Henderson High Income (HHI) has announced its annual results for the half year ended 30 June 2020, during which, despite being defensively positioned, it underperformed its benchmark primarily due to its gearing which is a key component of its structure that allows it to generate its high level of income. The announcement says that, during […]
Ruffer has announced its annual results for the year ended 30 June 2020, which the chairman, Ashe Windham has described ‘as an excellent set of audited results’. He goes on to say that this is the result that the Directors were confident that the Manager would achieve when the crisis, of whatever stamp and timing, […]
LondonMetric Property (LMP) has announced that it has sold a portfolio of six distribution warehouses for £57.3m to Canmoor and AIMCo (a Canadian institutional investor) reflecting a blended net initial yield of 5.3%. LMP has built the portfolio over a number of years, which includes last year’s acquisition of A&J Mucklow. LMP says that the disposal will crystallise an £8.8m profit on cost and […]
Hipgnosis Songs Fund has announced that it has acquired the music catalogue of Chrissie Hynde, founding member, lead vocalist and primary song writer of The Pretenders. Hipgnosis has acquired 100% of Chrissie’s music publishing catalogue of 164 songs including the publishing and writer’s share (PRS) from the Pretenders and her other projects. About Chrissie Hynde […]
In QuotedData’s morning briefing 11 September 2020: Schroder Asian Total Return has published its interim results for the half year ended 30 June 2020. The chairman, Sarah MacAulay, says that, the trust provided a NAV total return of 6.1% in the period, outperforming both the return of the reference Index of 0.7% and of the peer group […]
Impact Healthcare REIT (IHR) has announced that it has exchanged contracts on an individual property, St Peters House, in Bury St Edmunds, for a net consideration of £7.4 million. St Peters House is to be leased to an existing tenant. The initial rent will be £555,000, reflecting a yield of 7.5%. IHR has also completed […]
Mid Wynd International (MWY) has announced its annual results for the year ended 30 June 2020, during which it has a good year of performance, comfortably outperforming its benchmark. During the year, MWY provided NAV and share price total returns of 12.2% and 9.1%, both of which exceed the equivalent 5.2% rise provided by the […]
Witan has announced that it has appointed WCM Investment Management (WCM) and Jennison Associates (Jennison) to manage global growth portfolios. The portfolio transition took effect during the latter part of August. WCM has been allocated $200m to manage (8% of Witan’s assets), while Jennison has been allocated $100m to manage (4% of Witan’s assets). Witan […]
In QuotedData’s morning briefing 4 September 2020: Weiss Korea Opportunity (WKOF) has announced interim results for the half-year ended 30 June 2020. During the period, WKOF provided an NAV total return of 11.3%, outperforming its reference index, the MSCI Korea 25/50 Net Total Return Index, which decreased 1.7% (all figures in sterling total return terms). Capital […]
M&G Investment Management Limited (MAGIM) has announced “a revised and final possible all-cash offer” (its final proposal) for UK Mortgages Limited (UKML) of 70p per ordinary UKML share. MAGIM is making the offer on behalf of one of its managed funds, M&G Specialty Finance Fund. MAGIM says that the UKML board refuses to engage with […]
