STS : Securities Trust of Scotland underperforms in first half Securities Trust of Scotland lagged its benchmark (MSCI World High Dividend Yield Index) by 2.4% over the six months that ended on 30 September 2014 – making a 2.6% total return on net assets. The Chairman said stock selection was the predominant reason behind underperformance, particularly within the […]
SHRS : Dollar weakness food price competition restraining Shires Income Over the six months that ended on 30 September 2014 Shires Income generated a 1.6% return on net assets – just ahead of the 1.2% return on the FTSE All-Share Index. It moved from trading at a 1.6% premium to a 1.8% discount however and […]
OPP : Brooks MacDonald requisitions Origo meeting On Friday Brooks MacDonald’s spat with Origo reached a new high as it requisitioned a meeting of Origo’s shareholders at which it will propose that all of Origo’s directors, with the exception of Chris Rynning (the Chief Executive), are removed and Brett Miller and Rhys Davies appointed instead […]
NSA : Nimrod Sea Assets adds two platform supply vessels Nimrod Sea Assets is spending $24.4m on a 75% stake in two new platform supply vessels (PSVs), $12.75m now and the balance next April when the second of the two boats is complete. They will be chartered and operated by Fletcher Shipping ( designation: FS Cygnus, […]
QIL : Qannas investing in new financial services company Qannas Investments is spending $20.4m to acquire up to 50% of a new financial services company, Integrated Financial Group. Integrated Financial Group is being set up to acquire First Gulf Financial Services LLC (in the course of being renamed Integrated Securities), which is in the business […]
TRIG : Renewables Infrastructure buys Kirkcaldy wind farm The Renewables Infrastructure Group is paying £32m to acquire a 16MW wind farm at Kirkcaldy, Fife, Scotland. The Earlseat wind farm has eight Vestas V90 2.0 MW wind turbines and was grid-connected in June 2014. The farm is subsidised to the tune of 0.9 ROCs per MWh and […]
SREI : Schroder Real Estate may become a REIT Schroder Real Estate has published its interims figures for the six months ended on 30 September 2014. Over that period the net asset value rose by 13.4% to 55.1p on the back of a 12.7% increase in the value of the property portfolio (by contrast the […]
HVTR : Boardroom row at Henderson Value Trust The Chairman of Henderson Value Trust has resigned and given an interview to a Sunday Telegraph journalist following a row in the Board room about whether to publish the results of a report detailing the illiquidity of some of the funds holding (as it approaches the date […]
SLET : Decent returns from Standard Life Equity Income Over the year to the end of September 2014 Standard Life Equity Income managed to beat its benchmark index delivering a total return on net assets of 6.9% and a return to shareholders of 6.3% vs. a 6.1% return on the FTSE All-Share Index. The dividend […]
GLIF : GLI buying out rest of Sancus GLI Finance is to buy out the other shareholders in Sancus in a deal that values Sancus and its portfolio of loans at £37.75m. £17.75m of the purchase price will be paid in 31.4m new shares in GLI Finance worth £17.75m (valuing those shares at 56.5p). GLI will […]
