CLDN : Caledonia sitting on sizeable war chest Caledonia’s net asset value rose by 4.6% in total return terms over the half year to the end of September 2014. The interim dividend was increased from 13.4p to 13.8p. Caledonia, which organises its portfolio into a number of discrete pools, says that the growth came from the […]
NII : New India beats rising market New India Investment Trust reported a 21.5% total return on its net asset value over the six months ended 30 September 2014, ahead of the MSCI India Index which rose by 18.6%. The fund’s discount has narrowed noticeably as well from 14.6% at the start of the period to something […]
JESC : JPMorgan European Smaller Companies caught out by two IPOs JPMorgan European Smaller Companies results for the half year to the end of September 2014 have been published. The net asset value total return was a negative 16.6% – some 7.1% less than the return on the fund’s benchmark, the Euromoney Smaller European Companies […]
KIT : Pharma exposure helps Keystone post market-beating figures Keystone has published its annual results. these cover the year that ended on 30 September 2014. Over that period the fund’s net asset value total return was 12.5%. The share price though returned just 7.4% as the discount widened from 0.8% to 5.4%. Both measures outperformed […]
DLN : Derwent London buys Angel Square in EC1 Derwent London, which owns a number of properties close to Angel and Old Street tube stations, has acquired the freehold of Angel Square, London EC1 for £75m. The property sits on the corner of Islington Street and City Road, directly above Angel tube station. It consists […]
LMP : LondonMetric sells Bishop Auckland Retail Park LondonMetric Property is selling Bishop Auckland Retail Park to Standard Life Investments for £23.6m The price works out at an initial yield of 5.27%. LMP bought the land for £2.3m and then spent £15.8m over the course of 2012 and 2013 developing the site and so the […]
APEF : Aberdeen Private Equity benefits from internet exposure Aberdeen Private Equity Fund’s net asset value rose by 4.6p or 4.2% over the six months that ended 30 September 2014. Taken with the interim dividend of 2p, the total return on net assets was 6.1%. The strengthening US dollar contributed about 0.7p to this. A couple […]
TFIF : TwentyFour Income increases CLO exposure as spreads widen Over the six months to the end of September 2014 TwentyFour Income Fund generated a total return of 6.5% on its net assets. It is paying quarterly dividends of 1.5p, in-line with forecast of 6p dividends for the year as a whole. They say the […]
LTI : Lindsell Train insures their key men Over the six months to the end of September 2014 the total return on Lindsell Train’s net asset value was 8.7% – a lot better than its benchmark (the index of the annual average yield on the UK 2.5% Consolidated Loan Stock) which returned 2.1% and better […]
PNL : No change at Personal Assets Personal Asset’s net asset value rose by 1.6% over the six months that ended on 31 October 2014 while the FTSE All-Share Index fell by 3.2% over the same period. The shares moved from trading at a small discount to a small premium and the share price rose […]
