RSE : Riverstone Energy commits to Castex Gulf of Mexico fund Riverstone Energy is committing $67m towards a $200m investment in Castex Energy 2014 – a fund that will be managed by Castex Energy Inc, based in Louisiana. Castex Energy 2014 will provide finance to support Castex’s efforts “to test and develop Castex’s current and future […]
JSS : Jupiter Second Split rollover proposals published Jupiter Second Split Trust is coming to the end of its life. The Board, chaired by Lord Lamont (pictured), have published proposals today that, if approved by shareholders, will allow for a rollover into Jupiter Strategic Reserve Fund – an open-ended fund managed by Miles Geldard, Jupiter Second […]
WKOF : Weiss Korea considering share buy-back in closed periods Weiss Korea Opportunity Fund has published its interim figures covering the first six months of 2014. Over that time its net asset value increased from 106.98p to 131.83p and since then the NAV has appreciated further to 147.65p on 4 September. They also paid their […]
ESP : Empiric expands into Aberdeen Empiric Student Property is expanding its portfolio with the acquisition of a 56 bed student accommodation property in Aberdeen. They are paying Scape Homes £6.5m for Centro Court, a purpose built block on Loch Street which has 56 studio apartments, bike storage facilities, communal entertainment and laundry areas.
MKLW : Mucklow results benefit from demand for Midlands property Mucklow (A&J) Group’s results for the year that ended on 30 June 2014 show that its EPRA NAV rose from 305p to 358p over the year – an increase of 17.3%. the dividend was increased from 19.64p to 20.23p. Gearing fell from 41% to 30% […]
IVPU IVPG : Invesco Perpetual Select Trust cuts fees The Board of Invesco Perpetual UK Select Trust, chaired by Patrick Gifford (pictured), has announced amendments to its management agreement with Invesco. The annual management fees on the UK Equity and Global portfolios are falling from 0.75% to 0.65% per annum. Also the maximum performance fee payable in […]
SPDI : Secure Property Development adds to its Romanian exposure Secure Property Development & Investment has announced that it is buying a 12,700 sqm residential portfolio in Bucharest, Romania. The portfolio contains 122 apartments split across four separate complexes in Bucharest. 87 of the 122 apartments are let and these produce net operating income of […]
MCKS : McKay Securities buys offices in Theale Berkshire McKay Securities is spending £8.5m buying three offices outside Theale station (south of Reading, near junction 12 of the M4). The offices, known as Station Plaza, cover 41,846 sq ft and come with 170 car parking spaces. The price paid equates to an initial yield of […]
OCL : Oakley Capital set to benefit from Daisy bid Oakley Capital Investments saw its net asset value fall to £1.91 from £2 over the first six months of 2014. They attribute most of the decline to a fall in the value of Daisy Group – a listed investment held in Oakley’s Fund I – […]
SLS : Standard Life UK Smallers hit by rate rise fears Standard Life UK Smaller Companies has published results for the year ended 30 June 2014 that show it underperforming its benchmark by some margin. Over the year the net asset value total return was 7.7% vs. 20.3% for the Numis Smaller Companies ex Investment […]
