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.
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. […]
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 […]
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 […]
Primary Health Properties is funding the development of a new health centre in Chester to the tune of £18.5m. Completion expected by the end of 2014.
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