A quick summary of interim results for periods ended 30 June 2015 announced on 26 August 2015 APAX Global Alpha reported its first set of results since listing. Its NAV was up 8% over H1 2015 t0 €1.79. BH Global said at the six month stage on 30 June 2015 the Net Asset Value per […]
Hansteen is raising £40m at 110p per share to help fund the acquisition of a further £103.7m of units (35.7% of the fund) in the Ashtenne Industrial Fund. They say the deal represents an acquisition of £156.8m of UK industrial property valued at a yield of 8.3 per cent. The price is an effective c.5% discount […]
F&C Commercial Property Trust says it returned 8.2% on net assets over the first half of 2015. The return to shareholders was 5.7%. Shareholders got six, monthly dividends of 0.5p – keeping them on rack for their 6p target dividend for the year. The return on the property portfolio was 7.4%, ahead of the total […]
VPC Speciality Lending has published its first set of figures covering the period from launch to 30 June 2015. The net asset value at the end of the period was 99.62p and the share price was 102p. The first interim dividend of 0.9p was declared in August. The proceeds of the IPO had been fully […]
NB Private Equity has announced interim results for the first half of 2015. It is reporting a 2.6% increase in Net Asset Value to $713.0 million (31 December 2014: $694.8 million). This was driven by unrealised gains on public and private equity holdings as well as cash and payment-in-kind (“PIK”) interest on its income investment portfolio. Of the $45.1m uplift […]
Fair Oaks Income Fund says the Fair Oaks Income Fund LP (the “Master Fund”) has entered into binding contracts to acquire, in the primary market, $28.0 million notional of equity notes, representing 73% of the total equity, and $8.6m notional of Class F notes of Shackleton 2015-VIII CLO, a new CLO backed by a portfolio […]
Industrial Multi Property Trust says its adjusted net asset value rose to 237p as at 30 June 2015 from 220p at 31 December 2014. The adjusted earnings per ordinary share worked out as a loss of 7.9 pence for the six months to 30 June 2015 (loss of 7.7 pence for the six months to 30 […]
CVC Credit Partners European Opportunities says its Euro and Sterling Ordinary shares have returned 4.8% and 5.0% respectively on a total return basis for the six months ended 30 June 2015. They have been managing the portfolio with the aim of paying an annual dividend yield of around 5%. A 2.5p / 2.5c semi-annual dividend was declared […]
NewRiver Retail is buying 158 pubs from Punch Taverns for £53.5m which equates to a net initial yield of 13.61%. The projected annual profit before tax of the portfolio is circa £6m, which will generate a cash on cash equity return in excess of 20%. The acquisition of the portfolio includes circa £0.5m of fixtures, […]
Avarae Global Coins reports results for the year ended 31 March 2015. Its NAV per share increased to 14.9 pence (2014: 14.5 pence). It made sales of £630,000. Profit on ordinary activities of increased more than 50% to £380,000 up from £250,000. The full year dividend is maintained at 0.15 pence per share. The carrying value of their […]
