Wolf Minerals has reported its first financial results since commissioning the Drakelands tungsten/tin mine in September 2015. The company recorded a loss for the six months to 31 December 2015 of A$24.2 million (approximately £12.8 million), equivalent to 1.6 pence per share. The mining operation and processing plant are still ramping up to full production, […]
John Laing Infrastructure reports that its NAV at the end of December 2016 was 108.4p. In late February 2016, they announced a dividend of 3.41 pence per share for the second half of 2015, an increase of 1.04% on the previous dividend of 3.375 pence per share. This results in a total dividend payable in respect […]
Greencoat UK Wind has announced that it has entered into an agreement to acquire 49.9% of Clyde Windfarm (Scotland) Limited from SSE for a headline consideration of £355m, together with GMPF & LPFA Infrastructure LLP, the infrastructure investment joint venture between Greater Manchester Pension Fund and London Pensions Fund Authority. UKW will acquire 28.2% of […]
Hansteen’s results for the year ended 31 December 2015 have been published. Its EPRA NAV per share increased by 9% to 111p to give a total return of 17.3%. Full year dividend increased by 5.0% to 5.25p per share. The Normalised Income Profit or NIP, which excludes profits or losses from the sale of properties, essentially […]
NB Private Equity reports that, at 31 December 2015, its NAV per Share was $14.35, up from $14.24 NAV per Share at 31 December 2014. this translated into a 4.9% NAV total return during 2015. They say this was driven by unrealised gains on private equity and public holdings as well as cash and payment-in-kind (“PIK”) interest on its income investment portfolio. […]
Fidelity European Values say that, for the year ended 31 December 2015, the net asset value total return was 6.9%, outperforming its Benchmark Index, the FTSE World Europe (ex UK) Index, which returned 5.3%. The share price total return over this period was 9.2%, ahead of the NAV return as a consequence of the level of discount […]
Real Estate Investors has published results for the year ended 31 December 2015 – its first year of operations as a REIT. The EPRA NAV per share rose by 5% to 64.5p from 61.3p. EPRA earnings per share were 0.81p (2014: loss 0.36p). This was on the back of a 38% increase in rental income to £8.4m. The total dividend per […]
Murray International had a poor year in 2015. The Chairman said he was disappointed to report that the NAV not only underperformed its benchmark in 2015 but also declined in absolute terms. He says a NAV total return of -7.8% inclusive of a 3.3% dividend increase (46.5p vs. 45p in 2014) compared unfavourably with a benchmark total return […]
Global Resources Investment Trust has not been able to come to an agreement with Primestar Energy FZE and LIM Asia Multi-Strategy Fund Inc. relating inter alia to the subscription, open offer and early redemption of loan notes and the reduction of the required coverage ratio (4:1 assets to loan notes). The assets of the fund […]
Safestore has agreed an option to acquire Space Maker, the ninth largest self-storage portfolio in the UK with 12 stores. The initial consideration is £43.0m initial consideration and a £1.4m deferred consideration to be funded from existing Group debt facilities. At the initial consideration price, the Space Maker portfolio has an implied first year net operating income […]
