Electra Private Equity has announced that its board has decided to cancel its existing £275m multi-currency revolving credit facility. The trust says that the facility is currently undrawn and therefore no repayment is required as a result of the cancellation. This follows the trust’s announcement, on 26 May 2016, that its board has served its […]
BlackRock Income Strategies says the six months to 31 March proved to be a challenging period for it and its resulting investment performance has been disappointing. The NAV fell by 0.9% over the period under review and the share price fell by 4.8%. Since the period end, the Company’s cum income NAV (with debt at fair value) […]
Schroder Real Estate has published results for the year ended 31 March 2016. Over this period the asset value increased to GBP322.6 million or 62.2p per share, from GBP299.2 million or 57.7p. This reflects an NAV increase of 7.8% and a total NAV return, including dividends, of 12.3%. Dividends of GBP12.8 million or 2.48p were paid during the year which, based on […]
Gabelli Value Plus+ has published its first Annual Report to shareholders since it listed on the London Stock Exchange on 19 February 2015. The company delivered a net asset value total return of +3.9% from the starting net asset value level of 99p per share over the year to the end of February 2016. This […]
JPMorgan Japan Smaller Companies’ undiluted total return on net assets, net of fees and expenses (or portfolio return) for the year ended 31st March 2016, was 13.9%, versus 6.9% for the benchmark. The company’s diluted return on net assets, which assumes that all of the subscription shares in issue were exercised at the rate of […]
Lindsell Train has announced results for the year ended 31 March 2016. In a year when the company’s net asset value total return per share increased by 11.9%, the share price (adjusted to include dividends) was up by 35.6%. This resulted in a significant increase in the share price premium to NAV, up from 5.9% […]
Oakley Capital Investments Limited has announced the successful completion of the Initial Public Offering of Time Out Group plc raising GBP90 million (gross). Oakley Capital Private Equity LP invested in Time Out to support the transformation from traditional print based media such as magazines and guidebooks to digital and mobile platforms. Since OCPE’s initial investment, Time […]
The Establishment Investment Trust has published results for the year ended 31 March 2016. Measured by total return, the Net Asset Value (NAV) fell by 4.5% while the share price declined by 10.9% for the financial year to 31st March 2016. For comparative purposes, the FTSE WMA Stock Market Balanced Index declined 0.5%, the FTSE100 […]
Seneca Global Income & Growth Trust generated a net asset value total return for the year ended 30 April 2016, of +0.8% which was less than the benchmark return of +3.7%, being 3-month LIBOR plus 3%. Nevertheless, SIGT’s NAV performance over the year compared well with its AIC sector and most of the comparator indices, whose returns […]
Sirius Real Estate has announced proposals for a private placing to raise up to €20m, which they say is to be used for further acquisitions. The company has also announced that it is refinancing an existing credit facility and is proposing a secondary placement of up to 27m shares. The Private Placement is conditional upon […]
