Dolphin NAV’s crashes as Aristo takes its toll Annual Financial Results for the year ended 31 December 2016 show that Dolphin Capital, an investor in high-end residential resorts in the eastern Mediterranean, saw its gross Assets of drop to EUR466 million (2015: EUR911 million). The sterling NAV per share as at 31 December 2016 stood at 25p before […]
The PRS REIT plc, a closed-ended real estate investment trust established to invest in the Private Rented Sector, has today announced its intention to seek admission to trading on the Specialist Fund Segment of the Main Market of the London Stock Exchange plc and an associated fund-raising of up to £250 million by way of a […]
Following its recent successful placing, Real Estate Credit Investments is pleased to announce that it has made a new GBP20m loan commitment as part of an overall Cheyne transaction providing a senior facility secured against a high quality residential development asset in central London. The conservative Loan to Gross Development Value (LTGDV) is under 50% […]
Impact Healthcare REIT has completed the acquisition of the Core Seed Portfolio and the Mulberry Portfolio for a total consideration of GBP148,754,000. All outstanding lending facilities have been repaid in full and the Seed Portfolio has been acquired debt-free by the Company. The terms of the acquisition are in accordance with the prospectus published by […]
Invesco Asia Trust has announced that, as its discount was wider than 10% on average over the year to 30 April 2017, a tender offer for 15% of its shares at a 2% discount has been triggered. The average discount over the measurement period was 10.9%. The record date for participation in the tender offer […]
Damille II says that it notes the announcement by Sistema this morning and the fall in the share price of Sistema as a result (see below). The company holds 1,599,452 shares in Sistema and this holding accounted for 40.19 per cent of the NAV as at 31 March, 2017. The company acquired its holding in Sistema […]
Sirius Real Estate has completed the sale of its Rupert Mayer Strasse business park in Munich for EUR85 million to Munich based Fiduciary Capital and the agreement to lease back and manage the asset for six years. Notarisation of this transaction was first announced on 6 January 2017. Rupert Mayer Strasse business park has approximately […]
The Board of Golden Prospect Precious Metals Limited is reviewing, with its advisers, a potential bonus issue of subscription shares to existing shareholders on the basis of one subscription share for every two existing ordinary shares held on the record date for the bonus issue. Each subscription share would confer the right (but not the […]
The Board of Geiger Counter Limited is reviewing, with its advisers, a potential bonus issue of subscription shares to existing shareholders on the basis of one subscription share for every two existing ordinary shares held on the record date for the bonus issue. Each subscription share would confer the right (but not the obligation) to […]
For fourteen consecutive years BlackRock Smaller Companies has outperformed its benchmark and increased its dividend. Over that period, the NAV has grown nearly ten-fold whereas the benchmark has almost quadrupled. The compound annual increase in dividends paid over the past five years has been 20% per annum. During the year to 28 February 2017, the NAV increased […]
