BACIT plans to expand its investment policy and grow its assets under management with a couple of deals. This will nudge the fund towards becoming more of a life sciences company. BACIT is hoping to acquire Syncona LLP, a limited partnership vehicle founded by Wellcome Trust. this has an existing portfolio of life science investments. The […]
International Biotechnology Trust outperformed the Nasdaq Biotech Index over the year to the end of August 2016 as the fund’s NAV return was -1.7% against -3.8% for the index. Unfortunately, the discount widened from 5.7% to 13.5% and therefore the return to shareholders was -9.8%. Quoted portfolio The quoted portfolio outperformed the NBI by 1.1% in the […]
Over the year to 31 August 2016, Chelverton Growth Trust’s NAV increased from 54.95p to 62.53p – an increase of 13.79% a significant outperformance over the Company’s benchmark index, the MSCI Small Cap UK Index which rose by 3.78%. On the share price, the chairman says “It would be my reasonable expectation that the share […]
The Board of AXA Property Trust Limited is pleased to announce that the company, together with its joint venture partner, has entered into a binding contract for the sale of the property at Agnadello, Italy. The sales price reflects a discount of 1.3% below the asset’s independent valuation as at 30 September 2016. Completion is […]
The Board is pleased to announce that Rodenhurst Estates Limited (the property owning subsidiary of Highcroft Investments PLC) has today agreed the sale of a freehold warehouse on the Heathcote Industrial Estate, Warwick to a private investor. It is expected that contracts will be completed within one month. Built in the early 1990’s, the property […]
Biotech Growth’s net asset value per share increased 20.5% during the six month period ended 30 September. The Company’s benchmark, the Sterling-adjusted NASDAQ Biotechnology Index, increased 23.2% during the same period. The Company’s share price increased 21.7% during the period. Currency movement contributed significantly to performance, as the Dollar appreciated 10% relative to the Pound […]
Anglo Asian Mining Plc (AAZ:AIM) Gold, copper and silver production & exploration in Azerbaijan; the company posted an updated investor presentation today. The presentation provides details of the all in sustaining costs per ounce of gold produced at their Gedabek mine in Western Azerbaijan. Target production for the full year to 31 December 2016 is 73k – […]
Highland Gold Mining (HGM:LSE) Three operating mines in Russia and a pipeline of promising development projects. 9-months production 191,752 oz AuEq (2015:191,408 oz ). Q3 production 63,096 oz AuEq, 11% decrease from Q3 2015. Mnogovershinnoye: Recovery rates improved to 92.1% from 91.9% Q3 2015. Average grade improved to 2.42 g/t from 2.22 g/t in Q3 […]
For the year to 31 August 2016, Edinburgh Dragon’s NAV rose by 31.9% on a total return basis. This was slightly less than the MSCI All Country Asia (ex Japan) Index ‘s increase of 33.0% in sterling terms. Most of these returns were generated in the second half of the year when Edinburgh Dragon’s performance picked up, […]
3i Infrastructure says it generated a total return of GBP74 million in the six months to 30 September 2016, or 5.0%, in line with its target of 8% to 10% per annum to be achieved over the medium term. Foreign exchange movements in the period, following the depreciation of sterling, contributed 1.2% to the total return. […]
