Over the course of 2015, Marwyn Value Investors’ NAV decreased by 19.39% to 239.16 pence. The reduction in NAV over the year is primarily attributable to falls in the share prices of Entertainment One Limited (“eOne”), Zegona Communications and Marwyn Management Partners, partially offset by gains in the share prices of BCA Marketplace (formerly Haversham […]
Infrastructure India has announced that an agreement has been signed for the sale of its interest in Western MP Infrastructure & Toll Roads Private Limited (“WMP”). It is also providing an update on its largest portfolio asset, Distribution Logistics Infrastructure Limited (“DLI”). WMP operates a 125 kilometre toll road in the central Indian state of Madhya […]
3i Infrastructure has announced that it has signed an agreement to acquire a 36% economic interest in Wireless Infrastructure Group, investing approximately £75m and joining existing majority shareholder Wood Creek Capital Management and the management team as shareholders. Completion of the transaction is conditional only upon receiving clearance from the European Commission under the EU […]
Further to its announcement on 18 March of the board’s intention to put proposals to shareholders for a manage wind-down of the trust, Dunedin Enterprise has now announced its proposals. Is summary, a general meeting is being convened for 11 March for the purpose of putting proposals to shareholders to change the trust’s investment policy […]
London consultancy, Metals Focus, reports that in Q4 15 gold mining total cash costs (TCC) averaged US$631/oz, a decline of 1% on the prior quarter and 7% y-o-y and the lowest level since mid-2011. The weakening of many producers’ currencies (relative to the dollar) helped lower key mine site input costs, such as labour and […]
NextEnergy Solar has announced the acquisition of a portfolio of five operating plants totalling 84.2MWp for £97.9m. Completion is expected by mid April. The portfolio comprises Great Wilbraham (38.1MWp), Branston (18.9MWp), Bottom Plain (10.1MWp), Emberton (9.0MWp) and Berwick (8.2MWp). All these plants are connected and accredited under 1.4 Renewable Obligation Certificate (“ROC”) regime. NESF has put in […]
F&C Commercial Property reports that its net asset value total return for the year was 15.9 per cent and the share price total return was 2.8 per cent. The total return from the portfolio was 14.3 per cent, which compares favourably with a total return of 13.3 per cent from the Investment Property Databank (‘IPD’) […]
Menhaden Capital published its first set of results on 31 March 2016. these cover the period from its incorporation, through its listing on 31 July 2015 and up to 31 December 2015. Menhaden’s net asset value decreased from 97.7p (post IPO expenses of 2.3p) to 83.9p, representing a decline of 14.1% for the five months […]
Pacific Assets say that, during the year ended 31 January 2016, the company’s net asset value per share total return was -6.6%. For comparison, the MSCI All Country Asia ex Japan Index, measured on a total return, sterling adjusted basis, fell by 13.1%. A narrowing of the discount of the company’s share price to its net […]
2015 was a good year for Fidelity Japanese Values as it returned 24.6% on net assets and 20.5% to shareholders – both beating the total return on the Russell Nomura Mid/Small Cap Index Total Return (in sterling terms) which returned 19.4%. Nicholas Price’s manager’s report says, over the year, stock selection in the services sector […]
