Over 2013 Scottish American Investment Trusts total return on its share price was 18% and, on the NAV, 17% ; lagging the return on the fund’s benchmark by 4%. They say the main reason for the company’s underperformance was its exposure to emerging markets investments. SCAM is increasing its dividend by 4.1% to 10.2p for the year. […]
Duet Real Estate Finance is paying a 2.25p dividend for the final quarter of 2013 (shareholders get paid on 14 March). They are also announcing that their NAV at the end of 2013 was 93.5p. this has been impacted by a provision made against one of their loans (“loan 5” – they don’t tell us […]
Over 2013 SVG Capital’s NAV rose by 31.5%, well ahead of the return on the MSCI world Index of 20.3%. They gave £151.1m back to shareholders and plan to return another £217m )including a tender offer of at least £50m planned for May 2014). They repaid £150m of debt and ended the year with net […]
GCP Student Living has published figures that cover the period from incorporation on 26 February 2013 to the end of December 2013. The NAV at the end of the year was 99.06p, the EPRA NAV (excluding the effect of derivatives transactions was 100.29p) – that’s up from the opening NAV of 97.4p as they recorded […]
CQS Diversified is holding continuation votes for each class of shares on 4 March 2014. The votes have been triggered by the US dollar shares trading at an average discount of 6.29% over a 12 month period to 4 November 2013 and the Sterling class trading at an average discount of 7.17% over the same period. […]
3i Infrastructure has announced that Cressida Hogg is leaving 3i at the end of march “to pursue a senior role outside the group”. Phil White and Ben Loomes will be appointed co-managing partners of the infrastructure business and Neil King will become a Senior Partner.
Temple Bar has released its results for 2013. Over the year the total return on NAV was 31.4%, well ahead of the total return on the FTSE Al-Share Index of 20.8% – a good result for the company’s manager, Alastair Mundy. TMPL has also increased its dividend by 3% despite a fall in distributable income […]
Globalworth Real Estate has released its first set of annual results covering the period from incorporation (on 14 February 2013) to 31 December 2013. The shares were admitted to trading on AIM in July 2013. At the end of the year GWI’s portfolio was worth €121.3m and this was financed by €20.5m of debt = an LTV […]
Town Centre Securities figures for the second half of 2013 show an increase in NAV from 267p to 283p (the triple net asset value rose to 301p from 285p). Occupancy was maintained at 98%. The interim dividend was maintained at 3.1p. Borrowings fell slightly to £158m. TCSC reported progress on lettings at its Merrion Way […]
Ludgate Environmental has released its interim results for the six months to the end of December 2013. Over the period Ludgate’s NAV fell from 82.7p to 70.7p. 5p of the fall is accounted for by a special dividend of 5p paid in December. Much of the rest of the fall, as reported on 17 January, […]
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