Alliance Trust has published interim figures for the half year ended 30 June 2014. Alliance Trust underperformed slightly during this period – generating a total return on net assets of 0.3% and a return to shareholders of 0.4% compared to a return on the AIC Global sector of 1.6% on net assets and 3.0% on […]
Premier Energy & Water, which we recently wrote an extensive report on, has announced proposals for reorganising the company with a view to extending its life. At the moment Premier Energy & water is due to wind up in December 2015 – coincident with the maturity date of its zero dividend preference shares. The Board […]
BlackRock Throgmorton Trust has released its interim figures. These cover the six months ended 31 May 2014. Over that period the net asset value total return was 2.7% – representing a small underperformance of the fund’s benchmark (the Numis Smaller Companies excluding AIM (excluding Investment Companies) Index), which returned 4.1%. The discount widened as well […]
Kubera Cross-Border Fund has published its interim accounts for the six months ended 30 June 2014. The net asset value rose by 5% to $0.57 over the period but the share price was unchanged. No disposals have been made from the portfolio in 2014 and the manager’s commentary gives no indication as to how well the […]
F&C Managed Portfolio Trust has published its results for the year ended 31 May 2014. The income share net asset value total return was 6.0% and the growth share net asset value total return 9.3%. The FTSE All-Share Index returned 8.9% over the same period and the FTSE Equity Investments Instruments Index rose by 6.9%. The annual dividend […]
Polar Capital Global Financials released interims for the six months ended 31 May 2014. Over this period the fund generated a net asset value total return of 3.2% – ahead of the 1.6% return on the MSCI World Financials Index. The premium on Polar Capital Global Financial narrowed however and the return to shareholders was 0.6%. […]
Hammerson has published results for the first half of 2014. Its EPRA NAV rose by 6.8% over the period. The interim dividend has been increased by 6% to 8.8p. The property portfolio returned 6.9% – in line with the return on the IPD Retail Property Universe. The UK portfolio did better than the French one […]
McKay Securities has bought Gainsborough House in Windsor, an 18,660 sq ft, 1980s office building with 19 car parking spaces. The office is let to Regus on a deal that ends in December 2016. the rent is £512,834 (£27.48 per sq ft). McKay Securities paid £6.85m for the property – equivalent to a yield of 7.1%. […]
Herald Investment Trust has announced its interim results for the first half of 2014. Over the period the net asset value fell, total return -0.3%, this represents an outperformance of the Numis Smaller Companies plus AIM ex Investment Companies and the Russell 2000 Small cap. Technology indices, both of which fell by 1.8%. The manager’s comments […]
Assura Group has bought Park Medical Services Limited for £12.3m. The company they have acquired owns a 3,300 sq m building in Middlesbrough, “The One Life Building”, which contains a GP practice, a pharmacy, a day case operating theatre, community services, mammography and x-ray services along with other outpatient services. The rent on the property is […]
