Scottish Mortgage’s earnings rise by 12% – Scottish Mortgage (SMT) has published its final report for the twelve month period up to 31 March 2018. Following a strong year of performance, the company has seen its earnings rise by 12% to 1.20p from 1.07p the year before. Therefore, it was decided that, given the long run capital returns, the dividend […]
Trust favourite Genmab hit by trial setback Denmark’s Genmab, a widely-held stock among the sector specialist investment trusts, has suffered a major setback in the past week with failure/termination of studies involving its lead product Darzalex, which is sold by Johnson & Johnson. The studies were both aimed at expanding the range of uses of Darzalex, […]
Another twist for Vietnam Holding’s shareholders – After news that it is changing its investment agreement with its existing investment manager, its intention to acquire the assets of another Vietnamese listed equity fund (click here for more) and the resignation of fund manager, Vu Quang Thinh (click here for more), shareholders of VietNam Holding (VNH) have found […]
Invesco Perpetual Enhanced Income updates on investment manager search – In April 2018, Invesco Perpetual Enhanced Income (IPE) were served notice by their investment manager, Invesco Fund Managers Limited that they were to step down – click here to read more. In May, the company (IPE) received requests from some of its largest institutional shareholders to hold an […]
Livermore reports on a positive year – In the company’s report for the year ended 31 December 2017, Livermore Investments Group (LIV) reported that its NAV per share increased by 11.0% to USD 1.00 from USD 0.90 the year before. Net profit for the year, however was USD 16.4m from USD 34.0m in 2016. The net income was primarily driven by interest […]
VinaLand divests its stake in Project Romana Resort & Spa – VinaLand Limited (VNL) is an AIM-quoted investment vehicle established to target strategic segments within Vietnam’s emerging real estate market. The company has announced that it has disinvested from one of its holdings, a 96 bedroom hotel called the Project Romana Resort & Spa in Binh Thuan […]
Biotech Growth blames large caps for 2017/18 under-performance OrbiMed-managed Biotech Growth Trust (BIOG) blamed an overweight position in large cap stocks for under-performance against the benchmark Nasdaq Biotechnology index (NBI) in the six months to March 2018 and financial year as a whole, having recorded a 6.7% fall in NAV against a 2.2% fall for […]
Change in manager line-up for NB Global Floating Rate – NB Global Floating Rate Income Fund says that Neuberger Berman Europe Limited, the investment manager has notified it of the resignation of one of the team, Martin Rotheram, who will depart the firm following completion of a six-month notice period. Neuberger Berman Europe Limited has confirmed […]
Electra Private Equity to start formal sales process – Electra Private Equity (ELTA) has reported in its half year results that it will begin a formal sales process. The company returned £349 million returned to shareholders in December 2017, bringing the total in last 18 months to £1.8 billion. It had told the market in a […]
Balance sheet strength and sector focus supports NewRiver REIT’s performance – NewRiver REIT (NRR) has published its report for the year ending 31st March 2018. The objective of NewRiver REIT is to own and operate retail properties that generate a high, sustainable income and provide an attractive environment for retailers and shoppers. Its continued focus is on the most […]
