JPMorgan Japan Smaller Companies introduces new dividend policy In its final report for the year ending 31st March 2018, the board of JPMorgan Japan Smaller Companies (JPS) announced that, as a move to reduce the company’s discount to NAV, rather than buy back shares and to make the company more attractive to savers, it proposes to […]
Miton Global Opportunities reports upbeat results as liquidity opportunity looms – Miton Global Opportunities has reported a total return on net assets of 11.1% for the year ended 30 April 2018. the return to shareholders was a bit better at 12.7%, reflecting a narrowing of its discount to 1.2%. The fund compares itself to a […]
HBM gains on IPO of investee Aptinyx HBM Healthcare (HBMN) should be able to see a ~CHF15m gain in NAV, following the IPO of investee company Aptinyx on Nasdaq earlier this week and the 40% rise in its stock price since. Aptinyx (Nasdaq: APTX) raised gross proceeds of $118m from the sale of 7.4m shares at […]
Key regulatory updates biotech specialist trust investees Two stocks that core holdings for biotech specialist trusts have reported important regulatory updates in the past week, with several other companies approaching key events, as detailed below. Array BioPharma (Nasdaq: ARRY), a top ten holding for International Biotechnology Trust (IBT), received FDA approval for Braftovi in combination with Mektovi […]
Aberdeen New Dawn overcomes heightened volatility – Aberdeen New Dawn (ABD) aims to provide shareholders with a high level of capital growth through equity investment in the Asia Pacific countries ex Japan. Performance In its annual financial report for the year ended 30 April 2018, the company reported that its NAV rose by 12.9% during a challenging […]
Ediston frees up floor space at St Philips Point – Ediston Property Investment Company has restructured its lease terms with Weightmans LLP (‘Weightmans’) at St Philips Point, Birmingham. At the moment, Weightmans occupy 37,395 sq. ft. across three floors, on three leases which expire in July 2019. The current annual rent is GBP606,452. Ediston has signed […]
Schroder UK Growth delivers last report before manager change – the board of Schroder UK Growth (SDU) announced in April that the manager would move from Schroder Unit Trusts Limited as its alternative investment fund manager (AIFM) and has appoint Baillie Gifford & Co Limited as the company’s new manager, company secretary and administrator. Click here to […]
Sequoia hit by sterling strength – For the financial year ended 31 March 2018, Sequoia Economic Infrastructure has reported a fall in its NAV from 102.72p to 101.32p. Over the same period, it paid dividends of 6p per share, resulting in a total return of 4.1% over the year. Over the year, the appreciation of sterling against […]
Invesco Asia misses out on Alibaba rise – Invesco Asia has reported a return of 14.5% on NAV for the year ended 31 March 2018. This is a bit behind the 16.8% return on its benchmark, the MSCI All Countries Asia ex Japan index. Shareholders were also impacted by a widening of Invesco Asia’s discount, their return […]
Securities Trust of Scotland; another company lowering its fees – The board of Securities Trust of Scotland (STS) and Martin Currie, the investment manager, have agreed a lower management fee. New fee structure The new fee structure, which has been in place since 1st April 2018, was outlined in the company’s annual financial results for the […]
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