Introduction of AIM stocks benefits Montanaro UK Smaller Companies – the NAV per share of Montanaro UK Smaller Companies (MTU) increased by 7.3% during the year. The share price rose by 9.8% to 560p, reflecting a modest tightening of the discount over the year from 16.0% to 18.0% at 31st March 2018. The company reported that the introduction of […]
Both JPMorgan European’s portfolios beat the index – JPMorgan European has reported its full results for the year ended 31st March 2018. There are two share classes – Growth (JETG) and Income (JETI). Over the 12 month period under review, the company’s benchmark index, the MSCI Europe ex UK Index in sterling returned 3.0% (total return) Results JPMorgan […]
Civitas Social Housing reports “a strong start” – Civitas Social Housing REIT (CSH) aims to provide its shareholders with an attractive level of income, together with the potential for capital growth from investing in a portfolio of social homes. The homes are let to local authorities or housing associations. The objective of Civitas Social Housing is to acquire […]
Triple Point Social Housing adds six properties – Triple Point Social Housing REIT has exchanged contracts to acquire six properties, comprising 27 units, for an aggregate commitment of GBP4.4 million (excluding costs) of these, four were subject to simultaneous exchange and completion (totalling GBP1.8 million). The properties are located in East Anglia (3 units), the […]
Investment Trust Insider on ICG Enterprise James Carthew: the perverse discounts on private equity Some of the discounts in private equity investment trusts look perverse given the high prices they are achieving on the sale of mature portfolios. The listed private equity market has become cluttered with trusts suffering a slow death. Some of these […]
Positive performance and lower costs from Fidelity China Special Situations – The NAV of Fidelity China Special Situations (FCSS) returned +22.2% (total return) over the year ended 31 March 2018. The company’s benchmark Index, the MSCI China index returned 23.8%. Therefore, the NAV of company underperfoprmed its benchmark by 1.6%. The share price delivered a […]
AEW UK REIT plans further expansion – AEW UK REIT has published results for the year ended 31 March 2018. the highlights are: Net Asset Value (‘NAV’) of GBP146.03 million and of 96.36 pence per share as at 31 March 2018 (30 April 2017: GBP118.67 million and 95.98 pence per share). Operating profit before fair value […]
HICL Infrastructure adds to A63 stake – Incremental Acquisition HICL Infrastructure Company Limited has agreed to acquire a further 7.2% interest in the A63 Motorway concession in France for EUR62m from funds managed by DIF Infrastructure III and DIF Infrastructure IV. The acquisition is not subject to any further conditions and will complete by the end […]
Ranger Direct Lending will wind up – Ares Capital Management III LLC has notified the board of Ranger Direct Lending that it no longer wishes to take up the position as investment manager. The board has concluded, therefore, that it doesn’t make sense to keep the company going. It has decided to recommend that the […]
GAM drops support for Invesco Perpetual Enhanced requisition – Invesco Perpetual Enhanced has published a letter from its chairman to shareholders and an overview of the situation regarding the requisitions to be put to a vote by shareholders at an Extraordinary General Meeting in Jersey, on Friday 20 July 2018. The requisitions are from Invesco Perpetual and […]
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