Alliance Trust has disclosed that activist group Elliott Capital have a 10% interest in the company comprising a 5% holding in Alliance Trust’s shares and a 5% interest held through contracts for difference. QD comment: The question must be, what is Elliott after? Alliance Trust’s shares are currently trading on a 11.4% discount, having moved […]
The Renewables Infrastructure Group has released its first set of results covering the period from 29 July to 31 December 2013. The £310m it raised was spent on acquiring 20 wind and solar projects. The net asset value return for the period was 3.5%. Distributions have been in line with projections and the Board says it […]
Over 2013 SEGRO’s EPRA NAV rose by 6.1% to 312p, helped by a 4.1% like for like increase in their property valuations, but the EPRA earnings per share fell by 8.3% to 17.7p. SEGRO sold almost £600m of property during the year at a price, on average, 4.7% higher than their value at end of 2012. […]
New City High Yield’s net asset value total return for the second half of 2013 was +4.4%. The shares to trading on a premium over 5% so the return to shareholders was 8.6%.
Herald Investment Trust has released its results for 2013. Over the year Herald’s net asset value rose by 26.9% but the share price did even better, rising by 33.5% as HRI’s discount contracted from 18.9% to 14.7%. By comparison the Numis Smaller Companies Index plus AIM ex investment companies rose by 27.7% and the Russell […]
Over 2013 BlackRock Latin American ‘s net asset value fell by 13.1% on a total return basis. the share price did slightly better, falling by 12.2%. The net asset value return was more or less identical to the return on the benchmark.
Genesis Emerging Markets marginally underperformed the MSCI Emerging Markets Index over the second half of 2013 as its net asset value fell by 1.4% against a fall of 1.2% for the index. Its discount narrowed however and shareholders saw the a share price return of 1%. The manager highlights currency weakness as a particular problem […]
JP Morgan Emerging Markets underperformed its benchmark over the six months ended 31 December 2013 with the net asset value posting a total return of -5.7% (-5.3% adjusting for the dilutive effect of the subscription shares) vs. a fall in the MSCI Emerging Markets Index of 1.4%. The discount narrowed a little and so the return to […]
CVC Credit Partners European Opps has released its first set of results covering the period from its inception to 31 December 2013. CCPG’s net asset value return was 3.2% on the euro shares and 3.3% on the sterling shares.
Brunner’s final results for the year ended 30 November were released late on Friday 21st. Over the year Brunner’s net asset value rose by 23.2%. 4.% of that return came from the effect of marking its debt to fair value (as the maturity date of its very expensive date draws nearer). The benchmark return was […]
