Value and Income planning for its future – Value and Income has arranged a seven year secured term loan of £22m. £20.9m of this will be charged interest at a fixed rate of 3.1% a year (this works out at 3.3% a year after all the expenses connected with securing the loan are included in the […]
Unloved markets hold back BlackRock Frontiers – BlackRock Frontier Markets underperformed its benchmark over the year ended 30 September 2019, returning, in US dollars, -1.5% in NAV terms and -6.3% in share price terms against a 0.0% return for the benchmark and a 5.9% return for the MSCI Frontier Markets Index. The dividend is 7.75 cents […]
In QuotedData’s other news 4 December 2019 Augmentum Fintech’s NAV made progress over the six months ending 30 September 2019, rising by 2.4%. This would have been higher but their holding in Zopa took a hit as it raised money to fund an application for a full banking licence. We also have news of higher […]
Seneca Global still expanding – in the six month period ending 30 September 2019, Seneca Global Income and Growth managed to issue a net 1.8m shares, despite posting underperformance of its benchmark over this period. The trust’s interim results show a -1.6% return on NAV and a -0.8% return to shareholders for the six-month period. […]
Higher income from JPMorgan Chinese – JPMorgan Chinese’s board is proposing a new dividend policy to pay enhanced dividends through the distribution of capital gains as well as net revenue. Under this new policy, the board aims to set a target dividend, in the absence of unforeseen circumstances, equivalent to 4% of NAV on the […]
LMS Capital votes to remove Gresham House – at the meeting called to decide who should be running LMS Capital, the votes were 41.6% in favour of keeping Gresham House as manager and 58.4% in favour of internalising the management of the company. The independent directors (who wanted to keep Gresham) have resigned. The vote […]
In QuotedData’s other news 29 November 2019 PME Africa has increased its loan from Optas Gmbh from €400,000 to €600,000 while it tries to free up cash at its account in Tanzania. EIH says it has consulted its shareholders and a vast majority are in favour of de-listing its shares in the interests of saving money. […]
Qannas will leave AIM to get its deal done – On 3 September 2019, Qannas announced that it was planing to enter into a an agreement to buy a substantial portfolio of assets. It had trading in its shares suspended from AIM while it finalised this. Today, it says that getting the deal done in […]
In QuotedData’s other news 28 November 2019 Tritax EuroBox is to spend €30m extending its Barcelona warehouse by 88,000 sqm. Building starts in 2021 for completion in 2023. The warehouse is let entirely to Mango (the fashion retailer) and was already by far the largest asset in EBOX’s portfolio. This is a big bet on one […]
European Trust results show why it moved manager – European Trust, which recently appointed Baillie Gifford as its manager, has just published results covering the year ended 30 September 2019. They make for grim reading – over the period the trust returned -4.6% in NAV terms and -7.6% in share price terms. This compares to […]
