JPMorgan Japan Smaller just fails to match benchmark – JPMorgan Japan Smaller Companies has released results for the year ended 31 March 2019. The total return on net assets was -7.9%, compared with -7.3% returned by the benchmark. The total return to ordinary shareholders was -8.9%, reflecting a slight widening of the share price discount to net […]
Manchester & London manager invests £5.3m – Manchester & London Investment Trust has announced that M&M Investment Company Plc (“MMIC”), a company controlled by Mark Sheppard, the owner of M&L Capital Management Limited, the company’s manager, and a controlling shareholder in the company, has today subscribed for 994,575 new shares at 532.9p the price equal […]
Aseana says manager will step down 30 June – Aseana Properties says that Ireka Development Management Sdn Bhd (“IDM”), the current Development Manager of Aseana, will cease to act as the company’s development manager on 30 June 2019. This represents an extension to IDM’s three months’ notice period and is to ensure a smooth handover following […]
Superb year sees Montanaro European 18.5% ahead of index – Montanaro European Smaller Companies has published its annual results covering the period to 31 March 2019. In a year where the MSCI Europe SmallCap (ex UK) Index (in sterling terms) declined by -6.3%, the net asset value rose by 12.2% to 1,010.8p per share. In total return […]
BMO Global Smaller Companies announces share split – BMO Global Smaller Companies has published results for the year ended 30 April 2019. The trust beat its benchmark (the MSCI All Country World ex UK Small Cap Index and the Numis UK Smaller Companies (excluding investment companies) Index in a 70/30% proportion), returning 3.8% in NAV terms […]
Impact Healthcare REIT buys York care home – Impact Healthcare REIT has acquired Birchlands Nursing Home for a net consideration of GBP3.9 million. The initial rent will be GBP300,000. Birchlands is a purpose-built nursing home located on the outskirts of York with 51 bedrooms. It currently has 100% occupancy and is rated Good by the CQC […]
In QuotedData’s other news 19 June 2019 Summit Properties has sold an office building in Germany for €225m, 7.9% above its €208.6m valuation as at 31 December 2018. The property’s annual rental income as of 31 December 2018 totaled €4.62m, reflecting a rental yield of 2.1%. Regional REIT announced a number of new lettings, reporting 11.6% higher […]
Picton issue flops – Picton Property Income’s placing, which was announced on 12 June and trailed in its results announcement, has failed to raise its target. The company said it had identified important asset management initiatives “20 separate asset management initiatives… with total costs of approximately GBP15 million“, which it wanted to progress further over the short […]
After the downpours of the last few weeks it might be easy to forget how sunny it was last year – NextEnergy Solar generation 9% above budget – NextEnergy Solar results for the year ended 31 March 2019 show: A net asset value per ordinary share of 110.9p (2018: 105.1p); Ordinary shareholder total return 11.8% (2018:6.2%); […]
Yellowcake benefits from higher uranium price – Yellowcake has published results covering the year to the end of March 2019. Highlights are: Net asset value of USD2.93 (GBP2.25) per share as at 31 March 2019; Value of underlying U(3) O(8) has increased by 22% to USD217.4 million as at the end of March 2019 relative […]
