Horizonte Minerals Plc (HZM:AIM, HZM:TSX) The company was awarded three new mineral exploration concession areas, adjacent to their 100% owned Araguaia nickel project. The concessions total 5,996 hectares which increases their land position to a total of 132,278 hectares. Horizonte will be undertaking a regional exploration programme to evaluate and advance these new areas as appropriate. These […]
BlackRock Frontier Markets reports that, during the year to 30 September 2016, its NAV increased by 9.3%, significantly outperforming the benchmark, the MSCI Frontier Markets Index, which rose by 0.9%. The MSCI Emerging Markets Index rose by 16.8% over the same period. The Directors are recommending the payment of a final dividend of 4.00 cents […]
Central Asia Metals plc has expanded its interest in Kazakhstan with a framework agreement to acquire an 80% effective interest in the subsoil use contract (SUC) for the Shuak copper exploration property, in northern Kazakhstan. This represents the company’s first venture outside of its Kounrad copper dump retreatment operation in the country. To acquire its […]
Hammerson plc and its partners in VIA Outlets, APG, Meyer Bergman and Value Retail, have signed an agreement to acquire, subject to regulatory clearance, four established outlet centres as part of its growth strategy in the European outlet market. The retail venues, located close to major cities in Germany, Portugal, Spain and Poland, represent total […]
Aberdeen Japan’s share price total return was almost 14% during the six months ended 30 September 2016, helped by both a slight tightening of the discount and the slide in sterling following the Brexit referendum result, including the effect of the hedge which, as expected, reduced the sterling related gain. The underlying portfolio outperformed the benchmark […]
John Laing Environmental Assets has published its half-year results to 30 September 2016. The NAV was 98.3p at 30 September 2016 (31 March 2016: 96.7p) with the positive movement in the period reflecting primarily an increase in forecast electricity prices. The portfolio valuation as at 30 September 2016 was GBP320.7m (31 March 2016: GBP264.5m). Total dividends were […]
LondonMetric Property has announced that it has acquired eight ‘last mile’ distribution warehouses for GBP39.9 million at a blended yield of 6.2% and with a WAULT of 9.0 years. Six of the distribution warehouses have been acquired from Helical plc for GBP26.0 million at a NIY of 6.5%. The 382,000 sq ft of warehouses are […]
BACIT has announced its interim results for the six months ended 30 September 2016. During the period, the company’s NAV total return was 4.82%, thereby underperforming the FTSE All-Share Index, which returned 12.85%. Reflecting a widening of the discount during the period, the company’s share price fell by 4.2%. The trust’s chairman, Jeremy Tigue, says […]
NextEnergy Solar Fund has announced that has signed an agreement to acquire the Kentishes solar plant, which is located at Stisted, Braintree, Essex. The company says that the 5 MWp plant is nearing the end of construction and is set to be accredited under 1.2 Renewable Obligation Certificate regime qualifying for the significant investment grace […]
Assura reports 3.1% growth in diluted EPRA NAV per share to 47.2 pence over the six months ended 30 September 2016. EPRA EPS, which excludes the net impact of valuation movements and gains on disposal, was 1.2 pence (2015: 0.9 pence). The quarterly dividend will rise by 9% to 0.6p from January 2017. They are reporting […]
Hammerson has announced that it has signed an agreement with eleven institutional investors, from both the US and the UK, for the placement of £400m of private placement notes with maturities at 7, 9, 11 and 14 years. The fixed rate notes are denominated in Euro (EUR 177m), British Pound Sterling (£50m) and US Dollar […]
Schroder Income Growth Fund has published its annual financial report for the year ended 31 August 2016. A total return of 8.4% for the net asset value compared unfavourably to a total return of 11.7% for the FTSE All-Share Index. The share price produced a negative total return for the year of 0.8%, reflecting a widening in […]
Schroder Oriental Income says that, over the year ended 31 August 2016, the net asset value produced a total return of 32.1%, the share price produced a total return of 32.8% and the dividend has increased for the 10th year in a row. Revenue earnings per share for the year increased by 3.4% to 9.03 […]
EP Global Opportunities has announced that, further to the foreign exchange hedging announcements made on 30 June 2016 and 2 August 2016, in relation to its investments in Japanese equities, it has entered into a foreign currency forward contract that effectively removes the hedging of the Japanese Yen exposure back to Sterling, detailed in the previous […]
