Aseana Properties wants to keep going – At an extraordinary general meeting held on 22 June 2015, shareholders voted in favour of Aseana Properties’ Board’s proposals to amend the investment policy to enable a realisation of the ssets in a controlled, orderly and timely manner. As part of that vote, the company committed to dispose of all its […]
SQN Asset Finance Income Fund (SQN) has provided an update on Suniva, in which it notes that the White House has now announced protective measures, which it says are aiming to ensure the long-term viability of the US solar cell manufacturing industry. It says that this action is intended to restore a fair and competitive […]
UK Commercial Property sells shopping centres to Shropshire Council – UK Commercial Property Trust Limited has completed the sale of its three retail centres in Shrewsbury town centre to Shropshire Council for approximately GBP51 million, representing a small premium to book value. The three assets comprise the Charles Darwin, Pride Hill and Riverside shopping centres […]
HBM Healthcare tops biotech trust league in 2017 Swiss-listed HBM Healthcare Investments (HBMN.S) can claim to have been the best performing biotech-specialist closed-end fund in 2017, according to an analysis by Marten & Co. The CHF1.1bn trust run by Swiss healthcare investment specialist HBM saw its share price rise from CHF99 to CHF134 last year […]
CIP Merchant Capital takes Saffron Energy stake – CIP Merchant Capital has made its first investment following its admission to trading on AIM in December 2017, agreeing to subscribe for, in aggregate, GBP6.0 million worth of shares in Saffron Energy Plc. Saffron is an AIM quoted European gas company with interests in Northern Italy. It is […]
JPMorgan Russian dividend up 50% as it beats benchmark – The Russian market was up by 8.4% over the year ended 31 October 2017 (benchmark index RTS). JPMorgan Russian’s return on a net assets basis outperformed the benchmark by 1.4% returning 9.8%. The return to shareholders also outperformed the benchmark, with a rise of 13.1% […]
JPMorgan Income and Capital liquidates portfolio ahead of possible rollover – JPMorgan Income & Capital Trust launched as a split capital trust in March 2008 with a fixed life ending on 28 February 2018 (the “Termination Date”). The Company’s portfolio (the “Portfolio”) has seen strong performance in recent months and, in light of the upcoming […]
Dolphin Capital sells Sitia Bay project – Dolphin Capital Investors says that it has entered, on 18 January 2018, into an agreement for the disposal of its 77.8% interest in the Sitia Bay Resort project, the Group’s residential resort development in Sitia, eastern Crete, to its minority partner in the project, Iktinos Hellas S.A. EUR1.4m […]
CatCo takes new big hit from California wildfires – Markel CATCo Investment Management Ltd., manager of CatCo Reinsurance Opportunities, says the ordinary shares are exposed to potential losses related to the Tubbs, Atlas, and Mendocino wildfires that impacted parts of Northern California, U.S.A. during October 2017. Recent estimates have indicated a substantial increase to insured industry […]
River & Mercantile UK Micro Cap describes stunning year – The NAV total return of the River & Mercantile UK Micro Cap portfolio for the year ended 30 September 2017 was 45.30%, which compares with the total return of 21.26% posted by the benchmark index. Therefore the NAV per share closed at 183.42p, compared to […]
