McKay Securities dividend up 11% – McKay Securities results for the year ended 31 March 2018 show: Financial Highlights Adjusted profit before tax up 5.4% to GBP9.07 million (31 March 2017: GBP8.60 million) Adjusted basic earnings per share of 9.7 pence (31 March 2017: 9.2 pence) Gross rental income up 5.1% to a historic high […]
NewRiver responds to press speculation – NewRiver REIT has released a statement this morning: “NewRiver notes press comment regarding the potential acquisition of Hawthorn Leisure Holdings Limited (“Hawthorn”). NewRiver confirms that it has entered a period of exclusivity with Hawthorn and its major shareholder regarding a potential acquisition of the business. A transaction, if completed, […]
LXi REIT sets new 5.5p dividend target – LXi REIT has published its first set of accounts – covering the period from its launch on 21 December 2016 to 31 March 2018. The EPRA NAV per share increased by 9.87% to 107.67 pence (at the IPO in February 2017 it was 98.00 pence). Other highlights were: Raised total gross […]
New twist as Vietnam Holding manager resigns – a couple of days ago Vietnam Holding announced that it was serving notice on its manager as a way of triggering a review of the fee arrangements for its services. The announcement said though that the plan was to retain the services of the portfolio management team led by […]
Investment Trust Insider on Ranger Direct Lending James Carthew: Ranger board must give investors an exit A right royal row is underway about the future of Ranger Direct Lending (RDL). Letters are flying back and forth and PR companies are working overtime but Ranger’s shares continue to languish on the widest discount of any fund […]
Investment Trust Insider on Ecofin and Premier utilities and infrastructure funds James Carthew: knee-jerk rejection of utilities is wrong The lines between utilities and infrastructure have been blurred somewhat. The two investment companies that sit in the utilities sector, Ecofin Global Utilities and Infrastructure (EGL) and Premier Global Infrastructure (PGIT), have (as their names suggest) […]
Investment Tust Insider on Latin America James Carthew: Latin volatility requires a long-term view Latin America has done surprisingly well since I last looked at BlackRock Latin American (BRLA) and Aberdeen Latin American Income (ALAI) two-and-a-half years ago. Its markets were very much out of favour as sabre rattling by Maduro in Venezuela, falling commodities […]
Investment Trust Insider on Seneca Global Income & Growth James Carthew: this trust swerved Conviviality crash The collapse of stock market darling, Conviviality (CVRC), has caught a few people by surprise. Quite a few UK small cap managers benefited from Conviviality’s rise. It came to the market in an initial public offering in 2013 at £1 […]
British Land submits planning application for Canada Water –British Land has entered into a Master Development Agreement with Southwark Council and submitted an outline planning application for the Canada Water Masterplan. Alongside the overall Masterplan the planning submission also includes a detailed planning application for the project’s first three buildings, which include workspace, homes (of […]
Scottish Mortgage took in £145m – Scottish Mortgage returned 25% in NAV terms over the year to 31 March 2018 and 21.6% in share price terms. These figures dwarf the return from the company’s benchmark, the All-World Index, which returned just 2.9% over the same period. The board is recommending a total distribution for the year of […]
