Second half brings down Baring Emerging returns- Baring Emerging Europe (BEE) reported a NAV per ordinary share of -2.57% for 2018 while the benchmark (MSCI Emerging Europe 10/40 Index) went up 1.62% on the year. After a strong first half of the year Baring Emerging Europe was brought down by turbulent economic situations. The manager […]
Shift to global helps Manchester and London outperform- Manchester and London (MNL) has reported an NAV total return per share of 26.9% (2017’s NAV return was 22.3%). This compares well with the benchmark, which is the MSCI UK Investable Market Index, which posted a NAV of 9.23%. Manchester and London has beaten its benchmark over […]
CATCo expecting large losses after California Fires – CATco Investment Management Ltd (CAT) is expecting large losses after the recent early November wildfires in California, specifically the Camp Fire and Woolsey fires. These fires are the most destructive in California’s history. the early estimates are predicting potential losses due to the fires in the portfolio […]
Intu Properties updates on possible takeover- Intu Properties (INTU) announced that there is currently a consortium of companies that are currently in the process of trying to put a cash offer together for Intu. The consortium consists of the Peel Group, the Olayan Group, and Brookfield Property Group. The independent committee formed by Intu decided […]
Schroder Oriental reports marginal underperformance- Schroder Oriental Income Fund (SOI) reported a net asset value return of 1.5% for the year, while the index reported a return of 1.8%. The dividend for the year did go up from 8.80p in 2017 to 9.40p in 2018 which represents a yield of 3.8% on the share price […]
BlackRock Emerging Europe announces rollover option- BlackRock Emerging Europe (BEEP) announces a rollover option to new C shares to be issued by BlackRock Frontier Investment Trust plc. The rollover option will consist of 11,286,143 ordinary shares. There is also a cash option that is being offered as part of the liquidation that was previously reported […]
Gore Street Energy Storage reports contracts secured- Gore Street Energy Storage (GSF) has announced that they have secured a Engineering, Procurement and Construction contract for their two most recent UK energy storage projects. The provider is NEC Energy Solutions with support from Nippon Koei-strategic partners and cornerstone investors. As previously announced (read more here) the […]
Tritax Eurobox buys another facility in Hannover- Tritax Eurobox (EBOX/BOXE) has exchanged contracts to provided forward funding for a new development of a new cold store and primary distribution facility at Wunstorf, near Hannover Germany. The contract is conditional on receiving the building permit. The development represents an investment of €27.5 million, which gives a […]
Establishment Investment Trust to wind up?- Establishment Investment Trust board after a poor performance recently has decided that the best option is to not vote to continue the trust. In October the share price fell 5.6%. The manager says that, during the month of October, the MSCI AC Asia ex Japan Index declined 8.8%, the […]
Aberdeen Standard Equity Income Trust just missed the benchmark for the year- Aberdeen Standard Equity Income Trust (ASEI) says its net asset value return was 5.5% which just missed the benchmark which was 5.9%. Earnings per share were 22.06p which is up 14.7% compared to last year’s figure of 19.23p. Dividends for the first three […]
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