The titanic volume of statistics corporations collect from various sources goes past what common relational databases can deal with. This leads to the statistics warehouse vs. records lake question -- when to make use of which one and the way each and every compares to statistics marts, operational records stores and relational databases.
All of those statistics repositories have a similar core characteristic: housing data for enterprise reporting and analysis. however their aim, the kinds of information they save, the place it comes from and who has entry to it differs.
In widespread, data comes into these repositories from techniques that generate facts -- CRM, ERP, HR, fiscal applications and different sources. The facts facts created from these systems are utilized in opposition t business rules and then despatched to an information warehouse, information lake or different statistics storage enviornment.
as soon as the entire information from the disparate company purposes is collated onto one statistics platform, it can be used in enterprise analytics equipment to establish developments or bring insights to help make enterprise selections.statistics warehouse vs. records lake
agencies usually decide on a knowledge warehouse vs. a knowledge lake when they have got a enormous volume of information from operational systems that must be conveniently obtainable for evaluation. information warehouses frequently serve because the single supply of fact as a result of these structures keep ancient facts that has been cleansed and categorised.
while data warehouses maintain huge amounts of facts from operational systems, a data lake stores statistics from more sources. it's essentially a set of a variety of raw information property that come from a firm's operational techniques and different sources.
because the information within information lakes may be uncurated and may originate from sources outdoor of the enterprise's operational programs, it is rarely a great fit for the normal enterprise analytics person; quite, statistics lakes are the playground of statistics scientists and other records evaluation experts.
To be aware how a knowledge warehouse vs. records lake fluctuate, graphic precise warehouses and lakes: warehouses save curated items from specific sources, where a lake is fed from rivers, streams and other sources, and the content material is uncooked.
statistics warehouse companies encompass AWS, Cloudera, IBM, Google, Microsoft, Oracle, Teradata, SAP, SnapLogic and Snowflake, to name one of the most many alternatives. statistics lakes can be found from AWS, Google, Informatica, Microsoft, Teradata and other statistics management providers.See how ordinary relational databases examine to records warehouses and other normal statistics storage and processing structures. information warehouse vs. records mart
statistics marts are sometimes at a loss for words with records warehouses, but the two serve markedly distinct functions.
an information mart is customarily a subset of a knowledge warehouse; the facts within it commonly comes from a data warehouse -- although it can come from an additional supply. The statistics sent to a knowledge mart is totally curated for a selected neighborhood of clients -- reminiscent of a sales team -- to allow them to discover the data they want right away. The facts is held there for specific uses, similar to monetary analytics.
data marts are additionally tons smaller than records warehouses -- they hold tens of gigabytes vs. the a whole lot of gigabytes to petabytes of data that can also be held in a knowledge warehouse.
facts marts may also be constructed from an existing records warehouse or different statistics source equipment by using designing and developing the database table, populating it with relevant information and figuring out who can entry it.data warehouses vs. ODS
An operational statistics save (ODS) is a sort of database that serves as the period in-between retaining enviornment for all of the data it really is about to enter the warehouse. believe of it because the warehouse loading dock, where goods are delivered, examined and proven. while in the ODS, facts may also be scrubbed, checked for redundancy and checked for compliance with company guidelines earlier than coming into the warehouse.
Queries can be made against records within the ODS, but the records there is transient, so it only supplies guidance for queries about, say, the repute of a customer order it truly is in growth.
An ODS is usually run on a relational database administration gadget or on the Hadoop platform. statistics is supplied to the ODS the use of statistics integration and data ingestion tools, akin to Attunity Replicate or Hortonworks DataFlow.Relational databases vs. information warehouses and facts lakes
The leading change between a data warehouse vs. statistics lake vs. relational database equipment is that a relational database is used to save and prepare structured statistics from a single supply, similar to a transactional equipment, while statistics warehouses are constructed to hold structured data from distinct sources. facts lakes differ from each in that they keep unstructured, semi-structured and structured facts.
Relational databases are especially elementary to create and might be used to store and arrange transaction information. The downside of relational databases is that they don't support unstructured records or the immense quantity of information being generated these days. That brings us to the facts warehouse vs. data lake determination. nevertheless, many companies continue to depend on relational databases today for initiatives corresponding to operational records evaluation or trend evaluation.
Relational databases purchasable on premises or within the cloud consist of Microsoft SQL Server, Oracle Database, MySQL and IBM DB2, as well as Amazon Relational Database provider, Google Cloud Spanner and others.
IBM these days announced the built-in Analytics gadget, a brand new unified records gadget designed to give clients quickly, convenient access to superior records science capabilities and the potential to work with their statistics across private, public or hybrid cloud environments.
The gadget, which comes with numerous statistics science tools built-in, allows information scientists to rise up and running directly to boost and set up their superior analytics fashions in-location, at once where the records resides for stronger performance. and since it is according to the IBM regular SQL engine, purchasers can use the equipment to without difficulty flow workloads to the public cloud to begin automating their corporations with machine gaining knowledge of. in reality, because the generic database engine is used across both hosted and cloud-primarily based databases, clients can move and question information across varied facts retailers, such because the Db2 Warehouse on Cloud, or Hortonworks data Platform.
on the coronary heart of the integrated Analytics equipment are the IBM statistics Science adventure, Apache Spark and the Db2 Warehouse, all of which had been optimized to work in conjunction with straight ahead administration. The facts Science experience provides a collection of critical records science equipment and a collaborative work house wherein information scientists can create new analytic models that builders can use to build clever functions right away and easily. The inclusion of Apache Spark, the accepted open supply framework, allows for in-memory facts processing, which speeds analytic purposes via enabling analytics to be processed directly where the records resides.
New to this type of offering are the computing device studying capabilities that include both the statistics Science experience and Spark embedded on the system. Having machine studying processing embedded means that statistics does not should be moved to the analytics processing, cutting back the linked procedures and wait instances for analytics to run and reply. This simplifies the manner of coaching and evaluating predictive fashions, as well because the trying out, deployment and working towards because it is all done in-area.
"The mixture of excessive performance and superior analytics – from the facts Science event to the open Spark platform – gives our business analysts the capability to conduct excessive records investigations simply and speed," observed Vitaly Tsivin, govt vice president, at AMC Networks, who has been testing the equipment for several months. "The integrated Analytics device is positioned as an essential element of an business facts structure solution, connecting IBM Netezza statistics Warehouse and IBM PureData device for Analytics, cloud-based Db2 Warehouse on Cloud clusters, and different facts sources."
"present day announcement is a continuation of our aggressive strategy to make information science and computer getting to know extra available than ever before and to support corporations like AMC, begin harvesting their big records volumes – throughout infrastructures – for insight and intelligence," spoke of Rob Thomas, everyday manager, IBM Analytics.
Seamless expansion to the Cloud
The built-in structure of the brand new device combines application enhancements equivalent to asymmetric massively parallel processing (AMPP) with IBM vigour technology and flash memory storage hardware and builds on the IBM PureData device for Analytics, and the previous IBM Netezza facts warehouse offerings. It additionally helps a big range of statistics kinds and information functions, together with everything from the Watson facts Platform and IBM Db2 Warehouse On Cloud, to Hadoop and IBM BigSQL. Like these options, the built-in Analytics system is built with the IBM average SQL engine, enabling clients to seamlessly integrate the unit with cloud-based warehouse options.
moreover, industry regular tools and the commonplace SQL engine provide users with an option to also movement these workloads seamlessly to public or inner most cloud environments with Spark clusters, according to the user's necessities.
Like IBM's present statistics warehouse products, the integrated Analytics device is designed to give constructed-in records virtualization and compatibility with Netezza, Db2, and IBM PureData equipment for Analytics.
among these capabilities, the brand new device additionally incorporates hybrid transactional analytical processing (HTAP). In contrast to usual company environments where transaction processing and analytics are run on distinctive architectures, HTAP runs predictive analytics, transactional and old data on the identical database at accelerated response instances. Later this year, the company plans to add help for HTAP with IBM Db2 Analytics Accelerator for z/OS, in order to enable the system to transparently integrate with IBM z techniques infrastructures.
discover extra: industry consultants discuss benefits and hazards of transferring statistics analytics to the cloud
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Bismarck-Henning eight, Schlarman four
WP — Noah Jordan. LP — Quin Gard. Two or greater hits — BH: Hunter Keith 3, Jordan SA: Austin Camareno, Johnny Carnahan. 2B — BH: Wyatt Edwards, Keith, Jordan SA: Carnahan 3B — SA: Carnahan. RBIs — BH: Keith 2, Jordan 2, Wade Edwards, Chase Rademacher, Luke Brinegar SA: Carnahan 2.
Georgetown-Ridge Farm/Chrisman 3, Westville 0
WP — Conor Steinbaugh (5-0); LP — Trey Bryant (1-2). keep — Kyle Webster (2). Two or more hits — GRFC: Steinbaugh 2, Dylan Howard 2, Garrett Latoz 2. RBIs — GRFC: Webster, Latoz.
information — Westville 12-9 normal, 6-3 in the Vermilion Valley convention; Georgetown-Ridge Farm/Chrisman 13-three general, 7-0 within the VVC.
Oakwood four, Hoopeston area 3
WP — Hunter Phelps. LP — Bailey Crose. Two or greater hits — HA: Ryan Drayer O: Hunter Phelps. 2B — HA: Lucas Hofer O: Lukas Hoshauer. HR — O: Phelps. RBIs — HA: Hofer, Drayer, Max Conn O: Phelps 3, Elijah Harden.
Salt Fork 7, Milford three
WP — Wyatt Boyer. LP — Kyle McNally. Two or extra hits — SF: Justin Arnett, Dakotah Broeker, Caleb Fauver. 2B — M: Alex Barney SF: Broeker. RBIs — M: Barney, Tyler Schmidt SF: Arnett 2, Payton Taylor, Gage Romack, Matthew Wrozsek, Gavin bite.
Armstrong-Potomac eleven, Cissna Park 10
WP — Jason Sollars. LP — Boyle. Two or extra hits — CP: Benoit three AP: Shawn Reardon, Cameron Colunga. 2B — AP: Nick Cannon, Colunga, Braden Franzen. 3B — CP: Benoit. RBIs — CP: Benoit 2, Anderson 2, Boyle, Nowaczyk. AP: Tyler Cain 3, Franzen 2, Brynden Deck, Austin keen, Cannon, Reardon.
facts — Armstrong-Potomac 2-11.
