WWH : InterMune helps drive good Worldwide Healthcare result Worldwide Healthcare powered ahead over the six months ended 30 September as the net asset value delivered a total return of 16.8%. The rating stayed more or less the same so the return to shareholders was 16.2%. by contrast the benchmark index (MSCI World Health Care) returned 11.5% […]
MVI : Marwyn Value sells Breedon Aggregates Marwyn Value Investments has got cash equivalent to 3.7x their total investment in Breedon Aggregates – the stake was sold for £51.3m and MVI’s share of that is £43.5m. They first invested in the company as Marwyn Materials in 2008. The return works out as a IRR of […]
JETG / JETI : Mixed fortunes for the two JPMorgan European pools JPMorgan European Investment trust interim results announcement covering the six months that finished on 30 September 2014 has been published. For the growth portfolio (JETG) there was a negative return on net assets of 4.5% – an underperformance of its benchmark, the MSCI Europe ex […]
BBOX : Tritax raises £110m and spends £22m Tritax Big Box REIT has announced that it has raised £110m by placing 104.77m shares at 105p. It has also said that it has exchanged contracts on a Tesco retail distribution warehouse for which they are paying £22.45m, equivalent to a net initial yield of 8.25%. The […]
RECI : RECI expands loan portfolio Real Estate Credit Investments has announced its interim results for the six months that ended on 30 September 2014. The net asset value rose by 3.2% to 159p. They are paying a dividend of 2.7p for the quarter. They have been expanding the portfolio, making six new loans worth […]
TRIG : Renewables Infrastructure buys Irish wind farm The Renewables Infrastructure Group has bought a wind farm in Ireland for €17.3m. Taurbeg wind farm is capable of producing 25.3MW. It is located near Rockchapel, County Cork in the Republic of Ireland and was developed by the RES group. The project includes eleven Siemens wind turbines, each with […]
EUT : European Inv Trust takes defensive stance European Investment Trust beat its benchmark, the FTSE World Europe ex UK Index, by 1.1% in total return terms over the year that ended on 30 September 2014, producing a return on net assets of 6.4%. Furthermore the discount narrowed from 10.9% to 6.5% and so the […]
IVI : Invesco Income Growth just fails to match benchmark Invesco Income Growth lagged the FTSE All-Share Index a little over the six months ended 30 September 2014, producing a total return on net assets of 0.7% and return to shareholders of 0.5% against a 1.6% return for the Index. The quarterly dividends were increased […]
SRE : Transformative deal for Sirius Real Estate Sirius Real Estate has announced that it is raising €40m through a private placing, getting a secondary listing on the Johannesburg Stock Exchange and acquiring a €76m mixed use German property portfolio. Sirius has placed 105,263,158 new ordinary shares at a price of 38 cents per ordinary share to […]
VNF : PXP Vietnam does well in its final year PXP Vietnam has published its accounts for the year ended 30 September 2014, Over the period the fund’s net asset value rose by 25.9% while, by comparison, the VNI (the Vietnam Index) rose by 21.0%. Shareholders did even better as the discount narrowed, leading to a 42.7% […]
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