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Investment Companies News

Investment companies are companies set up to make investments on behalf of their shareholders (also called closed-end funds and, in specific circumstances, investment trusts).

07 Dec 2015

Seneca Global Income & Growth outperforms indices and competitors

Seneca Global Income & Growth reports an NAV total return of -1.3% for the six months ended 31 October 2015. This is below the return on its benchmark of 1.8%. However SIGT has outperformed most indices and its competitors. On a capital only basis Seneca Global Income & Growth reported a 3.2% fall in NAV as compared to a 7.3% fall […]

Sectors
07 Dec 2015

Majedie Asset Management does wonders for Majedie

Majedie Investments generated a 12.9% return on net assets for the year ended 30 September 2015 and a return to shareholders of 15.7%. The dividend was increased from 7.5p to 8p. This was the first full year of the Company’s assets being managed by Majedie Asset Management and they did a pretty good job – over […]

Sectors
07 Dec 2015

Blue Capital Global Reinsurance cuts target return

Blue Capital Global Reinsurance Fund is proposing to revise its investment policy and modify its performance fees. They want to do this in advance of the January 2016 reinsurance cycle. they also feel it is appropriate to reduce the company’s target return. The key changes proposed to the investment policy are as follows: the formal adoption of investment guidelines and […]

04 Dec 2015

Small Companies Dividend Trust convincingly beats benchmark in H1

Small Companies Dividend Trust has announced its interim results for the six-months ended 31 October 2015. During the period, the NAV per ordinary share rose 11.6% beating the MSCI Small Cap Index, which fell 2.02%. The ordinary share price increased by 17.1% during the period and the discount narrowed from 16.99% to 12.90%. A second […]

Sectors
Companies
04 Dec 2015

CEB Resources changes name to Andalas Energy and Power

CEB Resources Plc has announced that it has changed its name to Andalas Energy and Power Plc. The company, which is listed on AIM, was previously focused on invest in and/or acquire companies and/or projects within the natural resources and/or energy sector with potential for growth (The geographical focus was primarily Australia). Going forward, it […]

04 Dec 2015

Aseana Properties says lenders are holding up capital distributions

Aseana Properties says lenders are holding up capital distributions Aseana Properties has released an update on their progress towards making a first capital repayment to shareholders. The intention had been to make a first return of capital of US$10m to shareholders as of the end of September 2015 and to then make further returns of capital […]

Sectors
03 Dec 2015

BlackRock Income Strategies reflects on a year of change

BlackRock Income Strategies has announced its final results for the year ended 30 September 2015. The period was one that a saw a number of key developments for the trust. A new multi-strategy investment policy was adopted, investment management responsibility was moved from F&C to BlackRock, a nil discount policy was adopted, a tender mechanism […]

Sectors
03 Dec 2015

Woodford Patient Capital’s Purplebricks to list on AIM

Online estate agency, Purplebricks, has announced that it has conditionally raised £58.1m before expenses from an institutional placing for its upcoming float on AIM. The company, which is expected to list on 17 December, is expected to have an opening market capitalisation of £240.3m. Woodford Patient Capital Trust, managed by Neil Woodford (pictured) has an investment […]

Sectors
03 Dec 2015

CVC Credit Partners European Opportunities announces placing

CVC Credit Partners European Opportunities has announced that it intends to place up to 20 million Euro ordinary shares, currently held in treasury, at a price of between 0.25 % and 1.00 % premium to the Company’s NAV per share. The Placing will be based on the NAV of the Company as at 30 November […]

03 Dec 2015

John Laing Environmental Assets buys Burton Wold Extension

John Laing Environmental Assets has announced that it has purchased the Burton Wold Extension Wind Farm from John Laing Group plc for a cash consideration, including working capital, of £21.8m. The wind farm is located near Burton Latimer in Northamptonshire and comprises nine General Electric 1.6MW-100 turbines with a total generating capacity of 14.4MW. The […]

