Aurora Investment Trust’s Board has agreed in principle to proposals that it believes will achieve the Board’s objective of offering an attractive continuing vehicle and a cash exit for shareholders. The Company’s existing manager is to be acquired by Phoenix Asset Management Partners Limited. It is then intended that the Company’s investment policy and strategy will reflect the […]
JPMorgan Mid Cap, managed by Georgina Brittain and Katen Patel, has reported a total return on net assets for the year to 30th June 2015 of 24.7%, 9.7% ahead of the Company’s benchmark index, the FTSE 250 Index (excluding investment trusts), which returned 15.0%. The discount at which the ordinary shares trade to their net asset value per […]
ICG Longbow has published its interim report covering the six months ended 31 July 2015. They say that over the period the NAV increased modestly to 100.12p. The shares traded in a range of 101.25p to 106.25p, they are currently 106p, maintaining a small premium to NAV throughout. The Company paid a first interim dividend of 1.5p for the […]
ARC Capital Holdings has published results for the year ended 31 December 2014. These are obviously well out of date but they bring investors more up to speed with developments in the business. Normally we summarise large chunks of results statements to make your life easier but In ARC Capital’s case there is so much […]
Over the six months ended 31 July 2015, Mercantile managed to generate a return on net assets of 15.0%, 3.9% more than the 11.1% return posted by the FTSE All-Share ex FTSE100 and Investment Companies Index that the fund uses as a benchmark. the return to shareholders was 15.6%. They have paid 20p in dividends so far […]
Foresight Solar Fund has announced the completion of its acquisition of the 16MW Membury asset, located in Hungerford, Berkshire. The solar farm was connected to the Grid in March 2015 and has received Renewable Obligation Certificate (“ROC”) accreditation at the rate of 1.4ROCs/MWh. The deal has been funded using the Company’s existing £150m acquisition facility. […]
Gresham House has sold a large part of its site at Newton le Willows, Merseyside and announced interim results for the six months ended 30 June 2015. 25.8 acres of the site at Newton-le-Willows has been sold to Persimmon Homes Ltd. The transaction will realise a total of £7.25m net. A deposit and initial payment of £944,610 has been […]
The Cayenne Trust has released its interim results for the six-months ended 31 July 2015 during which its NAV per share increased by 1.6% (4.2% on a fully diluted basis). In comparison, the FTSE All Share Equity Investment Instruments Index increased by 3.39% during the period. A dividend of 3.8p was paid on 21st August. […]
Hansteen Holdings has announced the acquisition of two assets in Derbyshire for a total price of £41.1m. West Hallam Industrial Estate (Ilkeston, South Derbyshire) is being acquired for £27.3m, which reflects a net initial yield of 6.2%. Completion is due on 24 September. Belasis Business Park (pictured) is located in Billingham, Teesside. It is being acquired […]
Dexion Absolute has announced the results of its 2015 redemption and with it the closure of both the US$ and Euro share classes. Now only the sterling share class remains although Euro and US$ shareholders were given the option to switch into the Sterling share class. Under the terms of the redemption offer, 25% of the […]
