

9 Wilmington Plc Ordinary 5p 2.12

10 GVC Holdings Plc Common EUR0.01 2.11

11 Marston's Plc Ordinary 7.375p 2.11

12 Epwin Group Plc Ordinary 10p 2.10

13 Intermediate Capital Group Plc 2.06
Ordinary 20p

14 Town Centre Securities Plc REIT 25p 2.04

15 Moss Bros Group Plc Ordinary 5p 1.96

16 DX Group Plc GBP0.01 1.84

17 Stadium Group Plc Ordinary 5p 1.80

18 Macfarlane Group Plc Ordinary 25p 1.73

19 Personal Group Holdings Plc Ordinary 1.65 5p

20 St.Ives Plc Ordinary 10p 1.65

Dividend Declaration

SMALL COMPANIES DIVIDEND TRUST PLC

The Company has declared a fourth interim dividend and Special Dividend in
respect of the year 1st May 2014 to 30th April 2015.

A fourth interim dividend of 2.40p per Ordinary share will be paid on 3rd July
2015 to the holders of Ordinary shares on the register at 26th June 2015, with
an ex-dividend date of 25th June 2015.

The Special Dividend of 0.30p shall be paid on 3rd July 2015 to holders of
Ordinary shares on the register at 26th June 2014, with an ex-dividend date of
25th June 2015.

luv it cheers skinny

Yes - high of the year+ yesterday and still trading at a NAV discount.

NAV _________

Net Asset Value(s)

The Company announces:

Total Assets (including unaudited revenue reserves at 07/08/2015) of £45.94m

Net Assets (including unaudited revenue reserves at 07/08/2015) of £35.85m

The Net Asset Value (NAV) at 07/08/2015 was:

Number of shares in issue:

Per Ordinary share (bid price) - 216.61p 16,550,000
including unaudited current period revenue*

Per Ordinary share (bid price) - 212.73p
excluding current period revenue*

Ordinary share price 180.50p

Discount to NAV (16.67)%

Ordinary shares have an undated life


ZDP share 118.70p 8,500,000

ZDP share price 125.13p

Premium to NAV 5.41%

ZDP shares are held in a subsidiary and have a redemption date of 08/01/2018


*Current period revenue covers the period 01/05/2014 to 07/08/2015


Name of company % of portfolio


1 Avesco Group Plc Ordinary 10p 3.34

2 Clarke (T.) Plc Ordinary 10p 2.53

3 Connect Group Plc Ordinary 5p 2.52

4 Jarvis Securities Plc Ordinary 1p 2.33

5 Alumasc Group (The) Plc Ordinary 2.29
12.5p

6 Kier Group PLC Ordinary 1p 2.23

7 Kcom Group Plc Ordinary 10p 2.13

8 Braemar Shipping Services Plc GBp 2.09
10

9 Dairy Crest Group Plc Ordinary 25p 2.01

10 Town Centre Securities Plc REIT 25p 2.01

11 Wilmington Plc Ordinary 5p 1.99

12 Acal Plc Ordinary 5p 1.94

13 Marston's Plc Ordinary 7.375p 1.91

14 GVC Holdings Plc Common EUR0.01 1.91

15 Games Workshop Group Plc Ordinary 1.85
5p

16 DX Group Plc GBP0.01 1.84

17 Macfarlane Group Plc Ordinary 25p 1.80

18 Stadium Group Plc Ordinary 5p 1.76

19 Brown (N) Group Ordinary 11.052p 1.74

20 Hansard Global Plc Ordinary 0.5p 1.73

Dividend Declaration

SMALL COMPANIES DIVIDEND TRUST PLC

INTERIM DIVIDEND

The Company has today declared a first interim dividend in respect of the year 1 May 2015 to 30 April 2016.

A first interim dividend of 1.70p per Ordinary share will be paid on 5 October 2015 to the holders of Ordinary shares on the register at 25 September 2015, with an ex-dividend date of 24 September 2015.

18 month high @193.50p.

NAV on the up again.

