Tritax Big Box REIT has announced that it has acquired Argos’ National Distribution Centre at Barton Business Park, Burton-upon-Trent, Staffordshire for a purchase price of £74.65m (net of acquisition costs), reflecting a net initial yield of 5.55% on the corporate acquisition. The purchase has been funded from equity proceeds, with senior debt finance expected to be […]
F&C Private Equity reports that its net assets at the year-end were £216m giving a fully diluted net asset value (‘NAV’) per Ordinary Share of 295.74p. Taking into account dividends paid during the year which total 11.03p, the NAV total return was 10.7 per cent. This compares to a total return from the FTSE-All-Share Index […]
Martin Currie Global Portfolio has announced its annual results for the year ended 31 January 2016. During the period, which the trust’s chairman describes as one that, “has been exceptionally challenging for global stockmarkets with significant economic and political uncertainty resulting in periods of unusual volatility”, the trust’s NAV total return was 0.9% compared with […]
Athelney Trust has made an announcement that its directors, “have resolved to seek to increase its capital base” by issuing up to a maximum of 9.9% of the trust’s existing issued share capital, for cash, subject to market demand. The trust has recently been trading at a mild premium and its 2015 results saw it […]
International Public Partnerships has published results for the year ended 31 December 2015. The NAV increased by 2.5% to 130.2p. They have declared a full year 2015 fully covered cash dividends up c.2.5% at 6.45 pence per share and set a minimum target dividend for 2016 financial year of 6.65 pence per share and for 2017 of 6.82 […]
HgCapital, the manager of HgCapital Trust has announced that it has made a majority investment in Raet, a HR solutions provider that specilises in HR cloud software and services. The terms of this transaction have not been disclosed. HgCapital Trust will invest in Raet alongside other institutional clients of HgCapital, who will participate through the […]
UK Mortgages has published its first set of figures, covering he period from its incorporation to the end of December 2015. The net asset value at the end of the period was 97.82p. In early November that the manager had completed the first purchase of a £310m pool of high quality buy-to-let mortgages from the […]
JPMorgan American has published results for the year ended 31 December 2015. In 2015, the US equity market, as measured by the S&P 500 total return Index in sterling terms, provided a return of 6.9%. In local currency terms, the market was more or less flat, and the gain to investors arose largely from the […]
BBGI SICAV reports a 3.1% increase in its NAV over the year ended 31 December 2015. During the year the Board increased the dividend target. 2015 interim dividend of 3.00 pence per share paid on 29 October 2015 and further dividend of 3.00 pence per share proposed for year ended 31 December 2015, giving total […]
JPMorgan Smaller Companies’ interim results covering the six months ended 31 January 2016 show a total return on net assets before dilution was -3.6% (-2.9% after dilution), which compares with -5.9% for the benchmark index. The return to ordinary shareholders was +0.6%. The manager says the outperformance of the fund over the period was due mainly […]
