Over the six months to the end of October 2016, Monks’ net asset value total return was 25.3%, beating the World Index which returned 23.6%. The share price total return for the same period was 27.5%, with the discount to NAV* narrowing to 8.0%. They say that the biggest positive contributors to performance were technology stocks: US […]
Witan has reviewed the benchmark it uses to measure its performance and has made the following adjustments: UK reduced from 40% to 30% North America increased from 20% to 25% New allocation to emerging markets of 5% They say that Witan’s benchmark, which is used as a reference point for comparing performance, has evolved over […]
The Board of AXA Property Trust Limited has announced that the company has entered into a binding contract for the sale of the property at Rothenberg, Germany. The contracted sales price is EUR22.02 million reflecting a discount of 1.7% below the asset’s independent valuation as at 30 September 2016. Completion is expected at the end of […]
Fidelity Asian Values has announced that, as detailed in its Prospectus dated 26 October 2016, it has made a one for 5 bonus issue of subscription shares and has allotted 13,497,222 subscription shares. The Subscription Price is equal to the published unaudited NAV per Ordinary Share as at 5.00 p.m. on 2 December 2016, plus […]
SVG Capital has announced the results of its general meeting at which shareholders have a proved a change of investment policy, which allows for an orderly realisation of the Company’s assets and to make repurchases in connection with a series of tenders offers, which will allow for a progressive return of cash to shareholders. Following […]
Better Capital’s 2012 Cell has exchanged contracts on the disposal of its interests in iNTERTAIN Limited to Stonegate Pub Company Limited at an enterprise value of GBP39.5m. Formal completion is unconditional and is anticipated to happen later this week. The deal results in a small write down of Better Capital 2012’s NAV. iNTERTAIN owns and […]
In the year ended 30 September 2016 Majedie‘s NAV rose by 16.0% on a total return basis whilst the share price rose by 3.0%. The Board is recommending a total dividend for the year of 8.75p per share, an increase of 9.4%. The UK market and MSCI World Index (in Sterling terms) rose by 16.8% and […]
Standard Life European Private Equity delivered a total return for the year ended 30 September 2016 of 24.8%. By contrast, the MSCI Europe Index delivered a total return of 20.2% over the same period. The closing mid-market price of the Company’s ordinary shares on 30 September 2016 was 267.3p, an increase of 24.9% over the year […]
Pacific Alliance China Land Limited has realised its entire interest in Project Auspice. The investee (Dalian Wanda Commercial Properties Co., Ltd., or “Wanda”), is one of China’s largest property developers focusing on integrated mixed-use development and operation management of commercial properties throughout the PRC. In 2009, PACL invested RMB 153 million (approximately equal to USD […]
HICL Infrastructure Company Limited has reached an agreement to acquire a 33.3% equity interest in Northwest Parkway, a toll-road located in the Denver metropolitan area of Colorado, U.S.A. HICL is part of a consortium alongside DIF Infrastructure IV and Northleaf Capital Partners, which has agreed to acquire a 100% equity interest in the project from […]
