Electra Private Equity has announced that it has agreed to sell its interest in ventilation systems manufacturer Nuaire to Polypipe Group in a deal valued at approximately £145m. On completion of the transaction, which is expected during August, Electra is to receive proceeds of approximately £72m. This represents an uplift of £24 million, or 50% on the […]
The trust formerly known as Martin Currie Pacific has announced today that, following shareholder approval at the AGM on 6 July 2015, the company’s name has now changed to Martin Currie Asia Unconstrained Trust. The Company’s ticker code “MCP” and ISIN will both remain unchanged. Martin Currie Pacific name change takes effect : MCP
Fidelity European Values, managed by Sam Morse (pictured) has announced its results for the six months ended 30 June 2015. During the period, the trust’s NAV total return was 6.1%, which was ahead of that of the FTSE World Europe (ex UK) Index of 4.1%. The share price total was even further ahead at 9.8% reflecting […]
European Assets Trust, managed by Sam Cosh (pictured) has published its interim results for the six-months ended 30 June 2015. During the period, the trusts share price and NAV total returns (23.3% and 22.9% in Euro terms respectively) beat the Euromoney Smaller European Companies (ex UK) Index, which returned 18.5% during the same. Not surprisingly, […]
Ashmore Global Opportunities has announced that, as part of the managed wind-down approved by shareholders in March 2013, it will return 129.49p and 131.77 US cents per GBP and USD share respectively, on 7 August 2015, by way of a compulsory partial redemption of shares. The redemption values are calculated by reference to the 30 […]
Intu Properties has released its interim report for the six months ended 30 June 2015, which show a 1.6% increase in NAV during the period (from 379p to 385p). Underlying earnings per share increased by 6% (from 6.4p to 6.8p per share), whilst a £162 million (1.9 per cent) revaluation surplus and the acquisition of Puerto Venecia […]
Fidelity Japanese Values has announced that Nicholas Price (pictured) will be taking over, as manager of the trust, from 1 September 2015. He replaces Shinji Higaki who has managed the portfolio for eight years. Nicholas has over 20 years’ experience in the Japanese equity market. He joined Fidelity’s Tokyo office in 1993 as a research analyst […]
Temple Bar, managed by Alastair Mundy (pictured) has released its interim results for the half year ended 30 June 2015. During this time, the trusts NAV total return of 4.5% beat that of the FTSE All-Share Index of 1.5%. The biggest contributor during the period was TNT Express, which received a bid from Fedex, whilst building products […]
CEB Resources has published its results for the year ended 30 April 2015. These show a loss in the period of US$ 122,000 with the NAV per share decreasing from 0.3 US cents in April 2014 to 0.2 US cents in April 2015. During the year, the company exited all of its coal investments in Poland and Australia […]
NextEnergy Solar Fund has announced that it has signed a £22.7m debt facility with NIBC Bank. This has been drawn down in full to finance its Cock Hill and Llwyndu projects (the total investment in the projects combined amounts to £32.7m). The facility has a 12-month duration, with a further 12-month extension available. The company […]
