JPMorgan Brazil’s results for the half year that ended on 31 October 2014 show the fund underperforming its benchmark (the MSCI Brazil 10/40 Index) as the net asset value fell by 1.7% against a rise in the Index of 1.4%. The share price return was -2.6%. The major influence on the Brazilian market was the […]
Local Shopping REIT managed to generate an NAV uplift of just 1p per share (from 41p to 42p) over its accounting year that finished on 30 September. LSR adopted a policy of selling off its portfolio and returning proceeds to shareholders in July 2103 and has made some progress with this over the year. It managed […]
Hansteen has sold off £43.9m worth of its industrial portfolio. The eleven UK assets sold from the Ashtenne Industrial Fund (which Hansteen holds 36.7% of) comprise Langley Park (a 48 acre site in the centre of Chippenham in Wiltshire with 800,000 sq ft of office and industrial space occupied by tenants including Siemens PLCS, IXYS […]
LXB Retail Properties has announced a 15.6% uplift in its EPRA NAV to 134.54p over the year that finished on 30 September 2014 and profit up from £25m to £36m. The year was notable for them securing 1.2m sq ft of new planning permissions within the portfolio. They are offering shareholders a continuation vote at […]
Schroder Real Estate is spending a large chunk of the money it raised in November on a 50% interest in the University of Law campus in Bloomsbury, London W1. Schroder Real Estate is spending £34m for its half, alongside Schroder UK Property Fund, also managed by Schroder Real Estate Investment Management, for a total price […]
The net asset value of South African Property Opportunities (SAPO) fell from 69p to 37p per share over the year to end June 2014 (somewhat ancient history now). 19p of the fall was accounted for by a distribution they made to shareholders, 10p relates to a fall in the value of the South African Rand […]
Seneca Global Income & Growth lagged its current benchmark a little over the six months that ended 31 October 2014, producing a return on net assets of 0.6% and a return to shareholders of 1.1% vs. a 1.8% return on 3-month LIBOR plus 3.0 per cent. However, the Board has already said that it isn’t […]
Oakley Capital has announced the sale of intergenia GmbH for an enterprise value of €210m. The deal crystallises a 2.5x gain, a 36% IRR, for the Oakley funds that backed the original deal, including Oakley Capital Investments Limited. The fund’s share of the proceeds is €21m. They say intergenia is headquartered in Cologne and is a […]
Polo Resources has just got round to publishing its results for the year that ended on 30 June. In what is actually quite a comprehensive report on the current state of the business, the NAV per shares at the end of June isn’t mentioned (total equity net of all liabilities was $143.6m at the end […]
Artemis Alpha Trust has reported results for the six months ended 31 October 2014. this was a difficult period for UK Smaller Companies with the FTSE Small Cap Index falling by 6% and the FTSE AIM All-Share Index falling by 11.9%. The FTSE All-Share Index fell by 1.6%. Artemis Alpha managed to increase its net […]
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