Aberdeen Japan returned enhanced by yen/sterling currency hedge – Aberdeen Japan Investment Trust (AJIT) has released its final report for the year to 31st March 2018. The NAV of the company rose by 12.6% on a total return basis. By way of comparison, the TOPIX index of leading Japanese companies rose by 8.2% on the same basis. […]
LondonMetric announces its annual results – LondonMetric (LMP) is a Real Estate Investment Trust (REIT) that specialises in distribution, convenience and long income property. LMP is a constituent of the FTSE 250. It focuses on strong and growing income and adding value through asset management initiatives and short cycle developments. LondonMetric has 14 million sq ft under management. […]
A mixed year for Value and Income Trust – In its final report to 31 March 2018, Value and Income Trust (VIN) stated that the NAV performance of the company was mixed. Its property portfolio had a good year. However, the equity portfolio was less successful in a difficult year for income focused investors. The NAV total return was -1.6% […]
Scottish Mortgage’s earnings rise by 12% – Scottish Mortgage (SMT) has published its final report for the twelve month period up to 31 March 2018. Following a strong year of performance, the company has seen its earnings rise by 12% to 1.20p from 1.07p the year before. Therefore, it was decided that, given the long run capital returns, the dividend […]
Another twist for Vietnam Holding’s shareholders – After news that it is changing its investment agreement with its existing investment manager, its intention to acquire the assets of another Vietnamese listed equity fund (click here for more) and the resignation of fund manager, Vu Quang Thinh (click here for more), shareholders of VietNam Holding (VNH) have found […]
Invesco Perpetual Enhanced Income updates on investment manager search – In April 2018, Invesco Perpetual Enhanced Income (IPE) were served notice by their investment manager, Invesco Fund Managers Limited that they were to step down – click here to read more. In May, the company (IPE) received requests from some of its largest institutional shareholders to hold an […]
Livermore reports on a positive year – In the company’s report for the year ended 31 December 2017, Livermore Investments Group (LIV) reported that its NAV per share increased by 11.0% to USD 1.00 from USD 0.90 the year before. Net profit for the year, however was USD 16.4m from USD 34.0m in 2016. The net income was primarily driven by interest […]
VinaLand divests its stake in Project Romana Resort & Spa – VinaLand Limited (VNL) is an AIM-quoted investment vehicle established to target strategic segments within Vietnam’s emerging real estate market. The company has announced that it has disinvested from one of its holdings, a 96 bedroom hotel called the Project Romana Resort & Spa in Binh Thuan […]
Electra Private Equity to start formal sales process – Electra Private Equity (ELTA) has reported in its half year results that it will begin a formal sales process. The company returned £349 million returned to shareholders in December 2017, bringing the total in last 18 months to £1.8 billion. It had told the market in a […]
Balance sheet strength and sector focus supports NewRiver REIT’s performance – NewRiver REIT (NRR) has published its report for the year ending 31st March 2018. The objective of NewRiver REIT is to own and operate retail properties that generate a high, sustainable income and provide an attractive environment for retailers and shoppers. Its continued focus is on the most […]
