Custodian REIT has added further to its property portfolio with the acquisition of two modern industrial units on the 100 acre Estuary Commerce Park, Speke, Liverpool (next to Liverpool John Lennon International Airport) for £3.1m, equivalent to a net initial yield of 7.7%. Unit C is let to Powder Systems Limited on a 20 year […]
Secure Property Development & Investment has published its results for 2013. The fully diluted net asset value at the end of December 2013 was $1.62 – down from $2.67 at the end of 2012 – the main cause of this was a substantial dilutive equity issue. Occupancy at their Terminal Bovary property was 100%at the year […]
Tau Capital has published its results for the year to the end of December 2013. These are somewhat academic now but, for what it’s worth, its NAV declined from $0.53 to $0.30. Since the year end its investment in Stopharm has been written down further.
PME Africa has published its results for the year ended 31 December 2013 and has also announced that it intends to make a transformative deal that would result in it becoming a trading company. Over 2013 PMEA’s net asset value rose to $0.46 from $0.39. It bought back a quarter of its share capital at […]
Treveria has published its results for 2013. Excluding deferred tax, the net asset value of Treveria fell from €0.232 to €0.080 over the year to the end of December 2013. Part of this fall is accounted for by distributions made to shareholders of 3.25 cents and 1.25 cents in March and November 2013. The bulk […]
Trading Emissions is in dispute with Chinese counterparties to CER (Certified Emission Reduction) Transaction Agreements. Two claims came in in March – these total €6m and were disclosed in Trading Emission’s accounts. On 23 June they received claims totalling €18m relating to four agreements. The company thinks these claims are “unjustified and is rigorously defending them”.
After selling a shopping centre in Sunderland, Land Securities is spending the proceeds on a 30% stake in Bluewater. The purchase price is £656m, the seller is Lend Lease and Land securities are also paying £40m for the rights to manage the whole centre and the adjoining land (110 acres). The purchase price equates to […]
Gresham House has announced that a group of individuals have come forward with a set of proposals to put to Gresham’s shareholders as an alternative to liquidating the fund. The group consists of Tony Dalwood (ex manager of Strategic Equity Capital), Michael Phillips (ex chief executive of Iimia – which is now Miton, Anthony Townsend (ex […]
Dunedin Enterprise is making a £5.9m investment in EV Offshore Limited which designs, manufactures and provides high performance, ruggedised video cameras that are used to diagnose and analyse problems in oil and gas wells. EV Offshore is based in Aberdeen and Norwich and exports around the world.
The interim results for Henderson Opportunities Trust (for the six months ended 30 April 2014) show the net asset value total return outperforming the FTSE All-Share Index – NAV +7.0%, benchmark +2.7%. The return to shareholders was even better +14.1%. The dividend was increased by 12.1% to 3.7p. The biggest positive impacts ion the portfolio […]
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