Macau Property Opportunities results for the six months ended 31 December 2014 have been published. Over the period the fund’s net asset value fell by 3.6% to $4.71 on property valuations down 2.1% to $547.6m (on an IFRS basis, where assets held for sale are valued at the lower of cost and net realisable value, the […]
RIT Capital Partners results for 2014 show the company generating a return on net assets of 9.5% and a return to shareholders of 13.3% as the discount narrowed from 9% to 5.8%. They are keen to stress that the performance has been achieved with a relatively low average exposure to equities of 56% over the year. The […]
Custodian REIT has added to its portfolio, paying £2.465m for a 17,384 sq ft, four storey office building in Glasgow city centre, with excellent transport links to junction 19 of the M8, Central and Queen Street train stations and Buchanan Street underground station. The property is let to four tenants with lease expiries between 30 […]
Pantheon International Participations’ interim figures, covering the second half of 2014, are pretty good. The net asset value rose by 11% and the share price by 10% (over a time when the FTSE All-Share didn’t deliver much of a return and the MSCI World returned 9.7%). The net asset value is now just shy of £1bn […]
Candover’s results for 2014 show a 24% fall in its net asset value from 715p to 545p almost all of which was down to a £35.2m fall in the value of their holding in Expro International (the consequence of the effect of the fall in the oil price on valuations of other oil service companies), […]
City Natural Resources’ net asset value fell by 19.3% to 125.9p over the course of 2014. By contrast their benchmark index (a composite of 2/3 the Euromoney Global Mining Index and 1/3 the Credit Suisse High Yield Index) fell by 9.7% (with the mining index falling by 15.5% and the high yield index rising by 5.7%). […]
SQN Asset Finance Income has published its first set of figures since listing in the middle of last year. by the end of December 2014 the fund had invested about half the £150m it raised in July 2014 in 22 investments. The net asset value at the end of the year was 98.92p and the […]
Kennedy Wilson Europe has published its first set of accounts covering the period from its launch until the end of December 2014. They raised £1,315m of equity during the period. The EPRA NAV at the end of the period was £1,382m or £10.27 per share. They had properties in the portfolio valued at £1,489m and […]
Sherborne Investors results for the year ended 31 December 2014 show the fund generating a return of 11.16% on net assets over the year. This is a lot better than the return on the FTSE All-Share Index but Sherborne Investors has just one investment – Electra Private Equity. Electra’s share price rose by 27% over […]
Ruffer syas that over the six months from 1 July 2014 to 31 December 2014, the net asset value per share of the Company rose by +3.9% after allowing for the dividend of 1.7p paid during the period. The Company’s share price performed better still (+6.8%) as the shares moved from a discount to a premium. […]