NAV _________

nice

Half-year Report

Released 07:00 15-Dec-2016


CHELVERTON SMALL COMPANIES DIVIDEND TRUST PLC
HALF-YEARLY REPORT
For the six months ended 31 October 2016

The full Annual Report and Accounts can be accessed via the Investment Manager's website at www.chelvertonam.com or by contacting the Company Secretary on telephone 01245 398984.

Investment Objective and Policy

The investment objective of Chelverton Small Companies Dividend Trust PLC (‘the Company’) is to provide Ordinary shareholders with a high income and opportunity for capital growth, having provided a capital return sufficient to repay the final capital entitlement of the Zero Dividend Preference shares issued by the subsidiary company, Chelverton Small Companies ZDP PLC (‘SCZ’).

Chelverton Small Companies Dividend Trust PLC, incorporated on 3 September 2003 with number 3749536, and its subsidiary Chelverton Small Companies ZDP PLC, incorporated on 13 July 2012 with number 8142169, together form the Group (‘the Group’). The Group’s funds are invested principally in smaller capitalised UK companies. The portfolio comprises companies listed on the Official List and companies admitted to trading on AIM. The Group does not invest in other investment trusts or in unquoted companies. No investment is made in preference shares, loan stock or notes, convertible securities or fixed interest securities.

Interim Management Report

Results

This half-yearly report covers the six months to 31 October 2016. The net asset value per Ordinary share at 31 October 2016 was 205.66p down from 211.95p at 30 April 2016, a decrease of 2.97% in the past six months compared to an increase of 6.13% in the MSCI UK Small Cap Index.

Since the beginning of the Company’s financial year, the Ordinary share price has increased from 190.5p to 191.5p at 31 October 2016, an increase of 0.5%, whilst the discount has decreased from 10.12% to 6.9% over the same period. Since then the share price has increased further to 203p as at 12 December 2016.

Dividend

A first interim dividend of 1.85p (2015: 170p) per Ordinary share was paid on 3 October 2016. The Board has declared a second interim dividend of 1.85p per Ordinary share (2015: 1.70p) payable on 3 January 2017 to shareholders on the register on 9 December 2016, making a total for the half year of 3.70p per Ordinary share (2015: 3.40p) an increase of 8.8%. At present it is anticipated that the Company will maintain this level of dividend for the third quarter and will maintain the same level for the fourth interim as was paid last year making a total normal dividend of 7.95p for the year.

Portfolio

In the last six months we have increased our investment in seventeen of our existing holdings, taking advantage of lower share prices, including Alumasc Group, Belvoir Lettings, Braemar Shipping Services, Brewin Dolphin Holdings, Brown (N) Group, Centaur Media, DX Group, Foxtons Group, Galliford Try, Gattaca, Go-Ahead Group, Huntsworth, Low and Bonar, Martin McColls Retail Group, Regional REIT, RTC Group and St Ives.

During the period we have added three new names to the portfolio, Conviviality – drinks distributor and retailer, Victrex – producer of high performance polymers and Watkin Jones – property development and construction.

Funds were raised from the sale of nine of our holdings, Premier Farnell, Charlemagne Capital, Dee Valley Group and Avesco Group were all taken over in the period and NWF Group, RWS Holdings, Fenner, Ashmore Group and Electrocomponents were sold in their entirety. The following holdings were reduced as they grew to become larger weightings on lower yields, Dairy Crest Group, GVC Holdings, Intermediate Capital Group, KCOM Group and Sanderson Group.

Outlook

Following a strong recovery in the second three months of the period following the “knee-jerk” downward reaction by markets to the outcome of the Referendum vote Small and Mid-Cap companies are now consolidating these gains.

As we expected last year there has been a significant increase in takeover activity in the period. It is pleasing to highlight four takeovers in the portfolio over the past six months which is a considerable increase over any six month period for the past seven years. It is likely that there will be more takeovers in the next period.

