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 […]
Solid absolute and relative returns for shareholders of Dunedin Income Growth – the NAV total return of 12.0% of Dunedin Income Growth (DIG) outperformed the total return of 11.3% from the FTSE All-Share Index. The chairman stated in the annual final report for the year to 31 January 2018 that this was driven by out-performance […]
Hg announces acquisition of German B2B fleet leasing company Mobility Concept – HgCapital Trust (HGT) has announced the acquisition of Mobility Concept GmbH, a leading B2B* fleet leasing company, headquartered in Germany. Hg has acquired Mobility Concept from Unicredit Leasing GmbH, a wholly-owned subsidiary of UniCredit Bank AG (“HypoVereinsbank”) as well as from the founders. The closing of the […]
Impax Environmental Markets investing firmly into the ecological zeitgeist- Impax Environmental Markets (IEM) has reported a strong year of performance, although the NAV of the company underperformed its environmental comparator index, the FTSE ET100, follows the Company’s 15.4% outperformance in 2016 In its annual financial report for the year ended 31 December 2017, the company reported that accelerated earnings growth and continuing merger […]
Strong performance helps Schroder Asian TR’s NAV move to a premium – The NAV of Schroder Asian TR (ATR) rose by 34.8% on a total return basis for the 12 month reporting period to 31 December 2017. Being a total return fund, the manager is agnostic towards the performance and the make up of market indices. However, so […]
North American Income Trust delivers on its objective – As an income fund seeking to deliver an attractive and growing dividends from investing in North American companies, it is appropriate that North American Income Trust (NAIT) asks to be compared to an index equivalent to its objective. It does this by comparing itself to the Russell 1000 Value index, as well […]
Positive results for City Merchants High Yield- In his first final report the new chairman of City Merchants High Yield (CMHY), Tim Scholefield commented that high yield bonds yields and spreads over investment grade bonds had reached new lows against a backdrop of surprising economic growth and supportive central bank policy. He mirrored the caution expressed by […]
Profits growth and falling discount mean a good year for F&C Private Equity shareholders – in its final report for the year to 31st December 2017, F&C Private Equity (FPEO), the chairman commented that the portfolio continued to make progress during the year. Profits growth and falling discount Over the year, the NAV returned 5.6% (on a total […]
Highcroft’s property income grows 22% in 2017 – Highcroft Investments (HCFT) delivered its final report for the calendar year ending 31 December 2017. Headlines: 22.0% increase in gross property income, which is the strongest performance over the last 5 years 16.8% increase in investment property valuation Property acquisitions of £9,480,000 (net of costs) and disposal […]
John Laing Infrastructure propose moving domicile to UK – The NAV of John Laing Infrastructure [JLIF] rose by 9.5% the company informed shareholders in its final report for the year ending 31 December 2018. The share price, however, fell by 4.8%. The value of the portfolio value rose by 13.3% to £1,379.3 million, with the underlying portfolio growing by […]
