Phaunos Timber results for 2014 show the asset value falling from 78 cents to 57 cents and its share price falling from 49 cents to 37 cents. They aren’t paying a dividend. Part of the fall in the net asset value can be attributed to the dilutive issue of 30m shares at 40 cents during […]
Global Resources Investment Trust’s net asset value fell by 22.6% over the six months that ended 28 February 2015. The share price fell by 38.2% however and has fallen further since the end of the period. The manager notes than we are in the fourth year of a bear market in commodities, making it one […]
Acencia Debt Strategies says its net asset value, adjusted for dividends, increased by 4.9% over the course of 2014 and its share price grew by 8.0%. They are paying a dividend of 1.95p for the period. Notable investments include the Lehman estate (which is gradually working its way through liquidation) – they say the process is slow and litigious […]
Tritax Big Box REIT has announced that it is buying the B&Q Core Products Regional Distribution Centre at Worksop, Nottingham for £89.75m. The price is equivalent to a net initial yield of 5.13%. Constructed in 2005 for B&Q, the property is of a high specification and incorporates modern design features including cross docking, eaves height of […]
Redefine International has reported earnings per share up 5.2%, net asset value up 8.3% and a dividend up to 1.6p from 1.5p for the six month period ended 28 February 2015. Following the capital raising they have just completed the LTV ratio is 45.1% and they reckon they have cash of £72.5m available to invest. […]
Over the six months ended 28 February 2015, Schroder Oriental Income produced a total return on net assets of 7.3% and the share price produced a total return of 6.7%. This compares to a total return of 2.9% for the MSCI AC Pacific ex Japan Index. They paid a first interim dividend of 1.5p in […]
Summit Germany says its EPRA net asset value rose by 24% to 87 cents over the course of 2014 and earnings per share almost tripled to 23.7 cents as rents rose and occupancy hit 90.4%. They paid dividends of 2.85 cents for 2014 and are announcing a quarterly dividend of 0.77 cents today. the plan […]
Graphite Enterprise has sold its fifth largest investment, the National Fostering Agency, for £11.9m. They say this adds 0.5% or 3.6p to the net asset value. This was an investment managed by Graphite Capital that they bought in 2012. GPE : Graphite Enterprise sells National Fostering Agency
BlackRock Smaller Companies results for the year ended 28 February 2015 show the fund generated a return on net assets of -1.8%, much better than the 8.5% fall recorded by the Numis Smaller Companies plus AIM (excluding Investment Companies) Index. However the company’s discount widened leaving shareholders with a return of -9.2%. The dividend was increased […]
Prospect Japan says its net asset value rose by 9.2% over the course of 2014 – well ahead of the -0.12% return on the MSCI Japan Small cap Index but these numbers are calculated on an IFRS basis where their investment in a convertible bond issued by the manager is valued at $51m vs. its $25m cost. […]
