CIFU : Carador Income Fund provides modest returns during H1 2014 Carador Income Fund provided a total return of 3.67% during the first half of 2014. This comprised a fall in NAV of 2.12% during the period (from US$0.9466 to US$0.9265 per share) combined with dividends of US$0.0540 per share. CIFU’s shares closed the first half of 2014 at […]
PHP : Primary Health Properties acquires health centres in Kidderminster, South Petherton and Crewkerne Primary Health Properties has announced the acquisition of three modern, purpose built, health centres for £14.3m. The properties are Hume Street Medical Centre in Kidderminster (Pictured – 2,387 square metres with GP practices and apharmacy as tenants), South Petherton Medical Centre (916 […]
MXF : MedicX Fund raises £50m through private loan note placement MedicX Fund has announced that it has raised £50m through the private placement of a loan note with a single institutional buyer. The loan notes mature in August 2019 and have an all-in interest rate fixed at 3.80%. The notes are secured against certain properties. £15 million of […]
VNH : Vietnam Holding posts strong performance on the back of rising equities market and buy backs Vietnam Holding‘s recent full year results (for the year ended 30 June 2014) report a 25% rise in NAV. Buybacks, during the period, had an accretive effect on NAV but, after adjusting for these, the company reports a rise […]
SIHL : Symphony International Holdings benefits from performance of Minor International and IHH Healthcare Symphony International Holding’s recent interims report an 11.7% rise in its NAV during the first half of 2014 (from US$1.1759 to US$1.3131). This is primarily due to strong price performance of its holdings in IHH Healthcare and Minor International. These added US$ 9.8m and US$ […]
BLND : British Land add Next and Marks & Spencer Simply Food as tenants at Wheatley Retail Park (pictured) British Land has announced that it has agreed terms with Next, and Marks & Spencer Simply Food, for two new units at the Wheatley Retail Park in Doncaster. Next, already a tenant at Wheatley, is taking a larger unit (23,518 […]
ESP : Empiric Student Property acquires Edge Apartments, in Selly Oak, Birmingham, for £8.9m Empiric Student Property has announced that it has acquired Edge Apartments (pictured), in Selly Oak, Birmingham, for £8.94m. Edge Apartments is a purpose built, 77 bed, student accommodation property which also benefits from rental income from a Sainsbury’s store (which is […]
IIP : Infrastructure India has raised £61m (us$102) from Barnet Holdings Infrastructure India has announced that it has placed 337,607,041 new 1p ordinary shares at 18p (a 24% premium above the mid-market closing price of 14.5p on the 14th July) raising £61m (US$ 102m) before expenses. In accordance with a subscription agreement, announced on 20 August 2014, Barnet Holdings Limited has subscribed […]
ELTA : Electra Private Equity sees advances from Sherborne move up a gear Electra Private Equity has announced that it has received a requisition request from Sherborne Investors GP, LLC requiring Electra’s directors to call a general meeting of the Company’s shareholders. The objective is to consider resolutions that 1) Mr. Edward Bramson (of Sherborne Investment Management) […]
AIF : Acorn Income Fund’s discount opened up during the first half of 2014 Acorn Income Fund‘s recent interims report a fractional fall in NAV during the period (359.97p to 359.20p) but, with a dividends totalling 6.25p, total return during the period was 1.52%. This was modestly behind the FTSE All-Share (1.59%) but ahead of the […]
