VinaLand’s annual report says its NAV fell by 0.7% from 92 cents to 91 cents over the year that ended on 30 June 2015. The share price fell by 6.8% to 52 cents. $16m worth of shares were bought back during the year or 28.6m shares. Within the residential portfolio, more than 279 sales and […]
Electra Private Equity has announced that it intends to exercise the mandatory conversion option in its 5 per cent. Subordinated Convertible Bonds due 2017. The exercise of such option will automatically and mandatorily convert all of the outstanding Bonds into new ordinary shares of Electra. Electra expects to deliver a notice to holders of the […]
HgCapital Trust has announced the sale of a minority interest in JLA to a group of institutional investors. JLA is a leading UK provider of business-critical asset maintenance services to SMEs. After the deal, finds managed by HgCapital will retain c. 62% of JLA’s equity. In addition to the sale of a minority equity interest, […]
Vast Resources plc plans to double the plant capacity at its 50.1%-owned Manaila mine, in Romania, to 2.4 Mt/y by re-commissioning a second mill. The cost of the second mill is estimated at US$0.2 million. The open pit mine commenced production in July this year. As part of its plans for Phase 1 of the […]
JPMorgan Global Convertibles has published results for the year ended 30 June 2015. The total return on the Company’s net assets was -1.0% and the return to shareholders was -4.8%. Three quarterly dividends totalling 3.375 pence per share were declared and paid during the year. Whilst income after expenses fell by 6.2% in the year, […]
Fidelity Asian Values, got a new manager in the shape of Nitin Bajaj, a new benchmark – the MSCI All Countries Asia ex Japan Index, will use treasury shares for the first time, has cut its fees and is proposing changes to its investment policy. The proposed changes would extend the ways in which derivatives can […]
BlackRock Greater Europe has announced results for the year ended 31 August 2015. The total return on net assets was 7.3% and the return to shareholders 6.8% both of which compare favourably with the 1.3% return on the FTSE World Europe ex UK Index. The dividend was upped from 4.7p to 5p. The manager’s report […]
CQS New City High Yield has published results for the year ended 30 June 2015. The return on net assets for the year was 1.0% but the discount widened and so the return to shareholders was -3.6%. They declared one interim dividend of 0.94p, two of 0.96p and one of 1.45p. The Company has in recent […]
BlackRock World Mining has announced that, with effect from 1 October 2015, the management fee has been reduced to 0.8% of gross assets. If they invest in another BlackRock fund the underlying fee is rebated to the trust to avoid double charging. This is the second fee cut this year – in July the fee […]
Lonmin plc, the platinum producer with operations in South Africa, is proposing a financial restructuring to weather the low PGM price environment. The plan involves a US$400 million rights issue, a US$400 million new equity issue and an amendment of its debt facilities to replace the existing US$543 million, which matures in H1 2016. The […]
