Custodian REIT has announced that it has exchanged contracts to acquire a portfolio of 11 UK commercial properties for an aggregate consideration of £69.4m. Simultaneously, the company has also announced that it has entered into an agreement to extend its existing revolving credit facility with Lloyds Bank from £25m to £35m whilst extending the termination […]
Green REIT has announced that it has entered into a conditional contract with its joint venture partner to acquire full control of Central Park for €155m with an estimated all in cost of €160m. Completion of this acquisition is conditional on the approval of the Competition and Consumer Protection Commission in Ireland. The transaction is […]
Marywn Value Investors has announced that it is proposing to raise a minimum of £50m through a placing, at a price of 220p per share. The company says that the book-build has secured substantial anchor orders from existing and new shareholders to support the minimum fund raise and that the book will be kept open […]
Fidelity China Special Situations, managed by Dale Nicholls (pictured), has announced its results for the half-year ended 30 September 2015. During the period, the company’s NAV fell by 14.1% and the share price by 16.2%, both beating the performance of the Benchmark MSCI China Index, which fell 19.7%. The company’s outperformance was primarily due to […]
Caledonia Investments has released its interim report for the six-months ended 30 September 2015. During the period, the company’s NAV total return per share was -3.8%. The share price also fell (4.4%) and, at the half-year end, the discount was 21.0%, slightly improved on the 21.5% at the beginning of the period. The company says […]
TwentyFour Income Fund has released its interim results for the half-year ended 30 September 2015. During the period the company provided an NAV total return of -1.6%. The Company’s shares have continued to trade at a premium, as they have done since launch, with the average premium during the period being 5.9%. The Board anticipates […]
Assura has released its interim results for the half-year ended 30 September 2015, which the company says has been, “Another period of significant growth”. During the period, the company’s EPRA NAV per share has increased by 5.5% to 46.4p (March 2015: 44.0p). The company also reports a 26.6% increase in net rental income for the six months […]
The Establishment Investment Trust has released its interim report for the six months ended 30 September 2015. During the period, the company’s NAV fell by 11.0% in total return terms with the share price falling by 13.8%. By comparison, the FTSE WMA Stock Market Balanced Index declined 5.7%. However, the managers point out that the […]
Aberdeen Japan has announced its interim results for the half-year ended 30 September 2015. The Trust’s net asset value total return per share fell by 16.3% in sterling terms over the period, compared to the benchmark index’s total return of -9.4%. The manager’s say that the underperformance was largely attributed to stock selection although gearing […]
Juridica has announced that it is throwing in the towel and will shift into realisation mode. The Company will not make new investments (other than for funding existing investments in the Company’s portfolio where such funding is reasonably required to realise maximum shareholder value) and will seek to return capital to shareholders in the most […]
