Jupiter Primadona’s annual results, covering the year ended 30 June 2015, show the fund generating a total return of 7.6%, 3% more than its benchmark. The return to shareholders was 7.9%. The quarterly dividends were maintained at 1.6p to give 6.4p for the year as a whole. The fund has been called Jupiter Primadona Growth Trust plc […]
The Law Debenture Corporation has agreed to issue £75m fixed rate 30-year secured private placement notes at an annualised coupon of 3.77%. The Board believes that, in the current bond and interest rate environment, it is desirable to obtain fixed rate, long dated sterling denominated financing at a pricing level that is attractive and, over the longer […]
Toro Limited has invested approximately €31.25m in instruments backed by the performance of a granular non-performing loan portfolio of small and medium sized enterprise (SME) loans and secured residential loans. This co-investment will be junior to any senior financing of the portfolio, and backed proportionately by loan exposures to 1654 SMEs and to 2283 secured residential […]
Renewable Energy Generation published a trading statement this morning in which it said that the UK Government’s decision to change the subsidy regime for onshore wind had hit its business hard. The proposed changes to the Renewables Obligation scheme will not be binding until they receive Royal Assent (due sometime next year) and this is […]
Martin Currie Global Portfolio generated a 2.2% return on net assets over the six month period ended 31 July 2015 – a bit better than its benchmark, the FTSE World Index, which returned 1.9%. the discount widened slightly however and the return to shareholders was 1.2%. The quarterly dividends total 1.8p for the first half – same […]
SVG Capital has published interim results covering the six months ended 31 July 2015. Over that period the fund’s net asset value rose by 3% to 606p on the back of a 4% return on the investment portfolio. £101m was returned to shareholders during the period They say the portfolio is now broadly split between […]
Merchants Trust reports a 2.8% return on net assets for the six months ended 31 July 2015 and a -1.1% return to shareholders as the discount widened from 0.4% to 4.3%. The return on the FTSE100 Index for the period was 1.2%. Dividends for the first half totalled 12p, 1.7% higher than the pervious year. […]
Macau Property Opportunities has published results for the year ended 30 June 2015. The adjusted NAV per share fell by 18.7% over the year as the portfolio value fell by 14% to $463.7m. The discount widened from 11% to 17% over the year and has widened further since – to 39% today. Assuming a full drawdown […]
Pacific Assets’ interim results for the six months ended 31 July 2015 show the total return on net assets was -3.9% which was better than the -7.1% return posted by The MSCI AC Asia ex Japan Index for the period and the best performing fund in its peer group. Shareholders will be pleased that the share […]
Sarah Emly, co-portfolio manager for JPMorgan Claverhouse Investment Trust, JPMorgan Elect, JPMorgan Income and Capital and JPMorgan Income & Growth, will be taking a period of leave away from the office for health reasons, with immediate effect. Sarah has worked closely alongside a number of senior JPMAM portfolio managers for 20 years; those colleagues continue […]
