Reconstruction Capital II has announced that its 25.4% stake in publicly quoted Romanian dairy company, Albalact, have been acquired by Lactalis at a price of RON 0.5252 per share (the company’s stake comprised 166,100,478 shares). The acquisition follows a voluntary public offer by Lactalis for Albalact SA previously announced on 5 August 2016. As a […]
Strategic Equity Capital, managed by Stuart Widdowson (pictured), has announced its annual results for the year ended 30 June 2016. During the period, the company provided an NAV total return of -8.7% and a share price total return of -22.4%. In comparison, the FTSE Small Cap Index declined by 3.7%. Richard Hills, the trust’s chairman, says […]
Baillie Gifford Shin Nippon’s net asset value per share rose by 29.5% over the six months ended 31 July 2016 compared to a 23.0% rise in the MSCI Japan Small Cap Index. The share price increased by 31.6%. They say there was a noticeable investor rotation towards undervalued real estate related names. Beneficiaries of this […]
City of London Investment Trust reports that, in a flat year for equity returns its net asset value total return was 3.1%, ahead of each of the average for the AIC UK Equity Income sector, the UK Equity Income OEIC sector and the FTSE All-Share Index (by 0.8%, 4.8% and 0.9% respectively). The FTSE 100 Index […]
Jupiter European Opportunities’ results for the year ended 31 May 2016 have been published. The total return on the net asset value per share was 0.8 per cent. during the twelve months under review, which compares with a fall of 3.7 per cent. in the Company’s benchmark, the FTSE World Europe ex UK Index during […]
JZ Capital Partners Limited, alongside its long-term real estate partner, RedSky Capital, LLC, has acquired 2700 NW 2nd Avenue, a new property in the Wynwood neighbourhood of Miami, Florida. The purchase price was $30.8 million, of which JZCP provided $12.9 million. JZCP and RedSky plan to develop two Class-A buildings with ground floor retail, several […]
Regional REIT Limited has announced its results for the six months ended 30 June 2016. Financial Highlights for the half year to 30 June 2016: (unaudited) Gross value of property assets up 1.8% like-for-like, to GBP501.3m (31 Dec 2015: GBP403.7m). Acquisitions of GBP128.1m were successfully completed, including 2 major portfolios; Wing with a net initial […]
For the financial year ended 30 June 2016, Pantheon International’s net assets stood at just under GBP1.2bn and it recorded an increase of 22.3% in NAV per share. The ordinary share price increased from 1,272.0p to 1,285.0p, an increase of 1%. The discount widened from 17% to 31%. The redeemable share price decreased from 1,285.0p to […]
UIL achieved a NAV total return per ordinary share of 47.1% over the year to 30 June 2016, outperforming the FTSE All Share Total Return Index by an impressive 44.9%. The Board maintained total dividends at 7.50p per share which represents a yield on the closing share price of 130.75p of 5.7%. Looking forward the […]
Aberdeen Asian Smaller Companies’ Board has reported that an amendment to the management fee has been agreed with Aberdeen Fund Managers Limited that is effective from 1 August 2016. From that date the Manager is entitled to a management fee payable monthly in arrears based on an annual amount of 1.0% (previously 1.2%) of the average […]
