Investment Company News

23 Jun 2014

Custodian REIT : CREI – acquisition

Custodian REIT is buying a 37,000 sq ft parcel distribution warehouse located on 3.26 acres of the Bermuda Park estate in Nuneaton. the purchase price is £2.95m and this equates to an initial yield of 7.75%. The tenant is DX Network services.

23 Jun 2014

Jupiter Green Investment Trust : JGC – annual results

Jupiter Green Investment Trust has published its results for the year that ended 31 March 2014. Over that period the fund outperformed the MSCI World Small cap. Index – the net asset value was up 16.5% compared to a 10.7% rise in the index. Shareholders also benefited from a narrowing of the fund’s discount (the […]

23 Jun 2014

RENN Universal Growth : RUG – annual report

RENN Universal Growth has published its annual accounts covering the year to the end of March 2014. Over the period the net asset value rose in US dollar terms but fell as Sterling strengthened against the dollar (up 2.1% in US dollars and down 7% in pounds). The Board directors decided to prepare the accounts on a […]

23 Jun 2014

The Renewables Infrastructure Group : TRIG – new wind farms

The Renewables Infrastructure Group is spending £19m buying two wind farms to add to its portfolio. Tallentire – a 12MW plant near Cockermouth in Cumbria has been operating since May 2013 and has a projected 25 year life. Meikle Carewe (pictured), near Aberdeen, has a capacity of 10.2MW, has the same operating life and has […]

20 Jun 2014

Alpha Real Trust : ARTL – annual results

Alpha Real Trust has released its results for the year ended 31 March 2014. Over the year its net asset value barely moved – falling from 107.6p to 107.0p. It declared dividends of 2.1p for the period and intends to move to quarterly dividends this year. Alpha real trust made a mezzanine loan to Alpha UK […]

20 Jun 2014

Custodian REIT : CREI – acquisition

Custodian REIT is buying a warehouse near Glasgow for £1.8m. The 38,164 sq ft warehouse in Hamilton International Park was built in 1998 and is let to Ichor Systems until 2024 at a rent equivalent to an initial yield of 9.0%.

20 Jun 2014

Advance Developing Markets : ADMF – interims

Advance Developing Markets has released its interim figures covering the six months ended 30 April 2014. The net asset value return marginally outperformed the benchmark (the MSCI Emerging Markets) falling by 7.7% vs. a 7.8% fall in the index. the fund’s discount widened however to leave shareholders with a return of -10.6%. Overweighting Russia detracted […]

20 Jun 2014

Metro Baltic Horizons : MET – annual results

Metro Baltic Horizons has published its accounts for the year that ended 31 December 2013, back then its net asset value was €0.21 . It sold its last property in April 2013 but in 2014 it got €3.6m in settlements from its previous auditor and members of its previous board Before that, in July this year, Metro […]

20 Jun 2014

Origo Partners : OPP – dispute with Brooks Macdonald

Origo Partners has responded to a press release put out this morning by Brooks Macdonald (one of its largest investors). The two are already in dispute about Origo’s convertible zero dividend preference shares (CZDPs – NB you won’t find these on our zeros sheet as they are a more complex beast than most zero issues). […]

20 Jun 2014

Globalworth Real Estate Investments : GWI – acquisition

Globalworth Real Estate Investments has been buying land plots intended for office and retail development – spending €14.3m. Altogether they have bought about 30,000 sq m of land located next to their existing investments in the BOB/BOC office and Upground residential properties (on top of the Pipera metro station at the corner of Dimitrie Pompeiu Boulevard and George Constantinescu Street in […]

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