Fidelity Japanese Values has announced that Nicholas Price (pictured) will be taking over, as manager of the trust, from 1 September 2015. He replaces Shinji Higaki who has managed the portfolio for eight years. Nicholas has over 20 years’ experience in the Japanese equity market. He joined Fidelity’s Tokyo office in 1993 as a research analyst […]
Foreign & Colonial’s results for the first half of 2015 show it delivering a return on net assets of 4.1% and a return to shareholders of 4.0%. By contrast the FTSE All-World Index returned 2.2%. The first interim dividend of 2.3p for 2015 will be paid on 3 August. Second and third interim dividends of […]
Private Equity Investor’s net asset value fell in dollar terms over the year to the end of March 2015 from $3.808 to $3.544 but rose in sterling terms from 228.4p to 238.7p as the dollar strengthened. The share price rose by 6.6% as the discount narrowed to 18.5%. £8.5m was returned via a tender offer […]
Tiso Blackstar says it will increase its interest in Robor from 19.4% to 51%. Tiso Blackstar will purchase additional ordinary shares in Robor from certain existing Robor shareholders for a consideration of R29.6m (£1.5m) which will be settled through the issue of new Tiso Blackstar shares at intrinsic net asset value per share. Established in 1922, Robor […]
Highcroft Investments reports an increase in its net asset value from 923p to 965p over the six months ended 30 June 2015. The interim distribution has been increased by 8% to 14.3p. Gross rental income was up 7%, primarily on the back of rental income from properties in Ash Vale and Crawley purchased in the second half of 2014 and […]
Aberdeen UK Tracker has done its job and tracked the FTSE All-Share Index over the first half of 2015 and now has a 25 year track record of doing so. The Board are happy but they have decided to cut the fees they pay to Aberdeen to manage the fund – the new fee basis […]
intu Properties results for H1 2015 show a 4% total return – the adjusted diluted net asset value rising from 379p to 385p and underlying earnings per share rising from 6.4p to 6.8p. The interim dividend has been maintained at 4.6p. They outperformed the IPD – their property revaluation surplus was 1.9% like-for-like, partially attributable to […]
Aberforth Smaller Companies interims for the six months ended 30 June 2015 show the fund generating a total return on net assets of 15.3%, well ahead of the 11.8% return on the Numis Smaller Companies ex Investment Companies Index. The return to shareholders was 12.9% as the discount widened from 7.7% to 9.8%. The interim […]
Mithras results for the first half of 2015 show the NAV falling from 162.1p to 158.4p meaning that the NAV total return was also negative -1.7%. The return to shareholders was 3.5%. these numbers compare to a 3.5% return on the FTSE All-Share Index. the Company completed its fourth tender offer in June 2015, buying back a […]
Phoenix Spree Deutschland has announced the acquisition of an apartment complex located in Friedrichshain, Berlin. The purchase price is €16m which works out at a price per square metre of €2,580 or a prospective gross yield of 4.8%. they say the deal will increase the Fund’s rental income by c. 6%. The apartment complex is located […]
