HICL has invested in two new investments – Holdfast Training Services (a 30 year concession to design, build, refurbish and maintain 32 buildings, 21 refurbishments and five training areas across the UK for the Royal School of Military Engineering) and the Sheffield BSF Schools Project (a 27 year PFI deal to build, finance, maintain and […]
VNH has announced interim results covering the six month period ended 31 December 2013. During this period the benchmark index, the VNI, rose by 5.4% in US dollar terms, by contrast, VNI’s net asset value rose by 13.2%. VNH’s discount widened however, its share price rose by just 3.4% .
BlackRock Commodities Income’s full year results for the 12 months to the end of November 2013 reflect a difficult period for investors in commodity related assets but were well ahead of its benchmark. The net asset value total return was a decline of 5.9%. the share price return was negative 6.0%. By contrast the Euromoney Global Mining […]
DREF has announced today that the master fund has realised three of its mezzanine loan investments (numbered one, three and eight – DREF does not report who it lends money to but these borrowers were against a retail property in Denmark, against eight hotels in Germany and against an office and light industrial park in France). […]
Jupiter European has released results for the half year to 30 November 2013. Over the period the fund lagged the return on the FTSE World Europe ex UK index – the NAV returned 3.6% while the index returned 6.8%. The Board say relative performance has improved since the end of the period and now for […]
Midas Income & Growth has announced that Miton Capital Partners, the fund’s manager, has been sold by Miton Group : MGR to Seneca Investment Managers Limited, part of Seneca Partners Group, based in Liverpool. The fund will continue to be managed by Alan Borrows, assisted by Simon Callow. The Board is happy that Seneca will be […]
DCG Iris, a fund investing in insurance-linked contracts, has today released its interim results for the six months ended 30 November 2013. On 30 November IRIS’s NAV was 99.46p, slightly below the level at close of business on 31 May 2013 when the NAV was 99.79p. Including income however the total return for the period […]
IIT has announced its final results for the 12 months ended 30 November 2013. Over the year Independent’s net asset value total return (including income) was 20.2%. By comparison the FTSE All-Share Index returned 19.8% and the FTSE World Index 22.5% over the same period. IIT’s discount narrowed during the year, boosting the return to shareholders to […]
New River Retail has raised £85m of extra capital in a placing. 32m new shares were issued at 265 pence per share. The new shares will start trading on 21 February 2014. NRR is a real estate investment trust (REIT) specialising in retail property. It describes itself as one of the UK’s largest value-creating owners and […]
Redefine has sold St. Anne’s House, Croydon (an empty 75,000 sq ft 1960’s office building with planning permission to convert into a 144 bedroom hotel and 46 residential units) for £8.4m – that is £3.4m than the value Redefine ascribed to it in its valuation at the end of August 2013.
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