Danville 12, Champaign Centennial 8
WP — Rachel Wallis. LP — LE. retailer — Bryce Stevenson. Two or extra hits — D: Chelsy Cunningham, Lauren Cox.
information — Danville 9-3 ordinary, 3-1 in big 12 conference.
Bismarck-Henning 12, Schlarman 0
WP — Lynsey McCord. LP — Cece Damilano. Two or extra hits — S: Aleksas Dietzen BH: Hunter Edwards, Hailey Johnson. 2B — BH: Annie Nelson. RBIs — BH: CasaDee Whorrall 2, Johnson 2, Nelson.
statistics — Bismarck-Henning 7-9 ordinary, 6-three in Vermilion Valley conference.
video game 1
Hoopeston enviornment 12, Oakwood 5
WP — Emma Jett. LP — Kylie Neuman. Two or extra hits — HA: Ariel Reeves four, Breanna Martin 2, Madi Pickett, Payton Small O: Kelsey Blackford. 2B — HA: Martin 2, Reeves, Small, Olivia Montez, Madalyn Goble O: Shaelyn Turner, Kerrigan Shafer, Aubrey Wells. 3B — HA: Reeves. HR — HA: Pickett. RBIs — HA: Pickett four, Martin 2, Montez 2, Reeves, Lauren Sheppard, Jett O: Shafer, Blackford, Wells, Bri Hafner.
online game 2
Hoopeston enviornment 6, Oakwood 1
WP — Emma Jett. LP — Kerrigan Shafer. Two or extra hits — O: Shaelyn Turner, Shafer HA: Ariel Reeves, McKenzie Randall. 2B — O: Turner, Shafer HA: Martin. HR — HA: Reeves, Madi Pickett, Randall. RBIs — O: Shafer HA: Reeves 2, Randall, Pickett, Martin.
data — Oakwood 9-13 ordinary 4-6 in Vermilion Valley convention.
Salt Fork 17, Milford 0
WP — Jordan Jones. LP — Brittany Bailey. Two or more hits — SF: Hailey Hunter three, Carlee Richardson three, Kayleigh Davis 3, Skylar Brewer, Jones, Linzi Fauver, Cadia Sands. 2B — SF: Fauver 2, Jones, Hunter, Richardson, Sands, Davis. 3B — SF: Brewer. RBIs — SF: Reighan Barr 3, Richardson 3, Davis 3, Hunter 2, Fauver 2, Brewer, Jones, Sands.
Georgetown-Ridge Farm/Chrisman three, Westville 2
WP — Whitny Harper. LP — Lauren Winters. Two or greater hits — W: Tiffanie Elliott, Aiyanna Austin, Emilee Eller GRFC: Hayley Hardin. 2B — GRFC: Taylor Stal. 3B — W: Tiffanie Elliot. RBIs — W: Elliott 2 GRFC: Kylie Johnson, Stal, Hardin.
At Veedersburg, Ind.
North Sir Bernard Law 16, Fountain important eight
N. Bernard Law Montgomery`000`716`2`—`sixteen`sixteen`0
F. important`a hundred and twenty`one hundred twenty`2`—`8`15`four
WP — Morgan Hayes. LP — Kyla Keeling. Two or more hits — NM: pleasure Shirar 4, Caroline Turner, Becca Adams, Taylor Johnson, Grace Little, Sidney Zachary FC: Kyla Keeling three, Jenna Royer 3, Kaiti Krout, Alexis Griffin. 2B — NM: Johnson 2, Shirar 2, Hayes, Marley Dyson, Zachary, Little FC: Keeling, Skylar Merryman. 3B — FC: Royer three. HR — NM: Adams. RBIs — NM: Adams 3, Johnson three, Dyson 2, Shirar 2, Zachary 2, Little, Hayes FC: Royer 3, Griffin 2, Krout 2, Merryman.
PREP BOYS GOLF
At Covington, Ind.
At Rivercrest G.C. (Par 36)
group outcomes — 1. Attica 184, 2. Covington 198, South Vermillion 200
Medalist — Josh Garrett (A) 44.
Attica (184) — Garrett 44, Lukas Gayler forty six, Chase Little forty six, Tanner Marshall forty eight, Drew Sheridan 50, Braden Howard 60, Will Mandeville sixty nine
Covington (198) — Pugh forty five, McCarty 49, Snoddy 52, Pettit 52, Coffing fifty six, Hilge 50
South Vermillion (200) — Moore forty four, Junker forty five, Vitaniemi fifty four, Magee fifty seven, Waldrop 60, Moore sixty one
PREP girls TENNIS
At Marshall, Ind.
Fountain crucial 5, Turkey Run 0
Singles — Hannah Hudson (FC) def. Brittany Romig 6-2, 6-0; Olivia Woodrow (FC) def. Christina Woods 6-1, 6-0; Katie Clevenger (FC) def. Aleysia Summers 6-0, 6-0
Doubles — Hattie Duncan-Macee Williams (FC) def. Emily Gill-Jaydan York 6-2, 6-0; Shay Oakley-Sierra White (FC) def. Bella Snodgrass-Harley Johnson 6-3, 6-3.
facts — Fountain important 7-2 common, 2-0 in Wabash River conference; Turkey Run 1-7, 0-four.
At Covington, Ind.
Covington 3, Rockville 2
Singles — Brianna Newton (R) def. Mariah Messick 6-three, 6-four; Madison Karrfalt (C) def. Emma White 6-0, 6-three; Ashlyn Barker (R) def. Cynthia Talbert 6-0, 6-1.
Doubles — Rylee Brown-Esther Bridwell (C) def. Morgan Dugger-Morgen Tinkle 6-3, 6-0; Lauren O'Neil-Shiley Claypool (C) def. Halley Cooper-Delaney Butler 6-2, 6-2.
records — Covington 3-4 universal.
PREP BOYS track
At Covington, Ind.
team outcomes — 1. Covington 81, 2. Oakwood forty three, 3. Westville forty one, four. Armstrong-Potomac 34
particular person outcomes
lengthy start — 1. Ladavion Severado (W) 17-8, 2. Colton Brown (C) 17-5 1/2, three. Cody Hasnbraugh (O) 17-1/2
high start — 1. Raef Burk (W) 5-10, 2. Bryce Jones (O) 5-four 1/2, 3. Hayden Harwood (C) 5-4
Shot Put — 1. Bryce Dillman (AP) forty three-6 1/2, 2. Kyle Reitmeier (AP) forty-1, three. Severado (W) 37-8 1/2
Discus — 1. Dillman 128-5 3/4, 2. Logan Noel (W) a hundred and ten-8 1/4, 3. Severado (W) 109-6
one hundred meters — 1. Brown 11.47, 2. Austin Bridgeman (AP) eleven.75, three. Dioly Cabrera (C) 11.77
200 meters — 1. Bridgeman 24.81, 2. Danny Brewer (C) 24.81, three. Antonio Carrion (O) 25.fifty five
400 meters — 1. Cameryn Taylor (O) 56.06, 2. Hayden Harwood (C) 58.50, 3. Anthony Abernathy (C) fifty nine.fifty six
800 meters — 1. Nico Mandolini (C) 2:36, 2. Elliot Crawford (C) 2:37, three. Abernathy 2:forty five
110 hurdles — 1. Severado 18.38, 2. Chris Winkler (O) 19.11, three. Sam Brewer (C) 20.33
300 hurdles — 1. Bridgeman 44.15, 2. Cameron Helka (O) forty eight.27, three. Brewer 48.ninety three
1,600 — 1. Ian Powell (C) 4:fifty seven, 2. Christian Ramirez (C) 5:46, three. Jackson Powell (O) 5:58
3,200 — 1. Powell 11:23.09
400 relay — 1. Covington (Luke Cooper, Danny Brewer, Colten Glover, Brown) 47.18, 2. Oakwood (Carrion, Hansbraugh, Taylor, Colby Smiley) 50.sixty five
1,600 relay — 1. Covington (Harwood, Danny Brewer, Cabrera, Brown) three:56, 2. Oakwood (Kamden Howard, Bryce Jones, Mason Ajster, Travis Garrett) four:03
3,200 relay — 1. Covington (Marco Mandolini, Ramirez, Montrel Smith, Crawford) 10:37
PREP girls track
At Covington, Ind.
crew consequences — 1. Covington 72, 2. Oakwood 50, 3. Westville 24, 4. Armstrong-Potomac 17
particular person consequences
lengthy bounce — 1. Maddie Bolser (C) 14-10, 2. Imani Johnson (W) 13-10, 3. Olivia McGurk (C) 9-9 1/2
excessive leap — 1. Reese Noble (C) four-0, 2. Grayson Kleist (C) three-1
Shot Put — 1. Jasman Severado (W) 33-10 1/2, 2. Lexi Musson (O) 32-8 1/2, 3. Jordyn Dillman (AP) 28-7
Discus — 1. Dillman 104-7 1/2, 2. Olivia Turner (O) eighty-4 1/four, 3. Alyssa Hendrickson (O) seventy four-5
100 meters — 1. Bolser 12.31, 2. Johnson 13.12, 3. Musson 13.24
200 meters — 1. Boler 26.60, 2. Johnson 28.00, three. Haven Harrison (O) 29.forty seven
400 meters — 1. Harrison 1:07, 2. Grace Davis (O) 1:11, 3. Santasia Elliott (W) 1:22
800 meters — 1. Davis 2:forty six, 2. Joie Sollars (O) 2:fifty seven, three. Kleist four:59
one hundred hurdles — 1. Abby Swaney (C) 18.88, 2. Kelsey hall (O) 19.02
300 hurdles — 1. corridor 1:17
1,600 — 1. Reese Noble (C) 6:02, 2. Emily Rogers (AP) 7:03
three,200 — 1. Noble 13:34.ninety seven
four hundred relay — 1. Covington (Bolser, hall, Swaney, Corinne Moore) 53.ninety five, 2. Oakwood (Musson, Turner, Harrison, Sollars) 57.05
1,600 relay — 1. Oakwood (Harrison, Davis, Sollars, Michaela Zimmerman) 5:28
online game 1
Danville enviornment group college 1, John wood community faculty 0
WP — Morgan laws. LP — Natalie Rothmeyer. Two or extra hits — D: Saidee Brandenburg. 2B — D: Kimi field. RBIs — D: Brandenburg.
