Geiger Counter’s results for the year ended 30 September 2014 show the net asset value falling from 31.3p to 26.9p and the share price flat at 24.75p. The Uranium price has improved (it was $43 when they wrote their statement, having touched a low of $28) and they believe this is a reflection of where […]
RIT Capital has announced that it is buying GVO Investment Management (GVOIM), the investment manager for Strategic Equity Capital (SEC) and is also taking a stake in that fund. The announcement says GVOIM will continue to operate as a separate legal entity with the same autonomous management team, structure and investment process. Stuart Widdowson and […]
Mirland has released a statement this morning describing the effects of the collapse in the value of the Rouble vs. the US dollar on their business. they say “the extreme currency devaluation may have severe implications on the ability of tenants to meet their obligations and thus affect the Company’s financial results and liquidity”. Mirland […]
Trinity Capital’s net asset value fell from 13.4p to 9.4p over the six months that ended on 30 September 2014. 2.5p of that fall related to a distribution that the company made to its shareholders. 1.3p of the fall relates to losses (both realised and unrealised) on the fund’s investment in SKIL Infrastructure. Today the […]
Adamas Finance Asia is getting $25m from the redemption of the convertible bond it holds in Global Pharm Holdings. ADAM will receive an initial payment of US$2.4 million on 31 December 2014, a further US$9 million on 31 March 2015 and a final payment of US$13.6 million on 30 April 2015, yielding an aggregate of […]
JPMorgan Brazil’s results for the half year that ended on 31 October 2014 show the fund underperforming its benchmark (the MSCI Brazil 10/40 Index) as the net asset value fell by 1.7% against a rise in the Index of 1.4%. The share price return was -2.6%. The major influence on the Brazilian market was the […]
Local Shopping REIT managed to generate an NAV uplift of just 1p per share (from 41p to 42p) over its accounting year that finished on 30 September. LSR adopted a policy of selling off its portfolio and returning proceeds to shareholders in July 2103 and has made some progress with this over the year. It managed […]
Hansteen has sold off £43.9m worth of its industrial portfolio. The eleven UK assets sold from the Ashtenne Industrial Fund (which Hansteen holds 36.7% of) comprise Langley Park (a 48 acre site in the centre of Chippenham in Wiltshire with 800,000 sq ft of office and industrial space occupied by tenants including Siemens PLCS, IXYS […]
LXB Retail Properties has announced a 15.6% uplift in its EPRA NAV to 134.54p over the year that finished on 30 September 2014 and profit up from £25m to £36m. The year was notable for them securing 1.2m sq ft of new planning permissions within the portfolio. They are offering shareholders a continuation vote at […]
Schroder Real Estate is spending a large chunk of the money it raised in November on a 50% interest in the University of Law campus in Bloomsbury, London W1. Schroder Real Estate is spending £34m for its half, alongside Schroder UK Property Fund, also managed by Schroder Real Estate Investment Management, for a total price […]
