Invista European Real Estate Trust has published its interim accounts. These cover the six months ended 31 March 2014. The net asset value fell from €0.25 to €0.20 over the period reflecting a 5.3% fall in the value of the company’s property portfolio. Four assets were sold during the period at a 15.6% discount to previous valuation […]
Elephant Capital has released its interim figures for the six months ended 28 February 2014. Its net asset value rose from 33p to 34p over the period. They wrote down the value of Amar Chitra Katha Private (a children’s media company) during the period but gains in its listed investment, Nitco Limited (flooring and wall tiles), offset […]
Capital Gearing Trust, chaired by Tony Pattison (pictured), has released its annual results. These cover the year ended 5 April 2014. Over this time Capital Gearing Trust’s net asset value fell by 2.5%. This was the first time in more than thirty years that the fund’s net asset value had fallen over an accounting year. […]
Montanaro European Smaller Companies has published its results for the year ended 31 March 2014. These show the net asset value rising by 6.0%, materially less than the 28.2% rise posted by the company’s benchmark. The discount widened over the year and so the share price appreciated by 4.0%. The Board is led by AR Irvine (pictured), his statement […]
New India Investment Trust has released figures for the year ended 31 March 2014 showing a negative total return on net assets for the year of 1.9% which compares to a 2.8% fall in its benchmark and a negative 5.1% return on its share price. In Rupee terms returns were not too bad but a 21% […]
Tamar European Industrial Fund has sold a property in Sweden for £7.94m. The property is a 25,000 sq m warehouse located in Kungsbacka (south of Gothenburg) let to Blondie Logistics and Santa Maria AB. The sale price equates to an initial yield of 11.0%. This was 1.6% below the last valuation for the asset in […]
Over the year to the end of March 2014, Shires Income, managed by Ed Beal, delivered a total return on net assets of 11.5% – ahead of the 8.8% return on its benchmark, the FTSE All-Share Index. Shires Income’s rating improved over the period and so the return to shareholders was 14.0%. The dividend was maintained at […]
Electra Private Equity has released its interim statement. This covers the six month period ended 31 March 2014. Over the period Electra’s net asset value rose by 5.4% to 2,914p, driven in part by gains in the valuations of Axio Data and Park Resorts. Electra outperformed the FTSE All-Share Index, which rose by 4.8%. Electra’s share price […]
On 22 May International Oil & Gas Technology announced that the English Commercial court ruled that the claim brought against the company by the former manager, QOGT Inc, for alleged wrongful termination of the investment management and advisory agreement had failed in its entirety. International Oil & Gas Technology will have its costs paid by QOGT. A counter claim brought […]
Ecofin Water & Power Opportunities generated a total return of 9.0% on shareholders’ funds for the six months ended 31 March 2014. With the gearing effect of the zeros, the return on net assets for ordinary shareholders was 12.3% and the total return for ordinary shareholders was 13.4% as the discount on the ordinary shares […]
