Gabelli Value Plus+ says that, over the six months ended 30 September 2016, a moderate rise of 6.4% in the S&P 500 Index was boosted by the pound’s weakness to a 18.1% return in sterling terms. The NAV total return, which was 17.2% during the period, slightly lagged this index. The share price total return during […]
I don’t know whether fund management legend Neil Woodford was in favour of Trump or Clinton, or wished a plague on both their houses, and nor do I care (writes Harvey Jones of Motley Fool). However, Donald Trump’s shock victory has given Mr Woodford something to celebrate, by applying much-needed balm to his Achilles’ heel. read more […]
Target Healthcare REIT Limited has exchanged contracts to acquire a purpose-built care home located in the town of Sutton-in-Ashfield, Nottinghamshire. The home will be acquired for approximately GBP5.6 million including acquisition costs. The transaction is expected to conclude by April 2017 once the build has been completed and the home has been fitted out to specifications. […]
NextEnergy Solar hopes to double in size and, as a first step, it is planning a £104m share issue. At 30 September 2016, NextEnergy Solar had net assets of £350.1m (up from £283.1m at 30 June 2016) and the NAV per share had increased from 98.7p to 100.4p over that period. They expect to publish […]
Caledonia Mining has reported adjusted EPS of US4.4c for Q3 16, a 59% increase on Q3 15, taking EPS for the year to date to US13.0c, from US7.2c in 2015. The improved performance comes on the back of a 23% increase year-on-year in gold production at the Blanket mine to 13.4koz, taking the total for […]
Jubilee Platinum Plc (JLP:AIM) Released results for the year ended 30 June 2016. Loss for the year was 3.67m vs 3.44m for 2015. Total comprehensive 2016 loss improved to (£1m) vs loss of (£7.94m) in 2015; due to exchange rate differentials on foreign operations. There was an improvement in gross profit at 865k vs 23k […]
Funding Circle SME Income Fund has published a set of accounts covering the period from 1 April 2016 to 30 September 2016. At the end of the period, the NAV was 99.64p, the share price 102.5p and the shares were trading at a premium of 2.9%. They say that the company has successfully deployed GBP151.9 million […]
Henderson Far East Income’s NAV just underperformed its benchmark by 2.2% over the year ended 31 August 2016. The net asset value total return was 32.1% whilst the share price total return was 33.4%. In local currency terms, the markets returned 11.3% highlighting the significance of the weakness of sterling pre and post the UK’s vote […]
Gem Diamonds Limited (GEMD:LSE) The company is on track to achieve full year production guidance at Letšeng, despite extreme weather disruptions. In Q3 2016: 24,388 carats were recovered at Letšeng, compared to 28,682 carats in Q2 2016. The weather conditions restricted access to the pits, therefore ore was sourced from surface stockpiles which resulted in a reduction […]
As M&G High Income nears the maturity date of its zero dividend preference shares (in March 2017), its board has been considering its future. Today they have announced that they intend to put forward proposals for a reconstruction of the company. They’ll publish more detailed proposals early in 2017. Closed-ended rollover into JPMorgan Elect Conscious […]
