News

16 Mar 2016

European Assets hikes dividend by 20%

European Assets Trust recorded a Sterling net asset value total return for the year of +20.5% (26.9% in Euro terms), a Sterling share price return of +20.4% and a Euro dividend increase of +20.3% for the year ended 31 December 2015. The Euromoney Smaller European Companies (ex UK) Index returned 17.2% (23.4% in Euro terms). The Board […]

16 Mar 2016

Progress for Wolf at Drakelands

Wolf Minerals has reported its first financial results since commissioning the Drakelands tungsten/tin mine in September 2015. The company recorded a loss for the six months to 31 December 2015 of A$24.2 million (approximately £12.8 million), equivalent to 1.6 pence per share. The mining operation and processing plant are still ramping up to full production, […]

16 Mar 2016

John Laing Infrastructure lowers its discount rate

John Laing Infrastructure reports that its NAV at the end of December 2016 was 108.4p. In late February 2016, they announced a dividend of 3.41 pence per share for the second half of 2015, an increase of 1.04% on the previous dividend of 3.375 pence per share. This results in a total dividend payable in respect […]

16 Mar 2016

Mirland still renegotiating its debt

Mirland has reported its results for the year ended 31 December 2015. Total assets as at 31 December 2015 decreased by 23.7% to US$577.4 million, as compared to US$756.6 million as of 31 December 2014. Equity as at 31 December 2015 was a negative US$(19.3) million compared to US$141.4 million the preceding year. The Company’s […]

16 Mar 2016

Investors nursing losses from star backed peer-to-peer trusts

Investors seeking returns from peer-to-peer lending have been subjected to big swings in share prices since the turn of the year. Peer-to-peer investment trusts have moved from large premiums to discounts as uncertainty has hit the still developing sector. http://www.telegraph.co.uk/investing/funds/investors-nursing-losses-from-star-backed-peer-to-peer-trusts/

15 Mar 2016

Greencoat UK Wind and partners buy half of Clyde wind farm

Greencoat UK Wind has announced that it has entered into an agreement to acquire 49.9% of Clyde Windfarm (Scotland) Limited from SSE for a headline consideration of £355m, together with GMPF & LPFA Infrastructure LLP, the infrastructure investment joint venture between Greater Manchester Pension Fund and London Pensions Fund Authority. UKW will acquire 28.2% of […]

15 Mar 2016

Hansteen posts 17% return for 2015

Hansteen’s results for the year ended 31 December 2015 have been published. Its EPRA NAV per share increased by 9% to 111p to give a total return of 17.3%. Full year dividend increased by 5.0% to 5.25p per share. The Normalised Income Profit or NIP, which excludes profits or losses from the sale of properties, essentially […]

15 Mar 2016

NB Private Equity reports record distributions in 2015

NB Private Equity reports that, at  31 December 2015, its NAV per Share was $14.35, up from $14.24 NAV per Share at 31 December 2014. this translated into a 4.9% NAV total return during 2015. They say this was driven by unrealised gains on private equity and public holdings as well as cash and payment-in-kind (“PIK”) interest on its income investment portfolio. […]