Over the course of 2014 Fidelity European Values generated a total return on net assets of 5.1% – well ahead of the 0.2% return generated by the FTSE All-World Europe ex UK Index, its benchmark. Shareholders did even better as the fund’s discount narrowed from 7.9% to 4.6%, pushing the return to shareholders up to […]
Haversham Holdings, which Marwyn invested in on its listing last year, has been linked to a £1.2bn bid for British Car Auctions, the owners of the webuyanycar.com website. An article in today’s Times says the two companies are in advanced talks. Haversham Holdings has confirmed that it is in “very advanced discussions which might lead to […]
Real Estate Investors says its EPRA net asset value rose by 4% over the course of 2014 – from 59.1p to 61.3p. Its EPRA earnings per share were negative although less so than in 2013 – loss per share of 0.3p vs. 0.4p in 2013. The dividend has been hiked by 50% however to make […]
RAB Special Situations’ results for 2014 show its net asset value falling from 16.83p to 11.43p – almost a third. 1.36p of the fall came from preparing the accounts on the basis that the fund is no longer a going concern. This was done on the basis that the Board thinks shareholders will vote against […]
Elliott Advisors, which holds a 12% stake in Alliance Trust, has today called for three directors of its choosing to be put onto the Alliance Trust Board. They say they have concerns over corporate governance which they have raised with the company but didn’t feel they were getting a meaningful response. The three nominees are Anthony […]
Alpha Pyrenees has published results for the year that ended on 31 December 2014. The fund’s net asset value has been declining in recent years – falling from 28.5p at the end of June 2013 to 22.8p at 31 December 2013 to 12p at 30 June 2014 and finally 6p at 31 December 2014. The […]
For the year to the end of December 2014, Canadian and General’s net asset value per share total return was 8.4% and the return to shareholders was 13.3%. By comparison, the total return of its benchmark, the S&P/TSX Composite Index, was 10.6% during the same period. During 2014, CGI paid two regular quarterly taxable dividends that aggregated to $0.24 per common […]
Japan Residential Investment Company has published results for the year ended 30 November 2014 that show its net asset value fell by 2.6p to 56.1p. This fall was entirely down to the weakness of the yen against sterling. in yen terms the net asset value rose by 5.7% over the year. The dividend for the […]
Baillie Gifford Shin Nippon has published results for the year ended 31 January 2015. The company’s net asset value return lagged that of the MSCI Japan Small Cap Index by 1.5% over the year, returning 11.7% against the Index’s 13.2%. Shareholders suffered as the company’s shares went from a premium to a discount of 6.6% – […]
HICL Infrastructure has announced the acquisition of three stakes in BSF (Building Schools for the Future) projects – the predecessors of the PF2 type deals announced yesterday. The stakes it’s buying are a n40% interest in the Salford & Wigan Phase 1 BSF([1]) Project, a 40% interest in the Salford & Wigan Phase 2 BSF […]
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