Over the year to 31 August 2016, Chelverton Growth Trust’s NAV increased from 54.95p to 62.53p – an increase of 13.79% a significant outperformance over the Company’s benchmark index, the MSCI Small Cap UK Index which rose by 3.78%. On the share price, the chairman says “It would be my reasonable expectation that the share […]
The Board of AXA Property Trust Limited is pleased to announce that the company, together with its joint venture partner, has entered into a binding contract for the sale of the property at Agnadello, Italy. The sales price reflects a discount of 1.3% below the asset’s independent valuation as at 30 September 2016. Completion is […]
The Board is pleased to announce that Rodenhurst Estates Limited (the property owning subsidiary of Highcroft Investments PLC) has today agreed the sale of a freehold warehouse on the Heathcote Industrial Estate, Warwick to a private investor. It is expected that contracts will be completed within one month. Built in the early 1990’s, the property […]
Biotech Growth’s net asset value per share increased 20.5% during the six month period ended 30 September. The Company’s benchmark, the Sterling-adjusted NASDAQ Biotechnology Index, increased 23.2% during the same period. The Company’s share price increased 21.7% during the period. Currency movement contributed significantly to performance, as the Dollar appreciated 10% relative to the Pound […]
Anglo Asian Mining Plc (AAZ:AIM) Gold, copper and silver production & exploration in Azerbaijan; the company posted an updated investor presentation today. The presentation provides details of the all in sustaining costs per ounce of gold produced at their Gedabek mine in Western Azerbaijan. Target production for the full year to 31 December 2016 is 73k – […]
Highland Gold Mining (HGM:LSE) Three operating mines in Russia and a pipeline of promising development projects. 9-months production 191,752 oz AuEq (2015:191,408 oz ). Q3 production 63,096 oz AuEq, 11% decrease from Q3 2015. Mnogovershinnoye: Recovery rates improved to 92.1% from 91.9% Q3 2015. Average grade improved to 2.42 g/t from 2.22 g/t in Q3 […]
For the year to 31 August 2016, Edinburgh Dragon’s NAV rose by 31.9% on a total return basis. This was slightly less than the MSCI All Country Asia (ex Japan) Index ‘s increase of 33.0% in sterling terms. Most of these returns were generated in the second half of the year when Edinburgh Dragon’s performance picked up, […]
3i Infrastructure says it generated a total return of GBP74 million in the six months to 30 September 2016, or 5.0%, in line with its target of 8% to 10% per annum to be achieved over the medium term. Foreign exchange movements in the period, following the depreciation of sterling, contributed 1.2% to the total return. […]
Sirius Real Estate continues to reduce the average cost of its borrowings. It has confirmed it has completed a new 7 year EUR70 million banking facility with BerlinHyp with an all-in fixed interest rate of 1.48% for the term of the loan. This replaces an existing EUR39.3 million facility which was incurring an all-in fixed […]
The board of directors of Global Resources Investment Trust confirm that they have today repaid GBP1.0 million nominal of 9% Convertible Unsecured Loan Stock 2017 to LIM Asia Multi-Strategy Fund Inc. As announced on 28 October 2016, it expects to repay the balance of GBP1.5 million nominal of 9% Convertible Unsecured Loan Stock 2017 to LIM from […]
Axa Property Trust reports that its Net Asset Value at 30 June 2016 was GBP38.7 million (30 June 2015: GBP49.4 million). Adding back to the NAV the GBP16.2 million capital returned during the quarter, the NAV increased by GBP5.5 million (11.2%). In pence per share, the NAV rose from 57.6p to 67.2p, an increase of 16.6% […]
Gemfields (GEM:AIM) Operational update for 3 month period ending 30 September 2016, the first quarter of the 2017 financial year. Ian Harebottle, CEO of Gemfields , commented: “Work on new projects continues apace and plans remain on schedule to meet our annual target production of 40 million carats of rough emeralds from Kagem and 20 million carats of […]
Foresight Solar Fund has announced that it has completed the acquisitions of the remaining minority equity positions in its 10MW Southam Asset (30% minority position acquired), 9MW Paddock Wood asset (41% minority position acquired) and the 15MW Atherstone assets (22% minority position acquired). The company says that the acquisitions are the first from its previously […]
Volta Finance Limited has published its results for the financial year ended 31 July 2016. Volta produced a total return of 3.8% in NAV terms. This has been accompanied by a narrowing of the discount of the share price to NAV from nearly 20% at the half-year point to less than 14% at the end of […]
Capital & Counties Properties PLC has acquired the freehold interest of Tower House, 10 Southampton Street, Covent Garden, from Derwent London PLC for GBP67.5m before purchaser’s costs. The property is a substantial corner building located at the junction of Southampton Street and Tavistock Street with views towards the Piazza. The multi-let building produces an annual rental […]
