Dolphin Capital Investors has entered into an agreement for the disposal of its Playa Grande Golf and Resort project, including the Amanera resort, in the Dominican Republic to Third Point LLC. The deal is being done an enterprise value of EUR140 million which represents a 10% discount to the project’s carrying gross asset value as at […]
M&G is offering investors in its High Income investment trust options to move to different vehicles as it prepares to wind up in March 2017, including the JP Morgan Elect trust as a closed-ended option. The firm has offered investors in the trust, currently managed by Richard Hughes, two options – open and closed-ended – following […]
This year has been a tumultuous year for markets and the investment trust sector has not escaped the action. After three years of strong demand supporting discount tightening, 2016 saw discounts to net asset value (NAV) go back out at the start of the year due to concerns over China, then over the forthcoming referendum […]
Donald Trump’s success in the 2016 US Presidential Elections has led to investment trust shares prices in the healthcare sector to soar today, while Latin American funds, which had recently seen strong performance, are among the biggest losers. Republican candidate Donald Trump was named the 45th President of the US earlier this morning and markets […]
The Woodford Patient Capital trust has enjoyed a 4 per cent boost to its NAV following the election of Donald Trump to the White House. The Woodford fund was among the top-10 investment trusts on the day after the US election, with many of the best performing being focussed on biotech. read more here
LONDON (Alliance News) – The best performer in both price and net asset value terms in the third quarter was UIL Ltd, boosted by its largest investment, Australian-listed Resolute Mining Ltd, which benefited from a strong gold price. Industrial Multi Property Trust PLC and Kubera-Cross Border Fund Ltd both saw recoveries in their share price […]
In a world of continued record low interest rates and low bond yields it’s no surprise that investors have been piling into equity income funds. But do investment trusts offer a more attractive route than their closed-ended peers? read more here
Northern Investors’ NAV rose 6.3% from 685.4p to 728.6p over the six months ended 30 September 2016. The share price rose by 33% to 845p, putting the shares on a premium of 16%. Including funds distributed through the March 2016 tender offer (GBP15.3 million) and the July 2016 dividend (GBP0.6 million), the total cash returned to […]
Serabi Gold (SRB:AIM) (SBI-CN) In the quarter the company was able to achieve record production, reduce debt and dramatically increase profit for the nine months ended September 30, 2016. The company achieved record Q3 2016 gold production of 10,233 oz, compared to 9,896 in Q2 2016. The addition of a third ball mill, a second flotation […]
As at the half year to 5 October 2016, Capital Gearing Trust’s net asset value per share was 3,647.0p compared to 3,382.0p as at the last year end on 5 April 2016, an increase of 7.8%. This compares with increases of 15.6% in the MSCI UK and of 17.9% in the sterling MSCI World Index. RPI […]
