Henderson High Income outperforms in 2017 – Henderson High Income beat its benchmark (80% the All-Share and 20% a gilts index) by 2% in 2017. Unfortunately though, its discount widened and the return to shareholders was 8.7% against 11.4% for the benchmark. the trust expanded by £32m as it absorbed Threadneedle UK Select and also […]
AEW UK REIT buys Dagenham leisure park – AEW UK REIT has acquired the eastern section of London East Leisure Park, Cook Road, Dagenham and an industrial unit let to Plastipak UK Limited on Gresford Industrial Estate, Wrexham for a combined price of GBP22.5m. Dagenham Leisure Park London East Leisure Park is a purpose built leisure […]
John Laing Infrastructure propose moving domicile to UK – The NAV of John Laing Infrastructure [JLIF] rose by 9.5% the company informed shareholders in its final report for the year ending 31 December 2018. The share price, however, fell by 4.8%. The value of the portfolio value rose by 13.3% to £1,379.3 million, with the underlying portfolio growing by […]
BlackRock Emerging Europe offers 100% tender – BlackRock Emerging Europe has been out-performing its benchmark, by 5.7% in US dollar terms in the year to 31 January 2018. The NAV increased by 35.5% in US Dollar terms (19.9% in sterling terms) which compared favourably with the benchmark (MSCI Emerging Europe 10-40 Index) return of 29.8% in […]
Profits growth and falling discount mean a good year for F&C Private Equity shareholders – in its final report for the year to 31st December 2017, F&C Private Equity (FPEO), the chairman commented that the portfolio continued to make progress during the year. Profits growth and falling discount Over the year, the NAV returned 5.6% (on a total […]
Menhaden made some money in 2017 – Menhaden’s NAV total return for the year ended 31 December 2017 was +7.8% (2016: +1.8%) and the share price total return was +3.2% (2016: -13.8%). The MSCI World Total Return Index (in sterling) increased by 11.8% (2016: +28.2%). By way of additional comparison, the WilderHill New Energy Global Innovation Index […]
India Capital Growth shareholders made 59% in 2017 – India Capital Growth had a great 2017, returning 59% to shareholders and delivering a 42.3% return on its NAV. The NAV just failed to beat its notional benchmark, the BSE Midcap, which returned 45.3%. The 3% underperformance arose in December when three significant portfolio holdings corrected […]
JPMorgan US Smaller Companies beats benchmark helped by stocks such as Grubhub – JPMorgan US Smaller Companies says that, in 2017, its share price rose by 7.7% and the NAV increased 6.3%. Good stock selection has resulted in outperformance of its benchmark index, the Russell 2000 which rose by 4.5% in sterling terms. The board is recommending a […]
Dunedin Enterprise shareholders made 74% in 2017 – [shame it is winding up!] Dunedin Enterprise made an NAV return of 23.9% over 2017. Shareholders did even better, with a total return to shareholders of 74.8%. This was boosted by a return of capital to shareholders of 100p per share and the payment of dividends of 31p. The net asset value decreased […]
Empiric Student Property NAV slips on over distribution – Over the course of 2017, Empiric Student Property’s EPRA NAV fell from 106.2p to 104.5p. The portfolio value at 31 December 2017 was £890.1m. EPRA earnings per share rose from 0.4p to 0.7p, still well short of the 5.55p of dividends that they declared (and their 6.1p target) and this hit […]
