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01 Jun 2015

Shires Income beats UK index

Shires Income’s results statement for the year ended 31 March 2015 says the company generated a return on net assets of 9.7% for the year, ahead of a 6.6% return on the FTSE All-Share Index. The company’s shares did not keep pace with the net asset value however and the return to shareholders was 4.9%. […]

01 Jun 2015

Ediston may be fully invested by end June

Ediston Property Investment Company has published its first set of figures covering the period from its launch on 28 October 2014 to the 31st of March 2015. Over the period the net asset value rose to 102.6p and the share price rose to 108p. They have paid dividends totalling 1.885p and say they are on […]

01 Jun 2015

Northern Investors down to last 15 holdings

Northern Investors, which is gradually selling off its portfolio and returning the proceeds to shareholders, has published results for the year ended 31 March 2015. Over the year the net asset value rose by 20.6% to 523p and they handed back £20m to investors in capital returns and dividends. The dividend is being increased from […]

01 Jun 2015

Tritax acquires Tesco regional distribution centre

Tritax is spending £47.1m to buy the Tesco Regional Distribution Centre at Capitol Park, Goole. The price reflects a net initial yield of 5.67%. They are paying for the deal using their own resources but expect senior debt finance to be introduced in the near term. Completion is expected to take place by 5 June […]

01 Jun 2015

Scottish Investment Trust reports good start to 2015

Scottish Investment Trust has published interim results for the six months ended 30 April 2015. Over the period the fund produced a return on net assets of 9.8% which compares to returns on the FTSE All-World Index and FTSE All-Share Index of 9.6% and 9.2% respectively. The manager’s report goes into the portfolio in some […]

29 May 2015

Aberdeen Japan makes 46% in first year

In its first full year since it became a dedicated Japanese investment trust, Aberdeen Japan has posted a 46.6% increase in its net asset value as compared to a 26% return for its benchmark index (Topix). The share price return was even better at 58.2% as the discount narrowed from 13.4% to 6.7% (all these numbers are […]

29 May 2015

Capital Gearing to adopt zero discount policy

Capital Gearing has announced results for the year ended 5 April 2015. Over the year the net asset value grew by 5.7% but the share price fell by 0.7% as the shares moved to trade on a lower premium to asset value. The dividend was increased by 25% to 20p. The persistent premium that the […]

28 May 2015

Sweeping changes proposed for Praetorian Resources

Praetorian Resources has today published a circular convening a meeting at which shareholders will be asked to approve a number of changes to the way the company is run. First the Board is proposing a new investment policy which would mean that the company would become a diversified royalty finance company. the proposed new investment […]

28 May 2015

Majedie has good first half as MAM funds outperform and expand

Majedie’s net asset value total return for the six months to the end of March 2015 was 14.5%. The return to shareholders was 10.5%. The interim dividend is 3p. 38.5% of the assets is in a segregated fund that tracks the MAM UK Equity Fund. This returned 7.7% net of fees in the six months […]

28 May 2015

Investment in Air Works India boosts Elephant Capital

Elephant Capital’s net asset value rose by a penny over the six months to the end of February 2015 to reach 36p. Most of that increase can be attributed to a write up in the value of Air Works India (Engineering) Private Limited. Elephant Capital sold its last listed investment after the end of the […]

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