The net asset value of South African Property Opportunities (SAPO) fell from 69p to 37p per share over the year to end June 2014 (somewhat ancient history now). 19p of the fall was accounted for by a distribution they made to shareholders, 10p relates to a fall in the value of the South African Rand […]
Seneca Global Income & Growth lagged its current benchmark a little over the six months that ended 31 October 2014, producing a return on net assets of 0.6% and a return to shareholders of 1.1% vs. a 1.8% return on 3-month LIBOR plus 3.0 per cent. However, the Board has already said that it isn’t […]
Oakley Capital has announced the sale of intergenia GmbH for an enterprise value of €210m. The deal crystallises a 2.5x gain, a 36% IRR, for the Oakley funds that backed the original deal, including Oakley Capital Investments Limited. The fund’s share of the proceeds is €21m. They say intergenia is headquartered in Cologne and is a […]
Polo Resources has just got round to publishing its results for the year that ended on 30 June. In what is actually quite a comprehensive report on the current state of the business, the NAV per shares at the end of June isn’t mentioned (total equity net of all liabilities was $143.6m at the end […]
Artemis Alpha Trust has reported results for the six months ended 31 October 2014. this was a difficult period for UK Smaller Companies with the FTSE Small Cap Index falling by 6% and the FTSE AIM All-Share Index falling by 11.9%. The FTSE All-Share Index fell by 1.6%. Artemis Alpha managed to increase its net […]
CQS Diversified has announced its results for the year ended 30 September 2014. the net asset value of the Sterling class of shares rose by 2.1% over that period and they paid dividends of 1p per quarter. The US dollar class was wound up in September after it failed its continuation vote. Now the Board […]
Polar Capital Global Healthcare results for the year that ended on 30 September 2014 have been released. Over the year the fund underperformed its benchmark by 5.1%, generating a return on net assets of 19.7% vs. 24.8% for the MSCI ACWI/Healthcare Index. The shares moved from a premium of 1.8% to discount of 5.4% so […]
The year to the end of October 2014 was a difficult one for shareholders in Dunedin Smaller Companies. It underperformed its benchmark a little – generating a return on net assets of -3.6% against the FTSE Small Cap.’s -2.4% but notably its discount widened from 4.4% to 16.9% resulting in a return to shareholders of -16.2%. On […]
Over the half year to the end of October 2014 F&C Global Smaller Companies delivered a return on net assets of 4.4% and a return to shareholders of 4.9%. The Company’s Benchmark is a blended index of the returns from the MSCI All Country World ex UK Small Cap Index (70%) and Numis UK Smaller […]
Hg Capital is buying A-Plan insurance from Equistone Partners. The trust is contributing £14.9m of its money to the deal. A-Plan Insurance was founded in 1963 and is based in Oxfordshire. It provides products from a wide range of insurers, including SME commercial, motor and home, and high net worth insurance. A-Plan currently operates 73 branches […]
