Funding Options, one of GLI Finance’s investments, has been recommended by the British Business Bank to go forward for designation by HM Treasury for the Bank Referral Scheme. Announced within HM Treasury Budget 2016, businesses that are rejected for finance by high-street banks will be able to access new options, with the Budget announcing that […]
The Board of Altin has announced that, at the EGM held on Friday, all of the proposals put forward by Alpine Select and its associate were rejected by shareholders. We understand that the vote was quite decisive. As promised, the Altin Board did agree that Thomas Amstutz, one of the directors that Altin put forward, […]
Jupiter Global’s board has decided to seek shareholders’ approval for a change in both the company’s investment strategy and name with effect from the general meeting of shareholders which has been convened for next month. These changes are the subject of a circular which has been posted alongside the Half Year report. This is an important […]
Fundsmith Emerging Equities has published results for the year ended 31 December 2015. The MSCI Emerging and Frontier Markets Index, measured on a net sterling adjusted basis, fell by 10.0% over the year. The Company’s net asset value per share outperformed the benchmark but fell by 7.0% itself (after expenses). The Company’s share price also fell, […]
GLI Alternative Finance announces that GLI Asset Management Limited, its Investment Manager, has changed its name to Amberton Asset Management Limited (“Amberton”). This follows the change in ownership structure of the Investment Manager as disclosed on 16 February 2016. In addition, Amberton is pleased to announce the appointment of Graham Glass as lead manager to the […]
Over the year to the end of January 2016 Baillie Gifford Shin Nippon’s net asset value per share (after deducting borrowings at fair value) rose 25.4%, whilst the comparative index, MSCI Japan Small Cap Index (total return in sterling terms), rose by 10.9% in sterling terms. The share price increased by 39.6%. The manager says, […]
Starwood European Real Estate Finance has published results for the year ended 31 December 2015. The NAV and share price total return in the period were 7.58% and 8.22% respectively. At the year end, the shares were quoted at 107.63 pence per share, being a premium of 7.17% to the net asset value per share of […]
LondonMetric Property has announced that it has acquired three distribution warehouses for £21.8m, totalling 212,600 sq ft and reflecting a net initial yield (“NIY”) of 6.6%, which contractually rises to 6.9% within two years. The warehouses are located in Castle Donington, Royston and Hemel Hempstead and are let to toy retailer Hamleys, Howdens and Goodrich respectively for […]
After the repayment of the Mansion loan, as notified on 8 March 2016, the ICG Longbow has redeployed the proceeds through the completion of a new £22.4m loan to Commercial Regional Space Limited and affiliates on 16 March 2016. The loan has a maturity date of April 2019 and represents 19.96% of the Company’s gross assets […]
India Capital Growth outperformed its benchmark, the S&P BSE Mid Cap Index, over the course of 2015 – generating a return on net assets of 8.6% against a 7.7% return on the index. Unfortunately though the discount widened from 18.7% to 24.4% and so the share price was up 1%. With the exception of Financials, […]