John timber group faculty 6, Danville enviornment group school three
WP — Kait David. LP — Phoenix LaCombe. Two or greater hits — JW: Amber Garner 3, Millie Moyer D: Saidee Brandenburg. 2B — JW: Allison Phillips, Moyer D: Katie Knox. RBIs — JW: Phillips 3, Garner, Moyer, Emily Kitchell D: Sierra Seventy 2.
statistics — DACC 23-15, 12-12 in Mid-West Athletic convention.
Hargreave Hale purpose VCT 2 Plc
Unaudited meantime consequences for the six month period ending 31 August 2015
financial HIGHLIGHTStypical Shares (as at 31 August): 31 August 2015 31 August 2014 28 February 2015* internet asset value per share 106.62p 109.05p 110.33p Cumulative distributions paid per share due to the fact launch 41.00p 35.00p 37.00p total return per share 147.62p a hundred and forty four.05p 147.33p Half yearly/Annual Returns per share (basic and Diluted): profits return (0.fifty two)p (0.50)p (1.09)p Capital return 0.93p (6.seventy eight)p (1.88)p combined return 0.41p (7.28)p (2.ninety seven)p Dividends per share: meantime proposed/paid 2.00p 2.00p 2.00p last paid - - 4.00p performance Benchmark: FTSE aim All-share Index (rebased to one hundred at 6 April 2007) sixty three.forty nine 67.43 sixty one.73
* 28 February 2015 financial highlights signify annual results
primary investment purpose
The purpose of the VCT is to achieve long run capital increase and to maximise tax free distributions to shareholders by investing in a diversified portfolio of small UK agencies primarily traded on aim. at least 70% of the enterprise’s funds need to be invested in qualifying holdings inside three years of elevating the dollars. The stability of the business’s money should be invested in liquid assets (comparable to gilts, different mounted pastime and financial institution deposits) and non-qualifying equity investments on an opportunistic foundation to boost the company’s performance. The company is managed as a undertaking Capital have faith in order that shareholders within the business may additionally advantage from the tax aid purchasable.
in the first half of the fiscal year the web Asset cost per share (NAV) reduced from 110.33 pence to 106.sixty two pence similar to a rise of 0.three% after adding again the 4 pence dividend dispensed in August 2015. during the equal period the FTSE 100 complete Return Index fell 7.9% and the FTSE purpose All Share Index received 2.9%.
The executive is within the advanced degrees of amending suggestions on VCT schemes. This has required huge consultation and negotiation with the european to ensure that the new regulations comply absolutely with ecu rules on the granting of State help as a result of VCT`s are considered as beneficiaries of such aid. at the same time as one of the most aspect of the brand new rules isn't yet finalised, in keeping with fresh bulletins, we are confident that changes to the guidelines, that are expected to get hold of Royal Assent shortly, will allow us to continue to control the enterprise without any cloth changes in method or emphasis.
The gain per share for the six month length become 0.41 pence per share (comprising income losses of 0.52 pence and capital good points of 0.93 pence). At 31 August 2015 the total return considering the fact that inception of the fund become 147.sixty two pence.
The investment manager, Hargreave Hale constrained, invested an extra £2.61 million in 13 qualifying groups right through the duration. The reasonable cost of qualifying investments at 31 August 2015 changed into £14.54 million invested in fifty seven intention organizations and 5 unquoted companies (Mexican Grill Ltd, Corfe energy Ltd, Brigantes power Ltd, Portr Ltd and vision Direct community Ltd). The stability of the dollars became held in a mix of money, mounted profits and different non-qualifying equities.
At 31 August 2015 the VCT turned into ninety four.34% invested as measured by way of HMRC.
A last dividend for the year ended 28 February 2015 of 4 pence turned into paid on 28 August 2015.
The directors proceed to hold a coverage of distributing as a minimum 5% of the 12 months conclusion NAV to shareholders. An interim dividend of two pence (2014 - 2p) may be paid on 11 December 2015, with an ex-dividend date of 12 November 2015 and a listing date of 13 November 2015.
we've been capable of preserve our coverage of providing our shareholders a good exit route in the course of the buyback scheme. In complete, one zero five,941 shares were repurchased throughout the six month period ending 31 August 2015 at a standard fee of 104.32 pence per share.
The Board continues to goal a share price bargain of 5% of the NAV per share (as measured in opposition t the mid-rate) for market purchases. it should be emphasised that this target is non-binding and dependent on circumstances together with the enterprise’s liquidity on occasion and market circumstances.
issue of equity
On 18 August 2015 the joint present for subscription for new shares in Hargreave Hale aim VCT1 plc and aim VCT2 plc (launched in October 2014) was closed utterly subscribed with £10m raised for Hargreave Hale intention VCT2 plc.
a brand new joint offer for subscription is expected to launch presently.
The fund has performed reasonably neatly within the first half 12 months in tricky market situations. The cave in in the power costs and problems in a number of emerging markets have changed enterprise dynamics for many businesses and the fall-out from these factors has probably now not yet been wholly absorbed through stock markets. The dependence of a lot of our investments on a resilient UK economic system and our considerable money reserves place us neatly within the present cases.
The business's day by day share price will also be discovered on various fiscal web sites under the EPIC code 'HHVT', or on our own dedicated website at www.hargreave-hale.web/fund-management/assignment-capital-trusts/hargreave-hale-goal-vct-2/share-expense-and-nav/
Date: 30 October 2015
investment supervisor’s record
This document covers the first half of the fiscal 12 months, 1 March 2015 to 31 August 2015. The supervisor’s file contains references to movements within the net Asset value per share (NAV) and total Return per share (internet asset price per share plus disbursed dividends per share). actions within the NAV per share do not always replicate the profits per share (EPS) suggested in the money owed and somewhere else, which deliver the income after tax inside the business in the reported length as a function of the weighted commonplace variety of shares in concern for the period.
the first half of the fiscal 12 months changed into dominated through a few episodes of increased volatility throughout global monetary markets. Political chance changed into an early characteristic, with the prospect of a Greek default and exit from Eurozone dominating the headlines. by means of mid-August, the focal point had firmly switched to activities in China as traders mirrored on the implications for international boom of the devaluation of the Renminbi, the rout inside chinese language equities and a succession of weak chinese language financial surveys. Overlying all of this turned into the possibility of the first boost in US hobby quotes. ironically, the choice to remain on hang caused a sharp sell-off in global equities as markets study the choice as a signal that the chinese slow down might depress US financial exercise.
even as a slow China has clear implications for certain industries (commodities, automobiles and capital goods), we nonetheless trust the outlook for small UK organizations appears in shape with the influence of lower power costs, strong true wage growth, low unemployment all feeding via to improved customer self belief and customer spending. company funding has all started to decide on up, which may still in turn guide UK home increase and improved productivity. we are yet to look what impact the residing wage can have on earnings margins within the amusement trade; although, management teams appear confident of their skill to circulate the cost burden via to consumers through modest fee increases. Domestically orientated mid and small caps have outperformed off the again of robust company information-circulation. whereas definite parts of the portfolio are uncovered (in some instances materially) to the cyclical headwinds stated above, our predominant center of attention on UK centric small corporations with secular boom leads us to trust that our long run returns are not going to be materially influenced through movements in China. We for this reason proceed to deploy capital into attractively valued UK centric agencies that should benefit from a company pleasant government and a healthy UK economy.
within the six months to 31 August 2015, the NAV decreased from a hundred and ten.33p to 106.62p. 4 pence per share in dividends have been paid, giving traders a complete return of 0.29 pence per share, which translates to a profit of 0.three%. all the way through the same period, the FTSE a hundred total Return Index fell 7.9%, at the same time as the FTSE purpose All-Share won 2.9%.
The qualifying investments made a internet contribution of 0.06 pence per share with 26 out of the sixty three making positive factors, 6 unchanged and 31 falling in value. The steadiness was a combination of non-qualifying portfolio positive aspects (1.43 pence per share), fees, income and small positive aspects made via buy backs.
TrakM8 become the precise performing qualifying funding (+fifty eight.5%, +1.87 pence per share). The business mentioned a ninety four% boost in revenues in 2015 as a result of powerful organic and acquisition led boom, with adjusted profits per share sixty six% larger yr on yr. a robust outlook statement guided the market to fabric enhancements for 2016. other shares that made a significant contribution covered Imaginatik (+163.6%, +0.ninety one pence per share), Reneuron (+sixty one.5%, +0.fifty three pence per share) and Ideagen (+20.0%, +0.41 pence per share). On 10 July 2015, Reneuron announced a neatly-supported £68m fundraising that underpins an accelerated scientific programme for a number of years.
The biggest losses within the duration got here from APC applied sciences (-61.5%, -1.05 pence per share), Flowgroup (-sixty one.four%, -1.03 pence per share) and Audioboom (-forty eight.5%, -0.fifty five pence per share).
We made 13 qualifying investments over the six months, which covered eight further investments into present qualifying corporations, 4 secondary placings into listed corporations and one private funding. We invested a total of £2.61m into qualifying investments over the length.
within the portfolio of qualifying investments, Vista companions completed their acquisition of superior computing device utility, realising a profit of £492,000 (+724%). We decreased the measurement of our investments in Premaitha health, Imaginatik and TrakM8 following principally mighty runs within the shares. We additionally reduced our positions in Nektan following its list on aim and in Tangent Communications, which continues to report tricky trading.
The VCT is with no trouble throughout the HMRC described funding verify and ended the duration at 94.34% invested as measured via the HMRC investment test. by means of market price, the VCT had a 54.4% weighting to qualifying investments.
The allocation to non-qualifying fairness investments increased from 10.four% to 14.9% as we sought to installation more of the proceeds of the 2014/15 offer into the market following the correction in late August. on the identical time, we additional expanded our funding within the Marlborough particular situations Fund, lifting the weighting from 6.three% to 9.9% of internet belongings. The qualifying and non-qualifying funding activity resulted in a fall within the money weighting from 27.eight% as at 28 February 2015 to twenty.2% at 31 August 2015. The discount would were extra huge had been it no longer for the large money inflows that got here from the 2014/15 present and the proceeds from the advanced computing device utility bid. fastened profits as a percentage of the fund fell from 2.2% to 1.1%.