03 Dec 2015

Qannas completes tender offer

Qannas Investments Limited has announced the results of its tender offer to purchase up to 8,414,968 ordinary shares at a tender price of US$0.95 per ordinary share (approximately US$7.99 million in total). The Company says that that a total of 8,414,968 Ordinary Shares have been tendered and that tenders for up to 10.77% of shareholders’ […]

Geographies
  • Asia
  • Europe (EU and EEA ex UK)
  • UK
02 Dec 2015

Better Capital Disposes of Santia with net proceeds of C £40m

Better Capital PCC has announced that its 2009 Fund (BECAP Fund LP) has disposed of its interests in Santia Holdco Limited, together with its wider trading group, Santia. Santia is a provider of health & safety and accreditation services, which was acquired on 1 February 2011 from the administrators of Connaught plc. Santia was sold […]

02 Dec 2015

Bluefield Solar Income raises £31.62m of new capital

Bluefield Solar Income Fund has announced that, following its placing and offer for subscription, it has received commitments for 30,098,639 new ordinary shares under the placing and 901,361 new ordinary shares under the offer for subscription. As such, 31.0m new ordinary shares are to be issued at a price of 102p per share, raising gross […]

02 Dec 2015

Monks mild outperformance driven by a diverse range of stocks

Monks Investment Trust has announced its interim results for the six months ended 31 October 2015. Over the period, the company’s NAV lost 3.5% in total return terms, modestly outperforming the FTSE World Index which lost 4.3% (all in sterling terms). Reflecting a modest widening of the discount during the period, the share price total […]

Sectors
02 Dec 2015

Renewable Energy Generation’s board recommends liquidation at 60p

Renewable Energy Generation has provided an update on the proposed sale of the Group’s Business to a fund managed by BlackRock, which values the company’s equity, before exit costs, at £64.5m. The board is recommending that shareholders approve the proposals related to the transaction and an EGM is being convened on 18 December 2015. If […]

02 Dec 2015

Standard life UK Smallers – changes to DCM and fee arrangements

Standard Life UK Smaller Companies Trust, managed by Harry Nimmo (pictured), has announced some changes to its managaement fee and discount control policy. The company has agreed with the investment manager that, with effect from 1 January 2016, a tiered management fee will be introduced with the current fee of 0.85% continuing to apply to […]

Sectors
01 Dec 2015

BlueCrest All Blue looks set to wind up

BlueCrest Capital Management has announced that they intend to return all external money to investors and just manage their own. The implication of this is that BlueCrest AllBlue will follow BlueCrest BlueTrend into liquidation. The full text of their announcement is given below: The Company has today received a notification from BlueCrest Capital Management Limited […]

01 Dec 2015

Amedeo Air Four buys another A380

As anticipated in Amedeo Air Four’s Prospectus from April 2015, Amedeo Air Four Plus Limited, via its wholly-owned subsidiary AA4P Delta Limited, has bought, directly from Airbus, one A380 aircraft bearing manufacturer’s serial number 201. The deal was completed on 30 November at a net cost to the company of $275,000,000.  In accordance with the investment […]

30 Nov 2015

SVM UK Emerging outperforms

Over the six months ended 30 September 2015, SVM UK Emerging delivered a total return of 6.0%, outperforming the IA UK All Companies sector average (its benchmark) which returned -5.0%. the return to shareholders was 2.5%. The statement says there were positive contributions over the period from retailers, Supergroup and Ted Baker.  Marketing group, Four […]

Sectors
Companies
30 Nov 2015

Keystone profits from tobacco exposure

Keystone Investment Trust has published its accounts for the year ended 30 September 2015. On a total return basis (i.e. including income), the FTSE All-Share Index returned -2.3% over the year. Keystone however managed a return on net assets of 6.4% and a return to shareholders of 7.3%. The base dividend was increased slightly from […]

