Scottish Mortgage has announced its annual results for the year ended 31 March 2016. During the period, which its chairman says, “has not been as strong as in recent years”, the company’s NAV effectively remained flat in total return terms (it fell 0.1% over the year) but beat it FTSE All-World Benchmark, which declined by […]
North Atlantic Smaller Companies Investment Trust has announced its annual results for the year ended 31 January 2016. During the period, the company’s fully diluted NAV per share rose by 21.6% to an all-time high of 2,746p. This compares with a rise in the sterling adjusted Standard & Poor Composite Index of 2.8%, whilst the […]
Greencoat UK Wind has announced the results of the first tranche of its share issuance programme that was announced on 14 April 2016. The fundraising will see 95,238,101 new ordinary shares issued, at a price of 105p per share, raising gross proceeds of £100m. The company says that the proceeds will be put to work […]
Securities Trust of Scotland reports that, for the year ended 31 March 2016, its net asset value was flat and the share price was down 2.2%, both on a total return basis for the period. This compares to a 4.4% rise in the benchmark. The board has declared a fourth dividend of 1.45p, bringing the […]
Schroder Real Estate has announced the completion of four disposals for a combined price of GBP12.86 million reflecting an average net initial yield of 3.4%. The combined price was in line with the last reported valuation as at 31 December 2015 but reflected an uplift of GBP2 million or 18.5% compared with the previous year […]
Following the release of its interim results, 3i Infrastructure has announced the launch of £350m capital raising, by way of an open offer, placing and intermediaries offer. The company says that the proceeds to be used to fund the completion of its investments in Wireless Infrastructure Group and TCR, totalling approximately £230m, and to make […]
Macau Property Opportunities has announced that the Land, Public Works and Transport Bureau of Macau has granted an urban condition plan for the Company’s retail redevelopment project located in the Senado Square district of Macau. Senado Square is Macau Property Opportunities’ flagship retail development project. The company says that the project is well-located in Macau’s […]
JPMorgan Income & Capital reports its net assets fell during the year ended 29th February 2016, reflecting a general market decline. The total return on the Company’s assets for the year ended 29th February 2016 was a negative 5.5%. This represented an over-performance of 1.4% against the composite benchmark (comprising 90% FTSE 350 Index, excluding […]
Real Estate Investors has confirmed the acquisition of two additional investment properties in Telford and Nottingham for a total consideration of GBP5.135m, producing a combined rental income of GBP506,710 per annum and a net initial yield of 9.26%. The investment properties acquired are as follows: Titan House, Euston Park, Telford – acquired from receivers. The building […]
Having just raised £84m from investors, Target Healthcare REIT Limited has announced that it has completed the acquisition of a modern, purpose built care home in Warrenpoint, Northern Ireland for approximately £5.75m including acquisition costs. The home, Carlingford Lodge, was opened in 2011 and comprises of 74 single bedrooms with full ensuite bathrooms including wetroom […]
