Good news for SQN as Suniva wins trade case – SQN Asset Finance Income Fund Limited has published an update on its announcement on 19 April 2017 with regard to SQN’s holding in Suniva Inc., the U.S. based solar cell and module manufacturer. In August 2015, SQN entered into a 5-year financing arrangement with Suniva that was […]
Significant progress for Adamas Finance Asia – Adamas Finance Asia has reported interim results for the six months ended 30 June 2017. Highlights: Net loss of US$1.03 million (H1 2016: US$454,000 Unrealised fair value gain on asset portfolio of US$337,000 (H1 2016: US$280,000) Consolidated loss per share of US$0.54 (H1 2016: US$0.24) Consolidated NAV at […]
Impact Healthcare REIT on track – Impact Healthcare REIT, which has just published some figures covering the period from launch to end June 2017. They raised £160m from investors in March 2017 and started trading on 7 March 2017. The chairman says that, at the period end, they had invested the majority of the net […]
CatCo updates on Hurricane Harvey Update 21 September 2017 The manager has published an NAV for 31 August 2017 of $1.2507. This includes a 6% reduction for the potential effect of Hurricane Harvey. Nothing has yet been accrued for Irma or Maria. The impact of Hurricane Irma will be assessed when setting the 30 September […]
Jupiter UK Growth is growing – Jupiter UK Growth, which was recently selected as a rollover vehicle for Jupiter Dividend & Growth, has published results for the year ended 30 June 2017, the first full year since Steve Davies took on the job of managing the company. The net asset value, with dividends added back, grew by […]
Sanditon results disappointing – Sanditon Investment Trust’s annual report for the year ended 30 June 2017 says it was a disappointing year for the company with the NAV falling to 100.5p, down 4.6% from last year’s 105.3p. They say that. combined with the dividend paid in December 2016 of 1.1p, this resulted in a loss of 3.6% […]
UK Mortgages cuts management fee – The board of UK Mortgages Limited has reached agreement with TwentyFour Asset Management LLP for a reduced portfolio management fee. With effect from the financial year beginning 1 July 2017 the annual portfolio management fee payable by UKML to TwentyFour will reduce to 0.60% of the lower of the […]
F&C UK Real Estate share price recovers post referendum – F&C UK Real Estate has released results for the year ended 30 June 2017. Its NAV total return for the year was 6.1% with a NAV per share as at 30 June 2017 of 100.1p, up from 99.2p at the prior year-end. The share price […]
UIL lags benchmark – UIL achieved a NAV total return per ordinary share of 7.7% for the year to 30 June 2017, underperforming the All Share, which was up by 18.1%. The Board maintained total dividends at 7.50p. The chairman points out that the majority of the funds ‘platforms’ (the companies that it has established to make investments through) have […]
Dramatic discount narrowing leads to bumper return for JPMorgan Global Growth & Income – JPMorgan Global Growth & Income reports that, for the year ended 30 June 2017, its NAV total return was 29.0%, which compares well with the 22.2% return posted by the MSCI AC World Index. in an analysis of the contribution of different […]
