SEGRO plc and Hermes Property Unit Trust have completed a property swap transaction. SEGRO has acquired from Hermes a 9,800 sq m single-let, modern distribution warehouse in Hayes, West London for £21.9m. Hermes has purchased from SEGRO two multi-let industrial estates totalling 29,300 sq m, both situated close to Heathrow Airport for £47m. The balance of £25.1m […]
Enough of Premier Energy & Water’s existing ZDP holders have rolled over into its new issue to leave it oversubscribed. There will be no placing of new zeros. We talked about the new issue in this month’s warrants, subscription share and zeros roundup. the new zero (PEZ), issued by PEWT Securities 2020, will start trading on […]
Dunedin Smaller Companies has announced results for the year ended 31 October 2015. over this period the fund underperformed the FTSE Small cap (ex Investment Companies) Index, returning 10.7% on net assets against 13.1% for the benchmark, but a narrowing of the fund’s discount, from 16.9% to 15.0%, gave shareholders a 13.7% return. The dividend has […]
Hummingbird Resources plc has declared a maiden reserve at its 85%-owned, Yanfolila gold project, in Mali. The reserve (100% basis) is 6.82 Mt at a grade of 3.03 g/t for 666 koz of gold contained, which represents a 20% increase from the in-pit resources in an optimisation study published in June this year. 100% of […]
The Board of NB Distressed Debt has announced that it is curtailing its buy-back programme on the Global and Extended Life shares. At the time of writing, the Global shares have fallen by 4.0% today and the extended Life shares by 3.7%. 1) with respect to the Global shares they said: “The discount control policy […]
Armadale Capital has updated metallurgical work at its 80%-owned Mpokoto project in the DRC’s Katanga Province, which has confirmed the proposed two-phase processing route to recover gold from the oxide ores initially, with a further second phase to treat the transition and fresh rock. Metallurgical testwork on two bulk samples of oxide ore has confirmed […]
JPMorgan Asian has published results for the year ended 30 September 2015 that show the fund managed to outperform its benchmark. During the year under review, JPMorgan Asian’s return on net assets was -2.9%, outperforming the MSCI AC Asia ex Japan Index, which delivered a -6.3% return. The Board had been warning JPMorgan that performance […]
AEW UK REIT’s shopping spree continues with the purchase of three more properties for £12.2m. The first comprises a prominent 49,764 sq ft town centre leisure investment in Southend-on-Sea, let to Odeon Cinemas Limited with a WAULT of approximately 7 years to expiry. The property was acquired for GBP5.7m (net of acquisition costs) reflecting a […]
The temptation to run for the exit to avoid potential losses coupled with a fear of losing out if things turn out to be better than we thought is a frequent dilemma facing investors. The market’s close scrutiny of every piece of economic data and knee-jerk reactions are unlikely to abate, as concerns about the […]
Finsbury Growth & Income has published an impressive set of results for the year ended 30 September 2015. In a year when the total return on the FTSE All-Share Index was -2.3%, Finsbury Growth & Income delivered a 12.0% return on net assets and an 11.8% return to shareholders. The dividend has ben increased by 7.1% […]
