JPMorgan Smaller Companies has published its results for the year ended 31 July 2016. The total return on net assets before dilution was -7.7% (-6.4% after dilution), which compares with +2.1% for the benchmark index. The return to shareholders was -10.1% reflecting a widening of the share price discount to diluted net asset value from 17.0% […]
Trusts with exposure to Japan and commodities were the top performers in NAV terms last month, led by Baillie Gifford’s Shin Nippon trust, up by 10.5%. In its latest monthly roundup, investment trust analyst QuotedData has revealed the best performing closed-end funds for September were those with exposure to Japan and commodities. Read more here
LondonMetric Property has acquired a distribution warehouse in Stevenage for GBP7.3m at a NIY of 6.25%. The 74,000 sq ft distribution warehouse is located immediately adjacent to the A1(M), on an established South East distribution park. The unit is let to Dixons Carphone for a further 9 years at a rent of GBP6.50 psf with […]
EPE Special Opportunities is reporting an IPO for one of its investments, Luceco plc. The IPO is of 71.6 million shares at a price of 130.0 pence per share. Luceco plc will admit its entire issued share capital of 160.8 million shares to trading on the Main Market of the London Stock Exchange, implying a market […]
Picton Property Income has disposed of its interest at 1 Chancery Lane, WC2 for GBP17.25 million, reflecting a net initial yield of 3.9%. 1 Chancery Lane comprises a 15,000 sq ft multi-let retail and office block, located in London’s Midtown, arranged over basement, ground and five upper floors. The disposal formed part of and now […]
The SME Loan Fund has produced its first set of results, covering the period from launch until 30 June 2016. The Group’s NAV at 30 June 2016 was GBP53.4 million (101.31p per Ordinary Share) compared to GBP51.7 million (98.15p per Ordinary Share) at launch. The total return for the Group for the period was 7.1% on the opening NAV. […]
Scottish Oriental Smaller Companies has released its results for the year ended 31 August 2016. The fund’s NAV total return was 31.5%, while the MSCI AC Asia ex Japan Index rose by 33.0% on the same basis. The share price increased in total return terms by 27.3% as the discount widened. Revenue return per share was 9.50p […]
Picton Property Income says it will receive a payment of GBP5.25 million following the final settlement of a dispute arising from guarantee provisions within an occupational lease at the Strathmore Hotel, Luton. The settlement will add just less than 1.0 pence per share on the forthcoming quarterly NAV for the period to 30 September 2016 […]
ICG Longbow has announced results for the six-month period ending 31 July 2016. The NAV increased to GBP111.1 million whilst the NAV per share has increased by 2.48 pence per share to 102.66 pence per share. The shares traded in a range of 99 pence per share to 104 pence per share finishing at a small […]
Phoenix Spree Deutschland has exchanged contracts to purchase a portfolio of four properties in Berlin. The fund has also completed the first apartment sale in its latest condominium programme in Boxhagenerstrasse, Berlin. The four Berlin properties are being bought for EUR18.75 million (GBP16.89million), excluding acquisition costs; representing a price per square metre of EUR1,970. Altogether they are […]
