First – Karin Forseke (Alliance Trust’s Chairman)’s message to shareholders in the circular convening the meeting: “Dear Shareholder, Who are Elliott and what do they really want? Our Company has been requisitioned by Elliott Advisors (UK) Ltd. to appoint three additional directors to the Board of Alliance Trust. Your Board believes this is just the […]
GLI Finance has increased its stake in Trade River Finance from 9% to 43.9% and taken its interest in Trade River’s preference shares up to 100% by offering to swap shares in Trade River for shares and zeros issued by GLI Finance. A number of shareholders took up the offer and 6.2m new GLI shares have […]
Town Centre Securities has announced the acquisition of Units 2, 3 and 6 Waterside Business Park, a multi-let industrial estate in Stourton, Leeds from clients of CBRE Investors. The three units were purchased for a total of £4.48m, reflecting a net initial yield of 7.25%. Tenants include SW Group Logistics limited, European Stock Solutions Limited […]
BlackRock Emerging Europe’s results for the year ended 31 January 2015 show the impact of sanctions and the oil price fall on the Russian economy. The fund’s net asset value fell by 12.7% in total return terms. this better though that the equivalent 17.8% fall in the MSCI Emerging Europe 10-40 Index. A widening of […]
Final results for Pacific Assets were released on Friday. Over the year to the end of January 2015 the fund generated a return on net assets of 32.6% and a return to shareholders of 37% both well ahead of the 24.1% return on the MSCI All Country Asia ex Japan Index. The dividend was maintained […]
Mercantile results for the year ended 31 January 2015 have been published. These show that the fund marginally underperformed the Company’s benchmark with a return of 4.4% against 4.6% for the benchmark. Share price total return was -0.7%. The dividend was increased by a penny to 41p on revenues that fell from 47.5p to 42.1p. the […]
Martin Currie Global Portfolio results for the year ended 31 January 2015 have been released. They show the fund underperforming its benchmark, the FTSE World Index, a bit in net asset value terms – returning 16.1% vs. 17.3% – but marginally outperforming in share price terms – +17.4%.The dividend was increased from 4p to 4.1p but this was […]
Schroder Japan Growth’s interims for the six months ended 31 January 2015 show the company’s NAV produced a total return of 12.1%, outperforming the Benchmark Index, which produced a total return of 8.9%. The share price produced a total return of 11.3% during the period. Andrew Rose’s manager’s report says the sharp fall in the oil […]
VinaCapital Vietnam Opportunities Fund added around 1% to its NAV over the second half of 2014. This was well ahead of the Vietnam Index which fell by 6%. The best performing part of the portfolio was their private equity positions. They sold An Giang Plant Protection for $63.1m. This investment was originally purchased five years ago […]
Dunedin Income & Growth outperformed the FTSE All-Share Index by 4% over the year that ended on 31 January 2015, over the period the fund’s net asset value total return was 11.1% vs. 7.1% for the Index. The return to shareholders was just 6.8% however as the shares moved from trading on a 1.6% premium […]
