News

31 Jan 2014

Intu Properties : INTU – Westfield Derby and Merry Hill

Intu Properties has commented on press speculation that it is considering buying Westfield’s shopping centre in Derby and buying an interest in and getting the management contract for the Merry Hill shopping centre in Dudley. Intu says discussions are taking place and, if the acquisition happens, it will be funded, in part, by a new issue […]

31 Jan 2014

Cambium Global Timberland : TREE – half year figures

Between 30 April 2013 and 31 October 2013 Cambium Global Timberland’s net asset value per share fell from 59p to 48p. As previously announced (in October 2013) Cambium wrote down the value of its Tarrangower property in Australia and its properties in Hawaii. At the time they said they might have to make a provision […]

31 Jan 2014

Henderson Smaller Comapnies : HSL – half year report

Over the six months to end November 2013 HSL delivered a NAV return of 14.5% and a share price return of 14.7% – marginally outperforming the Numis Smaller companies Index which returned 14.4%.  

31 Jan 2014

Prospect Japan : PJF – change of investment policy

Prospect’s manager is keen that their investment remit be expanded, arguing that if they are allowed to take larger positions in companies and engage with them to encourage share buy-backs, asset sales and reconstructions, the fund will benefit. To that end the Board is proposing that the maximum investment in any one company be set […]

31 Jan 2014

Invista European Real Estate : IERE – Annual Report

IERE’s Annual Report as at 30 September 2013 shows a fall in NAV from €0.38 to €0.246. They have €100m of property on the block and are working on renegotiating their bank debt. Disposals and new lettings have reduced the vacancy rate on the portfolio from 24% to less than 20%. The debt was reduced […]

31 Jan 2014

Ecofin Power & Water Opps : ECWO – results

Over the year to the end of September 2013 the assets of the company rose by 6.8%. The total return to an ordinary shareholder was 13.0% and the NAV return 11.0%. The numbers were held back by a fall in the value of ECWO’s largest holding, Lonestar Resources, in part because of a fall in […]

30 Jan 2014

Great Portland Estates : GPOR – q3 numbers

Great Portland Estates reports a 5.8% uplift in the portfolio valuation over the final quarter of 2013 driven by an 8.2% uplift in the valuation of development properties and rental growth of 1.3%. This helped drive an 8.2% uplift in the EPRA NAV to 527p. Vacancy rates across the portfolio have fallen as they signed […]

30 Jan 2014

Bilfinger Berger Global Infrastructure : BBGI – first US project

Bilfinger Berger infrastructure has bought a one third stake in the Ohio River Bridge / East End Crossing PPP project. the bridge, close to Louisville, Kentucky connects Clark County Indiana with Jefferson County, Kentucky  

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