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Net Asset Value (NAV) per share (in CHF)
as at 30 November 2023
CHF 7.42
as at 23 November 2023
CHF 7.47
as at 16 November 2023
CHF 7.40
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Distribution per share

 2.00 1.00 1.00 1.00 1.00 1.00 3.00 1.00 0.45 1.17 1.00 1.00 1.00 3.00

NAV

16.72 15.43 15.77 16.60 17.86 16.72 16.33 16.22 13.61 14.45 13.96 16.03 11.77 10.65

Distribution in % to NAV

 11.96% 6.48% 6.34% 6.02% 5.60% 5.98% 18.37% 6.17% 3.31% 8.10% 7.16% 6.24% 8.50% 28.17%
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2023 -1.7% 1.7% -0.8% 0.0% 0.0% 0.0% -0.9% -4.6% 2.3% 3.9% -1.4% -9.1%
2022 0.7% -6.5% 3.4% 0.0% -3.1% -3.7% -1.5% -0.8% -5.5% 0.0% 0.8% 0.0% -15.4%
2021 0.7% 2.9% 3.5% 3.4% 0.7% -0.7% 1.4% 1.4% 2.1% 1.3% 2.6% -0.6% 20.3%

2020

 0.0% -1.4% -7.8% 2.3% 0.1% 1.6% 0.8% 0.8% 1.6% 0.8% 2.3% 3.0% 3.7%

2019

 0.0% 0.7% 0.7% 1.4% -1.4% 0.0% 1.2% 0.7% 0.0% 0.7% 1.4% 0.7% 6.4%

2018

 1.8% 0.0% -0.6% 0.0% 0.5% -1.3% 0.6% -0.7% 0.0% -4.6% -1.4% -3.1% -8.3%

2017

 1.2% 2.0% 0.3% -0.3% 2.1% 1.4% 1.7% 0.0% 1.6% 5.8% -0.6% 0.0% 16.0%

2016

 -1.8% -1.2% 0.0% 1.8% 3.0% 0.0% 0.0% 0.9% 0.9% 0.6% 1.8% 0.6% 6.8%

2015

 2.3% 1.7% 3.8% 1.0% -0.5% -1.6% 1.1% -3.9% -2.9% 0.3% 0.6% -0.9% 0.7%

2014

 4.2% 1.2% -0.6% -0.6% 5.2% 1.2% -0.6% 0.3% -1.4% 1.8% 0.6% 1.1% 12.8%

2013

 1.9% -0.3% 0.6% 0.3% 2.0% -1.9% 1.6% -1.0% 2.9% 5.1% 0.3% 0.0% 12.0%

2012

 1.0% 2.9% 4.1% 0.6% 0.0% 0.6% 0.9% 0.3% -0.6% -0.6% -1.9% 1.3% 8.8%

2011

 4.2% 3.5% -0.8% 3.6% 3.7% -0.3% -1.8% -3.9% -1.0% 0.0% -1.9% 0.3% 5.3%

2010

 -1.2% 2.8% 2.3% 1.6% 0.0% 2.9% 1.4% 1.6% 2.5% 3.8% 7.4% 3.0% 31.9%

2009

 -2.8% -0.9% 0.9% 0.9% 3.8% 1.7% 3.6% 2.5% 5.0% 0.8% -2.3% 0.0% 13.6%

2008

 -5.6% 0.0% -2.3% 1.2% -4.7% 0.0% -1.2% -1.3% -6.3% -15.5% -9.6% -2.6% -39.5%

2007

 9.0% -2.1% -0.5% 2.0% 0.6% 0.0% -2.1% -5.8% 0.0% 0.6% 0.0% 0.5% 1.7%

2006

 3.7% 4.5% 3.7% 1.7% -1.7% 1.2% 1.1% 0.0% 1.8% 5.1% 1.6% 1.7% 27.1%

2005

 0.8% 0.0% 1.1% -0.7% 1.1% 0.4% 5.2% 1.0% 3.6% 0.0% -1.9% -0.4% 10.4%

2004

 3.6% 4.9% 6.3% 2.2% 1.4% -0.8% 0.0% 1.5% 0.0% 0.0% -1.1% -0.5% 18.8%

2003

 n/a n/a n/a n/a n/a 2.6% 0.8% 2.1% 1.5% 1.7% 0.5% 0.2% 9.7%

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NAV AND SHARE PRICE

Investment Strategy

Alpine’s goal is to achieve attractive absolute returns.

