Montanaro UK Smaller Companies plans 4% dividend – Montanaro UK Smaller Companies has announced a significant increase in its future dividend distributions. The company intends to pay a regular quarterly dividend equivalent to 1% of the Company’s NAV on the last business day of the preceding financial quarter, being the end of March, June, September and December. The dividends […]
Artemis Alpha sells Metapack – Artemis Alpha Trust has drawn investors’ attention to an announcement from Stamps.com which has entered into a definitive agreement to acquire the total shares outstanding of Metapack Ltd., an unlisted equity representing 3.1% of the NAV, for cash. The agreed sale price represents a 24.8% uplift to current carrying value. Total proceeds […]
Two new vessels for Tufton Oceanic Assets – Tufton Oceanic Assets (SHIP) has announce that it has agreed to acquire a 75% interest in a LPG carrier for $21.75 million and a 100% interest in a Handysize Bulk Carrier for $10 million. LPG carrier – bareboat charter of seven years. The LPG carrier will have a bareboat […]
Hammerson begins a £300m buyback programme – In its interim results report published today, listed property REIT Hammerson (HMSO) has announced that it has begun a share buyback programme for £300 million. The company confirmed that the programme had begun in a separate announcement released shortly after the interim statement was published. The buyback programme is part of […]
VinaLand sells its last two investments – VinaLand Limited will sell its stakes in both the 196HVT project and the SGPY project. The 196HVT site, which is approved for a future hospitality development, is in Ho Chi Minh City and The SGPY project is a small operating hotel located in Phu Yen. Both projects were acquired by VNL in 2008. VNL will divest […]
Templeton Emerging adds another manager to team – Templeton Emerging Markets Investment Trust has announced that Andrew Ness will be named as a portfolio manager of TEMIT with effect from 17 September, 2018. He will work closely alongside TEMIT’s lead portfolio manager Chetan Sehgal, who continues to serve as director of portfolio management for Global Emerging Markets […]
Hammerson sells Imperial and Fife Central Retail Parks – Hammerson plc has exchanged contracts for the sale of two retail parks, Imperial Retail Park, Bristol and Fife Central Retail Park, Kirkcaldy, for a total consideration of GBP164m to Capreon. This transaction brings Hammerson’s total proceeds from disposals in 2018 to GBP300m. Imperial Retail Park, acquired in 2012 […]
Artemis Alpha writes down URICA – Artemis Alpha Trust says that its NAV has been reduced by 2.2% as a result of an impairment taken to the value of its holding in URICA Ltd, a company operating in the supply chain finance industry. This represents the total amount originally invested in URICA at cost. The managers did not […]
MINI fails to keep up with AIM index – Miton UK Micro Cap has published results for the year ended 30 April 2018. Over the year, the NAV returned 8.4%. This compares with the AIM All-Share Index, which returned 10.7% (AIM stocks account for three quarters of the portfolio). This performance is somewhat higher than the returns on other […]
Supermarket Income REIT buys Sheffield Morrisons store – Supermarket Income REIT has acquired a Morrisons’ supermarket in Sheffield from Opus North for GBP51.7 million (excluding acquisition costs), reflecting a net initial yield of 4.9%. The supermarket is located on an 8.4-acre site in the historic and prominent Hillsborough Barracks. It comprises a 113,000 sq ft Morrisons’ […]
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