British Land have announced their annual results for the year ended 31 March 2016. During the year, the company says that underlying profit increased by 16.0% to £363m, whilst the company’s EPRA NAV increased by 10.9% to 919p per share (or 932p pre the budget stamp duty increase). The company generated an IFRS profit before […]
Custodian REIT has announced that it has sold a purpose-built student residential building in Lenton, Nottingham for £1.2m, which is ahead of cost and the 31 March 2016 valuation. The property, which was part of the initial portfolio acquired on Custodian REIT’s admission to the London Stock Exchange in 2014, was fully let for the […]
Custodian REIT has announced the results of its placing (as announced on 19 April 2016), which raised £20.98 million before costs and expenses. The placing price of 104.9 represents a premium of approximately 5.0% to the unaudited NAV as at 31 March 2016 as adjusted to deduct the dividend of 1.6625 pence per share payable […]
Scottish Mortgage has announced its annual results for the year ended 31 March 2016. During the period, which its chairman says, “has not been as strong as in recent years”, the company’s NAV effectively remained flat in total return terms (it fell 0.1% over the year) but beat it FTSE All-World Benchmark, which declined by […]
North Atlantic Smaller Companies Investment Trust has announced its annual results for the year ended 31 January 2016. During the period, the company’s fully diluted NAV per share rose by 21.6% to an all-time high of 2,746p. This compares with a rise in the sterling adjusted Standard & Poor Composite Index of 2.8%, whilst the […]
Honeycomb Investment Trust has announced that it has completed the placing, announced yesterday, of 5 million new ordinary shares in the Company, raising gross proceeds of £50m. The placing shares are to be issued at a price of £10 per share, which represents a 1.5% to the trust’s estimated net asset value per share of […]
Schroder Oriental Income Fund has announced its interim results for the six months ended 29 February 2016. During the period, the company provided NAV and share price total returns of 8.6% and 4.5% both outperforming the company’s MSCI AC Pacific ex Japan Index, which rose by 4.3% (all in sterling terms). The company says that […]
Greencoat UK Wind has announced the results of the first tranche of its share issuance programme that was announced on 14 April 2016. The fundraising will see 95,238,101 new ordinary shares issued, at a price of 105p per share, raising gross proceeds of £100m. The company says that the proceeds will be put to work […]
Henderson European Focus Trust has announced its interim results for the six months ended 31 March 2016. During the period, the company provided an NAV total return of 6.3%, thereby mildly underperforming its benchmark, the FTSE World Europe ex UK Index, which returned 6.7%. In contrast to this, and reflecting a widening discount during the […]
Following the release of its interim results, 3i Infrastructure has announced the launch of £350m capital raising, by way of an open offer, placing and intermediaries offer. The company says that the proceeds to be used to fund the completion of its investments in Wireless Infrastructure Group and TCR, totalling approximately £230m, and to make […]
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