Electra Private Equity has announced proposals to return up to £200m to shareholders via a tender offer. The company says that Morgan Stanley & Co. International plc or to act as principal and a circular dated 8 November 2016, containing the full terms and conditions, together with a Tender Form and details of a General […]
Henderson International Income Trust very marginally underperformed its benchmark over the year to 31 August 2016. The total return on the net asset value was 26.9%. The return on the ordinary share price was 24.0%. These returns compare to a total return of 27.2% in the MSCI World (ex UK) Index (sterling adjusted). They also announced a dividend […]
Savannah Resources Plc (SAV:AIM) Announces an initial resource estimation on the Jangamo and Dongane deposits which form part of the Mutamba project in Mozambique. Savannah currently holds a 10% interest in the Mutamba project with partner Rio Tinto and has the right to earn 51% upon completion of key milestones. CEO, David Archer said: “Savannah believes that […]
Fidelity Special Values just failed to keep pace with its benchmark over the year to 31 August 2016, delivering a NAV return of 9.9% against 11.7% for the index. The total dividend for the year is 3.7p, 10.4% higher than last year. The discount widened from 2.0% at the start of the reporting year to 10.0% […]
Over the six months to the end of September, both Scottish Mortgage’s net asset value (NAV) and price per share rose by 25% on a total return basis; for context, the FTSE All World Index rose by 18% over the same period. All three of these figures were favourably influenced by the falls in the pound against […]
BACIT plans to expand its investment policy and grow its assets under management with a couple of deals. This will nudge the fund towards becoming more of a life sciences company. BACIT is hoping to acquire Syncona LLP, a limited partnership vehicle founded by Wellcome Trust. this has an existing portfolio of life science investments. The […]
International Biotechnology Trust outperformed the Nasdaq Biotech Index over the year to the end of August 2016 as the fund’s NAV return was -1.7% against -3.8% for the index. Unfortunately, the discount widened from 5.7% to 13.5% and therefore the return to shareholders was -9.8%. Quoted portfolio The quoted portfolio outperformed the NBI by 1.1% in the […]
Over the year to 31 August 2016, Chelverton Growth Trust’s NAV increased from 54.95p to 62.53p – an increase of 13.79% a significant outperformance over the Company’s benchmark index, the MSCI Small Cap UK Index which rose by 3.78%. On the share price, the chairman says “It would be my reasonable expectation that the share […]
Anglo Asian Mining Plc (AAZ:AIM) Gold, copper and silver production & exploration in Azerbaijan; the company posted an updated investor presentation today. The presentation provides details of the all in sustaining costs per ounce of gold produced at their Gedabek mine in Western Azerbaijan. Target production for the full year to 31 December 2016 is 73k – […]
Highland Gold Mining (HGM:LSE) Three operating mines in Russia and a pipeline of promising development projects. 9-months production 191,752 oz AuEq (2015:191,408 oz ). Q3 production 63,096 oz AuEq, 11% decrease from Q3 2015. Mnogovershinnoye: Recovery rates improved to 92.1% from 91.9% Q3 2015. Average grade improved to 2.42 g/t from 2.22 g/t in Q3 […]
