BlackRock Throgmorton says that, during the year to 30 November 2016, the Net Asset Value per share returned 7.3% compared with a return of 6.3% from the benchmark, the Numis Smaller Companies excluding AIM (excluding Investment Companies) Index. They are paying a total dividend for the year of 7.50 pence per share, an increase of […]
Crystal Amber has announced that it has acquired a further 16.08 per cent. of the issued Chess Depositary Interests (“CDI”) in GI Dynamics Inc (“GI Dynamics”), taking the Fund’s CDI holding in the company to 38.73 per cent. GI Dynamics is the developer of EndoBarrier, the first minimally invasive device therapy approved for the treatment […]
UK Commercial Property has completed the forward purchase of a pre-let 258,370 sq ft distribution warehouse development in Burton upon Trent for a total consideration of circa GBP22.2 million, reflecting a yield on capital of 5.8%. The transaction is in line with UKCPT’s strategy to focus its portfolio on assets that deliver a higher and […]
Bob Shearer, co-manager of BlackRock North American, has notified the Board of his intention to retire from BlackRock later this year and will therefore step down as co-manager of the Company at the end of August 2017. The Board and managers will review the portfolio management arrangements at that date, but the current intention is […]
Mariana Resources (MARL:AIM) (MARL:TSX.V) Reported initial drilling results from their 100% owned Ergama project in western Turkey, located 90km SE of Teck’s Pilot Gold Halilaga Au-Cu project and 230km west north west of Eldorado Gold’s Kisladag gold mine which produced 211k oz of gold in 2016. The Ergama project license covers an area of 2,168 Ha (21.6 km2). Drill […]
Proposed discount control management policy In view of the proposed changes to Aberdeen Diversified Income & Growth (formerly BlackRock Income Strategies) as announced on 30 November 2016, and following further consultation with many shareholders, the Board has given detailed consideration to the appropriate discount control mechanism for the company following the implementation of the proposals. […]
Picton Property Income has disposed of a non-core property in Drury Lane, Oldham, for GBP2.2 million, completing its business plan for the asset. The warehouse was purchased in April 2010 for GBP0.4 million with an annual rent of GBP74,000 as part of the acquisition of Rugby REIT. During Picton’s ownership, it secured planning consent to […]
BlackRock World Mining says it is revaluing its investment in the Avanco Royalty. The valuation is being increased from $12m to $25.2m. This has the effect of adding 6p to the fund’s net asset value. BlackRock World Mining bought the royalty in 2014 – read that story here. BRWM: BlackRock World Mining revalues Avanco
Strategic Equity Capital has published its interim report covering the six months ended 31 December 2016 – the NAV per share and the NAV total return per share increased by 13.7% and 14.1% respectively. By contrast, the benchmark returned 18.0%. The chairman’s statement attributes the underperformance to the lack of natural resource exposure in the […]
The board of JPMorgan Japan Smaller Companies has agreed with the manager to reduce the management fee payable on the trust. The old fee was calculated as 1% of gross assets. The new fee is 1% on the first £150m of net assets and 0.8% on any net assets above the £150m level. The new […]
