JPMorgan Mid Cap has announced interim results for the six months ended 31 December 2014 that show the fund delivering a total return on net assets of 9.6% – well ahead of the FTSE Mid 250 Index which returned 3.2%. The return to shareholders was 9.2%. the interim dividend has been increased by 45%, from […]
JPMorgan Private Equity has announced interim results covering the six months ended 31 December 2014. Its net asset value rose by 7 cents over the period or 6.4% and its share price rose by 5.5%. JPMorgan Private Equity has made good progress on its plan to cut debt and invest $150m in new investments. It has been reducing its exposure […]
Genesis Emerging Markets has reported an NAV that has barely changed over the six months to the end of December 2014 – falling from 578p to 576p. The share price fell by 4% however as the fund’s discount widened to 9.4%. Following a regular internal review, the Manager has considered that a reduction in the […]
JPMorgan Overseas shareholders made more money than the fund’s benchmark, the MSCI all countries World Index, over the latter half of 2014. The total return to shareholders was was 8.7% vs. 7.6% on the Index. The outperformance came from an improvement in the fund’s rating rather than the performance of the underlying portfolio however; on a […]
Herald Investment Trust’s results for the year ended 31 December 2014 show its asset value outperforming its benchmark but shareholders losing money as its discount widened. The total return on net assets for the year was 1.3% while a blend of the Numis Smaller Companies Index plus AIM excluding investment companies and the Russell 2000 (small cap) […]
Primary Health Properties has announced results for the year ended 31 December 2014 that show a 6.3% increase in its EPRA net asset value to 319p (on property values up 3.2% on a like for like basis) and EPRA earnings per share more than doubled from 7.6p to 16.4p. The full year dividend has been […]
Kennedy Wilson Europe Real Estate has recently completed the acquisition of eight loans secured by first ranking mortgages over eight Park Inn hotels across the UK from two financial institutions. The purchase price for the loans is £61.5m reflecting a gross yield on cost of 9.3%. The acquisition will be funded from the Company’s cash resources. […]
City of London’s interim results for the six months ended 31 December 2014 show it generating a total return on net assets of 2.1% and a return to shareholders of 1.6%, better than the FTSE All-Share index which returned -0.4%, the average for its AIC peer group, 1.2%, and the average UK Equity Income OEIC, […]
Utilico Investments has published its interim report covering the final six months of 2014. Over that period the total return on net assets was -2.0% which compares to a return of -0.4% on the FTSE All-Share Index. Within the listed portfolio, Zeta Resources and Resolute Mining fell by 35.2% and 59.0% respectively. This reduced Utilico’s listed portfolio value […]
El Oro has published its interims for the six months that ended on 31 December 2014. The net asset value fell from 95p to 79.7p. Exposure to resource stocks was a significant factor in this. ELX : El Oro net asset value plunges
