ARC Capital Holdings has published results for the year ended 31 December 2014. These are obviously well out of date but they bring investors more up to speed with developments in the business. Normally we summarise large chunks of results statements to make your life easier but In ARC Capital’s case there is so much […]
Over the six months ended 31 July 2015, Mercantile managed to generate a return on net assets of 15.0%, 3.9% more than the 11.1% return posted by the FTSE All-Share ex FTSE100 and Investment Companies Index that the fund uses as a benchmark. the return to shareholders was 15.6%. They have paid 20p in dividends so far […]
Macau Property Opportunities has published results for the year ended 30 June 2015. The adjusted NAV per share fell by 18.7% over the year as the portfolio value fell by 14% to $463.7m. The discount widened from 11% to 17% over the year and has widened further since – to 39% today. Assuming a full drawdown […]
Sarah Emly, co-portfolio manager for JPMorgan Claverhouse Investment Trust, JPMorgan Elect, JPMorgan Income and Capital and JPMorgan Income & Growth, will be taking a period of leave away from the office for health reasons, with immediate effect. Sarah has worked closely alongside a number of senior JPMAM portfolio managers for 20 years; those colleagues continue […]
Gresham House has sold a large part of its site at Newton le Willows, Merseyside and announced interim results for the six months ended 30 June 2015. 25.8 acres of the site at Newton-le-Willows has been sold to Persimmon Homes Ltd. The transaction will realise a total of £7.25m net. A deposit and initial payment of £944,610 has been […]
Dexion Absolute has announced the results of its 2015 redemption and with it the closure of both the US$ and Euro share classes. Now only the sterling share class remains although Euro and US$ shareholders were given the option to switch into the Sterling share class. Under the terms of the redemption offer, 25% of the […]
Tritax Big Box REIT has announced that it has completed the land purchase and entered into contracts to provide forward funding for the development of a new regional distribution facility, pre-let in its entirety to TJX UK (“TK Maxx”), a major retailer of branded apparel and home fashions in the UK and Ireland. The investment price […]
GLI Finance’s new investment company, GLI Alternative Finance, raised £52.7m, a large proportion of which came from GLI Finance itself as it swapped loans on its balance sheet for shares in the new fund. The new fund will start trading tomorrow (23 September). The intention is to expand the fund with a series of C […]
Utilico is reporting a return on net assets of 6.4% for the year to the end of June 2015, ahead of the 2.6% return on the FTSE All-Share Index. However the discount widened from 22.8% to 30.8% over the year and so the return to shareholders was negative – the share price fell by 8.6% […]
After trading for just a few days, Cambria Africa has asked that its shares be suspended again “pending clarification of a dispute in relation to a material agreement”. We will have to wait to see what this means. UPDATE 30 September 2015 The dispute relates to the secured loan agreements held with Consilium Corporate Recovery […]
