Redefine International’s adjusted NAV rose from 40.5p to 41.7p over the year to the end of August 2015. Earnings per share slipped from 3.3p to 3.2p but the dividend was upped from 3.2p to 3.25p. The slip in earnings was the result of cash drag in the portfolio in the second half of the period […]
Aberdeen Asian Smaller Companies has announced results for the year ended 31 July 2015. The net asset value total return for the period was -4.7%. This compares poorly to a fall in the MSCI AC Asia Pacific ex Japan Index of -1.2% and the MSCI AC Asia Pacific ex Japan Small Cap Index’s return of -0.8%. For […]
Over the six months to the end of August 2015 BlackRock Smaller Companies’ net asset value increased by 9.0% to 1039.98p per share, outperforming its benchmark (the Numis Smaller Companies plus AIM (excluding Investment Companies) Index) by 6.6%. The Company’s share price increased by 14.0% to 925.5p per share over the same period. The FTSE […]
BBGI is a 50% equity investor in the consortium that will design, build, finance, operate and maintain the infrastructure for a period of 30 years. The North Commuter Parkway Project involves the replacement of the 107-year-old Traffic Bridge in Saskatoon’s downtown core as well as the development of a new six-lane bridge crossing the South […]
Over the six months ended 31 August 2015, Thai equities dropped sharply. The SET Index fell by 19.2% on a sterling-adjusted basis. Aberdeen New Thai’s net asset value was similarly affected, falling 20.0% while the share price declined by 20.4% on a total return basis, to reach 357.6p. The baht’s depreciation against the pound during the period amplified […]
JPMorgan Private Equity has announced that the it is in discussions to potentially transfer the existing investment management contract from JPMorgan Asset Management to an affiliate of Fortress Investment Group LLC. As part of the deal, JPEL’s Board understands that the investment management team that has been responsible for managing the fund since its inception in 2005 (led […]
Caledonia Investments has agreed terms to acquire Gala Bingo Holdings Limited (“Gala Bingo”), the UK’s largest retail bingo operator, from Gala Coral Group Limited (“Gala Coral”) in a transaction which values the business at £241m. Led by Chief Executive Officer, Simon Wykes, and Chief Finance Officer, Alex Wood, Gala Bingo has a 38% share of […]
City Natural Resources’ investment manager, CQS (UK) LLP, has informed the Board that Will Smith, co-manager of the Company’s investments, will be leaving CQS/New City Investment Managers. Will’s co-management responsibilities have been passed to Keith Watson and Robert Crayfourd with immediate effect. Accordingly, the Company’s investments will be co-managed by Ian Francis, Keith Watson and Robert […]
Electra has announced results for the year ended 30 September 2015 (which is a pretty fast turnaround!). The total return on net assets was and the return to shareholders were both 25%. The equivalent figures for the Morningstar private equity index were 10% and 13% and for the FTSE All-Share Index -2%. The dividend for […]
Randgold Resources’ Tongon gold mine has paid off its shareholders’ loans of US$448 million, used to partially fund the US$580 million capital investment in building the mine five years ago. The Tongon mine is located within the Nielle exploration permit in the north of Côte d’lvoire, 55 km south of the border with Mali. Randgold […]
