Aberdeen Asian Smaller Companies gives details of CULS conversion – Aberdeen Asian Smaller Companies (AAS) has made announcements in January and February about converting its 3.5% convertible unsecured loan stock 2019 (2019 CULS). The company has announced further details in relation to the proposed restructuring of the 2019 CULS and the terms of a new class of convertible unsecured […]
New Fund Manager for Schroder UK Growth – The Board of Schroder UK Growth Fund (SDU) announced that it has terminated Schroder Unit Trusts Limited as its AIFM and has appoint Baillie Gifford & Co Limited as the company’s new manager, company secretary and administrator. The board says that the Company’s long-term investment performance is considerably […]
Share split for Mercantile – The board of Mercantile (MRC) are proposing a ten-for-one share split to help deal with the share price being so high. It makes investing in smaller amounts hard 2017 was a good year for the share price. Over the year to 31st January 2018, the Company produced a return on net assets of […]
Hg announces investment in the Access Group – Hg, which maaged the Manager of HgCapital Trust (HGT) has announced today an investment in The Access Group. It is one of the UK’s leading providers of business management software to mid-market companies. HgCapital will invest approximately £30.9 million in Access, with other institutional clients of Hg investing alongside the […]
RDI £26m disposal in Leeds – RDI the UK real esrate investment trust (REIT) has exchanged contracts for the disposal of City Point in Leeds for £26.05 million. The property, which has been acquired by West Midlands Pension Fund, delivers total gross annualised rental income of £1.6 million with a WAULT of 3.7 years. According to LDI […]
NB Global Floating Rate performs well in a difficult year – NB Global Floating Rate (NBLS) targets income generation whilst seeking to preserve investors’ capital and give protection against rising interest rates. The year to 31 December 2017 again proved to be eventful not just in geopolitical or macroeconomic terms. United States and European senior secured floating […]
Underweight Chinese tech companies detract from Aberdeen Asian Income – Aberdeen Asian Income’s NAV returned 16.0% in sterling terms, compared to the MSCI All Countries Asia Pacific ex Japan Index, which returned 25.4%. The ordinary share price total return was 17.4% while the discount to NAV narrowed slightly to 7.5% at the year end. A […]
Standard Life Property Income completed disposal – Standard Life Investments Property Income Trust (SLIPIT) has completed the sale of a multi let office in Slough for £13.25m, 9.6% ahead of the end December valuation. In the release, the manger commented that the sale proceeds will be reinvested when suitable opportunities are available. The disposal is to realise […]
Industrial sector contributes to Standard Life Property Income’s performance – The portfolio total return of Standard Life Property Income (SLI) was 12.1% representing a significant margin over the benchmark return. This outperformance was driven by an above benchmark portfolio income return of 6.3% and a capital return of 5.5%. The capital return was achieved despite the drag […]
Above average number of natural disasters impact on Blue Capital – the NAV of Blue Capital Alternative Income (BCAI) was hit by a higher than average occurrence of natural disasters during the year to 31 December 2017. please see our note on Blue Capital Alternative Income published on 13 February entitled “Wind blown but still standing” Blue Capital Alternative […]
