Schroder Real Estate says its NAV fell from 62.2p to 61.1p over the six months ended 30 September 2016. They are also reporting a 10% increase in underlying EPRA earnings per share to 1.3p. Based on the two 0.62p dividends they declared for the period, dividend cover is 106%. The NAV total return for the […]
HICL Infrastructure reports that over the six months to 30 September 2016 it delivered a 2.5% rise in NAV per share to 145.7p, up from 142.2p at 31 March 2016. Earnings per share were 6.1p (2015: 5.6p). Net operating cash flow of GBP60.9m (2015: GBP58.9m) covered the interim dividends paid in the six month period 1.26 times (2015: […]
Standard Life Equity Income says that, taken in isolation, its headline numbers for the year to 30 September 2016 do not make pleasant reading. The Net Asset Value Total Return for the year was 0.9%. By contrast, the FTSE All-Share Index returned 16.8%. Unsurprisingly, the share price has suffered over the last twelve months. The discount widened […]
Savannah Resources (SAV:AIM) Final results for the resource drilling program at the Mahab 4 prospect in Block 5, Oman reveal high grade zones of copper. Mahab Resource Drilling: [email protected]% copper, 0.62% zinc and 0.22 g/t gold from 109.1m. Mahab 4: [email protected]% copper, 1.13% zinc and 0.3 g/t gold from 18.6m incl. [email protected]% copper, 2.1% zinc and 0.4 […]
Trinity Capital says that its subsidiary, Trinity Capital Mauritius Limited, completed the realisation of its investments in Trinity Capital (One) Limited and Trinity Capital (Five) Limited on 15 November 2016. Disposal proceeds of GBP8.7 million were received by Trinity Capital Mauritius Limited. The only remaining investment is Trinity Capital (Ten) Limited, held together with Immobilien […]
In the year to 30th September 2016, JPMorgan Japanese’s total return on net assets was 36.0% in sterling terms, compared with the Tokyo Stock Exchange First Section (TOPIX) Index (the benchmark), which rose by 31.7%. The returns are calculated on a total return basis in sterling terms and were improved by the movement in the […]
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 […]
VinaCapital Vietnam Opportunity has made $40m by selling an unnamed asset valued at $60m in their books for $100m. They buyer is a newly formed consortium. VinaCapital Vietnam Opportunity expects to sign and close a Share Purchase Agreement within 21 days. VinaCapital Vietnam Opportunity will receive minimum net proceeds of USD100 million from the sale of the […]
Alcentra European Floating Rate Income Fund has published some figures for the period ended 30 September 2016. NAV per share increased from 103.04p as at 31 March 2016 to 103.88p as at 30 September 2016. They declared dividends of 2.94p. The manager says that the NAV of the company has remained relatively stable over the […]
Land Securities has published interim figures covering the six months ended 30 September 2016. Adjusted diluted net assets per share fell 1.8% to 1408p. The adjusted diluted earnings per share rose by 4.7% to 24.3p as revenue profits rose 4.5% to £192.5m. The main drivers of increased revenue profits were lower interest costs (which fell […]
