HICL Infrastructure has released its results for the year ended 31 March 2014. The net asset value rose from 116.4p to 123.1p over the period and this, coupled with a dividend of 7.1p meant the total return on net assets was 11.9%. In the current year HICL Infrastructure is switching to paying quarterly dividends and […]
Real Estate Investors has bought three properties – City Gate House in Leicester (cost £1.8m, initial yield 8.75% – let to government), a building let to WH Smiths in High Street, Bromsgrove, Worcestershire (cost £500,000, initial yield 10.4%) and a 6 acre site earmarked for residential development – the former Sandwell College campus in Smethwick, Sandwell […]
European Investment Trust has published figures for the half year ended 31 March 2014 that show the net asset value total return for the period was 13.9% – some way ahead of the FTSE All-World Europe ex UK Index which returned 7.7%. the discount narrowed from 10.9% to 9.7% so the share price did even […]
Eastern European Property has released figures to the end of December 2013. These are quite out of date now but they show the net asset value was just about static – rising slightly from 105.03p to 105.19p. The discount widened however as the share price fell to 70.75p from 87.5p. Over 2013 they sold £2.5m […]
Over the year to end March 2014, Great Portland Estates saw its EPRA NAV rise by 27.6% to 569p. Properties were revalued upwards by 18.7% – the bulk of this return came from the profit generated by their developments (95 Wigmore Street, City Tower EC2 and 240 Blackfriars Road were all completed during the year). […]
Lowland has released its results for the half year ended 31 March 2014. Over that period the total return on the net asset value was 7.3% and the total return to shareholders was 7.5%. The quarterly dividend has been upped to 9p per quarter from 8.5p. The report says that some money from strongly performing […]
CQS Rig has been told by its largest shareholders, CQS (UK) LLP, CQS Asset Management Limited and CQS Cayman LP, that they would support a voluntary liquidation of the company. Together they hold 65.5% of the shares and a liquidation resolution would require 75% of those voting to vote in favour so it seems likely […]
Big Yellow has released its results for the year ended 31 March 2014. The net asset value grew from 419.2p to 446.5p (7% uplift). The dividend was raised by a significant margin – from 11.0p to 16.4p, an uplift of 49%. Occupancy rose to 69.8% from 64.8% and average rents rose by 6%. Gearing fell […]
GLI Finance has announced that it will sell its remaining two CLO investments to Fair Oaks Income Fund (a new fund that intends to seek admission to trading on the Specialist Funds Market). The valuation that the two parties have agreed for these assets is $55m. GLI Finance will get a mixture of cash and […]
Standard Life Equity Income, managed by Thomas Moore (pictured), has released its interim results covering the six months ended 31 March 2014. The fund did well over that period as the net asset value total return of 11.1% was well ahead of the 4.8% return on the benchmark, the FTSE All Share Index. The return to […]
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