Shires Income has announced its interim results for the six months ended 30 September 2016. During the period, the trust provided an NAV total return of 15.9% and a share price total return of 16.4%, both of which outperformed its FTSE All-Share Index benchmark, which it says returned 12.9%. The trust’s chairman, Anthony B Davidson, […]
Better Capital is raising cash from its portfolio and restructuring one investment. Gardner Yesterday they said they had received a cash offer from Shaanxi Ligeance Mineral Resources Co. Limited for its interest in Gardner Aerospace Holdings Limited. The price equates to an enterprise value of £326m. The 2009 cell’s share of the proceeds net of costs and […]
HgCapital, the Manager of HgCapital Trust, has announced an investment in fundinfo AG, which it describes as, “a technology platform for fund data and documents publication and dissemination to the global fund industry, headquartered in Zurich”. The terms of this transaction have not been disclosed. HgCapital Trust plc will invest in fundinfo, alongside other institutional […]
SVG Capital has announced that, further to its announcement on 18 October 2016 regarding the proposed sale of 100% of its investment portfolio and wind down, it has published a circular for shareholders with details of: a proposed change of investment objective and policy; a proposed sale of the Company’s investment portfolio (completion of which […]
Utilico Emerging Markets Limited’s net asset value total return per ordinary share was positive at 13.3% in the six months to 30 September 2016, below the MSCI Emerging Markets Total Return Index’s positive 19.8%. Earnings per share of 5.10p comfortably cover the dividends of 3.25p in respect of this period. The cumulative retained revenue reserves […]
TwentyFour Income Fund has announced its interim results for the six months ended 30 September 2016. During the period, the company’s NAV increased by 6.3% to 110.23p per share and it also declared 3p of dividends. The share price increased by 5.9%. The company’s chairman, Trevor Ash, says that for the majority of the period […]
Amedeo Air Four Plus says it wants to buy two Airbus A380-800 planes for leasing to Etihad. They want to buy the first of these in March 2017 and the second in May 2017. Shareholders will have the chance to approve the deal at a meeting planned for 14 December. 40,250,000 new shares were issued in Amedeo’s July […]
New River Reit has announced results for the six months ended 30 September 2016. David Lockhart, Chief Executive commented: “I am pleased to report that NewRiver has again produced growing cash profits from its high quality and defensively positioned portfolio. We have a proven track record of generating secure income returns and delivering a growing […]
British Land has published figures covering the six months ended 30 September 2016. Its EPRA NAV reduced by 3.0% to 891p over this period. Adjusted diluted earnings per share rose 20% to 19.3p helped by a 16.4% increase in its underlying profit before tax to GBP199 million. They say this was driven by like-for-like income growth of […]
Trinity Capital says that its subsidiary, Trinity Capital Mauritius Limited, completed the realisation of its investments in Trinity Capital (One) Limited and Trinity Capital (Five) Limited on 15 November 2016. Disposal proceeds of GBP8.7 million were received by Trinity Capital Mauritius Limited. The only remaining investment is Trinity Capital (Ten) Limited, held together with Immobilien […]