The HMRC investment checks are set out in Chapter 3 of part 6 profits Tax 2007, which should be read along with this element of the investment manager’s document. money raised by way of VCTs are first protected within the funding checks from the start of the accounting period containing the third anniversary of the date on which the funds were raised. for this reason the allocation of qualifying investments as described via the legislations may also be different to the portfolio weighting as measured via market value relative to the internet belongings of the business.
post period update
Three additional qualifying investments were made in Belvoir, Science in activities and Mirada following the duration end.
Joint present for Subscription of average Shares
On three October 2014 the directors of Hargreave Hale purpose VCT 1 plc and Hargreave Hale aim VCT 2 plc announced the launch of a joint offer for subscription of latest shares in each Hargreave Hale intention VCT’s to raise up to £10 million into every enterprise. i am pleased to record the offer changed into absolutely subscribed and 9.02 million new shares were issued in Hargreave Hale aim VCT 2 plc. The present closed on 18 August 2015.
a brand new joint offer for subscription is anticipated to launch shortly.
In complete, 128,164 common shares were purchased between 1 March 2015 and the date of this report, at a complete price of £133,398.
A dividend fee of four pence per share became made to shareholders on 28 August 2015.
For further advice please contact:Stuart Brookes company Secretary Hargreave Hale purpose VCT2 percent01253 754740
Date: 30 October 2015
investment Portfolio summary as at 31 August 2015booklet cost Valuation Valuation Qualifying investments £000 £000 % Mexican Grill Ltd (A choice Shares) ** 277 1154 5.38 TrakM8 Holdings plc 134 1020 four.75 Ideagen plc a hundred ninety 619 2.88 discovering applied sciences neighborhood plc 534 610 2.eighty four Premaitha fitness plc 330 435 2.03 TLA worldwide plc one hundred fifty 426 1.99 Reneuron neighborhood plc 262 418 1.ninety five Portr Ltd ** 410 410 1.91 DP Poland plc 332 394 1.84 Eagle Eye solutions Ltd 385 394 1.eighty four Quixant plc 120 378 1.seventy six AnimalCare group plc one hundred 364 1.70 perspective plc 252 322 1.50 Microsaic techniques plc 272 311 1.forty five CentralNic community plc 207 296 1.38 Intercede community plc ninety one 290 1.35 Hardide plc 77 268 1.25 Clearstar Inc 360 265 1.24 Lombard risk management plc 92 265 1.23 Belvoir Lettings plc 293 264 1.23 vision Direct neighborhood Ltd ** 132 264 1.23 Science in game plc a hundred and sixty 238 1.11 Sanderson community plc 200 233 1.09 EKF Diagnostics Holdings plc 150 222 1.03 Mirada plc 266 213 0.ninety nine Plastics Capital plc 202 212 0.99 Kalibrate applied sciences plc 161 206 0.ninety six E G options plc 200 191 0.89 Gfinity plc a hundred twenty five 187 0.87 Imaginatik plc 106 182 0.85 Tristel plc 79 one hundred eighty 0.84 electric observe plc 185 179 0.83 Everyman Media community plc 172 177 0.eighty three Fulcrum Utility features Ltd one hundred 170 0.seventy nine americatechnology plc 139 one hundred seventy 0.79 Electrical Geodesics, Inc one hundred forty five 167 0.seventy eight MartinCo plc 113 163 0.seventy six APC know-how community plc 350 162 0.seventy five Flowgroup plc 268 161 0.75 Fusionex overseas plc sixty nine 157 0.seventy three Verona Pharma plc seventy one 154 0.72 Midatech Pharma plc 150 151 0.70 Audioboom plc 126 147 0.69 Porta Communications plc 200 145 0.sixty eight Lidco neighborhood plc 146 one hundred thirty five 0.63 Synety community plc 234 132 0.sixty two Mexican Grill Ltd (standard Shares) ** 31 128 0.60 Omega Diagnostics community plc 129 127 0.fifty nine Paragon enjoyment Ltd 200 97 0.forty five Sphere scientific Holdings plc 241 ninety five 0.44 satellite options global group plc 103 94 0.forty four Ilika plc fifty three sixty one 0.28 Synairgen plc ninety fifty nine 0.27 WANDisco plc 53 fifty two 0.24 Nektan Ltd 40 47 0.22 Outsourcery neighborhood Ltd 300 forty five 0.21 Mycelx applied sciences agency plc (Com SHS $0.025 + (D1) shares) a hundred and fifty 34 0.sixteen TP community plc a hundred twenty five 32 0.15 Proxama plc sixty three 31 0.14 Tangent Communications plc ninety eight 22 0.10 Mporium community plc one hundred fifty 7 0.03 Brigantes power Ltd ** 25 6 0.03 Corfe energy Ltd ** 25 6 0.03 ------- -------- ---------- complete-qualifying investments 10,993 14,544 67.78 ------- -------- ---------- book cost Valuation Valuation Non-Qualifying investments £000 £000 % UK Treasury stock 2.5% 2024 121 118 0.55 -------- -------- -------- complete - UK gilts 121 118 0.55 -------- -------- -------- Scottish Amicable Finance 8.5% 2049 154 167 0.seventy eight -------- -------- -------- total - corporate bonds 154 167 0.seventy eight -------- -------- -------- MFM special cases Fund ** 2,333 2653 12.36 -------- -------- -------- total-MFM 2,333 2653 12.36 -------- -------- -------- Cohort plc 176 399 1.86 Clipper Logistics plc 92 154 0.72 FC Fund Managers Ltd ** a hundred and fifty a hundred and fifty 0.70 Flowtech Fluidpower plc 100 a hundred and fifty 0.70 Crawshaw neighborhood plc one hundred one hundred forty five 0.sixty eight Eurocell plc 109 131 0.sixty one Vertu Motors plc 76 one hundred thirty 0.61 Finsbury food community plc 75 125 0.58 Greene King plc 114 115 0.54 Cineworld group plc 103 106 0.forty nine researching applied sciences group plc eighty 106 0.forty nine Horizon Discovery neighborhood plc 124 one hundred 0.forty seven Egdon resources plc 140 ninety nine 0.46 Puretech health plc 114 ninety eight 0.46 Babcock overseas group plc 95 97 0.forty five Plexus Holdings plc 125 ninety seven 0.forty five Flowgroup plc 199 89 0.41 JD sports fashion plc 82 88 0.forty one Everyman Media community plc 85 86 0.40 Reneuron neighborhood plc forty one 86 0.40 Fulcrum Utility functions Ltd 58 eighty five 0.forty Idox plc sixty eight 82 0.38 K3 company Tech group plc sixty one eighty 0.37 Melrose Industries plc seventy nine 80 0.37 Amerisur materials plc 167 seventy seven 0.36 Clinigen community plc 54 seventy four 0.35 Playtech plc sixty nine 68 0.32 DS Smith plc sixty four sixty seven 0.31 Johnson carrier group plc fifty seven sixty seven 0.31 Restaurant group plc 67 67 0.31 Tarsus neighborhood plc 72 sixty seven 0.31 RPC community plc 63 66 0.31 Dixons Carphone plc 63 65 0.30 prison and everyday community plc 63 sixty three 0.29 Workspace community plc 53 fifty four 0.25 Mycelx applied sciences business enterprise plc (Com SHS $0.025 REG S+ shares) 170 53 0.25 Mithril Capital plc 42 50 0.23 Eagle Eye solutions Ltd 44 forty nine 0.23 The Fulham Shore plc 38 48 0.22 AA plc 46 forty seven 0.22 Fevertree Drinks plc 26 forty seven 0.22 Plethora solutions Holdings plc ninety three 35 0.16 Genagro Ltd ** 22 10 0.05 Mexican Grill Ltd (A selection Shares) ** three 10 0.05 Westmount energy Ltd 9 three 0.01 TLA global plc 2 2 0.01 CentralNic group plc 1 1 0.01 MartinCo plc 1 1 0.01 Microsaic systems plc 1 1 0.01 Quixant plc 1 1 0.01 Verona Pharma plc 1 1 0.01 AnimalCare neighborhood plc 1 1 0.00 Gfinity plc 1 1 0.00 Mycelx applied sciences service provider plc (Com SHS $0.025 + (D1) shares) 8 1 0.00 Science in sport plc 1 1 0.00 perspective plc* 1 0 0.00 Paragon entertainment Ltd* 1 0 0.00 Premaitha fitness plc* 1 0 0.00 Proxama plc* 1 0 0.00 americaexpertise plc* 1 0 0.00 ------- -------- -------- complete - non-qualifying equities 3,754 three,976 18.53 -------- -------- -------- total - non-qualifying investments 6,362 6,914 32.22 -------- -------- -------- total investments 17,355 21,458 one hundred.00 -------- -------- -------- * this is an specific retaining of below £500 ** Unquoted businesses
nearly all of investments held in the portfolio are listed and/or headquartered in the UK except for the following:Listed Headquartered Registered intention listed Investments: Audioboom plc UK London Jersey Clearstar Inc UK Cayman Islands Cayman Islands Fulcrum Utility features plc UK South Yorkshire Cayman Islands Fusionex international plc UK London Jersey MYCELX applied sciences business enterprise plc UK u . s . us of a Nektan Ltd UK Gibraltar Gibraltar Paragon amusement Ltd UK Jersey Cayman Islands Tarsus group Ltd UK Dublin Jersey WANDisco plc UK Sheffield Jersey Westmount power Ltd UK Jersey Jersey Unlisted private corporations: Brigantes power Ltd - Middlesex UK Corfe power Ltd - Middlesex UK FC Fund Managers Ltd - Cornwall UK Genagro Ltd - Jersey Jersey Mexican Grill Ltd - London UK Portr Ltd - London UK imaginative and prescient Direct neighborhood Ltd - London UK accepted unit have faith: Marlborough special situations Fund - Bolton UK
The properly 10 fairness investments are shown below; each is valued through reference to the bid rate, or, in the case of unquoted groups, values are both according to the closing arm’s length transaction or valuation thoughts, similar to revenue multiples. Forecasts, where given, are drawn from a combination of broker research and/or Bloomberg consensus forecasts and exclude amortisation, share based funds and awesome gadgets. Forecasts are with regards to a duration end for which the company outcomes are yet to be released. The internet cash values are drawn from posted debts in most situations.DP Poland plc 18.5p funding date November 2012 Forecasts for yr to December 2015 equity held 1.63% Turnover (£’000) 3,four hundred Av buy rate 15.6p earnings earlier than tax (£’000) -2,300 cost (£’000) 332 net money (£'000) 6,000 Valuation (£’000) 394 net belongings December 2014 (£’000) 6,668 enterprise Description:
