BlackRock Income & Growth has published its results for the year ended 31 October 2015. Over the year the fund beat its benchmark by more than 10%. The NAV total return was 13.5% and the share price total return 13.5% but the total return on the FTSE All-Share was 3.0%. The dividend for the year […]
Ecofin Power and Water Opportunities has published results for the year ended 30 September 2015. The value of their portfolio fell 24.0% over the financial year but, due to the effect of the gearing provided by the Convertible Unsecured Loan Stock, Zero Dividend Preference Shares and bank debt, the net asset value per ordinary share declined by […]
Chenavari Capital Solutions has released its accounts for the year ended 30 September 2015. Over the period the NAV total return was 7.7% and they paid dividends of 7.5p. At the end of the period the shares were trading on a discount of 1.2%. down from an 8.7% premium at the start of the year. […]
Phoenix Spree Deutschland’s property portfolio was valued by Jones Lang LaSalle GmbH as at 31 December 2015, at €282.8m, up from €245.3m the year before. This represents an increase of 15.3% over the twelve-month period. This increase in valuation reflects yield movement and adjustments due to improved property condition; rental income increases; decreasing vacancy; market rent adjustments; […]
HICL Infrastructure has acquired a further 12.5% interest in the Southmead Hospital PFI Project from funds managed by Aberdeen Asset Management Group for a consideration of £25.3m. As a consequence of the acquisition, HICL now holds a 62.5% interest in the Project. The Project is a £430m, 35 year concession to design, build, finance, operate […]
When buying investment companies, usually the risks and rewards come primarily from investing in a single asset class, and most investment companies invest in equities. However, some employ what is called a multi-asset approach, which involves making investments in a range of different asset classes in addition to equities, such as fixed income, property and […]
Anglo American plc has exited the Tarmac business after selling its interests in the operating joint venture entities which have historically operated under the Tarmac name in the United Arab Emirates, Oman and Qatar to the Bouygues Group. The parties have not disclosed the value of the sale. In July 2015, Anglo American sold its […]
On 5 January Duet Real Estate Finance announced that a loan it had made against some German hotels (loan 12) had been repaid early, resulting in a cash inflow for the fund and an uplift in NAV thanks to early repayment penalties. The Company’s share of proceeds realised totalled £11m, equivalent to 15.29 pence per share. This […]
Miton Worldwide Growth Trust’s Board has changed its registered name to “Miton Global Opportunities plc”. The Directors think the Company’s name should be simplified and more accurately reflect the investment approach. In addition to the change of name, the Directors have agreed to appoint Frostrow Capital LLP to provide distribution and marketing, company secretarial and accounting […]
Central Asia Metals plc produced a record 12,071 t of copper at its Kounrad dump leach, solvent extraction and electro-winning copper recovery plant, in Kazakhstan, in 2015, an 8.4% increase on 2014. Q4 15 production was 3,661 t of copper, representing a 36% increase from Q4 14. The company sold 12,040 t of copper cathode […]
