-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ke9kR4BhsrsbfyfLOBif/wO9Gxhbck3DIQagkCigDTrW92lwPltDcSp2Yv0wolrt fxGDMnyzzZB1mOlzJGtAnQ== 0000891092-07-004540.txt : 20071025 0000891092-07-004540.hdr.sgml : 20071025 20071025144453 ACCESSION NUMBER: 0000891092-07-004540 CONFORMED SUBMISSION TYPE: N-30B-2 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070930 FILED AS OF DATE: 20071025 DATE AS OF CHANGE: 20071025 EFFECTIVENESS DATE: 20071025 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CENTRAL SECURITIES CORP CENTRAL INDEX KEY: 0000018748 IRS NUMBER: 131875970 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-30B-2 SEC ACT: 1940 Act SEC FILE NUMBER: 811-00179 FILM NUMBER: 071190587 BUSINESS ADDRESS: STREET 1: 630 FIFTH AVENUE STREET 2: SUITE 820 CITY: NEW YORK STATE: NY ZIP: 10111 BUSINESS PHONE: 212-698-2020 MAIL ADDRESS: STREET 1: 630 FIFTH AVENUE STREET 2: SUITE 820 CITY: NEW YORK STATE: NY ZIP: 10111 FORMER COMPANY: FORMER CONFORMED NAME: TRANS CENTRAL SECURITIES CORP DATE OF NAME CHANGE: 19700722 FORMER COMPANY: FORMER CONFORMED NAME: BUERGER LADET & RADINSKY INC DATE OF NAME CHANGE: 19671026 N-30B-2 1 e28734n_30b2.txt INTERIM REPORT TO STOCKHOLDERS ================================================================================ - -------------------------------------------------------------------------------- CENTRAL SECURITIES CORPORATION ---------- INTERIM REPORT TO STOCKHOLDERS AS OF SEPTEMBER 30, 2007 - -------------------------------------------------------------------------------- ================================================================================ To the Stockholders of CENTRAL SECURITIES CORPORATION: Financial data for the quarter ended September 30, 2007 prepared by management without audit by our independent registered public accounting firm and other pertinent information are submitted herewith. Comparative market values of net assets are as follows:
Sept. 30, 2007 June 30, 2007 Dec. 31, 2006 -------------- ------------- ------------- Net assets........................................ $671,426,934 $678,277,359 $617,167,026 Net assets per share of Common Stock.............. 32.69 33.03 30.05 Shares of Common Stock outstanding.......... 20,538,195 20,538,195 20,538,195
Comparative operating results are as follows:
Nine months ended September 30, ------------------------------- 2007 2006 ---- ---- Net investment income............................................. $ 7,704,867 $ 7,018,095 Per share of Common Stock................................... .38* .35* Net realized gain on sale of investments.......................... 37,419,803 34,340,340 Increase in net unrealized appreciation of investments............ 13,242,876 4,366,522 Increase in net assets resulting from operations.................. 58,367,546 45,724,957
- ---------- * Per-share data are based on the average number of Common shares outstanding during the nine-month period. In the quarter ended September 30, 2007 the Corporation did not repurchase any shares of its Common Stock. However, it may from time to time purchase Common Stock in such amounts and at such prices as the Board of Directors may deem advisable in the best interests of stockholders. Purchases may be made on the American Stock Exchange or in transactions directly with stockholders. Stockholders' inquiries are welcome. CENTRAL SECURITIES CORPORATION WILMOT H. KIDD, President 630 Fifth Avenue New York, NY 10111 October 17, 2007 [2] PRINCIPAL PORTFOLIO CHANGES July 1 to September 30, 2007 (Common Stock unless specified otherwise) (unaudited)
Number of Shares --------------------------------------- Held September 30, Purchased Sold 2007 --------- ------ ------------- A.S.V., Inc............................................ 386,000 680,000 The Bank of New York Mellon Corporation................ 49,525(b) 825,475 Brady Corporation...................................... 34,400 875,600 Carlisle Companies Inc................................. 140,000 140,000 Chevron Corporation.................................... 234,328 -- Coherent, Inc.......................................... 100,000 100,000 Convergys Corporation.................................. 715,800 1,715,800 Covidien Ltd........................................... 100,000(a) 100,000 Devon Energy Corporation............................... 200,000 200,000 GeoMet, Inc............................................ 220,000 1,000,000 Hewitt Associates, Inc................................. 200,000 -- IMS Health Inc......................................... 120,000 80,000 Intel Corporation...................................... 80,000 900,000 Meritage Homes Corporation............................. 10,000 90,000 Murphy Oil Corporation................................. 50,000 550,000 Neoware, Inc........................................... 1,400,000(b) -- Radisys Corporation.................................... 390,000 1,000,000 Tyco Electronics Ltd................................... 100,000(a) 10,000 90,000 Tyco International Ltd................................. 300,000(c) 100,000 Verigy Ltd............................................. 20,001 60,000
- ---------- (a) Received in a distribution from Tyco International Ltd. (b) Merger. (c) Reverse stock split. TEN LARGEST INVESTMENTS (unaudited)
September 30, 2007 ------------------ % of Year First Cost Value Net Assets Acquired ---- ----- ---------- ---------- (millions) The Plymouth Rock Company, Inc............... $ 2.2 $148.4 22.1% 1982 Murphy Oil Corporation....................... 2.8 38.4 5.7 1974 The Bank of New York Mellon Corporation...... 15.5 36.4 5.4 1993 Agilent Technologies, Inc.................... 22.5 34.8 5.2 2005 Brady Corporation............................ 2.5 31.4 4.7 1984 Convergys Corporation........................ 25.1 29.8 4.4 1998 Roper Industries, Inc........................ 9.0 26.9 4.0 2003 Intel Corporation............................ 0.4 23.3 3.5 1986 Capital One Financial Corporation............ 5.1 22.6 3.4 1994 Dover Corporation............................ 13.0 20.4 3.0 2003
[3] BOARD OF DIRECTORS Donald G. Calder, Chairman Simms C. Browning Jay R. Inglis Dudley D. Johnson Wilmot H. Kidd C. Carter Walker, Jr. OFFICERS Wilmot H. Kidd, President Charles N. Edgerton, Vice President and Treasurer William E. Sheeline, Vice President Marlene A. Krumholz, Secretary OFFICE 630 Fifth Avenue Suite 820 New York, NY 10111 212-698-2020 866-593-2507 (toll free) www.centralsecurities.com TRANSFER AGENT AND REGISTRAR Computershare Trust Company, N.A. P. O. Box 43069, Providence, RI 02940-3069 800-756-8200 www.computershare.com CUSTODIAN UMB Bank, N.A. Kansas City, MO INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM KPMG LLP, New York [4] -----END PRIVACY-ENHANCED MESSAGE-----