EUT : European Inv Trust takes defensive stance European Investment Trust beat its benchmark, the FTSE World Europe ex UK Index, by 1.1% in total return terms over the year that ended on 30 September 2014, producing a return on net assets of 6.4%. Furthermore the discount narrowed from 10.9% to 6.5% and so the […]
IVI : Invesco Income Growth just fails to match benchmark Invesco Income Growth lagged the FTSE All-Share Index a little over the six months ended 30 September 2014, producing a total return on net assets of 0.7% and return to shareholders of 0.5% against a 1.6% return for the Index. The quarterly dividends were increased […]
SRE : Transformative deal for Sirius Real Estate Sirius Real Estate has announced that it is raising €40m through a private placing, getting a secondary listing on the Johannesburg Stock Exchange and acquiring a €76m mixed use German property portfolio. Sirius has placed 105,263,158 new ordinary shares at a price of 38 cents per ordinary share to […]
JETG / JETI : Mixed fortunes for the two JPMorgan European pools JPMorgan European Investment trust interim results announcement covering the six months that finished on 30 September 2014 has been published. For the growth portfolio (JETG) there was a negative return on net assets of 4.5% – an underperformance of its benchmark, the MSCI Europe ex […]
SREI : Schroder Real Estate acquisition in Milton Keynes Schroder Real Estate has announced that it has bought Heathfield Industrial Estate in Milton Keynes for £5.1m. The purchase price is equivalent to an initial yield of 7.7%. The full reversionary yield (assuming all units were let out at market rents) is 8.8%. Heathfield sits next […]
ELTA : A good year for Electra Electra Private Equity, chaired by Roger Yates (pictured) has had an eventful but nonetheless successful year. An approach by Sherborne Investors, which was ultimately defeated at an EGM at the beginning of October, may have been a distraction but, despite this, Electra has provided a return of 15% on its diluted NAV […]
VNF : PXP Vietnam does well in its final year PXP Vietnam has published its accounts for the year ended 30 September 2014, Over the period the fund’s net asset value rose by 25.9% while, by comparison, the VNI (the Vietnam Index) rose by 21.0%. Shareholders did even better as the discount narrowed, leading to a 42.7% […]
FCI : F&C Capital & Income increases div for 21st year running F&C Capital & Income, managed by Julian Cane (pictured), has announced its full year results for the year ended 30 September 2014. Over that period it generated a net asset value total return of 3.8% and a 6% return to shareholders. By contrast the […]
GWI : Globalworth expands Bucharest office portfolio Globalworth has bought Green Court, which they describe as “a newly built A-class office property development, strategically located in Bucharest’s new central business district”. The building is close to Globalworth’s existing Bucharest One development. They bought the building from Skanska who are constructing a group of three offices […]
ESP : Empiric buys in Hatfield Empiric Student Property has exchanged contracts to acquire a 199 year lease on a direct-let, premium student accommodation property in Hatfield, Hertfordshire, for a consideration of £9.4m. The deal should complete on or about 17 December 2014. The property, Curzon Point, is an operating, purpose-built student accommodation property on The Common in […]
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