Montanaro European Smaller Companies Trust has announced that it has entered into a €10m term loan facility agreement with ING Bank N.V., London Branch (“ING”) for the purpose of pursuing its investment objective. The facility has been fully drawn down today and is in addition to the existing €15m term loan facility the Company already has […]
Jupiter US Smaller Companies reports that its NAV per share fell 4.8% in the six month period to 31 December 2015, compared to a drop of 3.3% in the Company’s benchmark, the sterling-adjusted Russell 2000. The worst performing sector in the six month period was energy, falling 41% as oil prices collapsed once again, after […]
Foresight Solar Income Fund is reporting its results for the year ended 31 December 2015. The net asset value dipped a little – from 100.9p to 99p. earnings per share were 5.91p but they are still planning to pay 6.1p of dividends for the year and are targeting a full year dividend for the period […]
Macau Property Opportunities Fund has published its results for the six month period ended 31 December 2015. MPO’s portfolio value declined 12.3% over the period to US$405.7 million amid the slowdown in Macau’s economy driven by a weak gambling market which affected the property market. The adjusted NAV was US$245.5 million, translating to a per share value of […]
Kennedy Wilson Europe’s results for the year ended 31 December 2015 show its adjusted NAV climbing from 1025.2p to 1174.5p over the year. Adjusted EPS rose sharply from 25.9p to 47.9p as the portfolio became more established and the effects of gearing kicked in. They paid dividends of 35p during the year and have announced […]
JPMorgan Mid Cap says, over the six months to 31st December 2015, the Company’s total return on net assets was 9.0%, 8.4 percentage points ahead of the Company’s performance benchmark, the FTSE 250 Index (excluding investment trusts) which returned 0.6% on a total return basis. The return to shareholders was 25.5% as the discount was elminated. […]
Over the second half of 2015 New Star Investment Trust delivered a 2.5% return on net assets which compares favourably to a -0.5% return on the IA Mixed Investment 40-85% Shares sector, a 1.7% return on the MSCI AC World Index and a -3.3% return on the MSCI UK Index. The report says US equities […]
Ottoman Fund is to return approximately £2.7m of capital, or 2 pence per share, to shareholders on the register as at 4 March 2016, with the shares expected to trade ex-entitlement on 3 March 2016 and payment expected to be made on 6 April 2016 or as soon as practicable thereafter. This return of capital represents proceeds […]
Candover has published results for the year ended 31 December 2015. Its NAV per share was 243p at 31st December 2015, a 55% decrease over the year. Most of the fall in the NAV is down to a write down in the value of Expro International – this took £43.6m or 199p of the NAV and […]
intu properties is reporting a 7 per cent increase in both its NAV per share (adjusted, diluted) and its underlying earnings per share from 13.3p to 14.2p and a 4 per cent revaluation surplus taking the value of investment properties to £9.6bn. The total return for the year was 10%. They see like-for-like net rental income in the […]
