HgCapital has announced the sale of Parts Alliance a UK automotive aftermarket parts distributor, to Uni-Select Inc., a listed Canadian distributor of automotive refinish and industrial paint products and aftermarket parts for a transaction value of GBP205 million. Hg Capital Trust will realise cash proceeds of approximately GBP21.3 million on completion of this transaction. This represents […]
The board of directors of Prospect Co., Ltd. (“Prospect”) and the independent directors of The Prospect Japan Fund Limited have announced that they have reached agreement on the terms of a recommended share for share exchange offer to be made by Prospect Co. for the entire issued and to be issued share capital Prospect Japan […]
Derwent London has announced that it has let the top two floors of the tower at White Collar Factory EC1 (pictured) to Box.com, the cloud content management company. The initial rent is £2.1m per annum or £75 per square foot, which is above December 2016 ERV. Derwent London says that Box.com will occupy 28,500 square […]
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 […]
