Randgold Resources has reported attributable gold reserves at the end of 2015 of 14.6 Moz, a 3.5% reduction after depletion from the previous year. The average grade of reserves remained at 3.6 g/t using a gold price of US$1,000/oz. The largest reserve base is at Kibali, (45%-owned) in DRC, where reserves were 4.7 Moz of […]
The Board of Empiric Student Property has announced that the group has acquired the land and entered into a forward funded development agreement for a 115 bed, premium student accommodation development in York for a total funding commitment of £11.1m. The property, Empiric’s first in York, is located between York city centre and the University of […]
Aseana Properties Limited announces that it has agreed to dispose of the Aloft Kuala Lumpur Sentral Hotel to Prosper Group Holdings Limited. The gross transaction value is approximately RM418.7 million (approx. US$104.6 million), which includes the purchase of the entire issued share capital of ASPL M3B Limited and Iringan Flora Sdn Bhd (the “Aloft Companies”), and […]
Dunedin Income & Growth says it recorded its first year of negative absolute returns since the banking crisis of 2008/09 with a NAV Total Return of -11.5%. This meant it underperformed the FTSE All-Share Index by 6.9%. The Board is proposing a final dividend of 3.675p per share which will make a total dividend of 11.4p […]
The Board of Lindsell Train Investment Trust has announced that it has agreed with Lindsell Train Limited an amendment to the calculation of the investment management fee described in the Investment Management Agreement dated 13 August 2014. Under the current Investment Management Agreement, Lindsell Train Limited as the manager is entitled to receive an investment management […]
http://www.cityam.com/237716/gold-bullion-is-rising-and-shares-in-gold-miners-have-powered-ahead-too-are-mining-stocks-the-shining-investment-of-2016 Gold bullion is rising and shares in gold miners have powered ahead too. Are mining stocks the shining investment of 2016? Gold bullion has been among the best-performing investments so far this year, as prices rose 18 per cent from the start of January up to mid-March. Since gold’s low of $1,050 an ounce in […]
Fidelity Asian Values says, over the six months to 31 January 2016, the company’s net asset value strongly outperformed the MSCI All Countries Asia ex Japan Index. The company’s NAV returned 3.1%, compared with a fall of 6.6% for the index. The share price return was 1.2%, the discount having widened from 10.7% at the start […]
For the six months ended 31st January 2016, JPMorgan Global Emerging Markets Income reported a 12.9% decrease in net assets per share. This compares with a decrease of 8.7% from the MSCI Emerging Markets Index (in sterling, with net dividends reinvested). The Chairman’s statement describes this as disappointing. The company’s share price has now moved […]
NewRiver Retail Limited confirms that it is in advanced negotiations with a vendor which may or may not lead to the acquisition of the Broadway shopping centre and Broadway Square in Bexleyheath town centre, London Borough of Bexley for approximately £120m (subject to negotiation). The assets under consideration total 525,000 sq. ft. across an 11-acre site and […]
City Merchants High Yield has announced results for the year ended 31 December 2015. The fund produced a total return on net assets of 2.7% and a return to shareholders of 0.9%. The dividend was maintained at 10p. According to data from Merrill Lynch, European currency high yield bonds had a total return for the […]
