The World Gold Council (“WGC”) reported some good news for gold this morning in its quarterly “Gold Demand Trends” publication for Q3 2015. Gold demand climbed 8% to 1,121 t from Q3 2014 as demand for jewellery grew 6% year-on-year with lower prices during July and early August attracting consumers. The quarter under review was […]
Centamin has reported EPS of USc0.55 for Q3 15, down significantly from the USc1.39 posted in the corresponding quarter of 2014, and the EPS of USc2.50 in Q1 15 and USc1.65 in Q2 15. Despite a 13% increase in gold production in Q3, to 105 koz, and cash costs that were generally in line with […]
Chelverton Growth Trust has announced results for the year ended 31 August 2015. Unfortunately the fund underperformed its benchmark index – the net asset value rose by 6.95% while the MSCI UK Small cap Index rose by 9.77%. Since the year end though they have had some good news as their largest investment (37% of […]
Hg Capital has announced that it has agreed the sale of Casa Reha, a leading private German provider of elderly care services, specialising in high quality, assisted living, to Euronext-listed Korian, a leading European provider of elderly health care services. Completion is subject to regulatory approval. Hg Capital Trust will realise cash proceeds of approximately […]
Land Securities has announced interim results covering the six months ended 30 September 2015. The adjusted diluted NAV rose 5.7% to 1367p (total return 7.0%) while the adjusted diluted EPS rose by 8.4% to 23.2p helped by a fall in vacant space within the portfolio (from 3.2% to 2.8%). The dividend is being increased by 3.2% […]
Globalworth Real Estate Investments Ltd has announced the acquisition of Skanska’s second building in the Green Court Bucharest project. The gross transaction value is approximately Euro 47 million. Closing of the acquisition is expected in December 2015. Green Court Bucharest is a prestigious, newly built class-A office park comprising three buildings, strategically located in Bucharest’s new […]
Ranger Direct Lending, which listed in May and is still only 76% invested (as at 9 November), says it is planning a C share issue to raise up to £135m. They say they anticipate full deployment of Ranger’s equity capital by early December, within its stated target of fully deploying the net proceeds raised at IPO […]
Securities Trust of Scotland generated a return on net assets of -10.7% over the six months ended 30 September 2015. By contrast, the fund’s benchmark, MSCI World High Dividend Yield Index, returned -9.1%. The discount widened from 5.75 to 7.5% and so the return to shareholders was -12.5%. The dividend was increased from 2.3p to […]
British Empire underperformed its benchmark over the year that ended on 30 September 2015, delivering a total return on net assets of -8.3% against a -5.6% return for the MSCI All Country World ex-US Index. The Morningstar Investment Trust Global Index rose by 3.7% over the period. The discount widened slightly from 10.3% to 11.6% (despite them […]
Empiric Student Property is paying £40m to acquire Windsor house in Cardiff. The property, which is Empiric’s fourth acquisition in Cardiff, is located directly opposite the Group’s existing Summit House property on Windsor Place, in the city centre within a ten-minute walk from the University of Cardiff. Cardiff is also home to Cardiff Metropolitan University […]
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