PCTN : Good first half for Picton Picton Property Income’s net asset value rose from 56p to 62p over the six months that finished on 30 September 2014, aided by an uplift in the value of the property portfolio of 6.8%. They are maintaining the interim dividend at 1.5p. This translate into a return on net […]
MCKS : McKay Securities busy investing cash raised in February McKay Securities has published its interim report which covers the six months that ended on 30 September 2014. Over that period McKay’s EPRA net asset value rose by 5.7%, driven by a 4.8% return on its property portfolio. McKay is maintaining its interim dividend at […]
AJIT : Early success for Aberdeen Japan Aberdeen Japan has beaten its new benchmark index by some margin since it adopted its new mandate in October 2013. Over that period its net asset value rose by 17.6% vs. a 3.5% increase in the TOPIX Index. Over the six months that ended on 30 September 2014 […]
SHRS : Dollar weakness food price competition restraining Shires Income Over the six months that ended on 30 September 2014 Shires Income generated a 1.6% return on net assets – just ahead of the 1.2% return on the FTSE All-Share Index. It moved from trading at a 1.6% premium to a 1.8% discount however and […]
OPP : Brooks MacDonald requisitions Origo meeting On Friday Brooks MacDonald’s spat with Origo reached a new high as it requisitioned a meeting of Origo’s shareholders at which it will propose that all of Origo’s directors, with the exception of Chris Rynning (the Chief Executive), are removed and Brett Miller and Rhys Davies appointed instead […]
NSA : Nimrod Sea Assets adds two platform supply vessels Nimrod Sea Assets is spending $24.4m on a 75% stake in two new platform supply vessels (PSVs), $12.75m now and the balance next April when the second of the two boats is complete. They will be chartered and operated by Fletcher Shipping ( designation: FS Cygnus, […]
QIL : Qannas investing in new financial services company Qannas Investments is spending $20.4m to acquire up to 50% of a new financial services company, Integrated Financial Group. Integrated Financial Group is being set up to acquire First Gulf Financial Services LLC (in the course of being renamed Integrated Securities), which is in the business […]
TRIG : Renewables Infrastructure buys Kirkcaldy wind farm The Renewables Infrastructure Group is paying £32m to acquire a 16MW wind farm at Kirkcaldy, Fife, Scotland. The Earlseat wind farm has eight Vestas V90 2.0 MW wind turbines and was grid-connected in June 2014. The farm is subsidised to the tune of 0.9 ROCs per MWh and […]
SREI : Schroder Real Estate may become a REIT Schroder Real Estate has published its interims figures for the six months ended on 30 September 2014. Over that period the net asset value rose by 13.4% to 55.1p on the back of a 12.7% increase in the value of the property portfolio (by contrast the […]
HVTR : Boardroom row at Henderson Value Trust The Chairman of Henderson Value Trust has resigned and given an interview to a Sunday Telegraph journalist following a row in the Board room about whether to publish the results of a report detailing the illiquidity of some of the funds holding (as it approaches the date […]
