Impax Environmental Markets results for 2014 show that the fund underperformed its benchmark over the period – the net asset value and share price returns were both 1.7% as compared to the FTSE ET100 Index which returned 4.1%. Environmental stocks also lagged wider markets – the MSCI World Index returned 10.6%. The dividend was increased […]
Asia Total Return beat its benchmark over the course of 2014. In total return terms, the Company’s share price outperformed the market, rising by 12.3%, whilst the net asset value advanced by 15.8% in the year to 31 December 2014. This compared with a rise of 9.2% in the Reference Index in sterling terms and an […]
Camper & Nicholsons Marina Investments saw its net asset value fall from 17.1 cents to 16.1 cents over the course of 2014. The company had a cash injection of £2.4m last June from First Eastern Holdings who are now the majority shareholder in the business, holding 52%. With their help they secured the Victoria Quay […]
In what seems to be a continuation of a trend, Schroder Real Estate has announced today that it is applying to become a REIT. The reason behind this is a change to their current taxation arrangements – they had a deal with HMRC whereby the tax they paid as an offshore company was fairly low. […]
JPMorgan Senior Secured Loan Fund has published results covering the period from its launch in December 2013 to the end of January 2015. They say they got the money they raised in the initial offer invested by the end of January 2014 and, from then until the end of the period, the fund produced a […]
First – Karin Forseke (Alliance Trust’s Chairman)’s message to shareholders in the circular convening the meeting: “Dear Shareholder, Who are Elliott and what do they really want? Our Company has been requisitioned by Elliott Advisors (UK) Ltd. to appoint three additional directors to the Board of Alliance Trust. Your Board believes this is just the […]
Camper & Nicholsons Marinas Limited, has signed an agreement with its landside partner, Westcourt Real Estate (Europe) Ltd and the Homes and Communities Agency to permit the development of Victoria Quay, a landside and seaside development which includes a new 400 berth marina, at East Cowes, Isle of Wight. The agreement is subject to the satisfaction […]
Starwood European Real Estate Finance has announced results for the year ended 31 December 2014 that show a small increase in its net asset value from 99.13p to 100.08p but a much larger increase in its share price from 100.75p to 106.25p. Dividends per share were 5.8p, to give a total return on net assets […]
GLI Finance has increased its stake in Trade River Finance from 9% to 43.9% and taken its interest in Trade River’s preference shares up to 100% by offering to swap shares in Trade River for shares and zeros issued by GLI Finance. A number of shareholders took up the offer and 6.2m new GLI shares have […]
Town Centre Securities has announced the acquisition of Units 2, 3 and 6 Waterside Business Park, a multi-let industrial estate in Stourton, Leeds from clients of CBRE Investors. The three units were purchased for a total of £4.48m, reflecting a net initial yield of 7.25%. Tenants include SW Group Logistics limited, European Stock Solutions Limited […]
