UK Mortgages cuts management fee – The board of UK Mortgages Limited has reached agreement with TwentyFour Asset Management LLP for a reduced portfolio management fee. With effect from the financial year beginning 1 July 2017 the annual portfolio management fee payable by UKML to TwentyFour will reduce to 0.60% of the lower of the […]
F&C UK Real Estate share price recovers post referendum – F&C UK Real Estate has released results for the year ended 30 June 2017. Its NAV total return for the year was 6.1% with a NAV per share as at 30 June 2017 of 100.1p, up from 99.2p at the prior year-end. The share price […]
Dramatic discount narrowing leads to bumper return for JPMorgan Global Growth & Income – JPMorgan Global Growth & Income reports that, for the year ended 30 June 2017, its NAV total return was 29.0%, which compares well with the 22.2% return posted by the MSCI AC World Index. in an analysis of the contribution of different […]
Aberdeen Frontier Markets experiences teething problems as moves to direct investment – Aberdeen Frontier Markets reports that, for the year ended 30 June 2017, the NAV rose by 13.7% in total return terms with the share price rising 16.7% as the discount narrowed. This compared to a gain of 19.7% for the MSCI Frontier Markets Index, […]
Hadrian’s Wall off to slow start – Hadrian’s Wall Secured Investments has published its first set of accounts for the period ended 30 June 2017. Its shares started trading on the London Stock Exchange on 20 June 2016 following an IPO that raised a net £78.4m. In addition, a C share issue on 31 May 2017 raised a further £44.3m. […]
Custodian REIT sells three properties – Custodian REIT has announced the disposal of three properties from its portfolio. Colchester The Company has sold an 8,326 sq ft retail unit within a six unit block on High Street, Colchester for GBP4.25 million, GBP0.7 million ahead of the 30 June 2017 valuation. The unit was recently let to […]
Global Fixed Income Realisation gets cash for Indonesian asset – On 29 August 2017, Global Fixed Income Realisation Limited announced that it had been advised by the administrator of 3D Propco Limited that the underlying asset, the Bintan Lagoon Resort in Indonesia, had been sold. On 18 September 2017 the company announced that it has received […]
Green REIT reports 10% NAV growth – Green REIT has released preliminary results for the year ended 30 June 2017. It is reporting 10% NAV growth driven by development profits and increased underlying earnings. Highlights: 10% increase in NAV from €1,048m to €1,152m 9% increase in EPRA NAV per share to EUR1.66, underpinning a 12.9% […]
Bluefield Solar reports 11% jump in NAV – Bluefield Solar Income Fund has published its Annual Report and Financial Statements for the year from 1 July 2016 to 30 June 2017. Operational Highlights The Company delivered total underlying earnings of GBP25.1 million (2016: 20.9 million) in the year and underlying EPS of 7.32 pence (2016: […]
Atlantis Japan to scrap subscription rights – Atlantis Japan Growth’s Board announced on 2 August 2017 that it was reviewing the appropriateness of continuing with the annual subscription rights mechanism following the 2017 subscription date (2 October 2017). The annual subscription rights mechanism enables shareholders to subscribe for one new ordinary share for every five ordinary shares […]
