Avarae Global Coins reports results for the year ended 31 March 2015. Its NAV per share increased to 14.9 pence (2014: 14.5 pence). It made sales of £630,000. Profit on ordinary activities of increased more than 50% to £380,000 up from £250,000. The full year dividend is maintained at 0.15 pence per share. The carrying value of their […]
John Laing Infrastructure Fund Limited has entered into a five year£180m Revolving Credit Facility with Royal Bank of Scotland, HSBC , ING Bank and Commonwealth Bank of Australia. This facility replaces the existing £150m facility with RBS, Lloyds and ING, with no cancellation fees payable. The margin on the new facility is 1.75% over LIBOR making both the margin and associated commitment fees significantly lower […]
http://www.investorschronicle.co.uk/2015/08/13/funds-and-etfs/the-big-theme/retire-on-investment-trust-income-kn9TCSWO3A2NBDlt9wLMSL/article.html Over the past few years the number of investment trusts paying quarterly dividends has increased, with 118 out of more than 400 investment companies paying a quarterly dividend, according to a recent survey by QuotedData. Meanwhile, five investment trusts pay a monthly dividend, in contrast to only one 18 months ago.
South 32, the resources company spun out of BHP Billiton earlier this year, has reported its first annual results (on a pro-forma basis). In the financial year to end-June 2015, the company reported headline profit of US$28 million, down 56% from the previous year, leading to EPS of USc0.5, against USc1.2 previously. The results include […]
Bluefield Solar Fund is buying three solar assets: Bluefield EIS Solar Limited (“Solar EIS”), Bluefield Kite Limited (“Kite”) and Bluefield Peregrine Limited (“Peregrine”), which between them own and operate 28 solar photovoltaic (“PV”) plants (the “Plants”). The Plants, each built and commissioned prior to the end of Q1 2012, have over three years of operational […]
Baker Steel Resources Trust reports a 4% fall in its net asset value for the six months ended 30 June 2015, much better than the 10.9% fall reported for the Euromoney Global Mining 100 Index. The report says the fall in NAV can largely be attributed to a 11.8% fall in the share price of […]
Over the six months to the end of June 2015, Acencia Debt Strategies (which is now reporting its results in US dollars for the first time) saw total return on net asset value of 1.8% to US$1.73 (NAV was flat – return is down to dividends paid). Total Shareholder returns were up 0.1% per cent to a share […]
Gold showed further strength overnight and this morning, advancing to US$1,168/oz in the spot market before settling back to fix in London at US$1,149/oz, the highest price in over a month. The price has risen over 6% since it fixed at US$1,080/oz on 31 July, the lowest level for five years. According to Bloomberg, the […]
3i Infrastructure is investing £23m to take a 50% stake in the West of Duddon Sands offshore transmission project. The vendors are Dong Energy and Scottish Power Renewables. The remaining equity in the project will be acquired by Macquarie Capital. The consortium was selected as preferred bidder following a competitive tender run by Ofgem in July 2014. The project […]
Tritax Big Box REIT’s results for the first half of 2015 show a 14.8% uplift in its EPRA NAV, a 13.9% improvement in is EPRA earnings per share (to 2.3p) and a 62% hike in the interim dividend from 1.85p to 3p as they progress towards paying their target 6p per annum. The fund expanded […]