The European situation with respect to Brexit, the migrant crisis, the Italian situation, the ongoing problems in Greece and Portugal and the uncertainty from multiple national elections have cast a cloud over European economic performance. UK growth remains solid and it is hoped that growth in the Eurozone will gradually begin to move more positively in the near future.

The dividends of the underlying companies continue be increased in a healthy manner and we believe that this will continue into 2017 with company balance sheets currently in a strong state.

more.....

Net Asset Value(s)

Chelverton Small Companies Dividend Trust PLC
The Company announces:

Total Assets (including unaudited revenue reserves at 16/12/2016) of £46.68m
Net Assets (including unaudited revenue reserves at 16/12/2016) of £35.76m

The Net Asset Value (NAV) at 16/12/2016 was:

Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue* 216.04p 16,550,000
Per Ordinary share (bid price) - excluding current period revenue* 211.49p
Ordinary share price 208.00p
Discount to NAV (3.72)%
Ordinary shares have an undated life
ZDP share 128.50p 8,500,000
ZDP share price 134.50p
Premium to NAV 4.67%
ZDP shares are held in a subsidiary and have a redemption date of 08/01/2018
*Current period revenue covers the period 01/05/2016 to 16/12/2016


Name of company % of portfolio
1 Games Workshop Group Plc Ordinary 5p 2.92
2 Belvoir Lettings Plc Ordinary 2.63
3 Coral Products Plc Ordinary 1p 2.55
4 McColl's Retail Group Plc Ordinary 0.1p 2.42
5 Amino Technologies Plc GBp 1 2.31
6 Galliford Try Plc Ordinary 50p 2.29
7 Connect Group Plc Ordinary 5p 2.22
8 Kier Group PLC Ordinary 1p 2.17
9 Moss Bros Group Plc Ordinary 5p 2.13
10 Mucklow (A&J) Group Plc REIT 25p 2.08
11 Alumasc Group (The) Plc Ordinary 12.5p 2.07
12 Curtis Banks Group Plc GBp0.5 2.07
13 Brown (N) Group Ordinary 11.052p 1.96
14 Shoe Zone (Holdings) Limited Ordinary 1p 1.96
15 Marston's Plc Ordinary 7.375p 1.94
16 Numis Corporation Plc Ordinary 5p 1.88
17 Jarvis Securities Plc Ordinary 1p 1.86
18 GLI Finance Ltd 1.77
19 Photo-Me International Plc Ordinary 0.5p 1.76
20 Park Group Plc Ordinary 2p 1.76

STILL NICE

Net Asset Value(s)
Released 10:00 06-Feb-2017


Chelverton Small Companies Dividend Trust PLC
The Company announces:
Total Assets (including unaudited revenue reserves at 31/01/2017) of £48.48m
Net Assets (including unaudited revenue reserves at 31/01/2017) of £37.47m
The Net Asset Value (NAV) at 31/01/2017 was:
Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue* 226.43p 16,550,000
Per Ordinary share (bid price) - excluding current period revenue* 221p
Ordinary share price 208.75p
Discount to NAV (7.81)%
Ordinary shares have an undated life
ZDP share 129.44p 8,500,000
ZDP share price 134.50p
Premium to NAV 3.91%
ZDP shares are held in a subsidiary and have a redemption date of 08/01/2018

Name of company % of portfolio
1 Games Workshop Group Plc Ordinary 5p 3.50
2 Belvoir Lettings Plc Ordinary 2.75
3 Amino Technologies Plc GBp 1 2.29
4 Galliford Try Plc Ordinary 50p 2.29
5 McColl's Retail Group Plc Ordinary 0.1p 2.23
6 Alumasc Group (The) Plc Ordinary 12.5p 2.21
7 Curtis Banks Group Plc GBp0.5 2.20
8 Moss Bros Group Plc Ordinary 5p 2.10
9 Connect Group Plc Ordinary 5p 2.05
9 Kier Group PLC Ordinary 1p 2.05
11 Polar Capital Holdings Plc GBp 2.5 1.98
12 Marston's Plc Ordinary 7.375p 1.96
13 GLI Finance Ltd 1.95
14 Mucklow (A&J) Group Plc REIT 25p 1.95
15 Jarvis Securities Plc Ordinary 1p 1.93
15 Numis Corporation Plc Ordinary 5p 1.93
17 Shoe Zone (Holdings) Limited Ordinary 1p 1.91
18 Park Group Plc Ordinary 2p 1.89
19 Brown (N) Group Ordinary 11.052p 1.86
20 Gattaca Plc Common GBp1 1.85

