GLI Finance has announced its annual results for the year ended 31 December 2015. The company describes 2015 as “a year of significant change, both in the management of the business and in corporate transactions undertaken.” The company commenced a strategic review in December 2015 and they say that significant progress has already been made […]
JPMorgan Private Equity has announced its interim results for the six-months ended 31 December 2015, a period which the company describes as being ‘notable’. Specifically, proposals were announced to move the management contract to an affiliate of Fortress Investment Group LLC (this transaction was completed after the period-end on 11 March 2016.) The company also […]
Capital Gearing Trust has announced that, to meet the recent and continuing demand for its shares, its Board of Directors is now seeking an early renewal of its authority to issue further ordinary shares, for cash, on a non pre-emptive basis. Reflecting this, the trust has published a circular convening a general meeting to be […]
Mithras has announced that, following what it describes as, “a strong start to 2016 in terms of exit proceeds received”, that it is currently preparing for its fifth tender offer. The trust says that this is expected to be for no less than £9.0m and should be completed, including obtaining approvals and receiving tender offer […]
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 […]