Alpine Select’s goal is to achieve attractive absolute returns by building a diversified portfolio investing in securities, quoted or otherwise, of Swiss and foreign corporations. Furthermore, Alpine Select takes positions in special situations (significant transactional events such as spin-offs, acquisitions, arbitrages, mergers, carve-outs and recapitalizations).

Investment Rationale

It is the intention of Alpine Select to be recognized as an efficient company. Accordingly, emphasis is on retaining a light and flexible cost structure with the Company contracting outside expertise when cost/benefit of such advice can be demonstrated

Alpine Select applies a shareholder friendly dividend policy: The Company intends to distribute a dividend to shareholders, taking the return goals and economic situations of the Company into consideration (since 2014 an annual dividend has been distributed).

Due to its listing on the Swiss Stock Exchange, Alpine offers daily liquidity within a stable regulatory environment.

  • Pooling of investors’ interest through investment policy and business Credo

  • Access the investment capabilities of the experienced Alpine Select investment team

  • Members of the investment team are significantly invested in Alpine Select Ltd. and Alpine Select Alternative Fund

  • Cost efficient set-up: 'Performance before growth'

  • Stable regulatory environment, regular updates and reports

Corporate Calendar

Corporate Action

Based on the authorization resolution of the ordinary shareholders' meeting of 17 May 2023, the board of directors of Alpine Select has decided to launch a new share buyback program via a second trading line.

Starting 27 October 2023 (first trading day) a maximum of 783,891 registered shares or equal to a maximum of 9 % of the share capital registered in the commercial register will be puchased for cancellation purposes.

The maximum buyback volume per day is 14,380 shares (calculated pursuant to Art. 123 para. 1 lit. c FinMIO).

Valor
129,873,487
ISIN

CH1298734877

Ticker

ALPNE

Buyback Notice

Current Status of Share Repurchase

Click below for an overview on hte progession of, and on the transactions made in own shares, during the share buyback program 2023 - 2025

The Ordinary Shareholders' Meeting of Alpine Select held on 20 May 2020 authorized the board of directors to repurchase up to 10% of the share capital in the period up to the ordinary shareholders' meeting in 2022 for the subsequent definitive cancellation of the shares through a capital reduction. Based on this authorization the board of directors launched the buyback program 2020 – 2022 by publishing the buyback notice on 24 June 2020 (“Buyback program 2020”). Alpine Select can acquire up to a maximum of 925,797 registered shares under the Buyback program 2020. As of 27 May 2022, Alpine Select has acquired a total of 397,202 treasury shares under the Buyback program 2020, equalling 4.29% of the share capital.

At the proposal of the board of directors, the Ordinary Shareholders’ Meeting of Alpine Select held on 18 May 2022 authorized the board of directors to extend the Buyback program 2020 until 31 May 2023. With the prolongation of the Buyback program 2020, the maximum number of shares to be repurchased remains at 925,797 treasury shares (corresponding to 10% of the share capital). During the extension of the Buyback program 2020, a further maximum number of 528,595 Alpine Select shares can be bought back. The actual number of shares bought back will be determined by Alpine Select's freely available liquidity on the one hand and by the supply on the second trading line on the other hand. The board of directors will propose to the ordinary shareholders' meeting 2023 a capital reduction by cancellation of all shares purchased within the prolonged Buyback program 2020.

Valor

55,039,512

ISIN

CH0550395120

Ticker

ALPNE

Buyback Notice

Result of the Share Buyback Program 2020 - 2023

The share buyback program approved by the ordinary shareholders’ meeting held on 20 May 2020 and extended by one year by the ordinary shareholders’ meeting on 18 May 2022 expired on 31 May 2023. During this period, Alpine Select repurchased a total of 548,070 treasury shares. At the ordinary shareholders’ meeting held on 17 May 2023, the shareholders approved the cancellation of the 548,070 treasury shares and the corresponding reduction of the share capital. The share capital now amounts to CHF 174,198.00.

Click here for an overview on the transactions made in own shares during the 2020 - 2023 share buyback program.

Alpine Facts

Incorporation date
18 September 1997
Listing
SIX Swiss Exchange, Swiss Standard Segment
Stock Exchange Symbol
ALPN
ISIN Cide
CH0019199550
Reuters
ALPN.S
Bloomberg
ALPN SW EQUITY
Types of shares:
Registered shares
Shares issued:
8'709'900
Nominal value
CHF 0.02
Net Asset Value
Published on the Company Website, in Finanz und Wirtschaft, Zurich (Saturday edition), on various data providers
Management fee
None
Performance fee
None
Advisory fee
TCHF 108/annually
Custodian
Bank Julius Bär & Co. AG
Distributions
Out of retained earnings