McKay Securities dividend up 11% – McKay Securities results for the year ended 31 March 2018 show: Financial Highlights Adjusted profit before tax up 5.4% to GBP9.07 million (31 March 2017: GBP8.60 million) Adjusted basic earnings per share of 9.7 pence (31 March 2017: 9.2 pence) Gross rental income up 5.1% to a historic high […]
NewRiver responds to press speculation – NewRiver REIT has released a statement this morning: “NewRiver notes press comment regarding the potential acquisition of Hawthorn Leisure Holdings Limited (“Hawthorn”). NewRiver confirms that it has entered a period of exclusivity with Hawthorn and its major shareholder regarding a potential acquisition of the business. A transaction, if completed, […]
LXi REIT sets new 5.5p dividend target – LXi REIT has published its first set of accounts – covering the period from its launch on 21 December 2016 to 31 March 2018. The EPRA NAV per share increased by 9.87% to 107.67 pence (at the IPO in February 2017 it was 98.00 pence). Other highlights were: Raised total gross […]
New twist as Vietnam Holding manager resigns – a couple of days ago Vietnam Holding announced that it was serving notice on its manager as a way of triggering a review of the fee arrangements for its services. The announcement said though that the plan was to retain the services of the portfolio management team led by […]
Greencoat UK Wind announces the result of its capital raise – Greencoat UK Wind (UKW) has announced that it has raised its target of £118.8m from a capital raise announced on 8th May 2018. The proceeds of the raising, which was oversubscribed, will be used to complete the purchase of the company’s further shareholding in Clyde […]
In what its chief executive, Chris Griggs, describes as “another good year for British Land”, the company says that financial performance has been robust following significant asset sales and that it has made further strategic and operational progress, while leasing activity has been strong across the business. During the year, the completed over £1 billion […]
VietNam Holding announces significant changes – VietNam Holding (VNH) has announced that it is changing its investment agreement with its existing investment manager and will increase its size by acquiring the assets of another Vietnamese listed equity fund. The company has also intends that it is to seek shareholder approval to maintain its share buy-back programme. Investment […]
Residential Secure Income REIT acquires 277 property portfolio – Residential Secure Income REIT (RESI) is invested in residential asset classes that comprise the stock of UK social housing providers (mainly Housing Associations and Local Authorities) in order to provide secure, long-dated, inflation-linked income returns with the potential for capital growth and with low sensitivity to residential house […]
Change in investment management team at JPMorgan Global Convertibles Income – Robin Dunmall, one of JPMorgan Global Convertibles Income‘s portfolio managers, has decided to leave JPMorgan Asset Management to pursue other opportunities. The company’s portfolio will continue to be managed by the existing investment management team, which is led by Natalia Bucci and includes Paul Levene. […]
Proposed changes at Artemis Alpha – In the run-up to the continuation resolution due to be proposed at the company’s AGM to be held in October 2018, the board of Artemis Alpha Trust (ATS) had undertaken a strategic review. From the review, a number of proposals have been made, some of which will be voted upon […]
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