DP Poland is a fast meals provider company. through its absolutely owned subsidiary DP Polska S.A., DP Poland has the unique appropriate to increase, function and sub-franchise Domino’s Pizza stores in Poland. There are at the moment 19 Domino’s Pizza retailers in Poland, throughout Warsaw and Krakow, 12 corporately managed and seven sub-franchised.Eagle Eye solutions Ltd 195.0p funding date April 2014 Forecasts for 12 months to June 2016 fairness held 1.03% Turnover (£’000) 9,a hundred Av. purchase price 189.2p profit earlier than tax (£’000) 0 cost (£’000) 429 web cash (£'000) four,300 Valuation (£’000) 443 web belongings June 2015 (£’000) eight,839 business Description:
Eagle Eye options is a leading UK provider of digital customer engagement options, enabling the retail and hospitality industries to deliver precise-time digital promotions. The business provides a digital transaction platform, Eagle Eye AIR, for the comfy, precise-time, multi-channel issuance, management and redemption of digital presents, vouchers and rewards, replacing up to now used paper-primarily based methods.Ideagen plc 45.0p funding date March 2011 Forecasts for yr to April 2016 fairness held 0.seventy seven% Turnover (£’000) 21,800 Av. purchase price 13.8p profit earlier than tax (£’000) 5,700 cost (£’000) a hundred ninety net money (£'000) 5,300 Valuation (£’000) 619 web belongings April 2015 (£’000) 31,189 company Description:
Ideagen is a software development enterprise specialising in guidance management options for organisations that frequently function within industries which are field to regulatory standards. As authors of an excellent portfolio of utility products, the community is in a position to provide finished content material lifecycle solutions that permit corporations to satisfy their regulatory and great compliance specifications, helping them to cut back charges and enhance efficiency.discovering technologies neighborhood plc 24.0p funding date April 2011 Forecasts for year to December 2015 fairness held 0.eighty four% Turnover (£’000) 21,500 Av. purchase price 20.6p income earlier than tax (£’000) 4,000 charge (£’000) 614 net money (£'000) 3,000 Valuation (£’000) 716 web belongings December 2014 (£’000) 14,409 business Description:
researching technologies provides a complete and built-in range of e-researching functions and applied sciences to corporate and government valued clientele. LTG is making respectable development towards its aim of establishing a substantial global service provider of expert digital researching companies from Europe, US, Latin the us and Asia to kind a market-leading applied sciences company.Mexican Grill Ltd 8550.00p funding date October 2009 Forecasts for 12 months to December 2015 fairness held 4.21% Turnover (£’000) 22,933 purchase cost 2059.1p income before tax (£’000) 877 can charge (£’000) 311 internet cash (£'000) -731 Valuation (£’000) 1,292 internet property December 2014 (£’000) 4,797 company Description:
Mexican Grill, is a private business that operates 24 fast informal California-Mexican restaurants that supply clean, made to order cuisine for devour in or take-away, making it amongst the largest chains within its area of interest.Portr Ltd 600.00p funding date July 2015 Forecasts for year to December 2015 fairness held 2.ninety eight% Turnover (£’000) N/A buy fee 600.0p earnings earlier than tax (£’000) N/A cost (£’000) 410 web cash (£'000) 1,456 Valuation (£’000) 410 internet assets December 2014 (£’000) 390 company Description:
Portr run's AirPortr, London's top class equal day bags switch provider. In its most simple form they bring baggage via a flexible, transparent and price effective answer from London Airports to your resort, workplace or home and vice versa. further functionality will launch later, permitting users to specify service enhancements such as carousel assortment and birth and off-airport check in solutions.Premaitha health plc 19.5p investment date June 2014 Forecasts for year to March 2016 fairness held 0.ninety eight% Turnover (£’000) four,900 Av. buy fee 14.8p earnings before tax (£’000) -2,600 charge (£’000) 331 Estimated internet cash (£'000) 10,700 Valuation (£’000) 435 net property March 2015 (£’000) three,896 company Description:
Premaitha fitness is an ingenious molecular diagnostics business using the newest advances in DNA analysis expertise to strengthen checks for non-invasive prenatal screening (NIPT) and other functions. Premaitha's flagship product, the IONA examine is the first non-invasive in vitro diagnostics CE marked product for prenatal screening enabling clinical laboratories to offer a regulated NIPT in-condo.Reneuron community plc 5.3p funding date March 2009 Forecasts for year to March 2016 fairness held 0.30% Turnover (£’000) 1,000 purchase cost 3.2p earnings earlier than tax (£’000) -9,200 cost (£’000) 303 Estimated web cash (£'000) 80,800 Valuation (£’000) 504 internet property March 2015 (£’000) 13,136 enterprise Description:
Reneuron is a medical-stage stem cell business investigating using novel stem cellphone treatment plans concentrated on areas of giant unmet or poorly met clinical needs. The lead therapeutic candidate is ReN001, which is in clinical construction for use in the medicine of sufferers left disabled via the outcomes of a stroke. The business has different programmes constructing treatment plans for vital limb ischaemia, a series side effect of some forms of diabetes, and blindness-inflicting illnesses of the retina.TLA worldwide plc fifty six.8p investment date November 2011 Forecasts for year to December 2015 fairness held 0.fifty five% Turnover ($’000) 33,900 purchase rate 20.1p profit earlier than tax ($’000) 12,seven hundred can charge (£’000) 152 net cash ($'000) -22,400 Valuation (£’000) 428 net assets December 2014 ($’000) 34,823 enterprise Description:
TLA global is an built-in illustration and marketing enterprise. The company owns and operates activities organizations involved in athlete illustration and activities marketing, with a spotlight basically on skilled baseball within the united states.TrakM8 Holdings plc 168.0p funding date October 2013 Forecasts for 12 months to March 2016 equity held 2.02% Turnover (£’000) 25,000 purchase cost 22.0p profit before tax (£’000) three,four hundred charge (£’000) 134 web cash (£'000) -2,600 Valuation (£’000) 1,020 web assets March 2015 (£’000) 6,995 business Description:
Trakm8, the M2M telematics business the usage of big information analytics to enhance driver behaviour is a leading know-how designer, developer and company of telematics products and solutions. The group, based mostly in Shaftesbury, Dorset, distributes its hardware and software through a network of distributions global. additionally, the group provides vehicle monitoring and monitoring features direct to the B2B market. Trakm8's IP owned items and functions allow vehicles and drivers to be monitored, enabling companies to manipulate deliveries and services, or track stolen cars down to five metres.
Date: 30 October 2015
For extra information please contact:
Hargreave Hale intention VCT 2 plc
remark of administrators’ tasks in recognize of the half-each year monetary report
in response to Disclosure Transparency Rule (DTR) 4.2.10, David Hurst-Brown (Chairman), Philip Cammerman and Giles Hargreave, the administrators, verify that to the better of their expertise:
On behalf of the Board
Date: 30 October 2015
Condensed salary remark for the six month duration to 31 August 2015 (unaudited)For the six month duration to For the six month period to 31 August 2015 (unaudited) 31 August 2014 (unaudited) revenue Capital complete revenue Capital complete £000 £000 £000 £000 £000 £000 Realised features on investments - 906 906 - 142 142 Unrealised losses on investments - (527) (527) - (1,103) (1,103) salary 66 - 66 65 - 65 ----------- ----------- ----------- ----------- ----------- ----------- 66 379 445 sixty five (961) (896) administration price (50) (149) (199) (32) (96) (128) different fees (143) - (143) (110) - (a hundred and ten) ----------- ----------- ----------- ----------- ----------- ----------- (193) (149) (342) (142) (96) (238) ----------- ----------- ----------- ----------- ----------- ----------- (Loss)/return on commonplace actions earlier than taxation (127) 230 103 (seventy seven) (1,057) (1,134) Taxation - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- (Loss)/return and total different complete (127) 230 103 (seventy seven) (1,057) (1,134) earnings after taxation because of equity shareholders ----------- ---------- ---------- ----------- ----------- ----------- (Loss)/return per share (word 2) (0.fifty two)p 0.93p 0.41p (0.50)p (6.78)p (7.28)p (primary and Diluted)
the whole column of this commentary is the profits observation of the business. All salary and capital gadgets within the above observation derive from carrying on with operations. The company has no acknowledged good points or losses apart from the outcomes for the six month duration as set out above. The accompanying notes are an integral part of these monetary statements.
Condensed profits statement for the 12 months ended 28 February 2015 (audited)For the year to 28 February 2015 (audited) income Capital total £000 £000 £000 Realised positive factors on investments - 313 313 Unrealised losses on investments - (430) (430) income 116 - 116 ----------- ----------- ----------- 116 (117) (1) management payment (sixty eight) (206) (274) other fees (234) - (234) ----------- ----------- ----------- (302) (206) (508) ----------- ----------- ----------- (Loss) on ordinary activities earlier than taxation (186) (323) (509) Taxation - - - ----------- ----------- ----------- (Loss) and complete different complete earnings after (186) (323) (509) taxation caused by fairness shareholders ----------- ----------- ----------- (Loss) per share (observe 2) (1.09)p (1.88)p (2.ninety seven)p (simple and Diluted)
the full column of this remark is the revenue commentary of the company. All revenue and capital gadgets in the above observation derive from continuing operations. There are not any known positive factors or losses apart from the loss for the 12 months. The accompanying notes are a vital part of these financial statements.
