Account
Sign Up Login Investor Type
Menu

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).

11 Sep 2015

Murray Income says large cap. and yield bias caused underperformance

Murray Income underperformed over the year to the end of June 2015 delivering a negative 2.2% return on net assets compared to a positive 2.6% return on its benchmark, the FTSE All-Share Index. The fund’s discount widened as well leaving shareholders with a 5.7% loss for the year. The dividend was increased from 31.25p to […]

Sectors
11 Sep 2015

Ruffer’s index-linked and Japanese exposure benefit investors

Ruffer has published its annual report for the year ended 30 June 2015. Over the year the total return on net assets was 7.8%. The dividend was maintained at 3.4p per share. the shares moved from trading on a discount of 1.8% to a premium of 1.9% and so the return to shareholders was 11.9%. […]

Sectors
11 Sep 2015

Empiric buys in Newcastle and Glasgow

In Newcastle Empiric Student Property will acquire on practical completion the freehold of a turnkey student accommodation and retail scheme, Metrovick House (pictured), in central Newcastle for £7.4m (excluding costs). The property, which is the Group’s second acquisition in Newcastle, is located in the city centre with excellent transport links and is walking distance from the City’s […]

Sectors
11 Sep 2015

Public Service Properties in talks to sell remaining assets

Public Service Properties has reported its interim results for the six months ended 30 June 2015. The NAV at 30 June 2015 was 49.1p. In March 2015 the Company completed the disposal of its investment in the UK healthcare sector with the sale of companies, businesses and assets at a gross sale value of approximately £34.5m […]

Sectors
11 Sep 2015

North Atlantic Smaller more than 10% ahead of UK market

North Atlantic Smaller Companies generated an 11.8% return on net assets for the six months ended 31 July 2015, well ahead of the return on comparable indices such as the S&P 500 which returned 1.7%, the Russell 2000 which returned 2.5% or the FTSE All-Share which returned 0.9%. The share price appreciated by 10.7%. The […]

Sectors
Companies
10 Sep 2015

Pacific Horizon caught by Chinese market falls

Pacific Horizon has published results for the year ended 31 July 2015. Over the year the fund delivered an NAV return of -1.6% a bit behind the MSCI All Country Asia ex Japan Index which decreased by 0.9%. shareholders did better however as the share price increased by 2.2% and the discount narrowed from 11.5% […]

Sectors
10 Sep 2015

CatCo sale of manager

CatCo Reinsurance Opportunities has announced that its investment manager, CATCo Investment Management Ltd. has agreed to sell substantially all its assets to Markel Corporation, a U.S. based diverse financial holding company whose principal business markets and underwrites specialty insurance products. Listed on the New York Stock Exchange, Markel has a market capitalisation of approximately $11.5 […]

10 Sep 2015

Pacific Alliance China Land sells Shanghai plot

Pacific Alliance China Land Limited says it has completed the listing and auction process with the Shanghai United Asset and Equity Exchange to sell its minority stake in a large parcel of land in Shanghai which is near to the future Disneyland location.  The sale is expected to close by the end of September 2015, at […]

Sectors
08 Sep 2015

Crystal Amber underperforms, not helped by derivative losses

Crystal Amber has published results for the year ended 30 June 2015. Over the year its NAV rose by 4.6% to 168.26 pence. The dividend increased tenfold from 0.5p to 5p. The total return per share for the year was 5% which compares unfavourably to the FTSE 250 total return of 14.5% and FTSE Small Cap total return of […]

Sectors
Companies
08 Sep 2015

Empiric Student property expands in Exeter

Empiric Student Property is expanding in Exeter with the acquisition, subject to planning, of a site on Bonhay Road, Exeter, for a price of £2.5m.  The site is to be developed into a 139 bed new-build premium student accommodation scheme and a forward funding development agreement is expected to be entered into shortly. The Group […]

Sectors
08 Sep 2015

Cambria Africa publishes results, trading restored

Cambria Africa has published results for the year ended 31 August 2014 and interims or the six months ended 28 February 2015 and consequently has successfully applied for a restoration of trading in its shares. Key events for the 2014 financial year were: On 8 May 2014, the Company disposed of the Southerton property, which […]

Sectors
08 Sep 2015

Baillie Gifford Shin Nippon reports impressive results

Baillie Gifford Shin Nippon has published results for the six months ended 31 July 2015. It was a great period for shareholders in the fund as the net asset value per share (after deducting borrowings at fair value) rose by 17.0% compared to a 6.1% rise in the MSCI Japan Small Cap Index and the share […]

Sectors
07 Sep 2015

Trading Emissions wins court case

Trading Emissions has announced that the arbitration tribunal found in favour of Trading Emissions and the €9m claim brought by Yunnan Dianneng (Group) Holding Co. Ltd has been dismissed in its entirety. The tribunal also awarded TEP reimbursement of both HK$2,750,000 (approximately €320,000) of its direct costs and the sums TEP had paid as a deposit […]

07 Sep 2015

Cambria Africa Settlement with Lonrho Limited

Further to the legal proceedings between the Company and Lonrho Limited, Cambria Africa announces it has concluded a settlement agreement with Lonrho with respect to the claims and counterclaims between the parties, in terms of which, Cambria will receive $4,752,000 in full and final settlement of the Claims. After outstanding litigation and other associated costs, […]

Sectors
07 Sep 2015

Kuala Innovations makes first investment

Kuala Innovations Limited has announced the acquisition of a 4.9% interest in the issued shares of UK incorporated private company The Diabetic Boot Company Limited. In aggregate, Kuala has acquired 25,978 ordinary shares of The Diabetic Boot Company at a price of £13.37 per share, for total consideration of £347,324, valuing the whole company at £7.05m. Regent […]

