Phoenix Spree Deutschland sat the first half of 2016 saw further growth in rents and property values, resulting in an EPRA NAV per share total return of 7.8% for the half year. This puts the company well on track to achieve its target annual return per share of 8-10%. The Board is pleased to declare a […]
Over the year ended 30 June 2016, the sterling return of the MSCI All Countries World Index was 13.3% JPMorgan Global Growth & Income’s total return on net assets was lower than the benchmark, at 8.2%. There was a sharp widening of the discount from 6.9% at the start of the year to 14.4%, notwithstanding an active policy […]
Mercantile’s net asset value total return in the six months to 31st July 2016 was -1.0%, compared to a return of +5.7% from its benchmark index, the FTSE All-Share, excluding FTSE 100 constituents and investment trusts. The share price return was -4.0%. A second interim dividend of 10.25 pence per share has been declared. Together with the […]
Jupiter UK Growth has published its first set of accounts since its transformation into a UK focused trust covering the year ended 30 June 2016. The new strategy began to be implemented immediately following the general meeting of shareholders on 18 April and most of the changes in the company’s investment portfolio were accomplished by […]
For the financial year ended 30 June 2016, Pantheon International’s net assets stood at just under GBP1.2bn and it recorded an increase of 22.3% in NAV per share. The ordinary share price increased from 1,272.0p to 1,285.0p, an increase of 1%. The discount widened from 17% to 31%. The redeemable share price decreased from 1,285.0p to […]
UIL achieved a NAV total return per ordinary share of 47.1% over the year to 30 June 2016, outperforming the FTSE All Share Total Return Index by an impressive 44.9%. The Board maintained total dividends at 7.50p per share which represents a yield on the closing share price of 130.75p of 5.7%. Looking forward the […]
Zinc is zooming – it is up 55% since hitting a 6 year low mid-January. Prices have risen around 3% on the LME since Monday. The closing of 4 major zinc mines since 2013 has reduced supply by over 1 million tons. Glencore cut H1 2016 production by 31% to help shore up prices. Beijing […]
City of London Investment Trust reports that, in a flat year for equity returns its net asset value total return was 3.1%, ahead of each of the average for the AIC UK Equity Income sector, the UK Equity Income OEIC sector and the FTSE All-Share Index (by 0.8%, 4.8% and 0.9% respectively). The FTSE 100 Index […]
JZ Capital Partners Limited, alongside its long-term real estate partner, RedSky Capital, LLC, has acquired 2700 NW 2nd Avenue, a new property in the Wynwood neighbourhood of Miami, Florida. The purchase price was $30.8 million, of which JZCP provided $12.9 million. JZCP and RedSky plan to develop two Class-A buildings with ground floor retail, several […]
Aberdeen Asian Smaller Companies’ Board has reported that an amendment to the management fee has been agreed with Aberdeen Fund Managers Limited that is effective from 1 August 2016. From that date the Manager is entitled to a management fee payable monthly in arrears based on an annual amount of 1.0% (previously 1.2%) of the average […]
