JZ Capital Partners Limited has closed an investment in Pacific Medical LLC, its fourth investment through the Jordan Health Products platform since 2015. JZCP invested $4.2 million in the transaction. Founded in 2005, and based in San Juan Capistrano, California, Pacific Medical repairs, services and sells new and refurbished medical equipment, specialising in patient monitoring devices and […]
Riverstone Holdings LLC, the Manager of Riverstone Energy Limited, has announced that it has agreed to the sale of 100% of the membership interests in Rock Oil Holdings LLC, a Denver- and Houston-based oil and gas company focused on the Permian Basin, to SM Energy Company (NYSE: SM), a US-based E&P company. Rock Oil was […]
Over the first half of 2016 European Assets’ portfolio had, what the chairman describes as a “torrid” time. he says progress was made on the economic front but political risk ultimately dominated the market, especially after the British decision to exit the European Union. The NAV, in sterling total return terms, fell by -4.0% against a Euromoney Smaller European Companies (ex […]
Over the first half of 2016, Kennedy Wilson European Real Estate’s adjusted NAV rose by 5.1% to 1233.8p. Adjusted earnings per share were up 17% to 26.8p. The first half dividend is 24p – they are paying quarterly dividends of 12p. The GBP3,063.2 million property portfolio comprises 268 directly owned assets with a total area […]
Woodford Patient Capital says its portfolio declined in value by 10.8 per cent over the first half of 2016 and the company’s shares ended the period at a modest discount of 3.1 per cent. Two new non-executive directors have been brought onto the Board following consultation with shareholders. The new non-executive directors have specific investment trust experience. […]
JZ Capital Partners, alongside its long-term real estate partner, RedSky Capital and The Clark Estates, has acquired Esperante Corporate Centre, a landmark office building in West Palm Beach, Florida. Located at 222 Lakeview Avenue in downtown West Palm Beach, Esperante sits at the gateway to the island of Palm Beach, providing tenants with easy access […]
Premier Energy & Water’s results for the six months t the end of June 2016 show that its portfolio recorded a total return including income received of 10.1%. This was below the FTSE All-World Utilities Index which delivered a total return in sterling of 27.1%. Unlike the fund, the global utilities index has a high weighting […]
Custodian REIT has acquired a 105,757 sq ft distribution unit on Winsford Industrial Estate, located 10 miles from junctions 18 and 19 of the M6. Nearby occupiers include Henkel, Iveco and Jiffy Packaging. The unit is let to H&M Hennes and Mauritz UK Limited on a lease expiring on 23 June 2025. Current passing rent […]
Atlantis Japan underperformed the TOPIX Index over the year to the end of April 2016, returning -6.4% against -4.6% for the Index in US dollar terms (-1% vs +1% in sterling terms). The statement says performance relative to TOPIX was negatively affected by the maintenance of net gearing during most of the year and the concentration […]
The Board of Tritax Big Box REIT plc has announced that it has agreed a new long-term, interest only, fixed rate term loan facility of GBP72 million with Canada Life Investments, secured against a portfolio of three standing assets. The Facility, which will be drawn in full immediately, is repayable on 30 April 2029 and has a […]
The chairman of JPMorgan Claverhouse says its performance in the first half of the year has been disappointing after several years of very good returns. The net asset value total return of -2.0% for the six months to 30th June 2016, compared with the return from the benchmark, the FTSE All-Share Index, of +4.3% over […]
Impax Environmental Markets had a great start to 2016. Over the six months ended 30 June 2016, the NAV achieved a total return of 19.4% and ended the period at 211.12p. The share price total return was 16.0%. They say that approximately half of their absolute performance was attributable to investment returns and half to the decline of […]
Fidelity European Values says that, during the six months ended 30 June 2016, its NAV total return was 7.6% compared to a total return of 4.8% for the FTSE World Europe (ex UK) Index which is the Company’s Benchmark Index. The share price total return was -3.8%, which is behind the NAV total return as a consequence […]
Fundsmith Emerging Equities says that, during the first half of its financial year, the net asset value grew by 11.6% all of which occurred in the final week of the period. The market value of the company’s shares increased by 6.2% over the period and, at the period end, the shares stood at a 2.1% discount to the NAV […]
Fresnillo plc, the world’s largest silver miner, reported attributable profit of US$167.0 million (US$0.227/share) for the six months ended 30 June 2016, 118% higher than the corresponding period of 2015. However, after adjusting profit for a revaluation of Silverstream contract sales, net profit was US$90.1 million (2015: US$76.5 million). ,Total revenue increased by 17% to […]
JZ Capital Partners has announced an agreement to sell its equity interest in Fidor Bank AG to Groupe BPCE, the second largest banking group in France. JZ Capital Partners first invested in Fidor in August 2013 through its EuroMicrocap Fund 2010, L.P. and has since worked with the senior management team, including Matthias Kröner, CEO, and Wolfgang Strobel, […]
The Board of Tritax Big Box REIT has announced that it has exchanged contracts (conditional on detailed planning consent) to provide forward funding for the development of a new logistics facility and headquarters at Four Ashes, Wolverhampton. The investment price is GBP56.3 million, reflecting a net initial yield of 5.14% (net of land acquisition costs). The […]
HgCapital, the Manager of HgCapital Trust has announced that it has agreed the sale of NetNames, a leading provider of global brand protection and internet domain name management services, to CSC, a US-based, leading provider of business administration services to corporations. The terms of the transaction were not disclosed. The Trust will realise cash proceeds of […]
Over the year to 31 May 2016, M&G High Income’s Package Units delivered a negative total return (capital and income reinvested) of 3.8% over the 12 months to 31 May 2016. This was ahead of the FTSE 350 Higher Yield and the FTSE All-Share indices, which registered negative returns of 8.5% and 6.3% respectively. The […]
The Board of BlackRock Income Strategies and the Investment Manager have been considering the company’s investment objective and policy as implemented in February 2015 in the context of the prevailing market conditions and investment outlook post the recent UK Brexit Referendum. The investment objective is, over the medium term (5 to 7 years), to aim […]
LONDON (Alliance News) – Golden Prospect Precious Metals Ltd was the standout winner among listed investments funds in June, according to research from QuotedData, as funds focused on UK investments lost out amid the volatility which followed the UK’s vote to leave the European Union. Read the rest of the article here
Caledonia Mining has updated gold resources at its 49%-owned Blanket mine, in Zimbabwe, after a six-month drilling programme in the deeper areas of the mine. It has upgraded 343 kt from Inferred to Indicated, bringing a total of 48 koz of gold into the higher confidence category, and has added 1.28 Mt of new Inferred […]
European Real Estate Investment Trust has announced that it is to return €20.7m to shareholders by way of a compulsory partial redemption of shares. The capital return, which is equivalent to 115 pence per share, follows the sale of Panrico on 11 August 2016. The company says that the return represents a substantial proportion of […]
Seneca Global Income & Growth Trust has announced that its new discount control mechanism (DCM), which is designed to ensure that the company trades close to net asset value, takes effect from 1 August 2016. The policy is described in more detail in the company’s most recent annual results but, in summary, the company will […]
Intu says its NAV (adjusted and diluted) barely changed (up to 405p from 404p) and like-for-like net rental income increased by 7.5 per cent in the first six months of 2016, reflecting increased occupancy, improving rental levels from new lettings and rent reviews and the benefits of unit reconfigurations. They signed 98 long-term leases (82 in the […]
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