Condensed observation of fiscal place as at 31 August 2015 (unaudited)31 August 31 August 28 February 2015 2014 2015 (unaudited) (unaudited) (audited) £000 £000 £000 mounted belongings Investments at fair value via income or loss 21,458 15,868 17,544 ----------- ----------- ----------- present belongings Prepayments and accrued income 16 33 26 cash at bank 5,391 1,647 6,709 ----------- ----------- ----------- 5,407 1,680 6,735 creditors: amounts falling due within one year Accruals and deferred income (149) (113) (141) ----------- ----------- ----------- internet latest property 5,258 1,567 6,594 ----------- ----------- ----------- internet assets 26,716 17,435 24,138 ----------- ----------- ----------- Capital and Reserves called up ordinary share capital 251 160 219 Share top rate 16,673 6,721 13,118 Capital redemption reserve four 2 three particular reserve 6,011 7,503 7,124 Capital reserve - realised 756 (sixty two) (1) Capital reserve - unrealised four,102 3,956 4,629 profits reserve (1,081) (845) (954) ----------- ----------- ----------- total equity shareholders' funds 26,716 17,435 24,138 ----------- ----------- ----------- primary and diluted internet asset value per share (observe four) 106.62p 109.05p a hundred and ten.33p
The accompanying notes are an essential component of these fiscal statements.
Condensed observation of changes in fairness for the six month duration to 31 August 2015 (unaudited)regular Shares known as up Share Capital particular Capital Capital profits total share premium redemption reserve reserve reserve reserve capital reserve realised unrealised £000 £000 £000 £000 £000 £000 £000 £000 At 1 March 2015 219 13,118 three 7,124 (1) 4,629 (954) 24,138 Share buybacks (1) - 1 (111) - - - (111) Share challenge proceeds 33 three,644 - - - - - three,677 Share problem charges - (89) - - - - - (89) fairness dividends paid - - - (1,002) - - - (1,002) Realised positive aspects on investments - - - - 906 - - 906 Unrealised (loss) on investments - - - - - (527) - (527) management price charged to capital - - - - (149) - - (149) earnings (loss) after taxation for the length - - - - - - (127) (127) total income/(loss) after taxation - - - - 757 (527) (127) 103 ---------- ----------- ----------- ----------- ---------- ----------- ----------- ---------- At 31 August 2015 251 sixteen,673 4 6,011 756 4,102 (1,081) 26,716 ---------- ----------- ----------- ----------- ---------- ----------- ----------- ----------
Reserves obtainable for distribution are capital reserve realised, special reserve and profits reserve. complete distributable reserves at 31 August 2015 have been £5.69 million. The accompanying notes are a vital part of those fiscal statements.
Condensed statement of adjustments in fairness for the six month period to 31 August 2014 (unaudited)normal Shares called up Share Capital special Capital Capital income complete share premium redemption reserve reserve reserve reserve capital reserve realised unrealised £000 £000 £000 £000 £000 £000 £000 £000 At 1 March 2014 139 4,217 2 eight,152 (108) 5,059 (768) sixteen,693 Share buybacks* (0) - 0 (15) - - - (15) Share situation proceeds 21 2,567 - - - - - 2,588 Share issue expenses - (63) - - - - - (63) equity dividends paid - - - (634) - - - (634) Realised good points on investments - - - - 142 - - 142 Unrealised (loss) on investments - - - - - (1,103) - (1,103) administration payment charged to capital - - - - (ninety six) - - (96) earnings (loss) after taxation for the length - - - - - - (seventy seven) (77) complete loss after taxation - - - - forty six (1,103) (77) (1,134) ---------- ----------- ----------- ----------- ---------- ----------- ----------- ---------- At 31 August 2014 one hundred sixty 6,721 2 7,503 (sixty two) 3,956 (845) 17,435 ---------- ----------- ----------- ----------- ---------- ----------- ----------- ----------
* 13,838 shares were bought returned within the period with a nominal value of £138.38.
Reserves attainable for distribution are capital reserve realised, particular reserve and earnings reserve. complete distributable reserves at 31 August 2014 were £6.60 million. The accompanying notes are an essential component of these financial statements.
Condensed statement of alterations in fairness for the 12 months ended 28 February 2015 (audited)commonplace Shares known as up Share Capital particular Capital Capital profits total share premium redemption reserve reserve reserve reserve capital reserve realised unrealised £000 £000 £000 £000 £000 £000 £000 £000 At 1 March 2014 139 four,217 2 eight,152 (108) 5,059 (768) 16,693 Share buybacks (1) - 1 (71) - - - (71) Share issue proceeds 81 9,073 - - - - - 9,154 Share challenge prices - (172) - - - - - (172) equity dividends paid - - - (957) - - - (957) Realised positive factors on investments - - - - 313 - - 313 Unrealised (loss) on investments - - - - - (430) - (430) management fee charged to capital - - - - (206) - - (206) income (loss) after taxation for the period - - - - - - (186) (186) total loss after taxation - - - - 107 (430) (186) (509) ---------- ----------- ----------- ----------- ---------- ----------- ----------- ---------- At 28 February 2015 219 13,118 three 7,124 (1) four,629 (954) 24,138 ---------- ----------- ----------- ----------- ---------- ----------- ----------- ----------
Reserves obtainable for distribution are capital reserve realised, particular reserve and profits reserve. complete distributable reserves at 28 February 2015 have been £6.17 million. The accompanying notes are an integral part of those economic statements.
Condensed statement of money Flows for the six month length to 31 August 2015 (unaudited)31 August 2015 31 August 2014 28 February 2015* (unaudited) (unaudited) (audited) £000 £000 £000 (Loss)/return on typical activities earlier than taxation 103 (1,134) (509) Realised (features) on investments (906) (142) (313) Unrealised losses on investments 527 1,103 430 lessen/(raise) in debtors 10 (9) (2) enhance in creditors eight four 32 ----------- ----------- ----------- internet money generated from/(used in) operating activities (258) (178) (362) cash flows from investing activities purchase of investments (5,549) (4,266) (6,609) Disposal of investments 2,014 1,498 three,009 ----------- ----------- ----------- web money from investing activities (3,535) (2,768) (three,600) cash flows from financing activities Proceeds from share issues three,677 2,588 9,154 Share subject prices (89) (sixty three) (172) purchase of personal shares for cancellation (111) (15) (seventy one) fairness dividends paid (1,002) (634) (957) ----------- ----------- ----------- web money from financing actions 2,475 1,876 7,954 ----------- ----------- ----------- raise/(lessen) in cash and money equivalents (1,318) (1,070) 3,992 ----------- ----------- ----------- analysis of web money web money at starting of duration/yr 6,709 2,717 2,717 web money inflows/(outflows) (1,318) (1,070) 3,992 web money at end of duration/12 months 5,391 1,647 6,709
* 28 February 2015 money circulation represents annual consequences
Explanatory notes for the six month length to 31 August 2015 (unaudited)
1. Accounting guidelines
basis of preparation
The business has organized its economic statements beneath financial Reporting usual 102 (FRS102) and in accordance with the commentary of recommended practice for “economic Statements of funding have confidence corporations and venture Capital Trusts” (the SORP) which changed into revised in November 2014 by means of the affiliation of funding agencies.
here is the primary period in which the fiscal statements have been prepared below FRS102, however it has no longer been fundamental to re-state comparatives because the treatment up to now applied aligns with the requirements of FRS102.
A reconciliation of the company’s equity in line with its old monetary reporting framework to its equity determined in response to the new monetary reporting framework has now not been included because the medication previously applied aligns with the requirements of FRS102.
A reconciliation of income or loss determined in keeping with its old financial reporting framework for the similar interim period of the previous financial yr has now not been included because the medication prior to now applied aligns with the requirements of FRS102.
financial gadgets – fair value size hierarchy
FRS 102 requires certain disclosures which require the classification of monetary assets and economic liabilities measured at fair price the use of a good price hierarchy that displays the importance of the inputs utilized in making the fair price dimension.
The fair value hierarchy has the following stages:stage Methodology (a) The most reliable evidence of fair cost is a quoted rate for an analogous asset in an lively market. Quoted in an lively market in this context potential quoted expenses are quite simply and regularly obtainable and those fees represent specific and regularly happening market transactions on an arm’s length basis. The quoted rate is constantly the latest bid rate. (b) When quoted prices are unavailable, the fee of a contemporary transaction for a similar asset provides evidence of fair value so long as there has no longer been a major trade in economic cases or a major lapse of time considering the transaction took region. If the entity can show that the final transaction cost is not a pretty good estimate of reasonable price (e.g. since it displays the volume that an entity would get hold of or pay in a compelled transaction, involuntary liquidation or misery sale), that expense is adjusted. (c) If the marketplace for the asset isn't energetic and recent transactions of an analogous asset on their own don't seem to be a superb estimate of fair cost, an entity estimates the reasonable value through the use of a valuation method. The objective of the use of a valuation approach is to estimate what the transaction fee would had been on the size date in an arm’s length alternate motivated by using average enterprise issues. degree (a) Investments
£’000Six months ended 31 August 2015 (unaudited) 16,665 2,653 2,140 21,458 12 months ended 28 February 2015 (audited) 14,268 1,528 1,748 17,544 Six months ended 31 August 2014 (unaudited) 13,308 1,467 1,093 15,868
Listed investments and investments traded on purpose are stated at closing bid market prices. Investments are regarded and derecognised at alternate date the place a purchase or sale is below a contract whose phrases require delivery inside the time body based by way of the market involved, and are measured initially at fair value.
