Positive stock selection delivers outperformance for Allianz Technology – Allianz Technology Trust (ATT) announced that for the year to 30 November 2017, the company’s Net Asset Value (NAV) per share increased by 41.0%. The benchmark index, the Dow Jones World Technology (sterling adjusted, total return), increased by 31.5% over the same period, creating an outperformance for the portfolio of […]
Civitas Social Housing comments on First Priority Housing Association – Civitas Social Housing leases 45 properties to First Priority Housing Association. Regulator’s report The Regulator of Social Housing released a report last week that said: First Priority Housing Association Limited (4702) is a small Registered Provider of homes for a vulnerable client group, primarily adults […]
Oakley Capital sells Parship and Verivox – Oakley Capital Investments says that Oakley Capital Private Equity II has reached an agreement to sell its 38.5% stake in PARSHIP ELITE Group and 9.9% stake in Verivox to NuCom Group, ProSiebenSat.1’s Commerce unit. The agreement is subject to approval by the responsible antitrust authorities. Oakley Capital Investments will […]
UK TMT proves a positive hunting ground for Herald Investment Trust – The Herald Investment Trust (HRI), which invests in smaller Technology, Media and Telecommunications (TMT) companies has delivered its Annual Financial Report to year ending 31st December 2017. The NAV of the Company increased by 26.9% during the year and the share price increased […]
WPCT sees small decline in Jan NAV but greater share price fall Struggling Neil Woodford-managed Woodford Patient Capital Trust (WPCT) reported a small, ~0.6% decline in NAV in January, but has since seen a larger 11% decline in share price this month as investors have become increasingly concerned about its poor long-term performance and outlook. The decline […]
FSFL chasing the Sun to the Southern Hemisphere – Solar power plant operator Foresight Solar (FSFL) has released its full year’s results to 31st December 2017. The company’s foray into the Australian market, where there are four plants under construction represents their first international acquisitions. Further developments outside the UK are expected. In the report, the […]
NewRiver REIT acquires two retail parks for £26 million – NewRiver REIT (NRR) has announced that it has completed the acquisition of two retail parks for a combined consideration of £26.5 million. The company reports that this represents an initial yield of 8.9% and a capital value of £141 per sq ft. The retail parks are in Dewsbury, West […]
Flat 2017 for Intu despite Brexit worries – Intu has announced results for the year ended 31 December 2017. Highlights were NAV (adjusted and diluted) rising from 404p to 411p as the market value of their investment properties rose from £9,985m to £10,529m. Net rental income was up to £460m from £447m but underlying earnings per share were flat […]
John Laing Environmental Assets announces £30m bookbuild – Further to the announcement on 12 February 2018 of its intention to undertake a share issuance programme, JLEN has further announced that they will be targeting the raising of £30m via a bookbuild. This is to be used to repay amounts drawn under the revolving credit facility in order to finance […]
JPMorgan’s Multi-Asset Trust launch gets £81m rollover – The launch of JPMorgan Multi-Asset Trust (MATE) received a boost today with the news that approximately half of the shareholders of JPMorgan Income & Capital Trust (JPI) have voted to roll over into MATE. JPI is a split capital fund that has reached the end of its fixed term. The roll […]
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