The Board of Altin has announced that, at the EGM held on Friday, all of the proposals put forward by Alpine Select and its associate were rejected by shareholders. We understand that the vote was quite decisive. As promised, the Altin Board did agree that Thomas Amstutz, one of the directors that Altin put forward, […]
Jupiter Global’s board has decided to seek shareholders’ approval for a change in both the company’s investment strategy and name with effect from the general meeting of shareholders which has been convened for next month. These changes are the subject of a circular which has been posted alongside the Half Year report. This is an important […]
Fundsmith Emerging Equities has published results for the year ended 31 December 2015. The MSCI Emerging and Frontier Markets Index, measured on a net sterling adjusted basis, fell by 10.0% over the year. The Company’s net asset value per share outperformed the benchmark but fell by 7.0% itself (after expenses). The Company’s share price also fell, […]
Starwood European Real Estate Finance has published results for the year ended 31 December 2015. The NAV and share price total return in the period were 7.58% and 8.22% respectively. At the year end, the shares were quoted at 107.63 pence per share, being a premium of 7.17% to the net asset value per share of […]
LondonMetric Property has announced that it has acquired three distribution warehouses for £21.8m, totalling 212,600 sq ft and reflecting a net initial yield (“NIY”) of 6.6%, which contractually rises to 6.9% within two years. The warehouses are located in Castle Donington, Royston and Hemel Hempstead and are let to toy retailer Hamleys, Howdens and Goodrich respectively for […]
After the repayment of the Mansion loan, as notified on 8 March 2016, the ICG Longbow has redeployed the proceeds through the completion of a new £22.4m loan to Commercial Regional Space Limited and affiliates on 16 March 2016. The loan has a maturity date of April 2019 and represents 19.96% of the Company’s gross assets […]
India Capital Growth outperformed its benchmark, the S&P BSE Mid Cap Index, over the course of 2015 – generating a return on net assets of 8.6% against a 7.7% return on the index. Unfortunately though the discount widened from 18.7% to 24.4% and so the share price was up 1%. With the exception of Financials, […]
Henderson High Income generated an NAV return of 7.6% over the year ended 31 December 2015 while its benchmark, 80% of the FTSE All-Share Index (total return) and 20% of the Merrill Lynch Sterling Non-Gilts Index (total return), returned 0.9%. The return to shareholders was 6.6%. The dividend was increased from 8.6p to 8.9p. This […]
Tritax Big Box REIT reports that its EPRA net asset value per share increased by 17.11 pence (or 15.91%) to 124.68 pence (31 December 2014: 107.57 pence) over the course of 2015. This works out as a total return for the year of 19.4%, compared to the FTSE EPRA/NAREIT UK REITs Index of 10.5%. Dividends […]
European Assets Trust recorded a Sterling net asset value total return for the year of +20.5% (26.9% in Euro terms), a Sterling share price return of +20.4% and a Euro dividend increase of +20.3% for the year ended 31 December 2015. The Euromoney Smaller European Companies (ex UK) Index returned 17.2% (23.4% in Euro terms). The Board […]
