Alpha Pyrenees has provided an update on its situation as at the end of March 2016. The fund’s NAV has fallen again. KEY POINTS MATURITY OF BORROWINGS EXTENDED TO 31 OCTOBER 2016 TRUST HAS THE SUPPORT OF ITS LENDER FOR AN ORDERLY REALISATION OF ITS REMAINING PROPERTY ASSETS SALES PROCESS WILL NOT RESULT IN ANY […]
VinaLand Limited and Vinacapital Vietnam Opportunity have announced that they are divesting their stakes in Project Pham Hung. The project, acquired by VNL and VOF in 2007, is a 2.4 hectare parcel of land located in Hanoi and has planning approval for a future mixed use development. VNL will dispose of its entire stake at a total valuation 0.2% […]
That there was a bid for Alliance Trust announced on Tuesday was a lot less surprising for many commentators than that it was the Rothschild Investment Trust contemplating the offer. See more here
Personal Assets has announced results for the year ended 30 April 2016. Over the year to 30 April 2016 Personal Assets ‘s net asset value per share rose by 5.0%. This compares to a fall of 9.0% in the FTSE All-Share Index. Personal Assets ‘s share price rose by GBP21.80 or 6.2% during the year and at 30 […]
Drum Income Plus REIT has published figures for the six months ended 31 March 2016. The company’s net asset value as at 31 March 2016 was 92.9 pence per share. This represented a decrease in NAV of 7.1 pence per share (7.1%) since launch. In addition to costs of 2.3 pence per share incurred in […]
Globalworth has just published results for the year ended 31 December 2015 so these figures are somewhat out of date now. Its EPRA NAV rose by 12.2% over the year, mainly on the back of new acquisitions and the revaluation of development projects. The appraised value for the remainder of the portfolio was, on a like-for-like basis, marginally […]
Kefi Minerals has reduced the estimated funding required to build a mine at its 100%-owned Tulu Kapi gold project, in Ethiopia, from US$145.0 million in the 2015 definitive feasibility study to US$131.7 million, principally through a change in the life-of-mine plan. With an open pit processing ore by conventional CIL at a revised rate of […]
Fidelity China Special Situations has published results for the year ended 31 March 2016. For the year under review, the company’s NAV total return increased by 0.02% while the share price total return fell by 4.53%. The Benchmark Index, MSCI China, fell by 16.17%. The Board recommends a dividend of 1.80 pence (2015: 1.30 pence) per share for the year […]
Schroder European Real Estate has confirmed completion of the purchase of a convenience retail property located in Rodelheim (Frankfurt) at a purchase price of EUR11.05 million reflecting a net initial yield of 5.6%. The investment is well located in a growing inner urban area of Frankfurt am Main and is anchored by a 1,600 sqm Lidl supermarket […]
Schroder UK Mid Cap has published results for the six months ended 31 March 2016. The company’s net asset value produced a total return of 3.0%, compared to a total return of 2.2% for the company’s benchmark, the FTSE 250 (ex Investment Companies) Index. However the performance of the company’s share price disappointed during the period, […]
