JZ Capital Partners has announced three property deals this morning – two in Williamsburg to complement their existing portfolio and a third, their first property venture outside New York state, in Miami, Florida. The deals were done alongside its property joint venture partner, Red Sky Capital LLC, and comprise, in New York, 184-186 and 204-206 Bedford Avenue, […]
Cambium Global Timberland’s net asset value fell from 40p to 33p over the six months ended 31 October 2014. However since then a wind storm in Hawaii has damaged the Pahala plantation there and the fall in the Braziian Real and a weak Brazilian economy have impacted the valuation of their Brazilian assets (the bulk […]
Invista European Real Estate has published its results for the year ended 30 September 2014. The net asset value fell again, from 15p to 12p, as property values fell and sales were struck at prices below last valuations. The property valuation fell from €325.6m to €281.8m (partly the result of sales but also a 7.39% […]
Aurora Russia has announced the sale of its 24.3% stake in Superstroy for £680,000. This is quite a bit more than its valuation in Aurora Russia’s last accounts when it was valued at £280,000 but this is a company that Aurora Russia invested £16.6m into and it is supposed to be one of the leading […]
JZ Capital Partners has a history of adapting its investment focus to suit market conditions. The Board has decided to ask shareholders to approve a relaxation of the investment policy for the fund to permit it to shift assets to the regions and sectors that its managers think look most attractive. At present they say that US microcaps […]
Redefine International has announced that it has bought 56 German retail properties in a 50/50 joint venture with Redefine Properties Limited (Redefine International’s largest shareholder). The whole portfolio is valued at €157m which equates to an initial yield of 7.5%. The portfolio comes with €100m of bank debt, they expect to refinance this shortly (approximately […]
Aberforth Smaller Companies reported a 0.7% fall in its asset value on a total return basis over 2014, better than the -1.9% return generated by the Numis Smaller Companies excluding Investment Companies Index. The return to shareholders over the period was 0.1%. the final dividend was 17p, making a total of 24.75p for the year, an […]
Diverse Income Trust interim results for the six months ended 30 November 2014 show the fund generating a return on net assets of -3.2% and a return to shareholders of -1.9%. the first half dividend rose from 0.8p to 0.9p. The fund is skewed towards smaller companies relative to the FTSE All-Share Index and this accounts […]
Jupiter European Opportunities has announced interim results for the six months to the end of November 2014. The fund outperformed its benchmark, delivering a 3.4% return on NAV as compared to a 0.4% fall in the FTSE Word Europe ex UK Index. The shares moved from trading at a small premium to trading at a […]
With remarkable efficiency, VietNam Holding has just published its interim report for the six months that ended on 31 December 2014. Over the second half of 2014 the fund generated NAV growth of 7.2% to reach $2.059 and the share price rose by 15.9% to hit $1.695, a 17.7% discount to NAV. They bought […]
