Over the year to the end of March 2014, Oryx International Growth’s net asset value rose by 43.1% – outpacing the FTSE Small Cap Index by some margin (the index returned 17.5%). The main drivers of performance within the quoted portfolio were Essenden (the ten pin bowling company), up 200%; MJ Gleeson, up over 90%; Goals Soccer Centres, up over 90%; Journey Group, up over 50% and Quarto Group up over 20%. Oryx also sold Orthoproducts and Bionostics from its unquoted portfolio – both fetched more than 3x their original cost. Oryx say that, since the year end, it has sold another unquoted holding, Sinav.
