Over the first half of 2016 JPMorgan American underperformed its benchmark, returning 10.4% against 14.3% for the US equity market. Moreover, almost all of that return came from a fall in sterling relative to the US dollar. The interim dividend has been increased to 2.25p. The Board says “Garrett’s portfolio is made up of companies […]
The Board of Ground Rents Income Fund has announced that, on 12 August 2016, it agreed two amendments to the property adviser agreement with Brooks Macdonald Funds Limited (the investment adviser). At the moment, the adviser collects ‘Consent Fees’ and ‘Notice Fees’ from leaseholders on behalf of the fund. ‘Consent Fees’, which are levied by the freeholder, are typically […]
The net asset value of Princess Private Equity Holding Limited increased by 5.8% over the first half of 2016 to end the reporting period at EUR 9.78 per share (adjusted for the first interim dividend of EUR 0.27 per share distributed in June). As of the end of the reporting period, the 50 largest direct portfolio […]
Over the six months to the end of June 2016, RIT Capital Partners returned 3.6% in NAV terms. A reduction in the premium from 6.9% to 2.0% meant that the share price return was negative, -1.2%. RPI+3% per annum worked out as 2.5% for the period and the return on the MSCI AC World Index […]
Foresight Solar Fund Limited has published results for the six months ending 30 June 2016. The NAV per Ordinary Share increased to 99.3 pence from 99.0 pence at 31 December 2015. The increase incorporates a 3.7 per cent. fall due to the continued reduction in their power price forecasts. Foresight has incorporated two further falls in […]
Derwent London has announced interim figures covering the six months ended 30 June 2016. Its EPRA net asset value per share increased by 1.8% to 3,598p from 3,535p at 31 December 2015. Net rental income increased by 8.5% to GBP72.6m (from GBP66.9m in the equivalent period in 2015). This fed through into EPRA adjusted profits before tax […]
Ecofin Water & Power Opportunities held its continuation vote on 24 June 2016, which was approved by shareholders on the basis that the Board would implement its reconstruction proposals. under these, shareholders would be: issued with shares in Ecofin Global Utilities and Infrastructure Trust, a newly incorporated investment trust that would invest in listed global utilities […]
CatCo Reinsurance Opportunities has announced interim results. The NAV return for the Ordinary Shares for the first six months of 2016 was 4.86 per cent benefiting from the release in the first quarter of 2016 of the loss reserve relating to the 2015 UK flood Side Pocket Investment (see below). The NAV return for the […]
Over the year to 31 May 2016, Diverse Income Trust’s NAV per share rose from 87.03p to 91.02p (+4.6%). This compares with a fall in the FTSE All-Share Index of 9.7% – small cap.s outperformed – the FTSE SmallCap (excluding Investment Companies) Index ended the year to 31 May 2016 down just 2.5% and the FTSE AIM All-Share […]
HgCapital, the Manager of HgCapital Trust plc (“The Trust”), today announces an investment in Mobyt, a provider of Application-to-Person SMS services to enterprises, headquartered in Italy, subject to regulatory approval. The terms of this transaction have not been disclosed. HgCapital Trust plc will invest in Mobyt, alongside other institutional clients of HgCapital, who will participate through […]
