CIP Merchant Capital takes Saffron Energy stake – CIP Merchant Capital has made its first investment following its admission to trading on AIM in December 2017, agreeing to subscribe for, in aggregate, GBP6.0 million worth of shares in Saffron Energy Plc. Saffron is an AIM quoted European gas company with interests in Northern Italy. It is […]
HBM Healthcare tops biotech trust league in 2017 Swiss-listed HBM Healthcare Investments (HBMN.S) can claim to have been the best performing biotech-specialist closed-end fund in 2017, according to an analysis by Marten & Co. The CHF1.1bn trust run by Swiss healthcare investment specialist HBM saw its share price rise from CHF99 to CHF134 last year […]
JPMorgan Russian dividend up 50% as it beats benchmark – The Russian market was up by 8.4% over the year ended 31 October 2017 (benchmark index RTS). JPMorgan Russian’s return on a net assets basis outperformed the benchmark by 1.4% returning 9.8%. The return to shareholders also outperformed the benchmark, with a rise of 13.1% […]
Chenavari Toro suspends buybacks until it can find other buyers – Chenavari Toro Income Fund says that, for the year ended 30 September 2017: The NAV total return was 8.92% and the share price total return was 10.75% (2016: 3.27% and -15.23% respectively). During the year, the NAV increased by 2.54% (2016: -4.10%) to close at 99.85 […]
Dolphin Capital sells Sitia Bay project – Dolphin Capital Investors says that it has entered, on 18 January 2018, into an agreement for the disposal of its 77.8% interest in the Sitia Bay Resort project, the Group’s residential resort development in Sitia, eastern Crete, to its minority partner in the project, Iktinos Hellas S.A. EUR1.4m […]
JPMorgan Income and Capital liquidates portfolio ahead of possible rollover – JPMorgan Income & Capital Trust launched as a split capital trust in March 2008 with a fixed life ending on 28 February 2018 (the “Termination Date”). The Company’s portfolio (the “Portfolio”) has seen strong performance in recent months and, in light of the upcoming […]
CatCo takes new big hit from California wildfires – Markel CATCo Investment Management Ltd., manager of CatCo Reinsurance Opportunities, says the ordinary shares are exposed to potential losses related to the Tubbs, Atlas, and Mendocino wildfires that impacted parts of Northern California, U.S.A. during October 2017. Recent estimates have indicated a substantial increase to insured industry […]
River & Mercantile UK Micro Cap describes stunning year – The NAV total return of the River & Mercantile UK Micro Cap portfolio for the year ended 30 September 2017 was 45.30%, which compares with the total return of 21.26% posted by the benchmark index. Therefore the NAV per share closed at 183.42p, compared to […]
Small cap positions help CC Japan Income outperform – CC Japan Income & Growth reports that, over the financial year to 31 October 2017, and expressed in pounds sterling on a total return basis, the share price rose by 27.2% while the Net Asset Value per share increased by 20.7%. The Topix Total Return Index returned 10.1% […]
Investment Trust Insider on Scottish Mortgage – The investment company industry had a good 2017. Money flooded into the sector; we got a couple of new and potentially fast-growing sub-sectors in the form of social housing and biotech debt; discounts narrowed; and, in general, performance was pretty good. By my reckoning, the average equity-focused investment […]
