Trusts with exposure to Japan and commodities were the top performers in NAV terms last month, led by Baillie Gifford’s Shin Nippon trust, up by 10.5%. In its latest monthly roundup, investment trust analyst QuotedData has revealed the best performing closed-end funds for September were those with exposure to Japan and commodities. Read more here
Scottish Oriental Smaller Companies has released its results for the year ended 31 August 2016. The fund’s NAV total return was 31.5%, while the MSCI AC Asia ex Japan Index rose by 33.0% on the same basis. The share price increased in total return terms by 27.3% as the discount widened. Revenue return per share was 9.50p […]
Picton Property Income says it will receive a payment of GBP5.25 million following the final settlement of a dispute arising from guarantee provisions within an occupational lease at the Strathmore Hotel, Luton. The settlement will add just less than 1.0 pence per share on the forthcoming quarterly NAV for the period to 30 September 2016 […]
ICG Longbow has announced results for the six-month period ending 31 July 2016. The NAV increased to GBP111.1 million whilst the NAV per share has increased by 2.48 pence per share to 102.66 pence per share. The shares traded in a range of 99 pence per share to 104 pence per share finishing at a small […]
Phoenix Spree Deutschland has exchanged contracts to purchase a portfolio of four properties in Berlin. The fund has also completed the first apartment sale in its latest condominium programme in Boxhagenerstrasse, Berlin. The four Berlin properties are being bought for EUR18.75 million (GBP16.89million), excluding acquisition costs; representing a price per square metre of EUR1,970. Altogether they are […]
The Board of Electra Private Equity PLC has announced the outcome of the first phase of the review announced on 25 January 2016. The principal object of the review is to maximise long-term shareholder value by assessing Electra’s investment strategy and policy and its structure. The key outcomes of Phase I are as follows: On […]
NB Private Equity has announced a 26 cent uplift to its NAV as a result of the initial public offering (IPO) of its portfolio company Extraction Oil & Gas Inc (NASDAQ: XOG) which occurred on 11 October 2016. Extraction is a U.S. based energy company focused on the exploration and production of oil and gas reserves in […]
CogitalGroup, which is backed by HgCapital, has announced an investment in Baldwins and the launch of the new Group. CogitalGroup will consist of Blick Rothenberg, the former BPO Division of Visma and Baldwins. The Group will provide outsourcing, accounting, payroll, taxation, financial and other advisory services to a broad range of businesses including entrepreneurial businesses and high […]
Tritax Big Box REIT has announced that it has exchanged contracts to acquire the distribution warehouse and adjacent lorry parking facility at Oliver Road, Thurrock, both let to The Co-operative Group Limited. The purchase price for the Facility is GBP56.5 million (excluding purchaser’s costs), reflecting a net initial yield of 5.53% on the asset acquisition. Completion […]
Phase One drilling results from the Arzu Central target area at Kiziltepe, reveals continuity of mineralisation for at least a further 200m beyond the northern end of the current Arzu South pit and vein system appears to be increasing in width; says Dr. Kerim Sener. The initial round of drilling indicates significant mineralisation occurs within […]
