Industrial Multi Property Trust has published an update on its position as at 31 March 2015 and been speculating about its future. They last refinanced the company at the end of December 2013. At that time occupancy within the portfolio stood at 84.6%. They have made modest improvements to this level since then and occupancy was […]
Sherborne’s net asset value fell by 1.5% over the six months ended 30 June 2015 to a level of 104.47p. The shares were trading at a discount of 3.3% to this NAV at the end of the period but the share price had climbed by 6.3% over the first half. By contrast Electra‘s shares rose by 4.9% […]
The Board of JPMorgan Global Emerging Markets Income Trust has announced the addition of Amit Mehta to the Company’s investment management team with immediate effect. The Company is currently managed by Omar Negyal and Richard Titherington, who are part of J.P.Morgan Asset Management’s Emerging Markets & Asia Pacific Equities team, which has members in offices across […]
Miton Worldwide Growth, managed by Nick greenwood (pictured), has announced its annual results for the year ended 30 April 2015. During the year, the trust’s NAV per share grew by 8.5% to 181.63p whilst its share price grew by 8.9% beating the FTSE All-Share Index, which rose 7.5% during the same period. The discount narrowed marginally […]
UK-based precious metal consultancy group, Metals Focus, has estimated that at the current gold price of below US$1,100/oz, some 24%, or around 400 t, of annual gold production is being mined at a loss, using the all-in sustaining cost (AISC) measure. The consultancy bases its conclusion on its annual global cost curve, which represents some 1,650 […]
Over the year to the end of May 2015, Henderson Smaller Companies generated a 20.4% return on net assets and a 28.2% return to shareholders both of which compare well to a 10.4% return on the Numis Smaller Companies Index for the same period and the average returns for HSL’s peer group (14.3% on NAV […]
Xtract Resources has intersected a second high grade gold reef system (’Reef system B’) at the Colin mining area at its developing Chepica gold and copper mine, in Chile. The new system grades 3.9 g/t over a 4.1 m width in situ and to-date the company has developed 10 m along strike. Xtract believes that […]
John Laing Environmental Assets has bought two solar plants for £20.37m. Monksham Solar is located near Frome in Somerset, with a total generating capacity of 10.7MW and is accredited for 1.6 ROCs. John Laing Environmental Assets has bought all its ‘B’ shares plus other economic interests from the founding shareholders and Green Nation, the developers of […]
Antofagasta has agreed to acquire a 50% interest in Barrick Gold’s Zaldivar copper mine, in Chile, for US$1,005 million in cash. Payment terms are US$980 million in cash upon closing and five annual payments of US$5 million per year, starting in 2016. Antofagasta will fund the acquisition from its balance sheet. As at 31 December […]
Fidelity Japanese Values has announced that Nicholas Price (pictured) will be taking over, as manager of the trust, from 1 September 2015. He replaces Shinji Higaki who has managed the portfolio for eight years. Nicholas has over 20 years’ experience in the Japanese equity market. He joined Fidelity’s Tokyo office in 1993 as a research analyst […]
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