Over the six months ended 28 February 2015, Schroder Oriental Income produced a total return on net assets of 7.3% and the share price produced a total return of 6.7%. This compares to a total return of 2.9% for the MSCI AC Pacific ex Japan Index. They paid a first interim dividend of 1.5p in […]
Great Portland has announced the sale of 95 Wigmore Street to UBS Global Asset Management for £222.4m. Great Portland owned the building in conjunction with Aberdeen Asset Management through a 50:50 joint venture. The sale price works out at a net equivalent yield of just 3.4% or £2,209 per square foot. The 98,800 sq. ft. […]
Dexion Absolute’s discount control mechanism works by triggering a 25% tender every time the discount trades, on average, wider than 5% over the three month periods starting on 1 January and 1 July each year. The average discount over the first three months of 2015 was 6.4% and so the tender will happen – the […]
Boussard & Gavaudan published their annual report on Friday 24th. This showed that, over the course of 2014, the NAVs for the Euro and Sterling shares increased by 6.85% and 5.29% respectively, whilst the market price improved by 11.73% and 16.71%. This was a good result both in NAV and share price terms as, by […]
VPC Speciality Lending has entered into a new arrangement with an existing platform and two arrangements with new lending platforms. Victory Park Capital, the manager, will be the largest initial purchaser of marketplace loans from Avant Institutional Marketplace. VPC Speciality Lending is participating in this marketplace facility. Victory Park Capital was an early financial partner of […]
Over the course of 2014 BlueCrest BlueTrend’s net asset value rose by 16.4%. At the end of the year the shares traded on a 3.5% discount. they bought back 30m Sterling shares and got rid of the US dollar share class as investors exited it. The Chairman’s statement says that the strongest performance came in […]
BlackStar Group has announced results for the year ended 31 December 2014. Over the year its net asset vale rose from 93p to 99p. They are paying a dividend for the year of 0.77p. The weakness of the Rand relative to sterling held back results. BlackStar is in the process of finalising two large transactions […]
Hg Capital is investing in Eucon which they describe as a leading provider of automotive parts pricing data & services to vehicle and parts manufacturers globally. The business is also a leading provider of highly automated claims management services to insurers in Germany. In the automotive data business, Eucon collects, processes and supplies crucial data […]
BlackRock Greater European’s interim results for the six months ended 28 February 2015 show that, during the six month period, the Company’s undiluted net asset value (NAV) per share returned +8.1%, compared with a return of +6.0% in the FTSE World Europe ex UK Index. At the same time, the discount widened somewhat, with the result […]
The Cayenne Trust’s results for the year ended 31 January 2015 have been published. The company’s net asset value total return and share price total return were both 12.1% for the period. This compares to an 11.6% return on the FTSE All-Share Equity Investments Index. The dividend has been increased from 1.2p to 3.8p. The […]