These investments should be managed and their performance evaluated on a good price foundation based on a documented investment approach and advice about them is supplied internally on that groundwork to the Board. consequently, as accredited by means of FRS 102, the investments are exact as reasonable value through income or loss (FVTPL) on the groundwork that they qualify as a group of belongings managed, and whose efficiency is evaluated, on a good cost foundation in line with a documented investment strategy. Subsequent to initial recognition, investments are valued at reasonable value which is deemed to be bid market expenditures.
features and losses bobbing up from adjustments in fair value (realised and unrealised) are covered within the net income or loss for the duration as a capital merchandise in the salary remark and are eventually recognized within the unrealised capital reserve or realised capital reserve (as applicable).
recognition of impairment and realised losses
If an investment has been impaired such that there is not any simple expectation that there can be a full return from the funding, the loss is handled as a permanent impairment and is acknowledged as a realised loss in the economic statements.
determining reasonable value
where the classification of a monetary instrument requires it to be cited at reasonable price, this depends upon reference to the quoted bid fee in an lively market at any place possible. where no such lively market exists for the specific asset or liability, the enterprise uses a valuation approach to arrive on the fair cost, including using fees got in fresh hands-size transactions, discounted cash flow analysis and other valuation techniques customary with the aid of market individuals. The reasonable value of such belongings or liabilities could be reviewed on a 6 month-to-month groundwork and extra often if events take place that could have a material affect on the investment.
equity dividends are taken into account on the ex-dividend date, internet of any linked tax credit score. mounted returns on non-equity shares and debt securities are acknowledged on a time apportionment groundwork with the intention to mirror the effective yield, provided there is no cost-efficient doubt that price should be got in due direction. All other earnings, including deposit pastime receivable, is recognized on an accruals basis. All profits and capital items in the unaudited earnings remark derive from continuing operations. There are no other objects of comprehensive salary apart from those disclosed in the unaudited salary observation.
All expenditure is accounted for on an accruals basis. 75% of investment management fees are allocated to the capital reserve realised and 25% to the salary account in response to the Board’s expected future split of investment returns in the form of capital positive aspects to the capital column of the earnings observation. All different expenditure is charged to the income account.
Realised profits and losses on the disposal of investments, losses realised on investments regarded to be completely impaired and 75% of investment management prices are accounted for in the capital reserve realised.
increases and decreases within the valuation of investments held on the duration end are accounted for within the capital reserve unrealised.
there's considered to be one operating phase as mentioned to the executive working decision maker being funding in fairness and debt securities.
The tax impact of expenditure is allotted between capital and income on the equal basis because the certain merchandise to which it relates, the usage of the business’s constructive fee of tax for the length. Any liability to enterprise tax is in response to web income for the period.
only dividends paid right through the duration are deducted from profits or capital reserves. Dividends which are declared subsequent to the steadiness sheet date should not shown as a legal responsibility within the stability sheet.
summary of dividends paid in the six months to 31 August 2015 and the fiscal 12 months ending 28 February 2015 are exact beneath:Six months ended 31 August 2015 (unaudited) £’000 yr ended 28 February 2015 (audited) £’000 remaining capital dividend of 4 pence per share for the year ended 28 February 2014 paid on 10 July 2014 - 633 interim capital dividend of 2 pence per share for the half yr ended 31 August 2014 paid on 31 October 2014 - 324 final capital dividend of 4 pence per share for the 12 months ended 28 February 2015 paid on 28 August 2015 1,002 - total 1,002 957
in keeping with FRS 102 the company is required to appoint a useful foreign money, being the currency by which the business predominantly operates. The Board has determined that sterling is the company’s practical foreign money. Sterling is additionally the currency through which these money owed are presented.
Repurchase of shares to hang in Treasury
The cost of repurchasing shares into treasury, together with the connected stamp duty and transaction expenses is charged to capital reserves and dealt with within the Reconciliation of movements in Shareholder’s dollars. Share repurchase transactions are accounted for on a change date foundation. the place shares held in treasury are because of this cancelled, the nominal cost of those shares is transferred out of share capital and into capital redemption reserve.
may still shares held in treasury be reissued, the sale proceeds might be treated as a realised income up to the volume of the buy rate of those shares and may be transferred to capital reserves. The excess of the sale proceeds over the purchase price may be transferred to share top rate.
Contingencies, guarantees and fiscal commitments
there were no contingencies, ensures or financial commitments of the company on the 31 August 2015.
normal shares are classed as equity. The normal shares in subject have a nominal cost of one pence and raise one vote every.
an outline of each and every of the reserves follows:
This reserve represents the change between the concern expense of shares and the nominal cost of shares at the date of situation, web of related situation charges.
Capital Redemption Reserve
This reserve is used for the cancellation of shares bought lower back below the buyback facility.
Distributable reserve used to pay dividends and re-purchase shares below the buyback facility.
Capital Reserve Realised
positive aspects and losses on realisation of investments.
Capital Reserve Unrealised
Unrealised positive factors and losses on investments.
web salary gains and losses of the enterprise.
2. salary per share (simple and Diluted)
The profit per ordinary share of 0.forty one pence at 31 August 2015 (31 August 2014: loss 7.28 pence and 28 February 2015: loss 2.ninety seven pence) is according to the income after tax for the length of £102,694 (31 August 2014: loss £1,134,065 and 28 February 2015: loss £508,782) and the normal variety of ordinary shares in subject over the duration of 24,771,103 (31 August 2014: 15,579,666 and 28 February 2015: 17,152,222).
three. Cautionary observation
The results should still no longer be taken as a book to the effects for the fiscal length ending 28 February 2016. This document may additionally contain forward looking statements relating to the economic circumstance and consequences of the enterprise, which are made within the mild of latest financial and business instances. Nothing in this file may still be considered as a profit forecast.
four. web asset value per share
The internet asset cost per common share at 31 August 2015 of 106.sixty two pence (31 August 2014: 109.05 pence and 28 February 2015: a hundred and ten.33 pence) after deducting the 4.00 pence dividend paid in August 2015 is according to internet property of £26,716,143 (31 August 2014: £17,435,068 and 28 February 2015: £24,138,351) and on 25,058,142 shares (31 August 2014: 15,988,769 shares and 28 February 2015: 21,879,274 shares), being the variety of commonplace shares in situation as at 31 August 2015.
5. publication of non-statutory money owed
The monetary information contained in the 31 August 2015 revenue observation, balance sheet, cash circulation remark and reconciliation of actions in shareholders' cash does not constitute full economic statements and has not been audited.
6. principle risks and Uncertainties
The main risks dealing with the business relate to the company’s funding activities and include regulatory chance, funding chance and discount volatility. other risks confronted by the business include market risk, foreign money chance, activity rate possibility, liquidity chance and credit possibility. These risks and the style by which they are managed are described in more aspect in the enterprise’s annual document and accounts for the 12 months ended 28 February 2015. The enterprise’s important risks and uncertainties have not modified materially due to the fact the date of that report.
7. Transactions in shares
In total, the enterprise repurchased one hundred and five,941 shares all through the six month period ending 31 August 2015 at a complete cost of £a hundred and ten,515
In total, the business issued three,284,809 new shares all the way through the six month period ending 31 August 2015 elevating net proceeds of £3,587,781.
eight. connected party transactions
Giles Hargreave, a director of the enterprise, is the chairman of Hargreave Hale confined and has an hobby in extra of seven% in that enterprise. As such, Hargreave Hale confined is regarded to be a related birthday celebration to the company. Hargreave Hale confined acts as investment supervisor, administrator, custodian and offers one non-executive director and the enterprise secretary to the enterprise. all of the capabilities carried out by way of Hargreave Hale constrained are segregated via department and site and are impartial of each different.
Hargreave Hale restrained in its capacity as investment manager of the fund receives annual prices of 1.5% once a year of the web property of the business, calculated and payable quarterly in arrears. fees for the half-yr are £198,739 (2014: £128,527). on the subject of the different guide capabilities described above, Hargreave Hale limited also provides administration functions, custody services, company secretarial capabilities and one non-government director and got expenses of £38,500 per half-yr (2014: £38,500) in relation to those functions. Of these costs, £105,240 (2014: £70,609) changed into nonetheless owed on the half-yr end.
at the Annual general meeting held on 21 August 2015 a normal decision changed into passed to enhance the annual administration charge payable to Hargreave Hale limited by using £20,000 once a year to account for an additional member of support personnel required for Hargreave Hale limited to provide administrative features to the enterprise under the current administration contract.
This elevated charge shall become beneficial once such additional member of guide team of workers has been employed (which will be as soon as shareholders have accepted an identical raise for the annual administration can charge payable by means of Hargreave Hale aim VCT 1 plc to Hargreave Hale restricted, which is anticipated to be later in 2015).
Hargreave Hale constrained has agreed to indemnify the company against annual operating fees (such expenses aside from VAT, any efficiency incentive charge and any path commissions the charge of which is the accountability of the company) exceeding three.5% of its net assets. No prices had been waved by using Hargreave Hale in the first half of the economic yr beneath the indemnity.
On 2 October 2014, the administrators of Hargreave Hale intention VCT 1 plc and Hargreave Hale aim VCT 2 plc launched a joint offer for subscription for new shares in both VCTs to raise as much as £10 million into every enterprise. i am joyful to document the offer become utterly subscribed and 9.02 million new shares were issued in Hargreave Hale purpose VCT 2 plc. The offer closed on 18 August 2015.
a brand new joint offer for subscription is anticipated to launch shortly.
8. Going situation
After making enquires, the directors have an inexpensive expectation that the enterprise has satisfactory supplies to proceed in operational existence for the foreseeable future. for that reason, they continue to undertake the going subject groundwork in preparing the economic statements.
