Baring Emerging Europe has announced proposals to return capital to shareholders through a tender offer of up to 10 per cent. of the issued share capital of the Company at a 2.5 per cent. discount to net asset value per share as at 24 January 2017. The Company is also proposing a change of its […]
F&C Global Smaller Companies has announced its interim results for the half-year ended 31 October 2016. During the period, the company has provided an NAV total return of 18.0% and a share price total return of 17.4%. The returns are modestly below that of the company’s benchmark index, which is calculated from the returns of […]
New City Energy’s board of directors has been reviewing, with the investment manager, the future prospects of the company ahead of the next continuation vote. Given the current market capitalisation of the company, the prevailing share price discount and the short to medium term outlook for the oil price, the board has decided that it would be […]
Invesco Asia Trust has announced its interim results for the six months ended 31 October 2016. During the period, the company provided NAV and share price total returns of 33.6% and 37.1% respectively. In both cases outperforming the company’s benchmark index, the MSCI AC Asia ex Japan Index, which the company says returned 32.1%. The […]
GCP Infrastructure Investments has announced its annual results for the year ended 03 September 2016. During the year, the company says it provided a share price total return of 15.6% and a total return since its IPO of 91.1%. Profit for the year was £54.4m, an increase of 11.7% year-on-year (2015: £48.7m), and the company […]
Highcroft Investments has announced that it has agreed the sale of its freehold interest in its property at High Street, Staines to private investors. It is expected that contracts will be completed within two months. The property comprises three retail units with offices and storage on the first floor and planning consent was recently obtained […]
Lowland Investment Company says that its net asset total return for the year ended 30 September 2016 was 12.2% which compares to a 16.8% return for the UK market and an 8.6% return on the Numis Smaller Companies Index. The total dividend for the year will be 45p, which is an increase of 9.8% over […]
Schroder Asia Pacific reports that its net asset value produced a total return of 40.9% compared to the benchmark (MSCI All Countries Asia ex Japan) total return of 36.6% and its share price produced a total return of 41.3%. The Directors recommend the payment of a final dividend of 4.75 pence. The manager’s statement says that the […]
Eastern European Property says that an agreement was signed on 12 December 2016 to sell its Romanian subsidiary, Southern Properties SRL, the holding company for the property located in Bucharest. The consideration is expected to be EUR 1.50 million (c. GBP 1.27 million) after allowing for local transaction costs and related company costs. This compares to a valuation […]
Oryx International Growth reports that for the six months ended 30 September 2016 its net asset value rose by 10.7%, beating the Small Cap Index by over 4.5%. The rise in the NAV over the last five years now equals 114% as against 77% for the index. The report says that the increase in the net […]
