JPMorgan Global Growth & Income, which recently switched to the Global Equity Income sector, had a great six months in H2 2016. The return on net assets, at +23.0%, was well ahead of the benchmark, the MSCI AC World Index expressed in sterling terms, which returned +15.3%. A significant narrowing of the discount meant that […]
Ariana Resources (AAU:AIM) Completed a resource-focused target generation for the Tavsan Project which is part of the Red Rabbit 50% joint venture with Proccea Construction Co. Sixteen target areas were identified, including the following important drill intercepts: [email protected] g/t Au + 6.83 g/t Ag, [email protected]/t Au + 3.67 g/t Ag and [email protected] g/t Au + 4.32g/t Ag, […]
Over the six months to 30 November 2016 the Net Asset Value per share of Jupiter European Opportunities rose by 1.2 per cent. This performance was behind the return on the benchmark index, which increased by 10.9 per cent. over the same period. It would be tempting to attribute this short period of underperformance to […]
Standard Life Investments Property Income Trust has completed the purchase of an industrial investment in Sunderland for GBP5.5m, representing an initial yield of 6.4%. The property is located close to the Nissan assembly plant and is let for a further 5 years to a major supplier for Nissan. The property has planning permission for a […]
Amerigo Resources (ARG:TSX) Reported year end and Q4 2016 financial results. Gross tolling revenue for 2106 grew to US$124.4m from US$73.8m for 2015. The increase in revenue was due to a 52% increase in copper production to 56.8m lbs versus 37.3m lbs in 2015. Cash costs declined to US$1.73/lb from US$2.18/lb in 2015 due to […]
Alliance Trust has released a statement in an attempt to clear up any perceived conflict of interest in the appointment of Willis Towers Watson. We have reproduced this in full below: As announced in May 2016, the Board of Alliance Trust undertook a Strategic Review of the Trust to determine its future direction. The Board […]
Vast Resources (VAST:AIM) Quarterly production and operations update for the three months ended 31 December 2016, for their mines in Romania and Zimbabwe. Their 50.1% owned Manaila Polymetallic mine in Romania saw a 44% increase in copper concentrate production over the previous quarter, producing 889 tonnes at an average 19.5% copper. Zinc concentrate production increased […]
The SME Loan Fund is in discussions regarding proposals which it thinks, if implemented, should: address investors’ concerns regarding conflicts of interest between the Company, its current investment manager and its largest shareholder; provide the Company with access to a broader range of investment management skills through the appointment of SQN Capital Management, LLC (“SQN”) […]
The Board of Strategic Equity Capital understands that Harwood Capital Management and its representatives, of their own volition, are speaking to the company’s shareholders with a view to promoting a scheme that would result in Harwood, or an affiliate thereof, managing some or all of the company’s assets. The Board has been informed that Stuart […]
B.P. Marsh and Partners has acquired, through a newly established company Paladin NewCo Limited, an effective 35% shareholding in CBC UK Limited. CBC is a Retail and Wholesale Lloyd’s Insurance Broker, offering a wide range of services to commercial and personal clients as well as broking solutions to intermediaries. For the year ending 31(st) December […]