3i Infrastructure plc has signed an agreement to invest approximately £185m to buy 100% of Infinis plc and its subsidiaries. These own the landfill gas (“LFG) interests of the Infinis Group. Infinis is the leading generator of electricity from LFG in the UK. LFG is a naturally occurring product resulting from the decomposition of organic […]
Patagonia Gold Plc (PGD:AIM) Gold and silver production has commenced at Cap-Oeste mine in the Santa Cruz province, Argentina. The first doré pour was completed 27 October 2016. The production forecast for the project’s 24 month life of mine is estimated to be 82,000 oz AuEq. Ramp-up to full production capacity is complete. To date 100,000 […]
The Board of Schroder European Real Estate Investment Trust has announced the exchange of contracts for the purchase of a EUR30.1 million office property located in Saint Cloud, Paris, reflecting a net initial yield of 9.5%. The asset is fully income producing and comprises part of an established office complex in Saint Cloud, a densely […]
Livermore Investments Group Limited has announced that it has sold its subsidiary Livermore Investments AG, which holds the Wyler Park property located in Bern, Switzerland, for net proceeds of CHF 57.8m on 28 October 2016. LIV : Livermore sells Wyler Park Bern
The Board of JPMorgan Russian Securities says that, with effect from 1st November 2016, the company’s benchmark will be changed to the RTS Index in sterling terms (RTS). The Company’s previous benchmark was the MSCI Russia 10/40 Equity Indices Index in sterling terms. Having consulted with major shareholders, the Board has decided that the RTS […]
Savannah Resources Plc (SAV:AIM) Releases drill results for 19 diamond holes located on Blocks 4 & 5 in the Sultanate of Oman; results from Mahab 4 have returned some of the broadest and highest-grade results at the project to date. Savannah is earning 65% interest in Al Thuraya LLC, the owner of Block 4 and is a […]
Wolf Minerals reports progress in ramping up to full production at its Drakelands tungsten/tin open-pit mine. In the September quarter, the plant processed a record 505,414t of ore to produce almost 30,000t of concentrate, also a record. The Drakelands mine, which commenced production in September 2015, has struggled to reach planned production rates owing to […]
Centamin Plc (CEY:LSE) (CEE:TSX) Centamin reported Q3 production of 148,674 oz Au, a 6% increase over Q2 2016 and 41% higher than Q3 2015. AISC US$644/oz Au. Ongoing optimisation of the process plant resulted in a recoveries of 89.7% up 0.2% from Q2 2016. Full year production is expected towards the upper end of guidance, 520koz […]
A number of investment trusts have seen their premium/discount levels change significantly since June this year, making them less expensive relative to their NAV, according to investment company analysts at QuotedData. click here to read more…
Coal of Africa Limited (CZA.L) Significant progress has been made in the identification of possible cash generating assets. Management is in discussions with current shareholders and potential investors to ensure any possible acquisition can be appropriately funded. Net cash for quarter ended September 30th, 2016 was US$11.9m. David Brown the CEO commented: “The increase in thermal […]
CQS New City High Yield Fund says its net asset value total return was 1.0% for the year ended 30 June 2016. The share price total return for the same period was 4.7% and the premium increased to 3.5%. The fund’s earnings per share were 4.50 pence for the year, essentially unchanged from the 4.51 pence earned the previous […]
Over the year to the end of June 2016, VinaCapital Vietnam Opportunity Fund beat its benchmark, the VN Index, by over 10%. The fund’s NAV returned 15.3% in US dollar terms against 4.3% for the index. Listed equities were 47.9% of the portfolio at 30 June 2016, down from 52.4% the previous year. this part of […]
Would you turn to one of the specialist investment trust sectors if it could pay you an income of more than 6 per cent? Given the increasing scarcity of high income-generating assets, investors have grown used to ‘paying up’ for yield by buying into investment trust shares for more than their intrinsic value. read more […]
Terra Capital has won its battle with the Macau tax authorities. Following the sale of the AIA tower, the Fund sought to be allowed to deduct the accumulated, but not applied, depreciation from the selling price, thereby reducing the taxes due by about $1.9 million USD. Terra Capital won the initial court case but the Macau […]
Golden Prospect Precious Metal’s interim results, covering the six months ended 30 June, reflect the strength of the gold price and the weakness of the pound during that period. The NAV rose by 130% over the year. This performance is ahead of comparable indices and in line with the GDXJ ETF. The manager says that […]
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