Graphite Enterprise has sold its fifth largest investment, the National Fostering Agency, for £11.9m. They say this adds 0.5% or 3.6p to the net asset value. This was an investment managed by Graphite Capital that they bought in 2012. GPE : Graphite Enterprise sells National Fostering Agency
BlackRock Smaller Companies results for the year ended 28 February 2015 show the fund generated a return on net assets of -1.8%, much better than the 8.5% fall recorded by the Numis Smaller Companies plus AIM (excluding Investment Companies) Index. However the company’s discount widened leaving shareholders with a return of -9.2%. The dividend was increased […]
Prospect Japan says its net asset value rose by 9.2% over the course of 2014 – well ahead of the -0.12% return on the MSCI Japan Small cap Index but these numbers are calculated on an IFRS basis where their investment in a convertible bond issued by the manager is valued at $51m vs. its $25m cost. […]
P2P Global has published its first set of accounts – covering the period from its IPO in May 2014 to the end of December 2014. By the end of the year the company’s net asset value was 1001.76p (the issue price was 1000p), the shares were trading at a 17.8% premium and it had paid […]
Aseana Properties results for 2014 have been published. The net asset value rose from 0.75 cents to 0.76 cents and the share price from m0.44 cents to 0.45 cents. Increased sales of properties helped reduce the company’s borrowings and the net debt to equity ratio dropped from 120% to 110%. They did not pay a dividend. The […]
NB Global Distressed Debt has published results for the year ended 31 December 2014. The fund now has three share classes – ordinary, extended life and new global. At 31 December 2014, 92.9% of the ordinary pool (NBDD)’s NAV was invested in distressed assets and 7.1% of NAV was held in cash and equivalents. NBDD’s […]
Alliance Trust has announced this morning that they have reached an agreement with their largest shareholder, Elliott Advisers, whereby Elliott has agreed to withdraw its three resolutions from the Alliance Trust AGM on 29 April 2015 and has committed to support the Board and management on all other resolutions. As part of the deal, both the […]
Burford Capital has, with its recent final results announcement for the year ended 31 December 2014, posted a 43% increase in its operating profit to $60.7m (2013: $42.5m). This represents a 17% return on equity. The company is also proposing a 34% increase in the dividend to 7.00c per share (2013: 5.23c). Burford saw a 35% increase […]
MirLand Development Corporation’s final results, for the year ended 31 December 2014, show an 18% increase in total revenues from investment properties. The company says this is due to both an increase in income from yielding assets as well as full consolidation of the Vernissage Mall in Yaroslavl. However, Mirland has also suffered a loss of $62.9m, during 2014, due to the […]
British land has announced a £50m refurbishment of its Meadhowhall Shopping Centre (pictured), to mark its 25th anniversary. The refurbishment, which focuses on the centre’s interior, starts in Autumn 2015 and will be completed by the end of 2017, and will create distinct ‘districts’ within the centre. The works will largely be completed out of hours to enable all […]
