Edinburgh Worldwide beat its benchmark by a decent margin over the six months ended 30 April 2015, returning 14.7% on net assets vs. a 10.4% return for the benchmark, the S&P Citigroup Global Small Cap Index, the return to shareholders was even better at 17.7% as the discount narrowed from 8.5% to 6.1%. There is […]
DP Aircraft One has announced that it is raising $102m in order to finance the acquisition of two Boeing 787-8 aircraft (commonly known as Dreamliners) which will then be leased to Thai Airways. DPA : DP Aircraft One will buy planes for Thai Airways
Montanaro European Smaller Companies Trust underperformed its benchmark, the MSCI Europe SmallCap ex UK Index, over the year to the end of March 2015 – falling by 3.6% vs. a 1.6% increase in the Index. The discount widened slightly as well leaving the share price 4.6% lower. return were held back by the weak Euro which […]
PME African Infrastructure has published results for the year ended 31 December 2014 which is quite a while ago now. For what it’s worth the net asset value fell from 46 cents to 24 cents over 2014. since the year end the company has sold its largest asset, Sheltam Holdings, for $11.5m. The deal completed […]
Establishment Investment Trust has published results for the year ended 31 March 2015. Over that period the fund delivered a return on net assets of 13.6% and a return to shareholders of 6.9%. The dividend was increased from 4.7p to 4.9p. By contrast he FTSE WMA Stock Market Balanced Index returned 12.0%. During the year […]
Over the year to the end of March 2015, Value & Income’s net asset value total return was 2.5%. This lags the 6.6% return on the FTSE All-Share Index and a widening of its discount to 15.1% meant that the return to shareholders was -1.7%. The full year dividend has been increased by 5.9% to 9p. […]
Monks has published results for the 12 months ended 30 April 2015. In the year to 30 April 2015, the net asset value total return, with borrowings at fair value, was 13.0% and the share price total return was 18.8% as the discount narrowed. The total return of the FTSE World Index in sterling terms […]
Custodian REIT has acquired 1.88 acres of land at the Tournament Fields development, two miles south west of Warwick at junction 15 of the M40. The location allows easy access to the motorway network, mainline rail services (via Warwick Parkway station) and is close to Birmingham International Airport. Other occupiers on the business park include […]
John Laing Environmental Assets has published its first set of results covering the period from its launch on 31 March 2014 to the end of March 2015. The NAV at the end of the period, adjusting for the dividend, was 98.2p – this compares to the 100p launch price and the 98p initial NAV of the company […]
Dolphin Capital has this morning announced a series of measures that they believe will help narrow their discount to asset value. In a nutshell, they are raising €75m (but we don’t know the price yet so it’s not clear how dilutive this will be to existing shareholders – the guess would be very as the […]
