Independent Investment Trust generated a 13.9% return on net assets over the six months ended 31 May 2015 – well ahead of both the FTSE All-Share Index and the FTSE World Index which returned 7.5% and 6.0% respectively. The interim dividend is unchanged at 2p. Within the technology and telecommunications weighting in the portfolio, two Chinese […]
Investment trusts specialising in smaller companies were among the top performers of the past few months after a decisive election result improved confidence in the sector, new research shows. But commodity and Asia-focused investment trusts were among the stragglers as investors shunned stocks exposed to an economic slowdown in China or a US rate rise, […]
JPMorgan Brazil published its results covering the year that ended on 30 April 2015 last night. During the year the company’s return on net assets was -14.6% and the return to shareholders was -11.9%, reflecting a narrowing of the discount from 9.1% to 6.4%. JPMorgan Brazil underperformed its benchmark, the MSCI Brazil 10/40 Index (in sterling terms), which returned […]
Last night, after the market had closed, Marwyn Value Investments announced it would sell 26.5m shares in Entertainment One – about 9% of the company. The mechanism it is using to do this is called an accelerated bookbuild.. This morning Entertainment One’s shares are down 10% on the news. At the current price, the stake […]
Kuala has announced that it wants to change its investment policy and it has appointed Jim Mellon as an executive director. “The Board proposes to invest in and/or acquire companies which have significant intellectual property rights which they are seeking to exploit, principally within the technology sector (including digital and content focused businesses) and the life sciences sectors […]
International Public Partnerships Limited has announced that the Bazalgette Consortium comprising INPP, Allianz, Amber Infrastructure Group, Dalmore Capital Limited, DIF and Swiss Life Asset Managers has been appointed preferred bidder for the Thames Tideway Tunnel (“TTT”) licence. INPP will invest up to £210m in the project, with the residual risk capital being funded by the remaining […]
Jupiter Green Investment Trust underperformed the MSCI World Small cap. Index by some margin over the course of the year ended 31 March 2015 delivering a return of 5.1% against the index’s 14.6%. The share price return was 4.4%. The dividend halved from 1.1p to 0.55p. Performance more or less offset buybacks to leave the […]
Yesterday Origo Partners announced that the Isle of Man Court handed down judgment in favor of it, regarding a complaint raised by Brooks MacDonald in relation to terms of convertible zero dividend preference shares issued on March 8, 2011. Today Brooks Macdonald Asset Management (International) Ltd., notified Origo Partners that it was making a claim against it. Brooks Macdonald believes […]
At 30 June 2015, Candover had $83.9m (£53.1m) of US private placement notes outstanding, with a maturity date of 31 December 2015. The Company’s net debt position as at 30 June 2015 was £32.3m (as they had $20.8m of cash and cash equivalents. The Company has agreed a new term loan facility with 17Capital LLP for up […]
NewRiver Retail is buying a portfolio (“the Ramsay Portfolio”) of retail parks and development sites for £69.1m. the price is equivalent to an initial yield of 8% on the income producing assets. The Portfolio is to be acquired from a major foodstore operator utilising a portion of the funds to be raised following completion of the […]