07 Sep 2015

SEGRO selling Slough office portfolio

SEGRO  has announced that it has appointed CBRE to explore a potential sale of its portfolio of offices on the Bath Road in Slough. The portfolio contains 972,300 sq ft of office properties leased to companies spanning blue-chip, national and international businesses, and one building currently being developed on a speculative basis. The portfolio generates […]

07 Sep 2015

Tritax in pre-let development for Howden Joinery

Tritax Big Box REIT  has announced that it has exchanged conditional contracts to acquire the land and provide forward funding for the development of a new distribution warehouse facility, pre-let in its entirety to Howden Joinery Group Plc, the parent group of the UK’s leading supplier of kitchens and joinery. The investment price is £67m, […]

07 Sep 2015

GCP Student Living adds to management team

GCP Student Living is expanding its management team with the appointment of Nick Barker, former Head of Alternatives, Property at Schroder Property Investment Management.  Previous to this he was Assistant fund manager for Schroder UK Property Fund (SPF), based in London.  He joined Schroders in September 2007 following 3 years with Cushman & Wakefield Investors, […]

07 Sep 2015

Ludgate Environmental NAV hit by EcoPlastics write off

Ludgate Environmental has published results for the year ended 30 June 2015. Its net asset value fell from 66.5p to 60.6p over the period. At an EGM on 1st September 2014 shareholders voted to extend the life of LEF to 30th June 2018 with the expectation that the portfolio would be mostly sold by mid […]

04 Sep 2015

Ediston buys three leisure properties

Ediston Property Investment Company has acquired three leisure properties for £10m (net of acquisition costs), reflecting a net initial yield of 8.60%.  The acquisition was funded from existing cash resources. The properties comprise two units in Liverpool and Hartlepool, which are let to Mecca Bingo, and a third unit in Telford, part of the Southwater […]

04 Sep 2015

Weiss Korea reports outperformance in H1

Weiss Korea reports an increase in its NAV from 120.4p to 125.27p over the first half of 2015. Including dividends, the Company’s NAV increased by 5.4%, outperforming the reference MSCI Korea 25/50 Capped Index, which returned -0.03%. They paid a dividend of 1.858p during the period. There is no performance attribution information in the announcement. […]

Sectors
04 Sep 2015

JZ Capital in dilutive share issue

JZ Capital has announced  an open offer and placing to raise $150m and a rollover offer of new 2022 ZDPs to replace their existing 2016 ZDPs. The new share capital is being issued on a 9 new shares for every 25 held basis at 419.19p, a 39.7% discount. If shareholders don’t take up shares under the […]

Geographies
  • North America
  • Europe (EU and EEA ex UK)
  • UK
Sectors
04 Sep 2015

Vinaland sells HAS project

Vinaland has sold its stake in the company that owns the HAS Project located in the central region of Quang Nam Province, Vietnam to Gold Yield Enterprises Limited, an entity of Chow Tai Fook, who will inject both equity and expertise into developing and operating the large scale hospitality and entertainment development. Since Genting’s withdrawal […]

Sectors
02 Sep 2015

CEB Resources makes Tuba Obi concession agreement

CEB Resources has announced that it has agreed with PT Akar Golindo (PTAG) to assess the technical and commercial opportunities for monetising gas in and around the Tuba Obi East oil and gas concession in the South Sumatran Basin. Under the terms of the agreement CEB and PTAG will undertake a technical evaluation of the gas […]

02 Sep 2015

JZ Capital commits €75m to its new EuroMicrocap fund

JZ Capital Partners says it has committed €75m to JZI Fund III, the successor fund to its EuroMicrocap 2010 fund. In total the new fund raised €237m, €25m of which came from David Zalaznick and Jay Jordan, along with the European management team. JZI Fund III will invest principally in lower middle market companies in Western Europe, focusing on […]

Geographies
  • North America
  • Europe (EU and EEA ex UK)
  • UK
Sectors
02 Sep 2015

INPP consortium wins Victorian schools project

International Public Partnerships (INPP) says a consortium that it is a member of has won the right to design, build, finance and maintain 15 schools across 12 sites in Victoria, Australia. The Learning Communities Victoria Consortium is sponsored by Amber Infrastructure and other consortium members include:  Watpac Construction: Design-Builder; Spotless: Facilities Manager. Spotless also provides facilities management services […]

01 Sep 2015

Standard Life UK Smallers – ‘steady if unspectacular out-performance’

Standard Life UK Smaller Companies Trust, managed by Harry Nimmo (pictured), has announced its results for the year ended 30 June 2015 during which, the Company’s diluted net asset value total return was 14.2%, beating a total return of 10.4% for the Company’s benchmark. The manager describes the year as being characterised by steady if […]

Sectors
Companies
01 Sep 2015

Sequoia to raise up to £200m through a c-share issue

Sequoia Economic Infrastructure Income Fund  has confirmed its intention to raise up to £200m in new capital through a c-share issue. The issue is expected to complete in or around late October 2015 and further details of the transaction, including the availability of a pre-emptive offer in respect of a significant part of the fund […]

Geographies
  • UK
  • Europe (EU and EEA ex UK)
  • Australia and New Zealand
01 Sep 2015

Picton Acquires 180 West George Street Glasgow

Picton Property Income has announced the acquisition of 180 West George Street, a multi-let office investment in Glasgow (pictured), for £14.25m. The acquisition reflects a net initial yield of 7.8%. The property, which was constructed in 2000, provides 52,100 sq ft of office accommodation over basement, ground and six upper floors and is located in the heart […]

More News

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.

You live in…

You are a…