Pacific Horizon (PHI), managed by Ewan Markson-Brown (pictured), has announced its interim results for the six months ended 31 January 2017. During the period, the Trust’s NAV total return was 9.7%. The share price total return was 8.0% as the discount widened from 10.1% to 11.4%. The Trust says that, over the same period the […]
Riverstone Energy (RSE) has announced its annual results for the year ended 31 December 2016. During the period, RSE saws its NAV increase by 26.1% to $20.11 per share and that the impact of Brexit, through the devaluation of sterling, contributed to the sterling NAV per share increasing by 50.5% to £5.47. RSE says that […]
Symphony International Holdings Limited (SIHL) has announced its results for the year ended 31 December 2016. During the period, SIHL’s fully diluted NAV per share fell by 7.9% to US$1.1988. The company’s chairman, Pierangelo Bottinelli, says that 2016 was a volatile year but that Asia experienced more of an impact in the fourth quarter as […]
Tritax Big Box REIT has announced that it has agreed a new long-term, interest only, fixed rate term loan facility of £90 million with PGIM Real Estate Finance, secured against a portfolio of three standing assets and one forward funded asset. The 10-year Facility, which will be drawn in full immediately, is repayable on 2 […]
British Land confirms that it and its joint venture partner, Oxford Properties, are in advanced discussions regarding the possible sale of their interests in The Leadenhall Building. British Land and Oxford Properties currently own The Leadenhall Building in a 50/50 joint venture. It is not certain that these discussions will lead to a sale of […]
CVC Credit Partners European Opportunities’ Euro and Sterling class net asset values per share increased by 9.29% and 9.80% respectively over the course of 2016. They continued to pay quarterly dividends at the annual rate of 5 Euro-cents / 5 pence per share and expect to continue to do so. They point out that the fund has shrunk […]
Rights and Issues says 2016 proved to be a very strange year. the UK market rose by 12.5% and the small cap market by 11% but, once the fall in sterling following the June referendum result is factored in, a more sombre picture emerges. By contrast, the net asset value of the fund’s Income shares increased by 29.5% to 2002.2p. […]
Fundsmith Emerging Equities returned 12% in NAV terms over the course of 2016. This was well behind the return on the MSCI Emerging and Frontier Markets Index (measured on a net sterling adjusted basis) which returned 32.4%. Shareholders were also affected by a narrowing of the premium. Returns to shareholders were 10.5%. The Board has […]
Scottish Mortgage will be promoted to the FTSE100 list Update 1 March Scottish Mortgage announces that, in recognition of its continued growth and success, there will be a cut in the annual management fees for the company, effective from 1 April 2017. Scottish Mortgage already enjoys one of the lowest ongoing charges levels in the […]
RIT Capital Partners says its net asset value per share increased to 1,730 pence during 2016, representing a return of 12.1%. Its shares traded at a premium which averaged 4.6% during the course of the year and total shareholder returns amounted to 14.2%. The dividend was edged up to 31p from 30p. They intend to pay a […]
