Perpetual Income & Growth (PLI) has announced its annual results for the year ended 31 March 2017. During the period, it provided an NAV total return of 9.6%. It’s chairman, Bill Alexander (pictured), says that Although this is satisfying in absolute terms, it is less so when compared with the 22.0% return posted by the […]
John Laing Infrastructure to light up Croydon and Lewisham – JLIF, the FTSE 250 listed infrastructure investment company, has announced that it has completed the acquisition of a 50% interest in the Croydon and Lewisham Street Lighting project from John Laing Investments Limited (a wholly-owned subsidiary of John Laing Group plc (“John Laing”)). The 25-year […]
NB Private Equity Partners (NBPE) has announced two corporate updates. The first is that it expects its A shares to join the FTSE All-Share Index and FTSE Small-cap Index, and secondly, it has completed of the redemption of its 2017 Zero Dividend Preference (“ZDP”) Shares. Inclusion in the FTSE UK Index Series On 31 May […]
Shires Income had a better year over the year to the end of March 2017 net asset value per share increased by 24.5% on a total return basis, compared to a total return from its benchmark of 22.0% (last year the figures were -7.0% and -3.9% respectively). The revenue return for the year was 13.08p per […]
LondonMetric Property buys three urban logistics warehouses as it announces results for year to 31 March 2017 that show NAV up 1.4%. LondonMetric Property buys three urban logistics warehouses LondonMetric Property has bought three separate urban logistic warehouses in Crawley, Coventry and Huyton for GBP23.9 million. The purchase price reflects a blended yield of 6.0% […]
Aberdeen Japan held back by currency hedge as the Yen soared by 16% against Sterling following the Brexit vote. On a total returns basis, the net asset value returned 20.5%, underperforming the benchmark by 12.5%. The hedge accounted for 7.0% of this underperformance. The share price’s total return was 23.5% and the discount to NAV per Ordinary […]
Lowland chops management fee as its interims show the fund outperforming its benchmark. In Lowland’s current management agreement the management fee is charged at 0.5% per annum. This rate will continue to apply to the first GBP375m of net chargeable assets but, with effect from 1 July 2017, a reduced management fee of 0.4% per annum on assets above […]
Manager bids for Dragon Ukrainian Properties – Dragon Capital Investments Limited, part of the Dragon Capital Group, the Ukrainian investment and financial services group, announced that on 29 May 2017 it purchased 11,687,200 ordinary shares in Dragon-Ukrainian Properties and Development Plc amounting to approximately 10.69 per cent of the issued share capital of Dragon-Ukrainian Properties […]
JPMorgan Global Convertible sets 2% discount target as it seeks to address its discount problem. JPMorgan Global Convertibles Income Fund Limited provides investors with exposure to a globally diversified portfolio of convertible bonds and the portfolio has been constructed to deliver an attractive level of yield with the potential for some capital growth. Since IPO […]
Edinburgh Investment Trust held back by lack mining exposure, HSBC and Royal Dutch Shell. While the UK market returned 22%, for the year ended 31 March 2017, Edinburgh Investment Trust’s net asset value total return was +14.4% and the share price total return (with dividends reinvested) was +11.2%. The share price ended the year at 713.5p, an increase […]
