Schroder Japan Growth had a great year for the twelve months ended 31 July 2015, generating a total return on net assets of 24% while its benchmark delivered a return of 17.7%. The Directors have declared a final dividend of 2.00p per share for the year, an increase of 11.1% over the 1.80p per share […]
Target Healthcare REIT reports 3.4% growth in its EPRA NAV for the year to the end of June 2015. EPRA earnings per share were 5.7p, 36% higher than the previous year. The dividend for the year is 6.12p – an increase of 2%. This works out at an NAV total return of 10.3% which is […]
Following consultation with its shareholders, Alliance Trust has announced a raft of measures that the board believes will position the company to “deliver consistent outperformance in a cost-effective manner”. These include changes to the board structure, changes to the management arrangements, focus on cost reductions, disposal of legacy assets and a new benchmark. The board believe the new […]
Bluefield Solar’s results, covering the year to the end of June 2015, are out. Over the year the fund generated a return on net assets of 6.7% and a return to shareholders of 13.0%. The total dividend for the year was 7.25p – ahead of their target of 7p. The report says the portfolio has performed […]
GCP Student Living has published its annual report covering the year to the end of June 2015. The EPRA NAV rose by 22.3% and the share price by 20.0%. The dividend increased from 5.47p to 5.6p. The EPRA EPS was 5.1p.The total return to shareholders was 26%. The Company’s property portfolio has operated at full […]
In November 2014, Origo shareholders approved a revised investing policy, under which the Company is now, through an orderly realisation programme, seeking to divest its entire portfolio over a period of no longer than 4 years at such time and under such conditions as the independent directors of Origo may determine in order to maximise […]
British Empire Securities and General Trust has announced that Joe Bauernfreund will become its named portfolio manager from 1 October 2015. This is a low turnover position (the trust has had just three portfolio managers in the last 30 years). Jo has been with the trust’s managers (Asset Value Investors) since 2002 and has worked […]
Better Capital PCC Limited has announced that the General Partner of BECAP Fund LP has sold the entire issued share capital of Fairline Boats Limited to a newly formed special purpose acquisition vehicle affiliated with the Wessex Bristol group of companies for a modest deferred consideration. Fairline was valued at £13.5m at the last 2009 Fund valuation as at […]
Over the year to the end of June 2015, JPMorgan Emerging Markets shrugged off struggling emerging markets to deliver a 7.4% return on net assets and a return to shareholders of 6.6% as compared to a 3.2% return on the MSCI Emerging Markets Index. Austin Forey, the fund’s manager, says his ideal investment is one […]
Genesis Emerging Markets underperformed its benchmark over the year to the end of June 2015 – the return on net assets was -1.1% while the return on the MSCI Emerging Markets Index was +3.5%. Unfortunately for shareholders the discount widened as well, from 6.1% to 11.8% and this translated into a -7.2% return to shareholders, […]
