Standard Life UK Smaller Companies has published interim accounts for the six months ended 31 December 2014. It beat its benchmark over this period, returning 1.6% on net assets as compared to a -1.3% return on the Numis Smaller Companies Index (excluding Investment Companies) and the FTSE100 Index of the largest UK listed companies fell by […]
Better Capital Fund I has split its investment in IT services business, Calyx Group, into two parts – Calyx Managed Services and m-hance (presumably deciding that they weren’t “better together”) and has sold off the Calyx Managed Services part to MXC Capital Limited for an enterprise value of £9m. Fund I will get cash of […]
Tritax Big Box REIT has published its first set of results, covering the period from inception on 1 November 2013 until the end of December 2014. over that period the fund’s net asset value rose to 107.02p – up from 98p (post issue expenses) when it launched. They also paid two dividends – the first […]
Target Healthcare REIT has published results for the six months ended 31 December 2014 that show the company’s net asset value rising by 0.8% to 95.5p on property values that rose by 2.7% on a like for like basis. Revenue earnings increased by 91.6% to 3.2p. they paid two quarterly dividends of 1.53p, up 2%. […]
Greencoat UK Wind has published results for the year ended 31 December 2014. Over 2014 it generated a return on net assets of 8.7% – their net asset value rose by 2.5% and they paid dividends totalling 6.16p, these were covered 1.6x by earnings. The target for the dividend for 2015 is 6.26p – an […]
3i Infrastructure is paying €111m for a 45% interest in Oiltanking Terneuzen B.V. in the Netherlands and Oiltanking Ghent N.V. in Belgium. The Oiltanking companies provide storage and related services for refined oil products, chemicals and biofuels. Both companies provide essential services and benefit from locations, facilities and operational capabilities that give them strong appeal […]
JPMorgan Mid Cap has announced interim results for the six months ended 31 December 2014 that show the fund delivering a total return on net assets of 9.6% – well ahead of the FTSE Mid 250 Index which returned 3.2%. The return to shareholders was 9.2%. the interim dividend has been increased by 45%, from […]
JPMorgan Private Equity has announced interim results covering the six months ended 31 December 2014. Its net asset value rose by 7 cents over the period or 6.4% and its share price rose by 5.5%. JPMorgan Private Equity has made good progress on its plan to cut debt and invest $150m in new investments. It has been reducing its exposure […]
Genesis Emerging Markets has reported an NAV that has barely changed over the six months to the end of December 2014 – falling from 578p to 576p. The share price fell by 4% however as the fund’s discount widened to 9.4%. Following a regular internal review, the Manager has considered that a reduction in the […]
JPMorgan Overseas shareholders made more money than the fund’s benchmark, the MSCI all countries World Index, over the latter half of 2014. The total return to shareholders was was 8.7% vs. 7.6% on the Index. The outperformance came from an improvement in the fund’s rating rather than the performance of the underlying portfolio however; on a […]
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