Dolphin Capital has this morning announced a series of measures that they believe will help narrow their discount to asset value. In a nutshell, they are raising €75m (but we don’t know the price yet so it’s not clear how dilutive this will be to existing shareholders – the guess would be very as the […]
LondonMetric Property has announced results for the year ended 31 March 2015 and separately has announced it is buying a portfolio of M&S convenience stores for £26m. Over the year to the end of March 2015, LondonMetric Property’s EPRA net asset value rose by 16% to 140.6p. The dividend is being maintained at 7p but they […]
BP Marsh has just published results for the year ended 31 January 2015. Over that period the net asset value rose from 202p to 216p and the return to shareholders was 8.2%. The final dividend is 2.75p, unchanged from last year. £1.7m was invested in new equity investments and £1.4m was injected into existing investments. […]
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%. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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