Mercantile results for the year ended 31 January 2015 have been published. These show that the fund marginally underperformed the Company’s benchmark with a return of 4.4% against 4.6% for the benchmark. Share price total return was -0.7%. The dividend was increased by a penny to 41p on revenues that fell from 47.5p to 42.1p. the […]
Martin Currie Global Portfolio results for the year ended 31 January 2015 have been released. They show the fund underperforming its benchmark, the FTSE World Index, a bit in net asset value terms – returning 16.1% vs. 17.3% – but marginally outperforming in share price terms – +17.4%.The dividend was increased from 4p to 4.1p but this was […]
Schroder Japan Growth’s interims for the six months ended 31 January 2015 show the company’s NAV produced a total return of 12.1%, outperforming the Benchmark Index, which produced a total return of 8.9%. The share price produced a total return of 11.3% during the period. Andrew Rose’s manager’s report says the sharp fall in the oil […]
VinaCapital Vietnam Opportunities Fund added around 1% to its NAV over the second half of 2014. This was well ahead of the Vietnam Index which fell by 6%. The best performing part of the portfolio was their private equity positions. They sold An Giang Plant Protection for $63.1m. This investment was originally purchased five years ago […]
Over the six months that ended on 31 January 2015, Fidelity Asian Values outperformed its benchmark, generating a return on net assets of 9.2% as compared to 8.2% for the MSCI AC Far East ex Japan Index. Shareholders did even better than this though as the discount narrowed from 12.5% to 11.3%, giving them a total return of […]
NextEnergy Solar is paying up to £17.8m to acquire a 16.5 MWp solar plant at Croydon in Cambridgeshire. The plant was connected to the grid on 2 March 2015 and so will qualify for the 1.4 ROC subsidy regime. The plant was constructed under an Engineering, Procurement and Construction contract negotiated by NESF’s investment advisor, […]
BBGI has announced results for calendar year 2014, reporting a 3.5% increase in net asset value to 109.2p. The dividend for the year was 5.76p, a 4.7% increase on the 2013 figure. The combination of this and the fund’s premium meant that the total return to shareholders was 10.8% for the year. The average discount […]
Polo Resources has just published its interim results for the six months ended 31 December 2014. You might remember that it didn’t publish its NAV per share as at the end of June in its final accounts and there’s no mention of it here, although helpfully they tell us that the NAV has risen from […]
F&C Private Equity has published results for the year ended 31 December 2014. The total return to shareholders over this period was 10.3%. This was made up of a net asset value total return of 7.3% and a narrowing of the fund’s discount. They are paying dividends totalling 10.84p for the year which puts the […]
The Board of Monks has announced changes to the management of that fund. Gerald Smith is being replaced by Charles Plowden and he will be assisted by Spencer Adair and Malcolm MacColl as new deputy managers. The announcement says the change takes place with immediate effect. The Trust will now be managed from Baillie Gifford’s […]
