Globalworth is to raise €200m at €8 per share a 12.6% discount to its NAV. This means value is being transferred from existing investors to the new investors. The net asset value will be diluted. The shares have risen on the news, possibly reflecting the good news that it will now have enough money to develop its Globalworth campus […]
Lazard World Trust Fund’s net asset value rose 5.9% on a total return basis, compared with the gain of 6.2% of the MSCI All Country World ex-USA Index during the six-month period ended 30 September 2016. The Fund’s share price, as traded on the London Stock Exchange, was up 8.6% (dividends reinvested) as the discount narrowed. […]
During the six months to 30 September 2016 Jupiter Green’s net asset value per share increased by 16.5 per cent. (with dividends added back). This compares with a total return in the benchmark index, the MSCI World Small Cap Net Total Return Index of 20.9 per cent. over the same period. The mid market price of […]
Over the year to 30 September 2016, European Investment Trust’s NAV per share increased by 12.3% from 742.2p to 833.8p. After taking account of dividends paid in the year of 16.0p per share, the NAV total return was 14.9%. This compares with the total return of 21.8% from the fund’s benchmark. The share price increased by 7.4% […]
LondonMetric Property says its EPRA NAV fell to 143p from 147.7p over the course of the six months ended 30 September 2016. Its EPRA earnings per share climbed to 4p from 3.7p however. The interim dividend has edged up by 0.1p to 3.6p. Year to date they have sold GBP84.2 million of retail and leisure […]
Better Capital has published a half-year report covering the six months ended 30 September 2016. The 2009 cell is doing OK, as the sale of its largest holding nears but the 2012 cell is struggling. The 2009 Cell NAV per share was 116.08p at 30 September 2016 which compares to 116.73p at 31 March 2016 […]
NextEnergy Solar Fund reports that its NAV per share increased from 98.5p on 31 March 2016 to 102.0p as at 30 September 2016. The NAV return was 8.3%. Reported profit for the period ended 30 September 2016 was GBP25.3m and earnings per share were 8.46p. During the period the share price increased from 97.75p to 106.13p […]
The Board of BlackRock Income Strategies has completed its strategic review and has agreed heads of terms with Aberdeen Asset Management and Aberdeen UK Tracker Trust (AUKT) to propose the following changes: Appointing Aberdeen’s Diversified Multi-Asset team, with Mike Brooks and Tony Foster as new lead portfolio managers; Significantly enlarging the company by a merger with AUKT; renaming the newly combined […]
Shaftesbury has published its results for the year ended 30 September 2016. Its EPRA NAV at the end of the period was GBP8.88 per share, an increase of 19p (2.2%). Portfolio capital value growth added 43p (4.9%) before a reduction of 24p as a result of early termination of debenture debt and interest rate swaps. EPRA […]
BH Macro is offering shareholders the chance to exit now via a tender. They are instituting some transition arrangements covering the period between the tender and March 2019. After March 2019 it will be easier to exit the fund without paying a big penalty. 100% Tender BH Macro is holding a tender for all its shares at […]
Riverstone Energy wants to amend its investment policy to allow it to make an additional investment in Canadian International Oil Corporation (CIOC). At the moment they are limited to a maximum of 25% in any one investment. They want to take the limit up to 35% for this investment. Shareholders get to vote on this […]
Investors Capital Trust says it generated a net asset value total return for the A shares and B shares of 13.4 per cent. over the six months to 30 September 2016. This return was ahead of the 12.7 per cent. total return for their benchmark. During the six months to 30 September 2016, the company’s […]
Keystone says its total return to shareholders over the year to 30 September 2016 was 1.3%, based on the share price with dividends reinvested. Whilst this was a marginally positive return it was some way behind the benchmark which returned 16.8%. The total return on the underlying NAV was 5.6% with debt at par value and […]
F&C Capital & Income reports an NAV total return for the year ended 30 September 2016 of 16.6%, marginally shy of the benchmark return of 16.8%. The share price total return for the year was also 16.6%. The total dividend for the year is 10.30 pence per share, an increase of 2% on prior year and the 23rd consecutive […]
Troy Income & Growth delivered a total return on net assets of 14.7% and a share price total return of 14.8% for the year ended 30 September 2016. By contrast, the return on the UK market was 16.8%. The fourth interim dividend of 0.625p represented a 4.2% increase on the dividend of 0.6p paid each […]
