News

17 Nov 2015

JPMorgan Japan Smaller outperforms a falling market

JPMorgan Japan Smaller Companies has announced results for the six months ended 30 September 2015. In the half year ended 30th September 2015 the total return on the Company’s net assets, net of fees and expenses, was -4.5% compared with -5.7% for the Company’s benchmark, the S&P/Citigroup Japan Extended Market Index (Total Return Net) in […]

17 Nov 2015

Phaunos Timber signs pulpwood supply agreement

The Board of Phaunos Timber Fund has announced confirmation of a forward pulpwood sale agreement for Pradera Roja, a plantation they own in Uruguay, which will realise total payments of $2.4m.  The agreement is based on Pradera Roja receiving up-front payments for eucalypt pulpwood that will be harvested up to 2022. Stephen Addicott of Stafford Timberland, the […]

17 Nov 2015

Edinburgh Investment Trust holds up well and moves to premium

Edinburgh Investment Trust has announced results for the six months ended 30 September 2015. The FTSE All-Share Index delivered a negative total return of -7.2% over this period but Edinburgh’s net asset value total return was +1.1% and, as the fund moved from trading on a 3.5% discount to a 1.7% premium, shareholders got a return […]

17 Nov 2015

Big Yellow boosted by higher occupancy and rent per square foot

Big Yellow’s interims for the six months ended 30 September 2015 show its EPRA net assets per share rising from 481.1p to 505.9p. EPRA earnings per share (adjusted and diluted) rose by 16% to 15.1p. The interim dividend is being hiked by the same amount from 10.4p to 12.1p. Earnings were boosted by higher occupancy – up from 73.5% […]

17 Nov 2015

British Land outperformance of IPD driven by Offices and Developments

British Land’s first half results, covering the six months ended 30 September 2015, show the company’s EPRA NAV climbing by 7.5% and its diluted underlying earnings per share rising by 4.6% to 16p . The first half dividend was increased by 2.5% to 14.18p. The valuation of the portfolio increased by 4.7%. That broke down into […]

17 Nov 2015

McKay Securities underlying profits up by a third

McKay Securities’s EPRA NAV rose by 4.1% over the six months to the end of September 2015 as it reported a 7.1% increase in the value of its property portfolio. The interim dividend was maintained at 2.7p. McKay Securities underlying profit before tax rose by 33.8% over the period as rental income increased by 20.8% […]

16 Nov 2015

Asia ex-Japan investment trust discounts widen

The economic slowdown in China is impacting other countries in Asia and the developed world, and hopes of growth in consumer spending and the services sector coming to the rescue are fading. Rebalancing the economy away from infrastructure investment and traditional industrial drivers, while cushioning the services sector and allowing new industries to develop, is […]

16 Nov 2015

Juridica reports lower than expected damages on a case

Juridica has announced that one of its cases, Case 5009-S, which involved a theft of trade secret dispute brought by a smaller plaintiff against a much larger company, has completed a trial by jury. In spite of a full win on liability the jury only awarded an amount which will result in a return to […]

13 Nov 2015

LXB Retail gets planning permission for Living Villages concept

LXB Retail Properties has published an update on further pre-lets at a number of the Group’s investment properties and on planning consent for the Group’s first Living Villages project. Living Villages – Higher Newham, Truro The Strategic Planning Committee at Cornwall Council recently resolved to grant planning permission for the Group’s Higher Newham Farm proposals […]