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 […]
Ludgate Environmental’s interim results, covering the second half of 2014, show the net asset value falling from 70.7p to 59p. The company is now focused on realising its portfolio over the next couple of years, with the aim of winding up by 30 June 2018. The report says they reorganised their interest in shares of Rapid […]
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 […]
The Board of Pacific Assets Trust has announced that, with effect from 1 February 2015, the management fee will be changed to 0.9% of net assets and there will no longer be a performance fee. Previously the fee was 0.75% plus a 12.5% performance fee of 12.5% on outperformance of MSCI All Country Asia ex Japan Index plus a hurdle of 1.75% over a […]
JPMorgan Russian announced its results for the period that ended on 31 October 2014 on 27 January. Unsurprisingly, given the political and economic backdrop, it wasn’t a great year for Russian equities, the MSCI Russian 10/40 Equity Indices Index, fell 21.0% over the year. However the return to shareholders and the net asset value total […]
Aberforth Geared Income’s interims for the six months ended 31 December show a fall in total assets of 1% over the period which translated (adjusting for the gearing effect of the company’s zero dividend preference shares) into a fall in the ordinary share NAV of 3% – the share price came off 2.3%. By comparison, […]
Henderson Smaller Companies published its interim report yesterday. This covers the six month period that ended on 30 November 2014, a period that saw the Numis Smaller Companies ex Investment Companies Index fall by 4.6% in total return terms. Henderson Smaller Companies did well then to manage a fall of 1.2% in NAV total return and […]
LXB Retail Properties has given more information about one of the disposals it highlighted in its announcement on 18 December. It is selling land earmarked for residential development and a Sainsbury’s foodstore in Sutton for £47.8m and expects to get the first £23m of this in cash by May 2015. The Sutton investments comprise a […]
Alpha Real Trust has been awarded the equivalent of £9.2m by the International Chamber of Commerce in its dispute with its joint venture partner, Logix Group, over Galaxia – the development that they were supposed to be working on together in an 11.2 acre Special Economic Zone, in NOIDA, the National Capital Region, India. The […]
The Board of JPMorgan Chinese Trust have negotiated a reduction in the fees that JPMorgan charges the fund. the base management fee will be 1% of the Company’s total assets less current liabilities and the performance fee is being scrapped. Tese changes take effect at the end of September 2015 so JPMorgan can still earn […]
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