Reconstruction Capital II returned €17.4m to its shareholders- In its annual report for the year ending 31 December 2017, Reconstruction Capital II (RC2) reported that its NAV decreased by 31.8% from €0.3670 per share to €0.2504 per share. This was because it returned €17.4m to Shareholders over the year. The majority of this was the proceeds of the sale of Albalact S.A. […]
UK stock selection positive for F&C Global Smaller Companies – The company has released its full audited statement of results for the year ending 30 April 2018. The diluted NAV of F&C Global Smaller Companies (FCS) delivered a total return of 9.3%. The share price of the company rose by 9.1% (total return). Both share price […]
Gresham House Strategic reports best year so far, although its discount to NAV remains stubbornly high. Gresham House Strategic plc (GHS) has released its final audited results for the year ended 31 March 2018. in it, the company reports that its NAV per share grew by 10.7%, compared to the FTSE Small Cap Index and the […]
Duke Royalty signs letter of intent for its fifth loan – Duke Royalty (DUKE) has signed a letter of intent with a US provider / publisher of legal information for US$ 3.5m. Royalty financing Royalty financing is an alternative to regular debt financing (loans and trade credit) and equity financing (venture capital and stock sales). Duke Royalty […]
Civitas adds to its social housing portfolio – Civitas Social Housing (CSH) has completed the purchase of seven new properties for £5.4m. Six of the properties are specialist supported living properties and one is residential care property. The properties, which currently have 44 tenancies, will be managed by Falcon Housing Association, a registered provider, and counter party to other leases […]
John Laing Environmental Assets has been busy, diversifying its portfolio – John Laing Environmental Assets Group Limited (JLEN) has published its results for the year ended 31 March 2018. In what the company sees as an increasingly competitive markets in all of the main sectors that JLEN operates, the NAV per share was 99.6 pence, compared with 100.1 […]
A year of significant progress for NextEnergy Solar – NextEnergy Solar Fund (NESF) has published its results for the year up to 31 March 2018. The NAV of the company has risen to £605m from £479m. The NAV per share rose by 0.7% from 104.9p in 2017 to 105.1p. The company reported profit before tax of £32.2m (2017: £49.8m) with […]
Strength of the pound hurts the Establishment Investment Trust – The Establishment Investment Trust (ET.) released it financial results for the year ended 31 March 2018. The company’s share price rose by 8.9% (total return), although the NAV fell by 2.5%. Excluding dividends, the share price rose 3.9%. The NAV fell by 6.3%. Since launch in 2002, the share price total return has […]
Lindsell Train has another stellar year – although the premium remains stubbornly high. The NAV of Linsell Train Investment Trust (LTI) rose by 30.0% (total return) in th year to 31 March 2018. It outperformed its own benchmark, which returned 4.0%. For comparison, the MSCI World Index in Sterling rose by 1.3%. The company’s share price returned by 29.6%, reflecting […]
Introduction of AIM stocks benefits Montanaro UK Smaller Companies – the NAV per share of Montanaro UK Smaller Companies (MTU) increased by 7.3% during the year. The share price rose by 9.8% to 560p, reflecting a modest tightening of the discount over the year from 16.0% to 18.0% at 31st March 2018. The company reported that the introduction of […]
