Phaunos Timber has announced the sale of two of its four teak plantation assets, from the Brazilian Eucateca estate, for US$ 2.5m. According to the company, the combined properties sold represent 32% of the total 2,193 net planted hectares of teak on the estate and the sale involves an initial payment of US$ 0.5m with […]
JPMorgan US Smaller Companies, managed by Don San Jose (pictured), has announced that it has agreed a new fee structure with J.P. Morgan Funds Ltd, which will take effect from the beginning of the company’s next financial year (1 January 2016). Under the existing fee arrangement the Company’s basic management fee has been 1.20% per annum on […]
Picton Property Income has announced its interim results for the six-months ended 30 September 2015. During the period, the company’s EPRA NAV increased 6% to 73p per share (69p as at 31 March 2015), whilst its EPRA earnings per share increased by 13% year-on-year to 1.8p. The company has posted gains on its investment properties […]
Schroder Income Growth Fund has announced results for the year ended 31 August 2015. During the year under review, the net asset value produced a total return of 3.1%, comparing favourably to a total return of -2.3% for the FTSE All-Share Index. The share price total return for the year was 5.1% as the net […]
NewRiver Retail Limited has announced its interim results for the six-months ended 30 September 2015, which the company describes as providing, “Record profits and strong NAV per share growth”. During the period, the company’s EPRA NAV per share increased by 14% to 287p (Sept 2014: 252p) whilst its EPRA adjusted earnings per share increased by 95% to 13.2p […]
JZ Capital Partners has announced the sale of its investment in Justrite Manufacturing for $21.4m. Justrite manufactures products specifically designed to help workers store, transfer, use and dispose of hazardous materials in a safe and convenient manner and JZ Capital Partners first invested in Justrite in June 2011 alongside an investor group led by the […]
JPMorgan Japan Smaller Companies has announced results for the six months ended 30 September 2015. In the half year ended 30th September 2015 the total return on the Company’s net assets, net of fees and expenses, was -4.5% compared with -5.7% for the Company’s benchmark, the S&P/Citigroup Japan Extended Market Index (Total Return Net) in […]
John Laing Environmental Assets has announced the acquisition of a solar photovoltaic portfolio for a cash consideration, including working capital, of £9.7m. The fully operational 2.3 MW solar energy generation portfolio comprises 303 systems of residential rooftop, commercial rooftop and commercial ground mounted solar PV installations, distributed across England, Wales and Scotland. The company says that […]
The Board of Phaunos Timber Fund has announced confirmation of a forward pulpwood sale agreement for Pradera Roja, a plantation they own in Uruguay, which will realise total payments of $2.4m. The agreement is based on Pradera Roja receiving up-front payments for eucalypt pulpwood that will be harvested up to 2022. Stephen Addicott of Stafford Timberland, the […]
Edinburgh Investment Trust has announced results for the six months ended 30 September 2015. The FTSE All-Share Index delivered a negative total return of -7.2% over this period but Edinburgh’s net asset value total return was +1.1% and, as the fund moved from trading on a 3.5% discount to a 1.7% premium, shareholders got a return […]
