Jupiter UK Growth is growing – Jupiter UK Growth, which was recently selected as a rollover vehicle for Jupiter Dividend & Growth, has published results for the year ended 30 June 2017, the first full year since Steve Davies took on the job of managing the company. The net asset value, with dividends added back, grew by […]
Sanditon results disappointing – Sanditon Investment Trust’s annual report for the year ended 30 June 2017 says it was a disappointing year for the company with the NAV falling to 100.5p, down 4.6% from last year’s 105.3p. They say that. combined with the dividend paid in December 2016 of 1.1p, this resulted in a loss of 3.6% […]
UK Mortgages cuts management fee – The board of UK Mortgages Limited has reached agreement with TwentyFour Asset Management LLP for a reduced portfolio management fee. With effect from the financial year beginning 1 July 2017 the annual portfolio management fee payable by UKML to TwentyFour will reduce to 0.60% of the lower of the […]
F&C UK Real Estate share price recovers post referendum – F&C UK Real Estate has released results for the year ended 30 June 2017. Its NAV total return for the year was 6.1% with a NAV per share as at 30 June 2017 of 100.1p, up from 99.2p at the prior year-end. The share price […]
UIL lags benchmark – UIL achieved a NAV total return per ordinary share of 7.7% for the year to 30 June 2017, underperforming the All Share, which was up by 18.1%. The Board maintained total dividends at 7.50p. The chairman points out that the majority of the funds ‘platforms’ (the companies that it has established to make investments through) have […]
Dramatic discount narrowing leads to bumper return for JPMorgan Global Growth & Income – JPMorgan Global Growth & Income reports that, for the year ended 30 June 2017, its NAV total return was 29.0%, which compares well with the 22.2% return posted by the MSCI AC World Index. in an analysis of the contribution of different […]
Aberdeen Frontier Markets experiences teething problems as moves to direct investment – Aberdeen Frontier Markets reports that, for the year ended 30 June 2017, the NAV rose by 13.7% in total return terms with the share price rising 16.7% as the discount narrowed. This compared to a gain of 19.7% for the MSCI Frontier Markets Index, […]
Hadrian’s Wall off to slow start – Hadrian’s Wall Secured Investments has published its first set of accounts for the period ended 30 June 2017. Its shares started trading on the London Stock Exchange on 20 June 2016 following an IPO that raised a net £78.4m. In addition, a C share issue on 31 May 2017 raised a further £44.3m. […]
Standard Life Property Income sells Elstree Tower – Standard Life Investments Property Income Trust has exchanged contracts to sell Elstree Tower in Borehamwood for GBP20m. The 80,700sqft office was valued at the end of June at GBP18m and is the second largest asset in the fund, and had the largest rent roll (GBP1,320,000pa) which was […]
Global Fixed Income Realisation gets cash for Indonesian asset – On 29 August 2017, Global Fixed Income Realisation Limited announced that it had been advised by the administrator of 3D Propco Limited that the underlying asset, the Bintan Lagoon Resort in Indonesia, had been sold. On 18 September 2017 the company announced that it has received […]
