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 […]
Caledonia’s net assets value total return over the year ended 31 March 2015 was 14.2%. They aim to generate returns of RPI+3% to RPI+6% per annum over a ten year period The dividend was increased by 3.1% to 50.6p marking the 48th year of consecutive dividend increases. The portfolio, before management expenses and other net […]
TR Property beat its benchmark by a decent margin over the year to the end of March 2015, producing a return on net assets of 28.3% and a share price return of 29.5% as compared to a 23.3% return on the benchmark. The dividend was increased by 3.4% on earnings up 9.9% and the dividend […]
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 […]
Henderson Value Trust interim results for the half-year ended 31 March 2015 show a NAV total return of 0.4% which compares against a 12.4% rise in its FTSE World Index benchmark. However, the managers that this this masks some encouraging developments within the investment portfolio. They say that new investments made by Henderson, which were in […]
Sirius Real Estate has announced its full year results for the year ended 13 March 2015. The company completed a dual listing on the Alternative Exchange of the Johannesburg Stock Exchange in December 2014 and, at the same time, raised €40m to support the expansion of the property portfolio. The company has since announced the acquisition of […]
MedicX Fund has announced its interim results for the half year ended 31 March 2015. The company reports adjusted earnings of £7.0 million during the period, an increase of £2.3 million or 48.9% year-on-year. Its adjusted net asset value increased 4.6% to 68.8p per share whilst the total share price return was 5.4% during the period. In terms of […]
