In Newcastle Empiric Student Property will acquire on practical completion the freehold of a turnkey student accommodation and retail scheme, Metrovick House (pictured), in central Newcastle for £7.4m (excluding costs). The property, which is the Group’s second acquisition in Newcastle, is located in the city centre with excellent transport links and is walking distance from the City’s […]
Public Service Properties has reported its interim results for the six months ended 30 June 2015. The NAV at 30 June 2015 was 49.1p. In March 2015 the Company completed the disposal of its investment in the UK healthcare sector with the sale of companies, businesses and assets at a gross sale value of approximately £34.5m […]
North Atlantic Smaller Companies generated an 11.8% return on net assets for the six months ended 31 July 2015, well ahead of the return on comparable indices such as the S&P 500 which returned 1.7%, the Russell 2000 which returned 2.5% or the FTSE All-Share which returned 0.9%. The share price appreciated by 10.7%. The […]
Pacific Horizon has published results for the year ended 31 July 2015. Over the year the fund delivered an NAV return of -1.6% a bit behind the MSCI All Country Asia ex Japan Index which decreased by 0.9%. shareholders did better however as the share price increased by 2.2% and the discount narrowed from 11.5% […]
CatCo Reinsurance Opportunities has announced that its investment manager, CATCo Investment Management Ltd. has agreed to sell substantially all its assets to Markel Corporation, a U.S. based diverse financial holding company whose principal business markets and underwrites specialty insurance products. Listed on the New York Stock Exchange, Markel has a market capitalisation of approximately $11.5 […]
Pacific Alliance China Land Limited says it has completed the listing and auction process with the Shanghai United Asset and Equity Exchange to sell its minority stake in a large parcel of land in Shanghai which is near to the future Disneyland location. The sale is expected to close by the end of September 2015, at […]
Crystal Amber has published results for the year ended 30 June 2015. Over the year its NAV rose by 4.6% to 168.26 pence. The dividend increased tenfold from 0.5p to 5p. The total return per share for the year was 5% which compares unfavourably to the FTSE 250 total return of 14.5% and FTSE Small Cap total return of […]
Empiric Student Property is expanding in Exeter with the acquisition, subject to planning, of a site on Bonhay Road, Exeter, for a price of £2.5m. The site is to be developed into a 139 bed new-build premium student accommodation scheme and a forward funding development agreement is expected to be entered into shortly. The Group […]
Cambria Africa has published results for the year ended 31 August 2014 and interims or the six months ended 28 February 2015 and consequently has successfully applied for a restoration of trading in its shares. Key events for the 2014 financial year were: On 8 May 2014, the Company disposed of the Southerton property, which […]
Baillie Gifford Shin Nippon has published results for the six months ended 31 July 2015. It was a great period for shareholders in the fund as the net asset value per share (after deducting borrowings at fair value) rose by 17.0% compared to a 6.1% rise in the MSCI Japan Small Cap Index and the share […]
