Scottish American has reported results for the year ended 31 December 2016. Its net asset value total return (capital and income) for the year was 29.9% and the share price total return was 28.7%. The total return from the global equity market was 29.6%. A final dividend of 2.725p is recommended which will take the full […]
The board of JPMorgan Japan Smaller Companies has agreed with the manager to reduce the management fee payable on the trust. The old fee was calculated as 1% of gross assets. The new fee is 1% on the first £150m of net assets and 0.8% on any net assets above the £150m level. The new […]
UK Smaller Companies was the only investment sector to lose money in 2016 despite a turbulent political and economic landscape, new research has revealed. See more here
In a brief statement this morning, it was announced that Stuart Widdowson had resigned as manager of Strategic Equity Capital. At the time of writing the shares are off 6%. The full text of the announcement is reproduced below. The Board of Strategic Equity Capital plc (the “Company”) announces that it has been informed by […]
Investors looking forward to a period of calm in 2017 might be disappointed, but David Prosser has the trusts experts are backing to navigate further storms. Having just been through a year of unprecedented political upheaval that sent financial markets spinning, many investors will be assuming 2017 cannot possibly be so tumultuous. The reality, however, […]
Gemfields (GEM:AIM) Announces second quarter operational update for the period ending 31 December 2016. Production at the 75% owned Kagem Mine was 4.7 million carats of emerald and beryl with an average grade of 156 carats per ton, versus the quarter ending 31 December 2015 of 8.2m carats with an average grade of 272 cpt. […]
Henderson Opportunities says its Net Asset Value total return for the year ended 31 October 2016 was 0.4%, while the UK market returned 12.2%. Its discount widened significantly over the course of the year, to stand at 17.5% at the year end. The total dividend for the year is 19.00p an increase of 5.6% on the previous year. The […]
Dunedin Enterprise Investment Trust PLC has realised its investment in Steeper Holdings Limited the UK’s leading supplier of rehabilitation services including prosthetic, orthotic and electronic assistive devices and services. Capital and accrued interest in Steeper was valued at GBP3.9m as at 30 September 2016, the last published valuation. Total initial proceeds from the sale amounted […]
Foresight Solar Fund has completed its largest acquisition to date with the purchase of a 100% interest in a 50MW alternating current (“AC”) export capacity operational UK solar asset, representing 72MW of installed peak capacity. Shotwick solar farm, located in Flintshire, is the largest operational solar asset in the UK. It was connected to the Grid […]
The Board of Polar Capital Global Healthcare has announced that following initial consultation with shareholders it has been working with its advisers and its investment manager, Polar Capital, on options for the future of the company. Any such proposals would be expected to include the opportunity for shareholders to continue their exposure to the healthcare sector in […]
