Shaftesbury has published results for the year ended 30 September 2015. The EPRA NAV increased by 21.9% to 869p and EPRA earnings per share increased by 6.6% to 13p. The total dividend for the year was upped by 5% to 13.75p. Commercial rent reviews came in at 24.8% above previous rents, equivalent to five-year compound […]
Premier Energy & Water published a prospectus on Friday that covers a reconstruction and voluntary winding up of PEWT Securities PLC. PEWT Securities PLC is the company behind Premier Energy & water’s current ZDP issue. These are coming to the end of their life. They are proposing that holders of these zeros be given the […]
BACIT is proposing that it start paying management fees. These won’t be huge and the investment policy – that it will invest in underlying funds on a “gross return” basis, that it will invest up to 1% a year of its net asset value in drug development projects and that it will donate 1% a year of […]
Biotech shares were weak in the six months that ended 30 September 2015. Biotech Growth Trust reports that its NAV fell by 18.6% over this period, 5% more than the 13.6% fall in the NASDAQ Biotechnology Index. The company’s shares fell by 19.3%. The Chairman said the fall in the value of many biotechnology companies […]
BlueCrest All Blue says its rolling 12 month discount floor provision has been triggered for its Sterling class of shares (the discount, based on the October month end figure, was too wide). This requires, in accordance with the Company’s articles of association, a continuation vote to be proposed for this class by way of ordinary resolution. […]
Templeton Emerging Markets has published results covering the six month period that ended on 30 September 2015. emerging markets had a tough time during this period, selling-off sharply and underperforming developed markets by 9.1% (comparing the two relevant MSCI Indices). Over the six months the fund generated a negative total return on net assets and underperformed […]
Marywn Value Investors has announced that it is proposing to raise a minimum of £50m through a placing, at a price of 220p per share. The company says that the book-build has secured substantial anchor orders from existing and new shareholders to support the minimum fund raise and that the book will be kept open […]
Juridica has announced that it is throwing in the towel and will shift into realisation mode. The Company will not make new investments (other than for funding existing investments in the Company’s portfolio where such funding is reasonably required to realise maximum shareholder value) and will seek to return capital to shareholders in the most […]
Custodian REIT has announced that it has exchanged contracts to acquire a portfolio of 11 UK commercial properties for an aggregate consideration of £69.4m. Simultaneously, the company has also announced that it has entered into an agreement to extend its existing revolving credit facility with Lloyds Bank from £25m to £35m whilst extending the termination […]
JPMorgan US Smaller Companies, managed by Don San Jose (pictured), has announced that it has agreed a new fee structure with J.P. Morgan Funds Ltd, which will take effect from the beginning of the company’s next financial year (1 January 2016). Under the existing fee arrangement the Company’s basic management fee has been 1.20% per annum on […]
