JZCP : Busy period for JZ Capital as it deploys $129m Adding back the dividend they declared in the period, JZ Capital’s net asset value rose from $10.25 to $10.27 over the six months that ended 31 August 2014. The dividend paid in the period was 16 cents per share and they have just announced […]
QIL : Qannas investing in London property Qannas Investments, the fund specialising in investments in countries that are members of the GCC (the Gulf Co-operation Council) is investing £11m into a £50m project to refurbish 1 Palace Street. 1 Palace Street is intended to be a luxury residential property with a spa / health center […]
VOF : VinaCapital Vietnam Opportunity Fund keen to tackle its discount VinaCapital Vietnam Opportunity Fund results for the year that ended on 30 June 2014 have been published today. The asset value increased from $2.88 to $3.27. They bought back $52.3m worth of shares – taking the total to 26.6% of the fund since they initiated […]
MNL : Manchester & London hit hard by hedging error and PZ Cussons Over the year to the end of July 2014, Manchester & London’s net asset value fell by 12.3% – a long way short of its benchmark which rose by 1.9%. The dividend was maintained at 13.75p despite revenue falling to 13.63p. The […]
ARR : Aurora hit by range of stock specific problems Aurora Investment Trust underperformed during the six months that ended on 31 August – the net asset value return was -2.5% vs. a 0.7% fall in the FTSE All-Share Index. The discount narrowed a little however (from 13.4% to 12.2%) and so the return to […]
MVI : Marwyn invests in Haversham Holdings Marwyn Value Investors LP (the master fund that underlies Marwyn Value Investors Limited) is investing £8.95m as part of a £30m fund raise for Haversham Holdings. Haversham Holdings is a new shell company that is floating on AIM. Haversham will target acquisitions in the UK & European automotive, support […]
THRL : Target Healthcare says it’s on track Target Healthcare REIT’s first set of results were published earlier in October and today it has published its first annual report. On 30 June 2014 its share price was 104.75 – a 10.6% premium to net asset value, and it had declared dividends totalling 8p since listing. […]
AAS : Better second half for Aberdeen Asian Smaller The year to the end of July 2014 saw Aberdeen Asian Smaller Companies generate a negative return for shareholders of 4.2%. By contrast the MSCI AC Asia Pacific ex Japan Index returned 7.3% and the MSCI AC Asia Pacific ex Japan Small Cap Index returned 4.6% […]
CMB : Cambria Africa sells Leopard Rock Hotel Cambria Africa has released a trading update covering the period up to the end of August 2014. They say their two main investments, Payserv and Millichem, delivered organic revenue and gross profit growth of 11% over the year. Millichem acquired another business, C&M, which is being integrated […]
PLI : Perpetual Income and Growth cuts fees The Board of Perpetual Income and Growth has negotiated a reduction in the fees it pays to Invesco. The base management fee, which is currently 0.75% on assets will fall to 0.6% on the first £500m of assets and 0.4% thereafter. The performance fee has a cap […]
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