9. put up balance sheet routine
There are no submit steadiness sheet routine to divulge
Secretary and Registered officeStuart Brookes Accurist condo 44 Baker street London W1U 7AL
supervisorHargreave Hale limited Accurist house 44 Baker street LONDON W1U 7AL
RegistrarsEquiniti factor house Spencer street Lancing West Sussex BN99 6DA
SolicitorsHoward Kennedy No. 1 London Bridge London SE1 9BG
AuditorsBDO LLP 55 Baker highway London W1U 7EU
VCT repute AdviserRobertson Hare LLP 4-6 Staple lodge excessive Holborn London WC1V 7QH
BrokersSinger Capital Markets confined One Hanover road London W1S 1YZ
business Registration quantity05941261 in England and Wales
For extra information please contact:
Hargreave Hale aim VCT 2 plc
30 October 2015
brief identify: Hargreave Hale intention 2
category Code: IR
Sequence number: 492752
Time of Receipt (offset from UTC): 20151030T160907+0000
08/22/2017 | 02:58pm CEST
kind 604establishments Act 2001 area 671B note of exchange of pursuits of mammoth holder
To company identify/Scheme DATELINE elements restrained
ACN/ARSN 149 a hundred and five 653
name SOUTHERN go EXPLORATION NL
ACN/ARSN (if relevant) 000 716 012
There become a metamorphosis within the pastimes of the enormous holder on
sixteen August 2017
The old note turned into given to the business on
8 February 2017
The outdated notice became dated
eight February 2017
the overall number of votes connected to the entire vote casting shares within the business or voting interests within the scheme that the large holder or an associate (2) had a critical hobby (three) in when ultimate required, and when now required, to give a considerable retaining note to the business or scheme, are as follows:
category of securities (four)
balloting energy (5)
voting vigour (5)
one hundred sixty,010,001
Particulars of every alternate in, or change in the nature of, a principal activity of the vast holder or an associate in balloting securities of the company or scheme, on the grounds that the immense holder was ultimate required to give a substantial protecting be aware to the enterprise or scheme are as follows:
Date of change
adult whose valuable
Nature of change (6)
Consideration given with regards to trade (7)
classification and number of securities affected
adult's votes affected
Southern pass Exploration NL
taking over full direct entitlement in Non- Renounceable Rights challenge on 16/eight/17
totally Paid common Shares
Southern cross Exploration NL
Particulars of each and every principal activity of the sizeable holder in balloting securities after the trade are as follows:
Holder of crucial hobby
Registered holder of securities
grownup entitled to be registered as holder (8)
Nature of valuable pastime (6)
category and variety of securities
Southern cross Exploration NL
Southern pass Exploration NL
Southern move Exploration NL
a good suggestion owner
utterly Paid standard Shares
The humans who've become pals (2) of, ceased to be associates of, or have changed the character of their affiliation (9) with, the great holder relating to vote casting hobbies within the business or scheme are as follows:
identify and ACN/ARSN (if relevant)
Nature of affiliation
The addresses of humans named in this form are as follows:
SOUTHERN go EXPLORATION NL
level 29, 2 CHIFLEY rectangular, SYDNEY NSW 2000
sign right here
sixteen August 2017
If there are a couple of vast holders with equivalent or connected imperative interests (eg. a company and its related establishments, or the manager and trustee of an fairness trust), the names may be blanketed in an annexure to the kind. If the valuable pastimes of a bunch of individuals are almost similar, they may be talked about right through the form as a particularly named group if the membership of every community, with the names and addresses of contributors is clearly set out in paragraph 6 of the form.
See the definition of "associate" in section 9 of the businesses Act 2001.
See the definition of "central activity" in sections 608 and 671B(7) of the businesses Act 2001.
The balloting shares of a corporation represent one class until divided into separate classes.
The person's votes divided by means of the entire votes in the physique corporate or scheme accelerated through 100.
include details of:
any principal contract or other cases on account of which the alternate in important pastime passed off. If subsection 671B(four) applies, a duplicate of any doc surroundings out the terms of any vital settlement, and a statement by way of the adult giving full and correct particulars of any contract, scheme or arrangement, must accompany this kind, at the side of a written remark certifying this contract, scheme or association; and
any qualification of the energy of a person to pastime, manage the recreation of, or affect the pastime of, the vote casting powers or disposal of the securities to which the crucial interest relates (indicating certainly the particular securities to which the qualification applies).
See the definition of "relevant contract" in part 9 of the organisations Act 2001.
details of the dignity ought to consist of any and all merits, funds and other, that any grownup from whom a important interest became received has, or might also, turn into entitled to receive in relation to that acquisition. details must be blanketed even though the benefit is conditional on the going on or now not of a contingency. particulars have to be included of any benefit paid on behalf of the huge holder or its affiliate on the subject of the acquisitions, despite the fact that they don't seem to be paid at once to the adult from whom the critical interest was obtained.
If the big holder is unable to assess the id of the adult (eg. if the vital pastime arises as a result of an option) write "unknown".
supply particulars, if applicable, of the current affiliation and any exchange in that affiliation when you consider that the closing gigantic holding note.
Dateline elements restrained posted this content on 16 August 2017 and is entirely chargeable for the assistance contained herein.dispensed by way of Public, unedited and unaltered, on 22 August 2017 12:57:03 UTC.latest information on DATELINE components LTD
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Exin [40 Certification Exam(s) ]
ExtremeNetworks [3 Certification Exam(s) ]
F5-Networks [20 Certification Exam(s) ]
FCTC [2 Certification Exam(s) ]
Filemaker [9 Certification Exam(s) ]
Financial [36 Certification Exam(s) ]
Fortinet [12 Certification Exam(s) ]
Foundry [6 Certification Exam(s) ]
Fujitsu [2 Certification Exam(s) ]
GAQM [8 Certification Exam(s) ]
Genesys [4 Certification Exam(s) ]
GIAC [15 Certification Exam(s) ]
Google [4 Certification Exam(s) ]
GuidanceSoftware [2 Certification Exam(s) ]
H3C [1 Certification Exam(s) ]
HDI [9 Certification Exam(s) ]
Healthcare [3 Certification Exam(s) ]
HIPAA [2 Certification Exam(s) ]
Hitachi [28 Certification Exam(s) ]
Hortonworks [4 Certification Exam(s) ]
Hospitality [2 Certification Exam(s) ]
HP [744 Certification Exam(s) ]
HR [2 Certification Exam(s) ]
HRCI [1 Certification Exam(s) ]
Huawei [21 Certification Exam(s) ]
Hyperion [10 Certification Exam(s) ]
IAAP [1 Certification Exam(s) ]
IBM [1520 Certification Exam(s) ]
IBQH [1 Certification Exam(s) ]
ICAI [1 Certification Exam(s) ]
ICDL [6 Certification Exam(s) ]
IEEE [1 Certification Exam(s) ]
IELTS [1 Certification Exam(s) ]
IFPUG [1 Certification Exam(s) ]
IIA [3 Certification Exam(s) ]
IIBA [2 Certification Exam(s) ]
IISFA [1 Certification Exam(s) ]
Intel [2 Certification Exam(s) ]
IQN [1 Certification Exam(s) ]
IRS [1 Certification Exam(s) ]
ISA [1 Certification Exam(s) ]
ISACA [4 Certification Exam(s) ]
ISC2 [6 Certification Exam(s) ]
ISEB [24 Certification Exam(s) ]
Isilon [4 Certification Exam(s) ]
ISM [6 Certification Exam(s) ]
iSQI [7 Certification Exam(s) ]
ITEC [1 Certification Exam(s) ]
Juniper [63 Certification Exam(s) ]
Legato [5 Certification Exam(s) ]
Liferay [1 Certification Exam(s) ]
Lotus [66 Certification Exam(s) ]
LPI [23 Certification Exam(s) ]
LSI [3 Certification Exam(s) ]
Magento [3 Certification Exam(s) ]
Maintenance [2 Certification Exam(s) ]
McAfee [8 Certification Exam(s) ]
McData [3 Certification Exam(s) ]
Medical [25 Certification Exam(s) ]
Microsoft [362 Certification Exam(s) ]
Mile2 [2 Certification Exam(s) ]
Military [1 Certification Exam(s) ]
Misc [1 Certification Exam(s) ]
Motorola [7 Certification Exam(s) ]
mySQL [4 Certification Exam(s) ]
NCLEX [2 Certification Exam(s) ]
Network-General [12 Certification Exam(s) ]
NetworkAppliance [36 Certification Exam(s) ]
NI [1 Certification Exam(s) ]
NIELIT [1 Certification Exam(s) ]
Nokia [6 Certification Exam(s) ]
Nortel [130 Certification Exam(s) ]
Novell [37 Certification Exam(s) ]
OMG [10 Certification Exam(s) ]
Oracle [262 Certification Exam(s) ]
P&C [1 Certification Exam(s) ]
Palo-Alto [4 Certification Exam(s) ]
PARCC [1 Certification Exam(s) ]
PayPal [1 Certification Exam(s) ]
Pegasystems [11 Certification Exam(s) ]
PEOPLECERT [4 Certification Exam(s) ]
PMI [15 Certification Exam(s) ]
Polycom [2 Certification Exam(s) ]
PostgreSQL-CE [1 Certification Exam(s) ]
Prince2 [6 Certification Exam(s) ]
PRMIA [1 Certification Exam(s) ]
PsychCorp [1 Certification Exam(s) ]
PTCB [2 Certification Exam(s) ]
QAI [1 Certification Exam(s) ]
QlikView [1 Certification Exam(s) ]
Quality-Assurance [7 Certification Exam(s) ]
RACC [1 Certification Exam(s) ]
Real-Estate [1 Certification Exam(s) ]
RedHat [8 Certification Exam(s) ]
RES [5 Certification Exam(s) ]
Riverbed [8 Certification Exam(s) ]
RSA [15 Certification Exam(s) ]
Sair [8 Certification Exam(s) ]
Salesforce [5 Certification Exam(s) ]
SANS [1 Certification Exam(s) ]
SAP [98 Certification Exam(s) ]
SASInstitute [15 Certification Exam(s) ]
SAT [1 Certification Exam(s) ]
SCO [10 Certification Exam(s) ]
SCP [6 Certification Exam(s) ]
SDI [3 Certification Exam(s) ]
See-Beyond [1 Certification Exam(s) ]
Siemens [1 Certification Exam(s) ]
Snia [7 Certification Exam(s) ]
SOA [15 Certification Exam(s) ]
Social-Work-Board [1 Certification Exam(s) ]
SpringSource [1 Certification Exam(s) ]
SUN [63 Certification Exam(s) ]
SUSE [1 Certification Exam(s) ]
Sybase [17 Certification Exam(s) ]
Symantec [133 Certification Exam(s) ]
Teacher-Certification [4 Certification Exam(s) ]
The-Open-Group [8 Certification Exam(s) ]
TIA [3 Certification Exam(s) ]
Tibco [18 Certification Exam(s) ]
Trend [1 Certification Exam(s) ]
TruSecure [1 Certification Exam(s) ]
USMLE [1 Certification Exam(s) ]
VCE [6 Certification Exam(s) ]
Veeam [2 Certification Exam(s) ]
Veritas [32 Certification Exam(s) ]
Vmware [57 Certification Exam(s) ]
Wonderlic [1 Certification Exam(s) ]
Worldatwork [2 Certification Exam(s) ]
XML-Master [3 Certification Exam(s) ]
Zend [6 Certification Exam(s) ]
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