Herald Investment Trust’s results for the year ended 31 December 2014 show its asset value outperforming its benchmark but shareholders losing money as its discount widened. The total return on net assets for the year was 1.3% while a blend of the Numis Smaller Companies Index plus AIM excluding investment companies and the Russell 2000 (small cap) […]
Primary Health Properties has announced results for the year ended 31 December 2014 that show a 6.3% increase in its EPRA net asset value to 319p (on property values up 3.2% on a like for like basis) and EPRA earnings per share more than doubled from 7.6p to 16.4p. The full year dividend has been […]
Kennedy Wilson Europe Real Estate has recently completed the acquisition of eight loans secured by first ranking mortgages over eight Park Inn hotels across the UK from two financial institutions. The purchase price for the loans is £61.5m reflecting a gross yield on cost of 9.3%. The acquisition will be funded from the Company’s cash resources. […]
City of London’s interim results for the six months ended 31 December 2014 show it generating a total return on net assets of 2.1% and a return to shareholders of 1.6%, better than the FTSE All-Share index which returned -0.4%, the average for its AIC peer group, 1.2%, and the average UK Equity Income OEIC, […]
Utilico Investments has published its interim report covering the final six months of 2014. Over that period the total return on net assets was -2.0% which compares to a return of -0.4% on the FTSE All-Share Index. Within the listed portfolio, Zeta Resources and Resolute Mining fell by 35.2% and 59.0% respectively. This reduced Utilico’s listed portfolio value […]
El Oro has published its interims for the six months that ended on 31 December 2014. The net asset value fell from 95p to 79.7p. Exposure to resource stocks was a significant factor in this. ELX : El Oro net asset value plunges
Brunner Investment Trust has published its results for the year that ended on 30 November 2014. Over the year the fund’s net asset value total return lagged the return on its benchmark by 3.6% (Brunner’s return was 6.0% and 9.6%). The company’s earnings fell too, by 3.3% to 14.7p. By contrast however the full year dividend […]
As James Hart, one of the investment team working on The Cayenne Trust, departs for Witan (see separate story) and Len Gayler, the fund’s chief executive, decides he’d like to relinquish responsibility for the fund in 2016, The Board of The Cayenne Trust has decided that the best course of action is to plan to […]
Witan has announced that James Hart is joining Witan’s management team to work alongside Andrew Bell on “developing, implementing and communicating Witan’s investment strategy”. After graduating from The University of Exeter in 1992, James joined Olliff & Partners, a stockbroker specialising in closed-end funds. In 1996, he joined Bank Julius Baer to develop the bank’s […]
A&J Mucklow has announced interim results for the six months ended 31 December 2014. Over the period its EPRA net asset value rose by 8.9% from 358p to 390p on property revalued upwards by 6.9% (industrial property increased in value by 8.4%; offices by 5.8% and retail property by 3.1%. Occupancy was better, at 94.3% […]
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