The asset values of NB Global Floating Rate Loan’s Sterling and Dollar share classes both edged up over the first half of 2015 – the Sterling NAV rose from 97.7p to 98.75p and the dollar NAV from $0.9862 to $0.9954. The total NAV returns on these two classes were 2.97% and 2.81% respectively. The shares moved […]
Following the publication of a definitive feasibility study in June this year on its 100%-owned Tulu Kapi gold project, in Ethopia, KEFI Minerals is now reviewing bids from prospective Engineering, Procurement and Construction Management (EPCM) contractors as well as looking at options to lower the estimated peak capital investment of US$130 million to around about […]
Over the first half of 2015 Canada’s S&P/TSX Composite Index returned just 0.9%, weighed down by the poor environment for resources stocks. Canadian & General did better than this however, returning 3.5% on net assets. The manager says the leading sector, by a wide margin, was Health Care, dominated by Valeant Pharmaceuticals International and Catamaran Corporation. The latter […]
EP Global Opportunities has reported a 4.2% return on net assets for the first six months of 2015 which compares favourably to a 2% return ion the FTSE All-Share Index. The shares moved from trading at a small discount to trading on a 0.1% premium. They say their performance benefited from the emphasis on Japan […]
Murray International’s interims for the first half of 2015 show the fund underperforming its benchmark – the net asset value total return declined by 2.6% compared with a positive total return of 2.0% on the Company’s benchmark (40% the FTSE World UK and 60% FTSE World ex UK). Over the six month period the share price total […]
Kennedy Wilson Europe has bought a portfolio of 16 Spanish supermarkets. The portfolio, which comprises 11 Carrefour supermarkets and five Dia supermarkets, was acquired from a joint venture between French institutional investors managed by AEW Europe. The purchase price of the portfolio was €85.5m, reflecting a yield on cost of 6.9%. The acquisition was funded […]
Empiric Student Property is buying the freehold of a high quality purpose-built student accommodation scheme on Pendennis Rise, in Falmouth, for £8.1m (excluding costs). The property is located next to the Falmouth Docks, within a few minutes’ walk to the Woodlane campus of Falmouth University and the marine School, and with good public transport links […]
Dalradian Resources is moving directly to a feasibility at its 100%-owned Curraghinalt gold project, in Northern Ireland after originally planning to produce a pre-feasibility study by the end of 2015. The company now plans to expand its infill drilling programme and conduct underground exploration to complete a resource update in 2016. Depending on the results […]
The board of Leaf Clean Energy Company has announced the completion of the realisations of four of its investments: the biomass power plants Multitrade Telogia, LLC and Multitrade Rabun Gap, LLC, the landfill gas portfolio owned by Johnstown Regional Energy, LLC and the solar thermal power technology company SkyFuel. These transactions closed on 11 March, 31 […]
Caledonia Mining’s earnings fell 59% to Canadian cents 3.4/share in H1 2015 (adjusted: Canadian cents 5.2/share), as gold production at its 49%-owned Blanket mine, in Zimbabwe, dipped to 20.4 koz (H1 2015: 21.5 koz), AISC rose 11%, to US$984/oz, and the gold price received was lower at US$1,187/oz gold. Costs rose as a result of […]
