Biotech shares were weak in the six months that ended 30 September 2015. Biotech Growth Trust reports that its NAV fell by 18.6% over this period, 5% more than the 13.6% fall in the NASDAQ Biotechnology Index. The company’s shares fell by 19.3%. The Chairman said the fall in the value of many biotechnology companies […]
Oryx International Growth Fund reports a 15.5% increase in its NAV and a 25.4% increase in its share price over the six months ended 30 September 2015. This is a great result considering the FTSE AIM Index rose by just 1.3% and the FTSE Small Cap. fell be 2.5% over the same period. The managers […]
BlueCrest All Blue says its rolling 12 month discount floor provision has been triggered for its Sterling class of shares (the discount, based on the October month end figure, was too wide). This requires, in accordance with the Company’s articles of association, a continuation vote to be proposed for this class by way of ordinary resolution. […]
John Laing Environmental has published interim results covering the six months ended 30 September 2015. Its NAV of 101.2 pence as at 30 September 2015 was unchanged from 31 March 2015 after adjusting for dividends paid during the period ands despite the impact of the subsidy changes announced in July. The interim dividend was 3.027p, up from […]
Personal Assets Trust’s net asset value fell by 0.3% over the six months to the end of October 2015 – a much better result than for the FTSE All-Share index which fell by 7.3%. The share price rose by 0.5%. Dividends are running at £1.40 per share. They didn’t much change the shape of the portfolio over […]
Shareholders in Lonmin plc, have approved a financial restructuring to enable the platinum miner to weather the low PGM price environment. Lonmin said about 88% of its shareholders approved the US$400 million rights issue at a meeting in London yesterday. The share issue was deeply discounted – at just GBp1/share, a 94% discount to the […]
Alpha Real Trust has reported an uplift in the value of its H2O shopping centre in its interim accounts 9which cover the six month period ended 30 September 2015). This helped drive an increase in the NAV from 108.3p to 123.5p. Earnings per share were flat at 3p. the interim dividend was increased to 1.2p […]
Templeton Emerging Markets has published results covering the six month period that ended on 30 September 2015. emerging markets had a tough time during this period, selling-off sharply and underperforming developed markets by 9.1% (comparing the two relevant MSCI Indices). Over the six months the fund generated a negative total return on net assets and underperformed […]
Juridica has announced that it is throwing in the towel and will shift into realisation mode. The Company will not make new investments (other than for funding existing investments in the Company’s portfolio where such funding is reasonably required to realise maximum shareholder value) and will seek to return capital to shareholders in the most […]
Schroder Income Growth Fund has announced results for the year ended 31 August 2015. During the year under review, the net asset value produced a total return of 3.1%, comparing favourably to a total return of -2.3% for the FTSE All-Share Index. The share price total return for the year was 5.1% as the net […]
