JPMorgan Global Growth & Income, which recently switched to the Global Equity Income sector, had a great six months in H2 2016. The return on net assets, at +23.0%, was well ahead of the benchmark, the MSCI AC World Index expressed in sterling terms, which returned +15.3%. A significant narrowing of the discount meant that […]
Ariana Resources (AAU:AIM) Completed a resource-focused target generation for the Tavsan Project which is part of the Red Rabbit 50% joint venture with Proccea Construction Co. Sixteen target areas were identified, including the following important drill intercepts: [email protected] g/t Au + 6.83 g/t Ag, [email protected]/t Au + 3.67 g/t Ag and [email protected] g/t Au + 4.32g/t Ag, […]
Over the six months to 31st December 2016, JPMorgan Emerging Market’s benchmark index, the MSCI Emerging Markets Index (in sterling terms), rose 13.0%. For the same period, the company produced a total return on net assets of +7.4%. The return to shareholders over the first half of the financial year was higher, at +10.2%. This reflects a […]
Over the six months to 30 November 2016 the Net Asset Value per share of Jupiter European Opportunities rose by 1.2 per cent. This performance was behind the return on the benchmark index, which increased by 10.9 per cent. over the same period. It would be tempting to attribute this short period of underperformance to […]
Standard Life Investments Property Income Trust has completed the purchase of an industrial investment in Sunderland for GBP5.5m, representing an initial yield of 6.4%. The property is located close to the Nissan assembly plant and is let for a further 5 years to a major supplier for Nissan. The property has planning permission for a […]
Amerigo Resources (ARG:TSX) Reported year end and Q4 2016 financial results. Gross tolling revenue for 2106 grew to US$124.4m from US$73.8m for 2015. The increase in revenue was due to a 52% increase in copper production to 56.8m lbs versus 37.3m lbs in 2015. Cash costs declined to US$1.73/lb from US$2.18/lb in 2015 due to […]
LondonMetric Property has announced the acquisitions of a regional distribution warehouse in Wakefield for £9.5 million and a last mile distribution warehouse in Dartford for £6.3 million; reflecting a blended NIY of 5.8% and a reversionary yield of 6.4%. At Wakefield, LondonMetric has acquired a well specified 120,000 sq ft regional warehouse located on a […]
The Renewables Infrastructure Group has announced a total shareholder return for 2016 of 15.7% on a share price basis and 9.3% on a NAV basis. The NAV rose to 100.1p (2015: 99.0p). Excluding the impact of the accelerated payment of an additional quarter’s dividend during the year, NAV per share increased by 2.6p. Dividends of […]
Alliance Trust has released a statement in an attempt to clear up any perceived conflict of interest in the appointment of Willis Towers Watson. We have reproduced this in full below: As announced in May 2016, the Board of Alliance Trust undertook a Strategic Review of the Trust to determine its future direction. The Board […]
Vast Resources (VAST:AIM) Quarterly production and operations update for the three months ended 31 December 2016, for their mines in Romania and Zimbabwe. Their 50.1% owned Manaila Polymetallic mine in Romania saw a 44% increase in copper concentrate production over the previous quarter, producing 889 tonnes at an average 19.5% copper. Zinc concentrate production increased […]
