Masawara has published its final results for the year that ended 31 December 2013. Shareholders’ equity fell by $9.6m to $72.6m. The managers say that the company has been adversely affected by a slowdown n the Zimbabwean economy. TA Holdings, 41% held by Masawara, wrote down the value of their investment in Sable Chemical Industries by $13.7m […]
ARC Capital Holdings has been award RMB90m plus interest and arbitration fees by the China International Economic and Trade Arbitration Commission in respect of ARC Capital’s sale of Jiadeli Supermarkets. The sale concluded in October 2010 but the buyer, HNA Group, and ARC Capital were unable to agree on the amount of a “holdback” related to […]
Kennedy Wilson Europe Real Estate is paying €296m for a portfolio of 21 assets including nine office , two mixed, five car showrooms, three leisure, one retail and one warehouse – they bought the loans secured against this portfolio earlier in the year. The Portfolio currently delivers gross rental income of £25m per annum but 10% of […]
BBGI has bought the M1 Westlink road project in Belfast. Completed in November 2009, the 60km motorway and short dual carriageway section in the heart of Belfast generates revenues based on the availability of the asset rather than the volume of traffic using it. The concession expires in 2036.
Sadly, Acorn Income Fund has announced that John McClure, co-manager of the fund, has died. John was involved with the management of the fund from its inception and although Unicorn Asset Management say Simon Moon and Fraser Mackersie, the other co-managers of the Company’s smaller companies portfolio who have worked with John since 2008 will […]
Worldwide Healthcare has published its results for the year that ended 31 March 2014. Over the period the fund’s net asset value generated a total return of 25.9%. The fund’s rating improved, driving the total return to shareholders for the period up to 30.8%. The MSCI World Healthcare Index delivered a return of 14.9% over […]
Fidelity China Special Situations released its annual results on 6 June. These showed that over the year to the end of March 2014, the fund’s net asset value rose by 19.5% and its share price rose by 14.1%- in marked contrast to the fund’s benchmark, the MSCI China, which fell by 6.9%. The dividend increased from […]
Camper & Nicholson Marina has published its results for the year that ended 31 December 2013. While somewhat out of date now, the figures show that over the year its net asset value per share fell from €0.28 to €0.17. The company intends to raise £2.4m by issuing shares at 10p. The issue is underwritten […]
Alpha Pyrenees Trust has announced that it has sold a 5,180 sqm multi-let warehouse and office investment, in Vitry-sur-Seine near Paris, for €5.7 million – 7.5% more than its book value. At the same time Alpha Pyrenees Trust has announced that it has sold the larger of the two vacant warehouse units located in Zaragoza, Spain for €1.3 million (book […]
Edinburgh Worldwide has released interim results that cover the six months that ended 30 April 2014. Approximately half way through the period Edinburgh Worldwide changed its remit and moved its portfolio from investing predominantly in large cap. stocks to investing in those with a market capitalisation of £5bn or less (only about 20% f the […]
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