The Board of M&L Property & Assets announces that it has been informed by the Company’s asset manager, M & L Capital Management Limited, that unauthorised sales of Company properties have apparently taken place and that there is a possibility that Company funds have been misappropriated. The Board is urgently investigating this matter and will report […]
The total return on net assets of Temple Bar in 2015 was -1.0% which compares with a total return for the FTSE All Share Index of 1.0%. This is the first year in which the Company has paid dividends on a quarterly basis. There have already been three interim dividend payments of 7.93p per share […]
TLI Alternative Asset Opportunities has announced that it has received notification of a policy maturity on one life with a face value of US$4m. The company say that the maturity is in the process of being verified and assuming it is certified will add approximately 1.4p to the company’s NAV per share. TLI Alternative Asset Opportunities […]
Honeycomb Investment Trust has announced that it has agreed to acquire a portfolio of consumer loans from Caledonian Consumer Finance Limited and Carnegie Consumer Finance Limited for a purchase price of £15m. Caledonian is separately expected to acquire 700,000 ordinary shares in the Company from Pollen Street Capital Holdings Limited, an affiliate of the Company’s Investment Manager, Pollen Street […]
For the six months ended 31 December 2015, Advance Frontier Markets Fund saw a decline in its NAV of 14.7% during what proved to be a disappointing period for investors in frontier markets. The share price fell by 18.1% as the discount at which the Company’s shares trade widened to 10.0%. The MSCI Frontier Markets […]
GLI Alternative Finance has published its first set of accounts – interims covering the period from incorporation to 31 December 2015. At the end of that period the NAV was 100.9p and dividends of 1.55p had been declared. The report states that, since inception, the Company has declared dividends of 0.6p, 0.4p, 0.55p and 0.55p per […]
Picton Property has acquired a fully let office building in Salford Quays, Greater Manchester for £17.6m. After finance costs this transaction will increase the Company’s net income by approximately £900k per annum, rising to £1.2m per annum in April 2017. This reflects an increase in dividend cover of 5% and 7% respectively. The property, known as Metro, […]
TR European Growth underperformed its benchmark over the second half of 2015 – the net asset value total return (including dividends reinvested) was 6.7% compared to a total return from the benchmark index (The Euromoney Smaller Companies Index ex UK) of 8.2%. The share price total return was 7.0%. The discount increased from 7.6% to 8.0% compared with […]
In October 2015, Dexion Absolute announced that, in the event that the Shares trade at an average discount of 5 per cent. or more to its NAV in the three months commencing on 1 January 2016, it would put forward proposals for either a winding up of the Company and the appointment of a liquidator or […]
The Renewables Infrastructure Group has published results covering the year ended 31 December 2015. The NAV per share was 99p at 31 December 2015, down from 102.4p at the end of 2014. They say this reflects the impact of the removal of LECs (subsidies) in the Summer Budget. Total distributions of 6.19p per share were declared, up from 6.08p. They are […]
