Capital Gearing has announced results for the year ended 5 April 2015. Over the year the net asset value grew by 5.7% but the share price fell by 0.7% as the shares moved to trade on a lower premium to asset value. The dividend was increased by 25% to 20p. The persistent premium that the […]
Praetorian Resources has today published a circular convening a meeting at which shareholders will be asked to approve a number of changes to the way the company is run. First the Board is proposing a new investment policy which would mean that the company would become a diversified royalty finance company. the proposed new investment […]
Majedie’s net asset value total return for the six months to the end of March 2015 was 14.5%. The return to shareholders was 10.5%. The interim dividend is 3p. 38.5% of the assets is in a segregated fund that tracks the MAM UK Equity Fund. This returned 7.7% net of fees in the six months […]
Elephant Capital’s net asset value rose by a penny over the six months to the end of February 2015 to reach 36p. Most of that increase can be attributed to a write up in the value of Air Works India (Engineering) Private Limited. Elephant Capital sold its last listed investment after the end of the […]
British Empire, chaired by Strone Macpherson (pictured), has reported total returns of 7.2% on both its net assets and shares for the six months ended 31 March 2015. These numbers are behind the returns on all the indices that British Empire uses to benchmark its performance. The Morgan Stanley Capital International All Country World ex-US Index total return […]
McKay Securities’ results for the year ended 31 March 2015 are out. The EPRA NAV was up 18.9% to 270p. Adjusted profit before tax up 69.2% to £5.79m (fall from £38m to £33m on an IFRS basis which takes into account changes in the value of interest rate hedges). The Total Shareholder Return was 24.8% […]
Securities Trust of Scotland lagged its benchmark a little over the year to the end of March 2015, returning 12.5% on net assets against a 13.4% return on the benchmark. Shareholders did much worse however as a discount opened up leaving them with a return of just 3.1%. The dividend was increased from 4.8p to 4.9p. […]
Over the six months to the end of March 2015 BlackRock Income Strategies generated a 0.5% return on net assets and on its share price. It declared dividends totalling 3.17p for the period – up 5.1% on the equivalent period last year but earned 15% less income so these dividends were not covered by earnings. These […]
Over the year to the end of March 2015, Martin Currie Pacific returned 19.3% on net assets and 24.8% on its share price. by contrast, the total return of the MSCI Asia ex Japan Index was 24.7% in sterling terms for the year (but NB this is not the fund’s benchmark). The dividend was maintained at […]
Aseana Properties will ask shareholders to approve a change of investment policy at an EGM to be held on 22 June 2015. The new policy will say that the Board and the Manager are committed to realising the Company’s assets in a controlled, orderly and timely manner with a view to achieving a balance between […]
