LTI : Lindsell Train insures their key men Over the six months to the end of September 2014 the total return on Lindsell Train’s net asset value was 8.7% – a lot better than its benchmark (the index of the annual average yield on the UK 2.5% Consolidated Loan Stock) which returned 2.1% and better […]
PNL : No change at Personal Assets Personal Asset’s net asset value rose by 1.6% over the six months that ended on 31 October 2014 while the FTSE All-Share Index fell by 3.2% over the same period. The shares moved from trading at a small discount to a small premium and the share price rose […]
HVTR : Henderson Value Trust continuation vote looms At this year’s AGM shareholders of Henderson Value Trust will be asked to approve the continuation of the company in its current form. The company’s year end results make disappointing reading for shareholders but the Board is adamant that things are on an improving trend and the […]
HAN / HANA : Hansa Trust says portfolio changes almost complete Hansa Trust has published figures for the half year to end September 2014 that show its net asset value total return was 1.0% – marginally behind the 1.6% return on its benchmark. Breaking down that total return figure, the capital value of the fund […]
BSIF : Bluefield Solar expanding plant in Norfolk Bluefield Solar is paying for an extension of its existing project at Hardingham in Norfolk. The existing plant has a 14.8MW peak capacity, this extension will expand that by 5.2MW. The new asset will attract a 1.4 ROC subsidy they think. The cost of the project is […]
GCP : GCP raises cash and invests in Biomass plant GCP Infrastructure has simultaneously announced that it has raised £70m from investors and that it is investing £20m into GCP Biomass 4 Limited. They have placed 63.6m shares at 111.75p, raising gross proceeds of £70m. The announcement says the placing was “significantly oversubscribed”. GCP Biomass […]
PLI : Perpetual Income & Growth beats benchmark Over the six months to the end of September Perpetual Income & Growth generated a 2.2% return on net assets. There was a small widening of the discount so the share price return was 1.6%. By contrast the return on the company’s benchmark was 1.2%. The dividend was […]
TEM : Good stock selection helps Templeton outperform Templeton Emerging Markets interim figures for the six months ended 30 September came in ahead of its benchmark. The fund delivered a net asset value total return of 8.2% while the MSCI Emerging markets Index returned 6.1%. Shareholders did even better as the discount narrowed so that the share […]
NRR : Good progress at New River Retail New River Retail’s EPRA net asset value rose by 14% over the six months to the end of September 2014. Earnings per share rose from 6.5p to 6.8p and they upped the dividend to 8.5p from 6p (they have also started paying quarterly dividends). Occupancy across the […]
JLEN : Everything on track at John Laing Environmental John Laing Environmental Assets has published its first set of figures since it listed in March, covering the period up to the end of September 2014. They raised £160m and invested all of that into seven environmental infrastructure assets on nine sites. The initial net asset […]