CLOSE

still in

Net Asset Value(s)

Chelverton Small Companies Dividend Trust PLC
The Company announces:
Total Assets (including unaudited revenue reserves at 17/02/2017) of £49.12m
Net Assets (including unaudited revenue reserves at 17/02/2017) of £38.08m
The Net Asset Value (NAV) at 17/02/2017 was:
Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue* 230.11p 16,550,000
Per Ordinary share (bid price) - excluding current period revenue* 224.47p
Ordinary share price 222.50p
Discount to NAV (3.31)%
Ordinary shares have an undated life
ZDP share 129.79p 8,500,000
ZDP share price 134.00p
Premium to NAV 3.24%
ZDP shares are held in a subsidiary and have a redemption date of 08/01/2018
*Current period revenue covers the period 01/05/2016 to 17/02/2017


Name of company % of portfolio
1 Games Workshop Group Plc Ordinary 5p 3.53
2 Belvoir Lettings Plc Ordinary 2.53
3 Galliford Try Plc Ordinary 50p 2.37
4 Amino Technologies Plc GBp 1 2.35
5 McColl's Retail Group Plc Ordinary 0.1p 2.24
6 Curtis Banks Group Plc GBp0.5 2.23
7 Alumasc Group (The) Plc Ordinary 12.5p 2.17
8 Kier Group PLC Ordinary 1p 2.09
9 Moss Bros Group Plc Ordinary 5p 2.05
10 Connect Group Plc Ordinary 5p 2.04
11 Jarvis Securities Plc Ordinary 1p 2.04
12 Mucklow (A&J) Group Plc REIT 25p 1.98
13 Numis Corporation Plc Ordinary 5p 1.92
14 Marston's Plc Ordinary 7.375p 1.91
15 Shoe Zone (Holdings) Limited Ordinary 1p 1.91
16 Polar Capital Holdings Plc GBp 2.5 1.84
17 Brown (N) Group Ordinary 11.052p 1.82
17 Park Group Plc Ordinary 2p 1.82
19 Gattaca Plc Common GBp1 1.80
20 Photo-Me International Plc Ordinary 0.5p 1.79

A new high @235.50p

Net Asset Value(s)

The Company announces:
Total Assets (including unaudited revenue reserves at 05/05/2017) of £54.53m
Net Assets (including unaudited revenue reserves at 05/05/2017) of £42.24m

The Net Asset Value (NAV) at 05/05/2017 was:

Number of shares in issue: 16,800,000
Per Ordinary share (bid price) - including unauditedcurrent period revenue* 251.45p
Per Ordinary share (bid price) - excluding current period revenue* 244.71p
Ordinary share price 235.00p
Premium / (Discount) to NAV (6.54)%
Ordinary shares have an undated life
ZDP share 131.40p 9,349,000
ZDP share price 136.25p
Premium to NAV 3.69%
ZDP shares are held in a subsidiary and have a redemption date of 08/01/2018
*Current period revenue covers the period 01/05/2016 to 05/05/2017


