FastForward has published accounts for the year ended 31 March 2016. This has been a transformative year for the company as it adopted a new investment strategy. The net assets of the Company at 31 March 2016 were £10,277,000 (2015: £463,000), equal to 7.85p net assets per Ordinary Share (2015: 1.69p net assets per Ordinary Share). The share […]
JPMorgan Japanese says for the six months ended 31st March 2016 the total return to shareholders was +8.5% in sterling terms, with a total return on net assets of +14.2%, compared with a rise in the Company’s benchmark of +8.3%. The manager says the outperformance versus the benchmark was due primarily to stock selection and, […]
JPMorgan Chinese beat its new benchmark over the six months ended 31 March 2016 – generating a return on net assets of 6.8% against 6.2% of for MSCI China (from 26 January) and MSCI Golden Dragon (before 26 January). Had they stuck to the MSCI Golden Dragon Index though, the fund would have underperformed (the six […]
F&C Capital & Income has published figures for the six months ended 31 March 2016. Over this period on a total return basis, the company’s net asset value per share rose by 4.8% against the FTSE All-Share return of 3.5%. On the same basis, the share price of the company rose 3.8% as the premium to […]
UK Mortgages Limited and TwentyFour Asset Management LLP have created Malt Hill No.1, a public securitisation backed by buy-to-let mortgages originated by Coventry Building Society Group. These mortgages were purchased in November 2015 by UK Mortgages Corporate Funding Designated Activity Company. The securitisation transaction was announced on 23rd May, with a view to price the Class A notes […]
Gemfields plc achieved a record US$5.15 per carat for lower quality rough emeralds at its latest auction held in Jaipur, India, last week. The company sold 14 lots (out of 18 offered) comprising 2.78 million carats, representing 76% of gemstones offered. The auction raised revenue of US$14.3 million. The gemstones were mined by the company’s […]
Invesco Perpetual Select Trust plc has announced that the Directors have agreed with the company’s Manager, Invesco Fund Managers Limited, an amendment to the fees payable under the Investment Management Agreement. The amendment is to the fee payable on the Managed Liquidity portfolio, which will reduce from an annual rate of 0.25% to 0.12% of […]
Investors Capital has released results for the year ended 31 March 2016. The Company’s Equities Portfolio produced a total return of -2.4 per cent. during the year to 31 March 2016, while the Higher Yield Portfolio returned 1.1 per cent. Returns from the Equities Portfolio and the Higher Yield Portfolio, combined with the effect of […]
VinaLand and VinaCapital Vietnam Opportunities are selling their stakes in the Danang Golf Project. The project, acquired by VNL and VOF in 2006, is situated in Danang on 219.8ha of land and includes a completed 18-hole golf course with related facilities as well as residential dwellings, some of which are currently under construction. The project site […]
Target Healthcare REIT Limited has announced that it has completed the acquisition of a modern, purpose built care home in Southport, Merseyside for approximately GBP6.6 million including acquisition costs. The home, Parklands Lodge, is newly constructed having opened its doors to residents in early May. It comprises 67 bedrooms with full ensuite bathrooms including wetroom […]
