EPE Special Opportunities saw its net asset value rise by 5% over the year to the end of January 2015 but this modest increased was dwarfed by a 31% rise in its share price. They have £9.96m in net cash in the portfolio, plenty they say, to fund new investment opportunities. Major exits from the […]
Henderson High Income’s results for the year that finished on 31 December 2014 are quite good. The total return on net assets was 7.5% and the return to shareholders was 8.1%. these figures compare to a return on their benchmark, a composite of 80% of the FTSE All-Share Index (total return) and 20% of the […]
Edinburgh Partners Global Opportunities returned 2.2% on net assets over the course of 2014, better than the 1.2% return on the FTSE All-Share index but well behind the 11.3% returned generated by the FTSE All-World Index. The Board aims to pay a dividend of 3.3p for the year (from revenues of 3.7p). The portfolio’s focus […]
Shaftesbury has announced that it has secured a new £130m term loan with Aviva Commercial Finance Limited for 15 years until March 2030.The loan is secured on certain properties held in a subsidiary company and has a fixed interest rate of 3.2% throughout the term. On drawing down the loan from Aviva, Shaftesbury is to […]
Burford Capital has, with its recent final results announcement for the year ended 31 December 2014, posted a 43% increase in its operating profit to $60.7m (2013: $42.5m). This represents a 17% return on equity. The company is also proposing a 34% increase in the dividend to 7.00c per share (2013: 5.23c). Burford saw a 35% increase […]
MirLand Development Corporation’s final results, for the year ended 31 December 2014, show an 18% increase in total revenues from investment properties. The company says this is due to both an increase in income from yielding assets as well as full consolidation of the Vernissage Mall in Yaroslavl. However, Mirland has also suffered a loss of $62.9m, during 2014, due to the […]
British land has announced a £50m refurbishment of its Meadhowhall Shopping Centre (pictured), to mark its 25th anniversary. The refurbishment, which focuses on the centre’s interior, starts in Autumn 2015 and will be completed by the end of 2017, and will create distinct ‘districts’ within the centre. The works will largely be completed out of hours to enable all […]
SVG Capital has announced that Red & Black Lux S.à r.l., an investment company owned by Permira, has its remaining stake in Hugo Boss for £78m. This follows on from the sale of a 6% stake, in August 2014, for £69.4m. SVI : SVG Capital sells remaining holding in Hugo Boss for £78m
Black Sea Property has sent its shareholders a circular to convene an extraordinary general meeting at which it wants them to approve proposals to recommence investment activities in the residential real estate, holiday homes, commercial real estate and distressed real estate markets of Bulgaria, to adopt a new investing policy, appoint a new investment advisor, extend the […]
Juridica has published results for the year ended 31 December 2014. Over this period the net asset value fell from $2.02 to $1.66. 31 cents of this fall relates to a distribution (20p = 31 cents) made to shareholders so the loss on the net asset value over the year was 5 cents. The 5 […]
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