Pacific Horizon has published results for the year ended 31 July 2015. Over the year the fund delivered an NAV return of -1.6% a bit behind the MSCI All Country Asia ex Japan Index which decreased by 0.9%. shareholders did better however as the share price increased by 2.2% and the discount narrowed from 11.5% […]
CatCo Reinsurance Opportunities has announced that its investment manager, CATCo Investment Management Ltd. has agreed to sell substantially all its assets to Markel Corporation, a U.S. based diverse financial holding company whose principal business markets and underwrites specialty insurance products. Listed on the New York Stock Exchange, Markel has a market capitalisation of approximately $11.5 […]
Anglo American Platinum (Amplats), part of the Anglo American group, has agreed to sell its Rustenburg platinum operations to South African gold producer, Sibanye Gold. The total consideration payable is a minimum of R4.5 billion, consisting of an upfront payment of R1.5 billion in cash or shares and a deferred consideration equal to 35% of […]
Crystal Amber has published results for the year ended 30 June 2015. Over the year its NAV rose by 4.6% to 168.26 pence. The dividend increased tenfold from 0.5p to 5p. The total return per share for the year was 5% which compares unfavourably to the FTSE 250 total return of 14.5% and FTSE Small Cap total return of […]
Cambria Africa has published results for the year ended 31 August 2014 and interims or the six months ended 28 February 2015 and consequently has successfully applied for a restoration of trading in its shares. Key events for the 2014 financial year were: On 8 May 2014, the Company disposed of the Southerton property, which […]
Baillie Gifford Shin Nippon has published results for the six months ended 31 July 2015. It was a great period for shareholders in the fund as the net asset value per share (after deducting borrowings at fair value) rose by 17.0% compared to a 6.1% rise in the MSCI Japan Small Cap Index and the share […]
Glencore has suspended mining at two of its higher cost copper mines – Katanga, in the Democratic Republic of Congo, and Mopani, in Zambia. The operations are expected to remain closed for 18 months until the completion of the expansionary and upgrade projects, which are planned to reduce operational costs. The suspension of these operations […]
GCP Student Living is expanding its management team with the appointment of Nick Barker, former Head of Alternatives, Property at Schroder Property Investment Management. Previous to this he was Assistant fund manager for Schroder UK Property Fund (SPF), based in London. He joined Schroders in September 2007 following 3 years with Cushman & Wakefield Investors, […]
Ludgate Environmental has published results for the year ended 30 June 2015. Its net asset value fell from 66.5p to 60.6p over the period. At an EGM on 1st September 2014 shareholders voted to extend the life of LEF to 30th June 2018 with the expectation that the portfolio would be mostly sold by mid […]
Duke Royalty and Oliver Wyman have announced an exclusive pharmaceutical and healthcare royalty financing collaboration. Oliver Wyman is a management consultancy wholly owned by Marsh & McLennan Companies. Duke Royalty will be responsible for capital raising, the structuring of definitive agreements and the acquisition of each royalty interest originating from the collaboration. Duke Royalty believes […]
