Hammerson’s EPRA NAV rose by 4.7% over the first half of 2015. Adjusted earnings rose by 13.3% as rents rose by a like for like 2.1% and the interim dividend was increased by 8% to 9.5p. The company’s loan to value ratio fell by 1% to 33% as they secured a new £415m five-year unsecured revolving […]
Foresight Solar has announced the acquisition of a portfolio of three operational assets totalling 34MW through a Joint Venture with Big60Million Limited. The 15MW Atherstone and 10MW Southam assets are located in Warwickshire, and the 9MW Paddock Wood asset is located in Kent. All three assets were connected to the Grid in March 2015 and […]
BlackRock Throgmorton says it generated a 19.85 return on net assets over the six months ended 31 May 2015 – ahead of the 15.7% return posted by the Numis Smaller Companies excluding AIM and investment companies index. Shareholders did even better as the discount narrowed taking their return to 23.8%. The interim dividend has been […]
The Department for Energy and Climate Change (“DECC”) has announced a series of measures aimed at restricting the subsidies it pays to support renewable energy. The measures include: Removing the guaranteed level of subsidy for biomass conversions and co-firing projects for the duration of the Renewable Obligation, known as grandfathering. Launching a consultation on controlling subsidies for […]
Allianz Technology just failed to match the performance of the Dow Jones World technology Index over the six months ending 31 May 2015 – its net asset value rose by 6.6% against 6.8% for the index. The discount narrowed though and that meant that shareholders saw an 8.3% uplift in the ordinary share price. The […]
Over the first half of 2015, Alliance Trust delivered a return on net assets of 1.4% and a return to shareholders of 2.7%. The NAV return would make them 29th of 36 funds in their peer group and compares to a return on the MSCI AC World Index of 2.1%. Their equity portfolio underperformed that […]
Over the first half of 2015 Herald Investment Trust’s total return was 7.9% and the share price return was 8.0%. These figures compare to an 8.3% return on the Numis Smaller Companies plus AIM Index and a 6% return on the Russell 2000 small cap. technology Index. The report says they saw a steady stream […]
Vietnam Infrastructure has completed its restructuring whereby investors get shares in a new company, Vietnam Infrastructure Listed, which invests via an open-ended fund, in addition to their shares in Vietnam Infrastructure, which gets renamed as Vietnam Infrastructure Private equity shares and is gradually wound up over the next couple of years. VNI / VNIL : […]
Spark Ventures has raised £10.1m from a placing of stock, a further £3.8m from stock swaps and will raise up to £3.1m via an open offer. They plan to put the money towards a new investment strategy and appoint Gresham House as its investment adviser. Gresham House is buying into Spark Ventures’ outgoing management company, SPARK […]
Aurora Russia has published results covering the year to the end of March 2015. The net asset value fell from 27.9p to 17.5p over the period. A large chunk of the decline relates to the fall in the Rouble Sterling exchange rate and a fall in the value of the company’s stake in Unistream from £8m […]
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