Infrastructure India has announced that its logistics terminal in Bangalore is now up and running. They have agreed a ten year business plan for Distribution Logistics Infrastructure Private Limited, the 99.9% subsidiary that is running the business. Vikram Viswanath, a non-executive director of Infrastructure India, is taking up the role of “Advisor” to the management team of […]
Riverstone Energy is contributing up to $167m towards what could be a $500m investment in Three Rivers Natural Resource Holdings III LLC, a newly-formed, Austin (Texas) -based oil and gas company. Three Rivers III is the third partnership between funds managed or advised by Riverstone and Three Rivers III’s management team. The first two have sold substantially […]
LXB Retail Properties has been hinting at an imminent disposal of two other large assets following on from the sale of their investment in Sutton. today they have announced the sale of their investments at Biggleswade and Rushden. They’ll get £58.5m for Biggleswade now, a further £10.2m when phase one of that development is completed (on […]
John Laing Infrastructure has announced that David Marshall, who heads up the team at John Laing Capital Management alongside Andrew Charlesworth, the investment adviser to the Company, has decided to retire and will therefore be leaving JLCM with effect from 1 July 2015. Andrew Charlesworth is staying on. JLIF : David Marshall retiring from […]
City Merchants High Yield generated a 5% return in net assets and an 8.5% return to shareholders over 2014. The dividend was maintained at 10p. The shares moved from trading at a 0.1% discount to a 3.2% premium. The portfolio has a weighting in subordinated debt issued by European banks. This fell in value over […]
Fair Oaks Income has announced results for the period ended 31 December 2014. The company listed in June 2014. Over the period from launch to the end of the year, the NAV return was 4.2% and the share price return 4.3%. They paid a first dividend of 4.25 cents per share and have switched since to paying […]
Golden Prospect Precious Metals published its annual report for the year ended 31 December 2014 yesterday. it says much about the fund’s performance that it doesn’t get a mention in the Chairman’s statement and is a throw away last line in the manager’s report “The fund NAV ended the year at 31p, a decline of […]
Acorn Income Fund released results for the year ended 31 December 2014 yesterday. Over 2014 the total return on gross assets was -0.4%. This compares to a -1.8% return on the Numis Smaller Companies ex Investment Companies Index, a -2.7% return on the FTSE Small Cap. ex Investment Companies Index and a 1.2% return on the […]
HICL Infrastructure is paying €11.5m for a 75% interest in the Zaanstad Penitentiary Institution PPP project. The Project comprises the construction and 25-year operation of a new penitentiary institution in Zaanstad, the Netherlands. The Project is governed by a Design, Build, Finance, Maintain and Operate Agreement with the State of the Netherlands and has tenure […]
JPMorgan American’s results for 2014 show the fund just beat its benchmark, the US market, as measured by the S&P 500 total return Index in sterling terms, provided a return of 20.4%. By contrast the net asset value total return was 20.8%. The share price return was 22.6%. They are paying a dividend of 3.25p for […]
