IVPU IVPG : Invesco Perpetual Select Trust cuts fees The Board of Invesco Perpetual UK Select Trust, chaired by Patrick Gifford (pictured), has announced amendments to its management agreement with Invesco. The annual management fees on the UK Equity and Global portfolios are falling from 0.75% to 0.65% per annum. Also the maximum performance fee payable in […]
SPDI : Secure Property Development adds to its Romanian exposure Secure Property Development & Investment has announced that it is buying a 12,700 sqm residential portfolio in Bucharest, Romania. The portfolio contains 122 apartments split across four separate complexes in Bucharest. 87 of the 122 apartments are let and these produce net operating income of […]
ESP : Empiric expands into Aberdeen Empiric Student Property is expanding its portfolio with the acquisition of a 56 bed student accommodation property in Aberdeen. They are paying Scape Homes £6.5m for Centro Court, a purpose built block on Loch Street which has 56 studio apartments, bike storage facilities, communal entertainment and laundry areas.
MKLW : Mucklow results benefit from demand for Midlands property Mucklow (A&J) Group’s results for the year that ended on 30 June 2014 show that its EPRA NAV rose from 305p to 358p over the year – an increase of 17.3%. the dividend was increased from 19.64p to 20.23p. Gearing fell from 41% to 30% […]
MCKS : McKay Securities buys offices in Theale Berkshire McKay Securities is spending £8.5m buying three offices outside Theale station (south of Reading, near junction 12 of the M4). The offices, known as Station Plaza, cover 41,846 sq ft and come with 170 car parking spaces. The price paid equates to an initial yield of […]
OCL : Oakley Capital set to benefit from Daisy bid Oakley Capital Investments saw its net asset value fall to £1.91 from £2 over the first six months of 2014. They attribute most of the decline to a fall in the value of Daisy Group – a listed investment held in Oakley’s Fund I – […]
SLS : Standard Life UK Smallers hit by rate rise fears Standard Life UK Smaller Companies has published results for the year ended 30 June 2014 that show it underperforming its benchmark by some margin. Over the year the net asset value total return was 7.7% vs. 20.3% for the Numis Smaller Companies ex Investment […]
HSL : 70% increase in dividend tops another good year for Henderson Smaller Henderson Smaller Companies Trust beat its benchmark, the Numis Smaller Companies Index excluding investment companies, over the year that finished on 31 May 2014 – generating a total return on net assets of 19.9% vs. 19.1% for the index. Shareholders have done […]
TCF : Terra Catalyst NAV dramatically higher and plans distribution Terra Catalyst published its results for the year ended 31 March 2014 on 26 August. These showed its net asset value rising from 76p to 208p over the year. The board also said it would distribute £2.3m to shareholders. A dramatic reassessment in the value […]
AVR : Avarae benefits from sale of Roman gold coins Avarae Global Coins’ results for the year ended 31 March 2014 show an increase in its asset value from 14.4p to 14.5p. The dividend fell from 0.18p to 0.15p. They sold £900,000 worth of Roman gold coins in the USA during the year – a […]
