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 […]
Jupiter European Smaller Companies has announced results for the year ended 31 March 2015. The headline figures aren’t exciting – the net asset value total return was 0.3% which compares to a 0.1% return on the fund’s benchmark and a -1.4% return to shareholders as the discount widened slightly. The total dividend for the year […]
JPMorgan Indian’s interims for the six months ended 31 March 2015 show the fund producing a total return on net assets of 26.8% well ahead of the Company’s benchmark index, the MSCI India Index (in sterling terms), which returned +14.3% over the period. The return to shareholders was +26.7%, reflecting a stable discount which moved […]
Lowland’s performance was just ahead of its benchmark over the six months ended 31 March 2015. The interim report says the total return on net assets was 5.6% as compared to 5.3% for the FTSE All-Share Index. The share price return was hit by a shift from trading on a 0.7% premium to a 7.6% […]
Empiric Student Property has been busy in recent days, acquiring a development site in Huddersfield (Oldgate House, pictured) for £11m and a portfolio of five operational, direct-let, premium student accommodation properties in Lancaster and Leicester from CityBlock, comprising a total of 381 beds, bought for £26.5m – this is on top of the deal they […]
Riverstone Energy is investing up to $33m as part of a $100m investment in Carrier Energy Partners II LLC. Riverstone and Carrier II Management previously formed Carrier Energy Partners, LLC (“Carrier I”) in August 2013 to pursue the same strategy. Since then Carrier has participated in two joint ventures targeting development of oil and gas […]
