In QuotedData’s morning briefing 4 June 2020: Securities Trust of Scotland served notice on Martin Currie after it found out that Mark Whitehead (the portfolio manager) had resigned from Martin Currie – he leaves on 1 December 2020. “The board will be undertaking a review of its management arrangements, which process will include Martin Currie, and […]
Dramatic year for Biotech Growth – as its chairman says “as a result of the COVID-19 pandemic the year to 31 March 2020 proved to be one of the most dramatic in the history of the company since its inception in 1997.” For the year to 31 March 2020, the net asset value per share […]
Worldwide Healthcare results for the year ended 31 March 2020 show an NAV return of 6.5%, ahead of the benchmark’s 5.7%. The premium edged a little higher to 1.8% from 0.3%, giving shareholders a return of 8.0%. The dividend has fallen to 25p from 26.5p – but this trust is not about dividends. The NAV […]
Fidelity China shrugs off virus – Fidelity China Special Situations’ annual report for the year ended 31 March 2020 shows an NAV return of -5.9% and a return to shareholders of -6.5%. MSCI China returned -1.0% over that period. The dividend has been upped by 10.4% to 4.25p. Markets had started to recover from the worst […]
RDL Realisation reports on COVID impact – RDL Realisation’s annual accounts to end December contain few surprises except the location of the AGM – the Moto Service Station, M5 Junction 27, Sampford Peverell – which investors cannot attend anyway because of COVID restrictions. The board had this to say “whilst the full impact of the Covid-19 […]
Shires Income has reported results covering the year ended 31 March 2020. The trust outperformed its benchmark in NAV terms – Shires returned -18.0% for the period against the benchmark’s -18.5%. However, a small widening of the discount towards the end of the period left shareholders with a return of -21.2%. The dividend has been […]
In QuotedData’s morning briefing 2 June 2020: Witan has published an analysis of its performance in 2020. “In broad terms, our 12% underperformance has been due mainly to the underperformance of our underlying portfolio (9%), exacerbated by being geared into a market fall (2%), with an additional 1% being the cost of the early repayment of […]
Can Perpetual Income & Growth find its way? – Perpetual Income & Growth has published results covering the year to the end of March 2020. As we knew it would do, it makes for grim reading. An NAV return of -29.9% and a return to shareholders of -35.5% are set against a return on the UK […]
The five best performing investment companies over the past year in NAV terms are Golden Prospect Precious Metals, Biotech Growth, Pershing Square, JPMorgan China Growth and Income and Scottish Mortgage. It’s an eclectic bunch and illustrative of just how hard it is to navigate the market in the current turmoil. Golden Prospect is soaring because […]
GCP Infra trims dividend target to reflect market yields – In its half-year statement, released this morning, GCP Infrastructure has announced that it will trim its dividend target from 7.6p per year to 7p per year. This still leaves it trading on a yield of 5.9%, based on last night’s closing price. 10 years after […]
