Finsbury Growth and Income extends run of outperformance – net asset value return per share for the year was 13.1% and the share price total return 13.2%. Both have again significantly outperformed the benchmark, the All-Share Index, measured on a total return basis, which rose by 5.9% over the same period. The principal contributions to net […]
BlackRock North American lags benchmark but higher dividend boosts share price – “For the financial year ending 31 October 2018, the NAV total return was modestly below that of the benchmark, the Russell 1000 Value Index. Over the same period, U.S. large cap stocks, as represented by the broader S&P 500 Index, advanced by 7.34% […]
Geiger Counter publishes glowing report – Uranium prices in the spot market have rallied sharply and reached a level of US$27.5 at the end of September 2018, which equates to a rise of 35% over Geiger Counter’s financial year. Uranium equities have started to rise given this favourable background and new vehicles were launched in the […]
Schroder Mid Cap out of favour – Schroder Mid Cap’s chairman says that it is disappointing that the fund’s performance for the year ended 30 September 2018 was more muted than the prior year due in part to mid cap shares not being in favour with investors. The benchmark delivered a total return of 4.2%. […]
Secure Property Development and Investment sells non-Greek assets – Secure Property Development & Investment has entered into an agreement for the sale of its property portfolio, excluding its Greek logistics properties, in an all-share transaction to Arcona Property Fund N.V.. The deal values SPDI’s non-Greek portfolio at EUR29.25 million (based on a net asset value of […]
Fee cut for Baillie Gifford Japan – The board of The Baillie Gifford Japan Trust has announced that the annual management fee payable to its investment managers and secretaries, Baillie Gifford & Co Limited, will be reduced. With effect from 1 January 2019 the opening tier of 0.95% on the first GBP50m of net assets is […]
Local Shopping REIT says liquidation blocked – The Local Shopping REIT has announced that the special resolution to, amongst other things, wind-up the company voluntarily, proposed at the general meeting held yesterday attracted the support of 61.87% of the votes cast. However, the resolution did not achieve a majority of 75% of the votes cast required […]
Civitas issues update on Westmoreland – Following the publication of the recent investment adviser’s update commentary on 30 November 2018 (which we referred to in our article), Civitas Social Housing is now providing shareholders with a further update with respect to Westmoreland. Update on Westmoreland As at today’s date, 5 December 2018, Westmoreland represents 22.6% of […]
Riverstone sells Sierrra oil and Gas – Riverstone Holdings LLC, the manager of Riverstone Energy Limited, has announced that it has agreed to the sale of 100% of its membership interests in Sierra Oil & Gas, an oil and gas company focused on Mexico’s offshore Sureste Basin to DEA Deutsche Erdoel AG, an international independent exploration […]
Majedie fails to match benchmarks, discount widens – Majedie Investments says that, for the year ended 30 September 2018, its NAV return was 2.7% and the return to shareholders was 2.1%. By contrast, the All Share Index and MSCI World Index (in sterling terms) rose by 5.9% and 12.9% respectively. The dividend has been increased from […]
