Aberdeen UK Tracker has done its job and tracked the FTSE All-Share Index over the first half of 2015 and now has a 25 year track record of doing so. The Board are happy but they have decided to cut the fees they pay to Aberdeen to manage the fund – the new fee basis […]
Phoenix Spree Deutschland has announced the acquisition of an apartment complex located in Friedrichshain, Berlin. The purchase price is €16m which works out at a price per square metre of €2,580 or a prospective gross yield of 4.8%. they say the deal will increase the Fund’s rental income by c. 6%. The apartment complex is located […]
Vedanta Resources has started to develop the US$630 million Gamsberg zinc project, in South Africa, located some 20 km east of its existing polymetallic underground Black Mountain mine. The open pit mine, which is expected to produce its first ore in early 2018, will produce a zinc concentrate, which it will deliver to the company’s refinery […]
M&G High Income Investment Trust has announced results for the year ended 31 May 2015. On a net asset value basis, each Package Unit delivered a total return of 8.8% over the 12 months to 31 May 2015. This was above the returns of the FTSE 350 Higher Yield Index and the FTSE All-Share Index, which […]
Aberforth Geared Income has announced results for the year ended 30 June 2015. The return on the portfolio for the period was 15.4% which compares well to a 2.6% return on the FTSE All-Share Index and 10.4% on the Numis Smaller Companies Index (excluding investment companies). The return due to the zeros was 6.75% so […]
British Land has announced that it has exchanged contracts for the sale of 39 Victoria Street, SW1 to Singaporean property company Ho Bee Land for a gross purchase price of £144m (net price of c. £139m after deduction of rent free top up). Ho Bee Land is quoted on the mainboard of the Singapore Exchange […]
Riverstone Energy reports a 2.25% uplift in its NAV for the six months ended 30 June 2015. They say assets at the end of the period were worth $1.244bn or $16.36 per share. they invested another $180m over the period taking the amount invested to 46% of their available capital. Commitments in the period totalled […]
BBGI has signed a Sale and Purchase Agreement with John Graham Holdings Limited to acquire 100% of the equity and subordinated debt interests in two educational PPP projects in Northern Ireland. Belfast Metropolitan College is an educational campus comprising two five-storey teaching facilities and a two-storey engineering facility with associated car parking and a landscaped […]
Law Debenture beat the FTSE All-Share Index over the first half of 2015 but the share price weakened. The NAV total return was 3.8% vs. 3% for the index and the share price return was -1.6%. The interim dividend has been increased from 4.7p to 5.2p. The report says the stocks that added the most […]
Antofagasta’s copper production in H1 2015 was 303.4 kt, almost 13% lower than the same period in 2014 primarily due to lower grades (expected) and lower throughput at the Los Pelambres mine, Chile, where the company lost 8 kt of copper production in Q1 2015 as a result of disruption caused by protestors. At the […]
