Scottish Mortgage will be promoted to the FTSE100 list Update 1 March Scottish Mortgage announces that, in recognition of its continued growth and success, there will be a cut in the annual management fees for the company, effective from 1 April 2017. Scottish Mortgage already enjoys one of the lowest ongoing charges levels in the […]
RIT Capital Partners says its net asset value per share increased to 1,730 pence during 2016, representing a return of 12.1%. Its shares traded at a premium which averaged 4.6% during the course of the year and total shareholder returns amounted to 14.2%. The dividend was edged up to 31p from 30p. They intend to pay a […]
Law Debenture says its net asset value total return for the year to 31 December 2016 was up 16.9%, compared to a total return of 16.8% for the UK market. Revenue return per share was 18.56p (excluding group charges of 2.60p), an increase of 2.5% over the previous year, as a result of a 1.2% […]
Primary Health Properties says its EPRA NAV per share increased from 87.7p to 91.1p over the course of 2016. The dividend was raised from 5p to 5.125p. The first quarterly dividend of the new year has been set at 1.31pEPRA earnings per share were lower at 4.8p, down from 4.9p on the back of increased […]
Derwent London has published results for the year ended 31 December 2016. Its EPRA net asset value per share increased 0.5% to 3,551p from 3,535p at 31 December 2015, 1.3% lower than 3,598p at 30 June 2016. Net rental income increased 5.2% to GBP145.9m from GBP138.7m in 2015. EPRA earnings rose 8.9% to GBP85.7m from GBP78.7m last […]
British Land confirms that it and its joint venture partner, Oxford Properties, are in advanced discussions regarding the possible sale of their interests in The Leadenhall Building. British Land and Oxford Properties currently own The Leadenhall Building in a 50/50 joint venture. It is not certain that these discussions will lead to a sale of […]
Nick Train, one of Britain’s best-known fund managers, has acquired something of a cult following among retail investors and financial advisers in the UK. In the three weeks after meeting Mr Train, I come across two PR executives, one asset management chief executive and several friends who confide they have invested a chunk of their […]
intu has published results for the year ended 31 December 2016. It reported six per cent growth in underlying earnings per share (from 14.2p to 15.0p), an increased dividend (2.2% increase to 14p per share) and stable property values, leaving net assets per share (diluted, adjusted) unchanged at 404 pence. Net rental income rose from […]
Bluefield Solar says that, at the end of December 2016, its NAV had increased to 105.07 pps (30 June 2016: 99.39 pps). The WACC used to calculate the NAV was unchanged from December 2015 and June 2016 at 6.6%. They delivered underlying earnings of GBP11.7 million in the period. This enabled a fully covered first […]
Allianz Technology Trust reports that it underperformed its benchmark over the year ended 30 November 2016. The NAV increased in the period by 23.8%, finishing at 835.9p as at 30 November 2016 compared with 675.1p as at 30 November 2015. The benchmark index, the Dow Jones World Technology Index (sterling adjusted, total return), increased by 31.7% […]
