JPMorgan Indian Investment 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 2.2%, ahead of its MSCI India Index benchmark, which returned 1.8%. The share price total return was 0.6%, which reflects a widening of the discount over the six […]
K&C REIT has announced that it has completed the purchase of ‘The Osprey Management Company Limited’, from Ms Susan Hards, for an aggregate consideration valued at £1.6m. The company says that Osprey owns a portfolio of freehold interests in what it describes as, “a number of high quality retirement and residential properties in and around […]
The European Investment Trust has announced its interim results for the year ended 31 March 2016. During the period, the trust provided an NAV total return of 2.2%, thereby underperforming FTSE All-World Europe ex UK Index, which returned 6.9% in sterling total return terms. The managers say that, in their view, the underperformance reflects a […]
Electra Private Equity has provided what it describes as an “Interim update on the review of the Company’s investment strategy and policy and its structure”. Electra say that the review, which was announced in January, is on track for completion in the autumn. However, they say that a number of interim conclusions have been reached […]
JPMorgan European Smaller Companies Trust, chaired by Carolan Dobson (pictured), has announced its final results for the year ended 31 March 2016. During the year, the trust produced a net asset value total return of +16.6%, compared with the benchmark total return of +7.2% over the same. The share price total return for the year was +19.7%, […]
The Edinburgh Investment Trust, managed by Mark Barnett (pictured), has announced its annual results for the year ended 31 March 2016. During the year, the trust produced an NAV total return +4.6% (with dent at market value) versus a negative return of 3.9% for the trust’s benchmark, the FTSE All-Share Index. The company’s share price total […]
UK Mortgages Limited and its manager, TwentyFour Asset Management LLP, have announced that Malt Hill No.1 Plc (a public securitisation backed by buy-to-let mortgages originated by Coventry Building Society Group) has successfully completed the public sale of £263.3mm of AAA-rated bonds. As previously announced, the securitisation is backed by buy-to-let mortgages originated by Coventry Building […]
Majedie has announced its interim results for the half year ended 31 March 2016. During the period the trust provided an NAV total return of 3.4% although, reflecting a widening of the discount during the period, share price total return was -0.7%. In comparison, the FTSE All-Share Index and MSCI World Index rose 3.5% and […]
MedicX Fund has announced its interim results for the six-months ended 31 March 2016. During the period, the company’s EPRA NAV has grown by 0.6% to 71.2p per share (30 September 2015: 70.8 pence per share) whilst its EPRA earnings were £6.8m, equivalent to 1.8p per share (31 March 2015: £7.0 million; equivalent to 2.0p […]
Tritax Big Box REIT has announced that it has exchanged contracts to acquire a National Distribution Centre, let to DSG Retail Ltd (part of the Dixons Carphone plc group), for £77.3m (excluding acquisition costs). The purchase, which is being funded from equity proceeds, reflects a net initial yield of 5.86%. Completion is expected to take […]