Over the six months to the end of September 2016 Templeton Emerging Markets returned 29.6% in NAV terms, well ahead of the 21.7% return posted by its benchmark, the MSCI Emerging Markets Index. The largest contributions to performance came from Buenaventura, ADR (up 108.4%, added 2.0% to NAV), Banco Bradesco, ADR (up 49.8%, added 0.7% to NAV), M. Dias Branco (up 143.1%, added 0.7% […]
Over the six months ended 30 September 2016, Sequoia Economic Infrastructure’s NAV has increased from 97.04p to 101.29p, largely as a result of interest income net of expenses of 2.64p, an increase of 2.70p in asset valuations and a gain of 1.91p in FX movements net of hedging movements, reduced by dividends of 3p. The share price has risen […]
A strategic review of European Real Estate Investment Trust has taken place between the manager and the board. Following the sale of the Panrico assets on 28 July 2016, La Gaude in Nice is their last remaining property and needs to be sold as soon as practicable to ensure the liquidation process can be completed. […]
LXB Retail is working to return cash to shareholders. They reported a fall in net asset value of 7.5p per share for the six months ended 30 September 2016, after adjusting for a return of capital of 38.0p per share in June 2016. The major constituents of this reduction are: losses caused by delays in the […]
Securities Trust of Scotland reports that, for the six month period ended 30 September 2016, its net asset value total return was 13.7% and the share price total return was 17.6%. This compares to the peer group median performance of 14.2% over the same period. The revenue return per share for the six months was 3.07p, an […]
Over the six month period to 30 September 2016, Martin Currie Asia Unconstrained reports that, on a total return basis, the net asset value of the company increased by 19.5% while the share price gained 18.5%. The results are ahead of the headline GDP for countries in our universe growing approximately 10.8% over the last […]
Perpetual Income & Growth underperformed its benchmark over the six months ended 30 September 2016, returning 4.8% against a return of 12.9% for the UK market. The share price increased by 2.4%, rising from 375.6p to 384.5p per share, with the discount to NAV per share narrowing marginally from 5.1% to 4.7% over the same […]
New India has announced its interim results for the six months ended 30 September 2016. During the period, the trust’s NAV per share increased by 21.5% to 439.98p while the Ordinary share price also gained by 21.5% to reach 380.75p. By comparison, the trust says that its benchmark MSCI India Index increased by 21.6% and […]
Alpha Real Trust, talking about the six month period ended 30 September 2016 (which was a difficult one for many property companies), reports: Its NAV per share rose to 151.9p from 137.9p on 31 March 2016, an increase of 10.1% Adjusted earnings per share of 3.9p for the six months ended 30 September 2016 (3.0p: six months ended […]
CATCo Reinsurance Opportunities has announced that, following its announcement, on the 14 November, of the unaudited net asset value of the Company’s Ordinary Shares and C Shares as at the close of business on 31 October 2016, the Company notes that its ordinary Shares and C Shares were trading at a 0.25% discount and a […]
Over the six months to 31 October 2016 Personal Assets Trust’s net asset value per share rose by 7.5% to GBP394.85. Its share price rose by GBP24.50 to GBP397.00 over the same period, being a premium of 0.5% to the Company’s NAV at that date. They are paying quarterly dividends of 140p per share. At the end of the […]
GCP Infrastructure Investments has announced a placing of new Ordinary Shares under its placing programme. The Placing will seek to raise gross proceeds of approximately £60 million in accordance with the prospectus. The company says that the placing is being effected to allow it to take advantage of a number of attractive investment opportunities in […]
Great Portland’s EPRA NAV has slipped by 4% over the six months ended 30 September 2016 to 813p. Total net assets at the end of the period were £2,827m. EPRA profit before tax of GBP28.3 million, was up 16.5% on H1 2015. this translated into a 20.3% increase in EPRA earnings per share to 8.3p. The interim dividend […]
Better Capital is raising cash from its portfolio and restructuring one investment. Gardner Yesterday they said they had received a cash offer from Shaanxi Ligeance Mineral Resources Co. Limited for its interest in Gardner Aerospace Holdings Limited. The price equates to an enterprise value of £326m. The 2009 cell’s share of the proceeds net of costs and […]
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