McKay Securities has announced it results for the year ended 31 March 2014. Over the year the company’s EPRA NAV fell from 238p to 227p. The final dividend was raised a little – the full year dividend rose from 8.5p to 8.6p. McKay Securities raised an additional £87m of equity capital in February. They had […]
Custodian REIT has made its second acquisition – spending £2.5m to buy the site of a Toyota car dealership in Peterborough. The property has a 25,724 sq ft showroom and workshop on a 1.6 acre site. The rent is £225,500 per annum (an initial yield of 8.5%) and the tenant is Marshall Motor Group..
Cambria Africa is issuing 5.5m shares to buy Chemicals & Marketing Company Ltd, based in Malawi. Cambria Africa says that the deal gives its Millchem subsidiary access to a national chemical distribution network across Malawi and that it “has a strong asset base for logistics and production and also provides Millchem with new supplier relationships, a large […]
GCP Infrastructure Investments is investing £7m in loan notes issued to fund a small hydroelectric scheme based in Scotland. The total value of the loan notes is £7m and the money is being lent at 9% per annum for a period of about 18 years. The scheme generates almost 2MW of electricity and is already […]
Livermore Investments, controlled by Noam Lanir (pictured), has released results for the year ended 31 December 2013. The numbers, while somewhat out of date now, show that, over 2013, Livermore Investments net asset value per share fell slightly from $0.87 to $0.86 ($173.0m to $168.4m). Income from Livermore’s CLO investments was offset by a fall in […]
Qannas Investments has sold its investment in Marina 101 to Sheffield Holdings Limited (which developed it) and will receive proceeds of AED 60.3m ($ 16.4m), making a 51% return on its investment in two years, equivalent to an IRR of 22.8%.
Harbourvest Senior Loans Europe has announced that Spire Partners, who were appointed as sub advisers to the fund a little while ago, have now been named as the company’s investment managers. The arrangement with Harbourvest has been terminated and the company’s name will be changed in due course if shareholders approve.
Schroder UK Mid Cap Fund, managed by Rosemary Baynard (pictured) and Andy Brough, outperformed over the six months ended 31 March 2014 – returning 15.4% while the FTSE Mid 250 returned 11.0%. The discount narrowed from 6.1% to finish March at 2.6% and this helped improve the return to shareholders to 19.9% however this has reversed […]
JPMorgan Chinese has published its interim for the six months to end March 2014. The company beat its benchmark (the MSCI Golden Dragon) but overall the total return on assets a small drop of 0.2% (compared to a 2.5% loss on the index). Shareholders did get a positive return of 3.9% however as the discount narrowed.
JPMorgan European Smaller Companies has published its results for the year ended 31 March 2014. It was a great year for the fund as the total return on net assets was 40.6%, well ahead of the 32.8% return generated by the Euromoney Smaller European Companies ex UK Index (the company’s benchmark – this used to […]
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