Raven Russia’s net asset value rose by 1 cent over 2013 to 126 cents. It raised its dividend by a third though. Bank debt at the year end of $815m is offset by cash of $229m. They reckon they can add 50,000 to 100,000 sqm per annum to their existing portfolio of 1.4m sqm of […]
Bilfinger Berger Infrastructure has acquired a 50% interest in the Northern Territories Secure facility – a 1,000 bed correctional facility in Holtze near Darwin, Australia. The facility will be operational in Q2 2014 and the concession lasts for thirty years.
Hg Capital’s share price returned 1.4% over 2013. At the end of December 2013 Hg Capital’s net asset value was £11.80 – having delivered a total return for 2013 of -1.6%. Part of the problem was the drag from Hg’s high cash balances. They made five new investments but money has been flowing back from disposals […]
Crystal Amber, managed by Richard Bernstein (pictured), hold 10% of Leaf Clean Energy Company : LEAF and has decided to requisition an Extraordinary General Meeting to change LEAF’s Board and its investment strategy. Crystal Amber say LEAF has three problems: visibility of the underlying values of Leaf’s investments (LEAF uses a DCF method to value its investment even though most of them […]
Over the year ended 31 December 2013 Alliance Trust generated a total net asset value return of 18.4%. The total return to shareholders was 22.7% as the discount narrowed. Their equity portfolio outperformed the MSCI All Country World Index and Alliance Trust Savings made a profit for the first time in eight years as assets […]
RCM Technology’s figures, covering the year ended 30 November 2013, show the fund beating its benchmark by some margin. The total net asset value return for RTT was 47.2% over the year vs. 20.5% for the Dow Jones World Technology Index. On the back of this strong performance, the managers, led by Walter Price (pictured) have […]
Over the year ended 31 December 2013 RIT Capital Partners generated a total return on net assets of 18.6%. Its discount widened a little and so the return to shareholders was 14.0%. By contrast the return on the MSCI All Country World Index (after some fiddling around with currencies – they use 50% translated back […]
Over the course of 2013 JP Morgan Claverhouse generated a total net asset value return of 33.8% – well ahead of the return on the FTSE All-Share Index of 20.8%. The dividend was increased by 3.4% and, for the first time in five years, is now covered by revenue – an important leap forward for […]
Mithras posted a 12% increase in net assets over 2013 and its share price did even better, rising by 22%. £13m was returned to shareholders via two tender offers as the fund continued its strategy of winding down its portfolio. Amongst the cash flowing back to the company during the year were proceeds of exits […]
GCP Infrastructure is investing c£5m via an issue of notes from GCP Rooftop Solar 4 Ltd which will use the money to finance a portfolio of domestic rooftop solar panel installations in England. The notes are for a 20 year term and yield 9.3%.
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