Hammerson plc and its partners in VIA Outlets, APG, Meyer Bergman and Value Retail, have signed an agreement to acquire, subject to regulatory clearance, four established outlet centres as part of its growth strategy in the European outlet market. The retail venues, located close to major cities in Germany, Portugal, Spain and Poland, represent total […]
Aberdeen Japan’s share price total return was almost 14% during the six months ended 30 September 2016, helped by both a slight tightening of the discount and the slide in sterling following the Brexit referendum result, including the effect of the hedge which, as expected, reduced the sterling related gain. The underlying portfolio outperformed the benchmark […]
John Laing Environmental Assets has published its half-year results to 30 September 2016. The NAV was 98.3p at 30 September 2016 (31 March 2016: 96.7p) with the positive movement in the period reflecting primarily an increase in forecast electricity prices. The portfolio valuation as at 30 September 2016 was GBP320.7m (31 March 2016: GBP264.5m). Total dividends were […]
Schroder Income Growth Fund has published its annual financial report for the year ended 31 August 2016. A total return of 8.4% for the net asset value compared unfavourably to a total return of 11.7% for the FTSE All-Share Index. The share price produced a negative total return for the year of 0.8%, reflecting a widening in […]
Schroder Oriental Income says that, over the year ended 31 August 2016, the net asset value produced a total return of 32.1%, the share price produced a total return of 32.8% and the dividend has increased for the 10th year in a row. Revenue earnings per share for the year increased by 3.4% to 9.03 […]
A strategic review of European Real Estate Investment Trust has taken place between the manager and the board. Following the sale of the Panrico assets on 28 July 2016, La Gaude in Nice is their last remaining property and needs to be sold as soon as practicable to ensure the liquidation process can be completed. […]
LXB Retail is working to return cash to shareholders. They reported a fall in net asset value of 7.5p per share for the six months ended 30 September 2016, after adjusting for a return of capital of 38.0p per share in June 2016. The major constituents of this reduction are: losses caused by delays in the […]
Perpetual Income & Growth underperformed its benchmark over the six months ended 30 September 2016, returning 4.8% against a return of 12.9% for the UK market. The share price increased by 2.4%, rising from 375.6p to 384.5p per share, with the discount to NAV per share narrowing marginally from 5.1% to 4.7% over the same […]
Better Capital is raising cash from its portfolio and restructuring one investment. Gardner Yesterday they said they had received a cash offer from Shaanxi Ligeance Mineral Resources Co. Limited for its interest in Gardner Aerospace Holdings Limited. The price equates to an enterprise value of £326m. The 2009 cell’s share of the proceeds net of costs and […]
Amedeo Air Four Plus says it wants to buy two Airbus A380-800 planes for leasing to Etihad. They want to buy the first of these in March 2017 and the second in May 2017. Shareholders will have the chance to approve the deal at a meeting planned for 14 December. 40,250,000 new shares were issued in Amedeo’s July […]