Sectors
Companies
30 Nov 2015

Nimrod Sea Assets plans capital return

Nimrod Sea Assets has published interim accounts covering the six months ended 30 September 2015. From 24 March 2014 (the date the Company listed on the SFM) to 30 September 2015, Nimrod Sea Assets invested 54% of available funds. They say the NAV at the end of September was 68.96 cents per share. The Board has […]

30 Nov 2015

Sequoia Economic Infrastructure on track to meet dividend targets

Sequoia Economic Infrastructure Fund has published its first set of figures, covering the period from its incorporation up until the end of September 2015. By the end of September, 82.8% of the initial IPO proceeds had been invested in 24 assets, they had a paid a 1p dividend, the portfolio had a yield to maturity […]

Geographies
  • UK
  • Europe (EU and EEA ex UK)
  • Australia and New Zealand
30 Nov 2015

Hg Capital takes stake in EidosMedia

HgCapital, the Manager of HgCapital Trust plc, has announced it will has taken a majority stake in EidosMedia, a leading global provider of digital publishing solutions. The terms of the transaction were not disclosed. HgCapital Trust plc will invest in EidosMedia, headquartered in Milan, alongside other institutional clients of HgCapital, who will participate through the HgCapital 7 Fund.  […]

30 Nov 2015

Investors Capital reports modest outperformance

Investors Capital half hear results for the period ended 30 September 2015 show an NAV total return of -6.1%, modestly better than the -7.0% return posted by the FTSE All-Share Capped 5% Index. The interim dividend was increased by 2.7% and the plan is to pay dividends totalling 4.6p for the year ended 31 March 2016. […]

Sectors
27 Nov 2015

Invesco Income Growth outperforms in first half

Invesco Income Growth’s interim results for the six months ended 30 September 2015 show the fund outperforming the FTSE All-Share index, returning -3.5% on net assets against -7.2% for the index. The return to shareholders was -5.0%. the first two quarterly dividends total 4.3p, up from 4.2p for the equivalent period last year. Ciaran Mallon’s […]

Sectors
Companies
27 Nov 2015

F&C Capital & Income grows dividend for 22nd consecutive year

F&C Capital and Income Trust, chaired by Steven Bates (pictured), has announced its final results for the 12-months ended 30 September 2015. During the year the company’s NAV and share price total returns were 3.5% and 3.1% respectively, beating the trusts benchmark index, the FTSE All-Share, which fell 2.3%. The dividend has also been increased for […]

Sectors
27 Nov 2015

LMS proposes fourth tender to return up to $40m

LMS Capital has announced its intention to return up to £40m to shareholders through a tender offer and repurchase of up to 29.98% of the ordinary shares of the Company. The proposed tender offer is the fourth made since the approval of the Company’s realisation strategy in November 2011 and will, if approved, bring the […]

27 Nov 2015

Baring Emerging outperforms falling markets

The year to the end of September 2015 was a tough one for emerging European markets. Baring Emerging Europe saw its net asset value fall by 20.5% and its share price fall by 17.6% over this period but this was better than their benchmark index, the MSCI EM Europe 10/40 Index which fell by 23.0%. […]

Sectors
27 Nov 2015

Jupiter Green interims in-line with global small cap index

Jupiter Green’s interim report, covering the six month ended 30 September 2015, shows the fund’s net asset value falling by 10.8% on a total return basis and a share price return of -11.5%. These figures compare to a -10.9% return on the MSCI World Small Cap Index. The manager’s report says “The Company lost ground, […]

Geographies
  • North America
  • UK
  • Japan
  • Europe (EU and EEA ex UK)
27 Nov 2015

Pacific Alliance China Land agrees Wal-Mart deal

Pacific Alliance China Land has announced that its jv partner, China Resources, has agreed with Wal-Mart China Holdings that it will sell Wal-Mart the remainder of its interest in Project Malls for RMB248m (US$38.9m). 50% of the consideration will be released to China Resources from escrow with the state owned exchange within 10 business days after […]

Sectors
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