Over the year ended 30 June 2016, the sterling return of the MSCI All Countries World Index was 13.3% JPMorgan Global Growth & Income’s total return on net assets was lower than the benchmark, at 8.2%. There was a sharp widening of the discount from 6.9% at the start of the year to 14.4%, notwithstanding an active policy […]
During the six months to 30 June 2016, Schroder Asian Total Return produced a net asset value total return of 15.8%, outperforming both the MSCI AC Asia Pacific ex-Japan Index, which produced a total return of 12.9%, and the peer group average NAV total return of 14.5%. If this level of performance continues, a performance fee will […]
Mercantile’s net asset value total return in the six months to 31st July 2016 was -1.0%, compared to a return of +5.7% from its benchmark index, the FTSE All-Share, excluding FTSE 100 constituents and investment trusts. The share price return was -4.0%. A second interim dividend of 10.25 pence per share has been declared. Together with the […]
Jupiter UK Growth has published its first set of accounts since its transformation into a UK focused trust covering the year ended 30 June 2016. The new strategy began to be implemented immediately following the general meeting of shareholders on 18 April and most of the changes in the company’s investment portfolio were accomplished by […]
Globalworth Real Estate Investments has announced its interim results for the six months ended 30 June 2016. The investment manager says that, during the first half of 2016, they focused on organically growing the Company, mainly by concentrating their efforts on the company’s development programme, optimising the capital structure and improving the occupancy of the […]
Reconstruction Capital II has announced that its 25.4% stake in publicly quoted Romanian dairy company, Albalact, have been acquired by Lactalis at a price of RON 0.5252 per share (the company’s stake comprised 166,100,478 shares). The acquisition follows a voluntary public offer by Lactalis for Albalact SA previously announced on 5 August 2016. As a […]
Strategic Equity Capital, managed by Stuart Widdowson (pictured), has announced its annual results for the year ended 30 June 2016. During the period, the company provided an NAV total return of -8.7% and a share price total return of -22.4%. In comparison, the FTSE Small Cap Index declined by 3.7%. Richard Hills, the trust’s chairman, says […]
City of London Investment Trust reports that, in a flat year for equity returns its net asset value total return was 3.1%, ahead of each of the average for the AIC UK Equity Income sector, the UK Equity Income OEIC sector and the FTSE All-Share Index (by 0.8%, 4.8% and 0.9% respectively). The FTSE 100 Index […]
Jupiter European Opportunities’ results for the year ended 31 May 2016 have been published. The total return on the net asset value per share was 0.8 per cent. during the twelve months under review, which compares with a fall of 3.7 per cent. in the Company’s benchmark, the FTSE World Europe ex UK Index during […]
JZ Capital Partners Limited, alongside its long-term real estate partner, RedSky Capital, LLC, has acquired 2700 NW 2nd Avenue, a new property in the Wynwood neighbourhood of Miami, Florida. The purchase price was $30.8 million, of which JZCP provided $12.9 million. JZCP and RedSky plan to develop two Class-A buildings with ground floor retail, several […]
Regional REIT Limited has announced its results for the six months ended 30 June 2016. Financial Highlights for the half year to 30 June 2016: (unaudited) Gross value of property assets up 1.8% like-for-like, to GBP501.3m (31 Dec 2015: GBP403.7m). Acquisitions of GBP128.1m were successfully completed, including 2 major portfolios; Wing with a net initial […]
For the financial year ended 30 June 2016, Pantheon International’s net assets stood at just under GBP1.2bn and it recorded an increase of 22.3% in NAV per share. The ordinary share price increased from 1,272.0p to 1,285.0p, an increase of 1%. The discount widened from 17% to 31%. The redeemable share price decreased from 1,285.0p to […]
UIL achieved a NAV total return per ordinary share of 47.1% over the year to 30 June 2016, outperforming the FTSE All Share Total Return Index by an impressive 44.9%. The Board maintained total dividends at 7.50p per share which represents a yield on the closing share price of 130.75p of 5.7%. Looking forward the […]
Baillie Gifford Shin Nippon’s net asset value per share rose by 29.5% over the six months ended 31 July 2016 compared to a 23.0% rise in the MSCI Japan Small Cap Index. The share price increased by 31.6%. They say there was a noticeable investor rotation towards undervalued real estate related names. Beneficiaries of this […]