Sirius Real Estate says the six month period to 30 September 2016 has been a good one. The adjusted net asset value per share increased by 4.3 per cent to 55.62c. Total income increased by 25.9 per cent to EUR32.6 million and this led to adjusted earnings per share of 2.01c per share, up from 1.25c. A 1.39c interim dividend has […]
Empiric Student Property has entered into three forward funding arrangements with a Leicester-based property company to develop a total of 170 beds in Leicester across three properties for an aggregate investment of GBP15.975 million. 134 New Walk and 140-142 New Walk are located immediately to the west and east, respectively, of the Group’s recently acquired standing […]
Hansa says its net asset value produced a total return of c. 17% over the six months ended 30 September 2016 in comparison to a total return of c. 2% from its benchmark. The ordinary shares rose 20.2% and the A ordinary shares by 13.0%, after the payment of an 8.0p dividend paid in May. They point […]
Worldwide Healthcare says its net asset value total return was +21.2% over the six months ended 30 September, outperforming the benchmark, the MSCI World Health Care Index measured on a net total return, sterling adjusted basis, which returned +17.3%. The share price, with a total return of +24.4%, also outperformed the benchmark over this period. The discount as at 30 September […]
In the six months to 30th September 2016 JPMorgan European’s Growth portfolio has seen its NAV rise by 12.9% on a total return basis, against a benchmark (MSCI Europe ex UK Index) which rose by 13.2%. For the Income portfolio, the NAV rose by 13.0% on a total return basis. The increases in the Company’s […]
The Board of Directors of London & St Lawrence Investment Company has decided to undertake a strategic review with regard to the company’s future. Once that review has concluded, they will make a further announcement of the conclusions reached. London & St Lawrence has been managed by three generations of the Ashfield family. It sits […]
The Board of UK Mortgages and TwentyFour Asset Management say that the TwentyFour portfolio management team remain fully engaged on a number of prospective opportunities with the aim of fully investing the Company’s capital in as timely a manner as possible. The Board is confident that current opportunities under discussion will lead to the remaining cash […]
Invesco Income Growth reports that the total return on net asset value over the half year to 30 September 2016 was 9.1%, it was a little behind their benchmark, which returned 12.9%. Nonetheless the share price’s total return was better, at 11.6%, thanks to the narrowing of the discount. The Board is declaring a second interim dividend of […]
Wolf Minerals has received approval to operate its tungsten plant on a 24/7 basis, permanently, and permission to extend mining activities to 2036. Both permissions will have a significant impact on future production at its Drakelands open-pit mine, in Devon. On 23 November, Devon County Council (DCC) extended the mine’s planning permission from 2021 to […]
Edinburgh Investment Trust produced a positive net asset value (NAV) total return for the six months to 30 September 2016 of 6.8% (debt at par) and 6.6% (debt at market), compared to a return of 12.9% by the FTSE All-Share Index, the Company’s benchmark. The share price total return (share price with dividends reinvested) for […]
Caledonia says its investment portfolio has delivered a 6.7% NAV total return in the six months ended 30 September 2016. They benefited from holding dollar and euro denominated investments following the devaluation of sterling. Income totalled GBP20.3m for the half year. This is slightly lower than the comparable period in 2015, which included a one-off […]
Post the referendum, the asset value of TR Property was a significant beneficiary given the appreciation of our European assets when measured in Sterling. The Trust’s asset value rose 10.7%, ahead of the benchmark which recorded 9.7%. Whilst UK property shares fell -3.8% over the period, their UK physical portfolio held up relatively well with a […]
Atalaya Mining Plc (ATYM:AIM) (AYM:TSX) As a result of an increase in volume of copper concentrate sold, lower cash costs and higher realised copper prices, EBITDA improved significantly in Q3 2016 to €1.9 million compared to a loss of €3.6 million for H1 2016. Atalaya, had a 97% increase in the production of tonnes of […]
JPMorgan European Smaller Companies says that its net asset value total return was +17.7% in the six months to 30th September 2016 compared with the benchmark total return of +16.1% over the same period. The shareholder return was also positive despite the widening of the discount over the period. The share price total return was +10.3%. […]
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