Electra has announced that yesterday afternoon it received from Pershing Nominees Limited on behalf of Sherborne Investors (“Sherborne”) a requisition for a General Meeting at which resolutions will be proposed seeking to appoint Edward Bramson and Ian Brindle to the Board of Electra. As shareholders are aware, this is the second time Sherborne has sought […]
Last night Advance Frontier Markets published results for the year ended 30 June 2015. Over that period the fund’s net asset value fell by 11.2% and the share price fell by 10.9%. The MSCI Frontier Markets Net Total Return Index declined by 13.9% over the period. The manager says asset allocation, manager selection and discount movements […]
Globalworth Real Estate has released its interims covering the six months ended 30 June 2015 and a trading update that covers the period to the middle of September. On 15 September the portfolio had a gross lettable area of 335,883sqm, a value of €808.4m and the projected value once all developments have been completed was […]
SQN Asset Finance has published its first annual report covering the period from launch in July 2014 to the end of June 2015. At the end of June SQN had a market cap of £193.3m, assets of £178.9m, an NAV per share of 99.93p and had paid dividends totalling 4.28p. The share price at the […]
Town Centre Securities has published results for the year ended 30 June 2015. It is reporting an 11.7% increase in NAV to 344p, a maintained dividend of 10.44p (which was covered 1.16x by underlying earnings per share of 12.1p – down from 14.4p the previous year). The total return to shareholders was 19%. Like-for-like property […]
Fair Oaks Income Fund Limited has announced that the underlying “Master Fund” has entered into binding contracts to acquire, in the primary market, $26.0m notional of equity notes, representing 68.5% of the total equity of Ares XXXV CLO, a new CLO backed by a portfolio of US broadly syndicated, secured loans. The manager of this […]
Dalradian Resources Inc is raising gross proceeds of C$35 million (approximately £17 million) to fund work towards completion of a feasibility study for its Curraghinalt underground mine project, in Northern Ireland. The work includes 30,000 m of infill drilling to increase confidence in resources, with a resource update expected Q1 2016. The company expects to […]
Jupiter European Opportunities reports its annual results for the year ended 31 May 2015. Over the year its net asset value rose by 21.1% and the share price by 19.8%, a superb results when compared to the FTSE World European ex UK Index which rose by 4.7%. There is a dividend of 3.8p. The performance was […]
The Board of Advance Developing Markets Fund Limited announces that it has been informed by Advance Emerging Capital Limited, the investment manager of ADMF, that an agreement has been reached with Aberdeen Asset Management PLC whereby Aberdeen will acquire 100% ownership of Advance Emerging Capital. The transaction is subject, inter alia, to regulatory approval from the UK […]
Central Asia Metals reported EBITDA of US$16.0 million for H1 2015 against US$21.8 million for the corresponding period of 2014. The decline is attributed to the fall in the average copper price received (US$$5,936/t compared with US$7,049/t a year earlier. Because of this, and despite an increase in copper sales, gross revenue fell 10% to […]
