International Biotechnology Trust outperformed the Nasdaq Biotech Index over the year to the end of August 2016 as the fund’s NAV return was -1.7% against -3.8% for the index. Unfortunately, the discount widened from 5.7% to 13.5% and therefore the return to shareholders was -9.8%. Quoted portfolio The quoted portfolio outperformed the NBI by 1.1% in the […]
Over the year to 31 August 2016, Chelverton Growth Trust’s NAV increased from 54.95p to 62.53p – an increase of 13.79% a significant outperformance over the Company’s benchmark index, the MSCI Small Cap UK Index which rose by 3.78%. On the share price, the chairman says “It would be my reasonable expectation that the share […]
The Board of AXA Property Trust Limited is pleased to announce that the company, together with its joint venture partner, has entered into a binding contract for the sale of the property at Agnadello, Italy. The sales price reflects a discount of 1.3% below the asset’s independent valuation as at 30 September 2016. Completion is […]
The Board is pleased to announce that Rodenhurst Estates Limited (the property owning subsidiary of Highcroft Investments PLC) has today agreed the sale of a freehold warehouse on the Heathcote Industrial Estate, Warwick to a private investor. It is expected that contracts will be completed within one month. Built in the early 1990’s, the property […]
Biotech Growth’s net asset value per share increased 20.5% during the six month period ended 30 September. The Company’s benchmark, the Sterling-adjusted NASDAQ Biotechnology Index, increased 23.2% during the same period. The Company’s share price increased 21.7% during the period. Currency movement contributed significantly to performance, as the Dollar appreciated 10% relative to the Pound […]
3i Infrastructure says it generated a total return of GBP74 million in the six months to 30 September 2016, or 5.0%, in line with its target of 8% to 10% per annum to be achieved over the medium term. Foreign exchange movements in the period, following the depreciation of sterling, contributed 1.2% to the total return. […]
Sirius Real Estate continues to reduce the average cost of its borrowings. It has confirmed it has completed a new 7 year EUR70 million banking facility with BerlinHyp with an all-in fixed interest rate of 1.48% for the term of the loan. This replaces an existing EUR39.3 million facility which was incurring an all-in fixed […]
The board of directors of Global Resources Investment Trust confirm that they have today repaid GBP1.0 million nominal of 9% Convertible Unsecured Loan Stock 2017 to LIM Asia Multi-Strategy Fund Inc. As announced on 28 October 2016, it expects to repay the balance of GBP1.5 million nominal of 9% Convertible Unsecured Loan Stock 2017 to LIM from […]
Foresight Solar Fund has announced that it has completed the acquisitions of the remaining minority equity positions in its 10MW Southam Asset (30% minority position acquired), 9MW Paddock Wood asset (41% minority position acquired) and the 15MW Atherstone assets (22% minority position acquired). The company says that the acquisitions are the first from its previously […]
Axa Property Trust reports that its Net Asset Value at 30 June 2016 was GBP38.7 million (30 June 2015: GBP49.4 million). Adding back to the NAV the GBP16.2 million capital returned during the quarter, the NAV increased by GBP5.5 million (11.2%). In pence per share, the NAV rose from 57.6p to 67.2p, an increase of 16.6% […]