Name of company % of portfolio
1 Curtis Banks Group Plc GBp0.5 2.37
2 StatPro Group Plc Ordinary 1p 2.31
3 Amino Technologies Plc GBp 1 2.29
4 Games Workshop Group Plc Ordinary 5p 2.25
5 Belvoir Lettings Plc Ordinary 2.20
6 McColl's Retail Group Plc Ordinary 0.1p 2.16
7 Acal Plc Ordinary 5p 2.12
8 Gattaca Plc Common GBp1 2.05
9 Alumasc Group (The) Plc Ordinary 12.5p 2.04
10 Braemar Shipping Services Plc GBp 10 2.01
11 Brown (N) Group Ordinary 11.052p 1.94
12 Connect Group Plc Ordinary 5p 1.91
13 Moss Bros Group Plc Ordinary 5p 1.90
14 Jarvis Securities Plc Ordinary 1p 1.87
15 Marston's Plc Ordinary 7.375p 1.85
16 Polar Capital Holdings Plc GBp 2.5 1.80
17 Galliford Try Plc Ordinary 50p 1.79
18 Numis Corporation Plc Ordinary 5p 1.78
19 Mucklow (A&J) Group Plc REIT 25p 1.76
20 Diversified Gas & Oil Plc Ordinary 1p 1.75

Another new high @256.50p

Net Asset Value(s) Released 14:37 01-Nov-2017


The Company announces:

Total Assets (including unaudited revenue reserves at 31/10/2017) of £60.08m

Net Assets (including unaudited revenue reserves at 31/10/2017) of £47.43m

The Net Asset Value (NAV) at 31/10/2017 was:

Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue* 266.84p 17,775,000
Per Ordinary share (bid price) - excluding current period revenue* 262.52p
Ordinary share price 266.50p

Premium / (Discount) to NAV (0.13)%
Ordinary shares have an undated life
ZDP share 135.30p 9,349,000
ZDP share price 137.00p
Premium to NAV 1.25%
ZDP shares are held in a subsidiary and have a redemption date of 08/01/2018

*Current period revenue covers the period 01/05/2016 to 31/10/2017

Name of company % of portfolio
1 Diversified Gas & Oil Plc Ordinary 1p 2.78
2 McColl's Retail Group Plc Ordinary 0.1p 2.39
3 Jarvis Securities Plc Ordinary 1p 2.35
4 StatPro Group Plc Ordinary 1p 2.29
5 Acal Plc Ordinary 5p 2.12
6 Belvoir Lettings Plc Ordinary 2.11
7 Alumasc Group (The) Plc Ordinary 12.5p 2.06
8 Gattaca Plc Common GBp1 2.04
9 Galliford Try Plc Ordinary 50p 2.04
10 Personal Group Holdings Plc Ordinary 5p 2.03
11 Connect Group Plc Ordinary 5p 1.84
12 Amino Technologies Plc GBp 1 1.83
13 Braemar Shipping Services Plc GBp 10 1.80
14 Numis Corporation Plc Ordinary 5p 1.79
15 Curtis Banks Group Plc GBp0.5 1.78
16 Marston's Plc Ordinary 7.375p 1.78
17 Ramsdens Holdings Plc Ordinary 1.78
18 Brown (N) Group Ordinary 11.052p 1.76
19 De La Rue Plc Ordinary 44.868p 1.75
20 Mucklow (A&J) Group Plc REIT 25p 1.64

more.....

Potential Capital Raise

As previously announced by the Board on 13 January 2017, the Directors have been considering the options for a refinancing of the Zero Dividend Preference shares, which are due for final repayment on 8 January 2018. In light of the Company’s strong and sustained track record as well as the availability of attractive investments, the Board believes that it is an appropriate point to seek to increase the size of the Company and raise additional capital. Accordingly, the Company is proposing an issue of C shares through a placing, intermediaries offer and offer for subscription of C Shares as well as an issue and placing of new ZDP Shares in connection with recommended proposals for the reconstruction and winding-up of Existing ZDP Co (collectively, the “Issue”).

The Company is seeking to raise up to £75 million new Ordinary shares, subject to market conditions and there being sufficient investor appetite for the C shares on agreeable terms. In addition, the Company will seek to issue c. £30 million of new ZDPs, on a term of 7.3 years with a gross redemption yield of 4.00 per cent. with an initial target cover ratio of circa 3.7x, subject to the level of rollover elections received. The existing investment objective and policy will remain unchanged and the Company intends to use the Net Proceeds of the Issue to add to existing holdings and to make new investments.

The Company will provide a further update in due course, as appropriate.