The Chairman of Aberdeen Asian Income, Peter Arthur, says its performance was disappointing over the year that ended on 31 December 2015. The net asset value per Ordinary Shares (“NAV”) fell by 9.9%, trailing the 3.9% decline in the MSCI All Country Asia Pacific ex-Japan Index. The share price fell by 16.8% on a total return basis […]
Pacific Assets say that, during the year ended 31 January 2016, the company’s net asset value per share total return was -6.6%. For comparison, the MSCI All Country Asia ex Japan Index, measured on a total return, sterling adjusted basis, fell by 13.1%. A narrowing of the discount of the company’s share price to its net […]
2015 was a good year for Fidelity Japanese Values as it returned 24.6% on net assets and 20.5% to shareholders – both beating the total return on the Russell Nomura Mid/Small Cap Index Total Return (in sterling terms) which returned 19.4%. Nicholas Price’s manager’s report says, over the year, stock selection in the services sector […]
Foresight Solar Fund Limited has reached financial close on a £160m long-term debt facility. This facility will wholly refinance their £150m short-term acquisition facility currently in place. The long-term facility will be provided by Macquarie Infrastructure Debt Investment Solutions (“MIDIS”) and Abbey National Treasury Services (“Santander”) as follows: Tranche Amount Tenor Coupon/Margin Fixed-rate […]
Empiric Student Property has announced that it has acquired the freehold of a 44 bed student accommodation property, Stonemason House, in Oxford for £4.5m (excluding costs). Stonemason House, which is the company’s first acquisition in Oxford, was built in 2011 as a new build scheme in time for the 2011/12 academic year. The property comprises […]
Merchants Trust, managed by Simon Gergel (pictured) has announced its annual results for the year ended 31 January 2016. In what its Chairman, Simon Fraser, describes as a difficult year for equity markets, the trust has provided an NAV total return of -5.0% thereby modestly beating its FTSE All-Share benchmark, which provided a total return of […]
The Board of Empiric Student Property has announced that the group has acquired the land and entered into a forward funded development agreement for a 115 bed, premium student accommodation development in York for a total funding commitment of £11.1m. The property, Empiric’s first in York, is located between York city centre and the University of […]
Aseana Properties Limited announces that it has agreed to dispose of the Aloft Kuala Lumpur Sentral Hotel to Prosper Group Holdings Limited. The gross transaction value is approximately RM418.7 million (approx. US$104.6 million), which includes the purchase of the entire issued share capital of ASPL M3B Limited and Iringan Flora Sdn Bhd (the “Aloft Companies”), and […]
Dunedin Income & Growth says it recorded its first year of negative absolute returns since the banking crisis of 2008/09 with a NAV Total Return of -11.5%. This meant it underperformed the FTSE All-Share Index by 6.9%. The Board is proposing a final dividend of 3.675p per share which will make a total dividend of 11.4p […]
The Board of Lindsell Train Investment Trust has announced that it has agreed with Lindsell Train Limited an amendment to the calculation of the investment management fee described in the Investment Management Agreement dated 13 August 2014. Under the current Investment Management Agreement, Lindsell Train Limited as the manager is entitled to receive an investment management […]
