Over the six month period ended 30th April 2015 JPMorgan Russian’s net asset value on a total return basis declined by 2.7% and the Company’s return to shareholders on a total return basis was a negative 2.2% over the period, which led to little change in the discount to net asset value at 14.1%. The performance […]
Over the six months ended 30 April 2015 BlackRock North American Income delivered a 5.7% return on net assets and a 6.7% return to shareholders. By contrast the return on the Russell 1000 Index was 7.1%. The Board, chaired by Simon Miller (pictured), felt the need to stress to the manager that performance against the index […]
Real Estate Credit Investments has published results for the year ended 31 March 2015. Over this period they generated a return on net assets of 12.3% as the NAV rose from 154.1p to 162.3p. They expanded their real estate loan portfolio considerably, from £51m to £89m, making nine new commitments totalling £60m – currently they […]
Ediston Property Income is spending £11.95m to acquire the Abbey Retail Park in Daventry. The yield will be 7.80% when the Park is fully let. The property provides 63,160 sq. ft. of retail warehousing, anchored by Homebase, with parking for 386 cars, on a five acre site. The weighted average unexpired lease term is just […]
Seneca Global Income & Growth has published results for the year ended 30 April 2015. Over that period the total return on net assets was 9.6% and the total return on the share price was 9.1% – both comfortably ahead of their objective of outperforming LIBOR +3% over the long-term. They also point out that […]
Over the year to the end of February 2015, Aurora Investment Trust’s return on net assets was -10.6% which compares to a positive return of 2.1% for its benchmark. The dividend is being increased from 3.8p to 3.85p. The statement says that part of their problem is exposure to oil related stocks and part is exposure […]
Dragon Ukrainian Properties has published results for the year ended 31 December 2014. Over that period the net asset value fell from $168m to $92m. Almost all of Dragon Ukrainian’s assets, apart from one shopping mall owned by Arricano and located in Simferopol, were not directly affected by events in Crimea and Eastern Ukraine. The […]
Lindsell Train has reported a 27.9% return on net assets and a 23.9% return to shareholders for the year to the end of March 2015. These numbers compare well to a 3.8% return on the fund’s benchmark and a 19.7% return on the MSCI World Index. They say that, once again, the main contribution to […]
JPMorgan Emerging has today announced that it is getting rid of its performance fee with effect from the financial year that will commence on 1 July 2015. The base fee will remain at 1% on assets less liabilities up to £800m and 0.75% on the balance. JMG : JPMorgan Emerging cuts fees
Tau Capital has completed the sale of its investment in Lucent for $250,000 and is working on the sale of Stopharm. They have a $7m offer for their investment but Stopharm needs a cash injection so they are exploring whether they can lend Stopharm $700,00 out of the proceeds of the sale and then sell the […]