Aberdeen Asian Smaller Companies’ Board has reported that an amendment to the management fee has been agreed with Aberdeen Fund Managers Limited that is effective from 1 August 2016. From that date the Manager is entitled to a management fee payable monthly in arrears based on an annual amount of 1.0% (previously 1.2%) of the average […]
In this instance we have reproduced the text of the announcement in full: Allocation of Assets and Reclassification of Shares Summary The net asset value of Ecofin Water & Power Opportunities plc (the “Company” or “EWPO”) was 158.02p per EWPO Share on the Calculation Date, comprising 135.5442p in respect of the liquid assets to form […]
Real Estate Investors has announced its interim results for the six months to 30 June 2016. The company says that the period has seen record rental income, portfolio and dividend growth although the company’s EPRA NAV per share fell by 2.2% to 63.5p (31 December 2015: 64.5p). At the end of the period the company’s […]
Oakley Capital Investments Limited (OCL) has announced its interim results for the six months ended 30 June 2016. During the period, the company’s NAV increased by 7.5% to £2.15 per share. The company says that 15p uplift in NAV per share is attributable to the strong performance of the underlying Funds and favourable exchange rate […]
HgCapital, the Manager of HgCapital Trust, has announced that it has agreed the sale of Personal & Informatik AG (P&I), a provider of payroll and strategic HR software headquartered in Germany, to a company backed by funds of Permira. HgCapital say that the sale of P&I represents the first exit from the HgCapital 7 Fund […]
SVG Capital reports a 12% increase in NAV per share to 735p for the six months to 31 July 2016. Excluding the currency benefit on the investment portfolio, the NAV growth was 6%. During the period they committed GBP273 million to three new fund investments. They introduced two new managers to the portfolio (L Catterton and IK Investment Partners) […]
Electra Partners has announced the successful initial public offering (“IPO”) of its portfolio company Hollywood Bowl Group, the UK’s largest ten-pin bowling operator. Upon admission of its shares to the Main Market of the London Stock Exchange on 21 September 2016, Hollywood Bowl will have a market capitalisation of GBP240 million. Based on the offer price, […]
GCP Student Living reports that its EPRA NAV per ordinary share increased by 9%, from 125.51 pence to 136.93 pence as at 30 June 2016. Total operating profit (including valuation gains) was GBP39.3 million (GBP 12.2 million excluding valuation gains). Earnings per share fell from 28.46p to 15.48p and EPRA EPS for the group fell […]
New Star Investment Trust’s total return was 12.06% for the year to 30th June 2016. This took the year-end NAV to 125.70p. Unfortunately the discount widened and the share price rose by just 3.4%. By comparison, the Investment Association’s Mixed Investment 40-85% Shares index gained 2.20%. Equity markets generated positive returns, with overseas performance enhanced in sterling […]
North Atlantic Smaller Companies reports that for the six month period to 31 July 2016, the fully diluted adjusted net asset value (with Oryx under the equity method of accounting) rose by +3.0% as compared to a rise in the sterling adjusted Standard & Poor’s 500 Composite Index of +20.6% and the FTSE Small Cap […]
Infrastructure India plc has announced that on 14 September 2016 it entered into a revised and restated management and valuation and portfolio services agreement with Franklin Park Management, LLC, its existing asset manager, to effect a reduction in annual cash fees payable by IIP to the asset manager. The other terms of the new management agreement […]
Ranger Direct Lending has reported interim results covering the first half of 2016. The proceeds of the initial public offering (IPO) on 1 May 2015 and December’s secondary issue of Ordinary Shares were all substantially deployed by the end of 2015, so Ranger began 2016 with all of its assets committed to Debt Instruments, less […]
India Capital Growth reports that, despite Indian markets enduring a shaky start to the year in lockstep with equity volatility globally, its portfolio performance has remained robust, with the net asset value per share rising 17.2%, as compared with the notional benchmark’s performance of 14.9% over the six months ended 30 June 2016. the 17.2% return […]
Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.
Due to data protection policies, USA residents can not access our data.
Your content has been curated
