The Local Shopping REIT has announced its annual results for the year ended 30 September 2015. Profit for the financial period was £0.02m or 0.02 pence per share (2014: £1.21m or 1.5 pence per share). However, this marked drop reflects the sale of two of the Company’s property-holding subsidiaries, NOS 2 Limited and NOS 3 […]
Miton UK MicroCap Trust has announced its first set of results, covering the six month period ended 31 October 2015. The net asset value rose from 49.0p on 30 April, (the 50p per share issue price less the costs of the issue) up to 52.42p on 31 October 2015. This is an appreciation of 7.0%. The Trust has grown […]
On 26 November TwentyFour Income Fund issued a circular to shareholders setting out an amended investment policy and plans for a capital return. Shareholders approved these proposals at an EGM yesterday. In the first quarter of 2016 shareholders will be given the following options: to retain their current investment in the Company; to increase their investments in the […]
Tejoori has announced results for the year ended 30 June 2015. This is obviously very out of date now but, for what it is worth, at end June Tejoori had cash of USD2.2m, Wakala (Sharia compliant) deposits of USD 1.4m that pay 5% interest, investments in plots of land in Dubai and an investment in a […]
In a difficult period for Asian stock markets, Invesco Asia Trust outperformed its benchmark over the six months ended 31 October 2015 returning -11.8% vs. -16.3% for the MSCI Asia ex Japan Index. The return to shareholders was -13.1% as the discount widened from 9.8% to 11.0%. The manager’s report says that the company’s holdings […]
Polar Capital Global Healthcare Growth & Income Trust has announced its annual results for the year ended 30 September 2015. In what was a volatile year for the trust, its NAV total return was 8.2% thereby modestly underperforming its benchmark, the MSCI Global Healthcare Index, which returned 9.6%. The discount to NAV narrowed by 2% […]
On 1 October 2015, Alliance Trust announced a series of changes that its said were designed to enhance shareholder value. In advance of the end of the financial year on 31 December 2015, the company has provided an update on the progress that has been made on implementing these changes. Rather than copying and pasting […]
LMS Capital has announced the results of its tender offer that was previously announced on 27 November 2015. The latest tender is the fourth the company has made since the approval of its realisation strategy in November 2011. The tender price was 96p and 130,363,380 ordinary shares were validly tendered. The basic entitlement is 28.7% […]
AEW UK REIT has announced interim results for the six months ended 31 October 2015. The property portfolio rose in value by 1.55% over the period. Adjusted earnings per share were 1.68p. The net asset value fell from 98.03 after the IPO to 97.09p at end October – most of the fall relates to the […]
SEGRO plc and Hermes Property Unit Trust have completed a property swap transaction. SEGRO has acquired from Hermes a 9,800 sq m single-let, modern distribution warehouse in Hayes, West London for £21.9m. Hermes has purchased from SEGRO two multi-let industrial estates totalling 29,300 sq m, both situated close to Heathrow Airport for £47m. The balance of £25.1m […]
