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).
Over the course of 2014 BlueCrest BlueTrend’s net asset value rose by 16.4%. At the end of the year the shares traded on a 3.5% discount. they bought back 30m Sterling shares and got rid of the US dollar share class as investors exited it. The Chairman’s statement says that the strongest performance came in […]
Hg Capital is investing in Eucon which they describe as a leading provider of automotive parts pricing data & services to vehicle and parts manufacturers globally. The business is also a leading provider of highly automated claims management services to insurers in Germany. In the automotive data business, Eucon collects, processes and supplies crucial data […]
BlackRock Greater European’s interim results for the six months ended 28 February 2015 show that, during the six month period, the Company’s undiluted net asset value (NAV) per share returned +8.1%, compared with a return of +6.0% in the FTSE World Europe ex UK Index. At the same time, the discount widened somewhat, with the result […]
The Cayenne Trust’s results for the year ended 31 January 2015 have been published. The company’s net asset value total return and share price total return were both 12.1% for the period. This compares to an 11.6% return on the FTSE All-Share Equity Investments Index. The dividend has been increased from 1.2p to 3.8p. The […]
Fidelity Special Values has announced interim figures covering the six months ended 28 February 2015. Over the period the company’s net asset value total return was 5% – ahead of the 4.1% breturn generated by the FTSE All-Share Index. unfortunately the company’s discount widened from 4.7% to 9.6% and this left the return to shareholders […]
Henderson Far East Income’s performance lagged that of comparable indices a little over the six months to the end of February 2015. The net asset value total return was 3.3% as compared to 3.9% for the FTSE All-World Asia Pacific ex Japan Index and 7.7% for the FTSE All-World Asia Pacific Index. The discount narrowed a […]
JPMorgan Elect interims for the six months ended 28 February 2015 are out. The Managed Growth pool beat its bench mark by 3.2% over the period. The pool generated a return on net assets of 9.7% while their 50:50 FTSE All-Share : FTSE All-World ex UK benchmark returned 6.5%. They declared two quarterly dividends totalling 3.9p […]
Witan Pacific’s net asset value total return was 17.6% over the year to the end of January 2015, just ahead of the 17.1% return on the benchmark (MSCI All Country Asia Pacific Free Index). The share price return was 16.6% as the discount widened from 11.7% to 12.7%. The dividend was increased from 4.45p to […]
Pacific Alliance China Land says its net asset value rose by 5.6% over the course of 2014. The share price rose by 6.5% to finish the year at a 30% discount. $30m worth of shares were bought back and cancelled during 2014. Major portfolio movements included the IPO of Dalian Wanda Commercial Properties which drove […]
Scottish Oriental Smaller Companies’ net asset value returned 4.5% over the six months to the end of February 2015, ahead of the MSCI AC Asia ex Japan Small Cap Index which returned 2.4%. Smaller companies lagged larger ones during the period – the MSCI AC Asia ex Japan Index returned 5.9%. The discount widened a […]
ICG Longbow results for the year ended 31 January 2015 show that the net asset value rose from 98.79p to 99.99p and the company declared dividends totalling 6p per share. The shares were trading at 105p at the year end. As at 31 January 2015 the Group’s loan portfolio had a weighted average unexpired term […]
Hammerson is selling the Drakehouse Retail Park in Sheffield to 90 North Real Estate for £61.7m. The sale price is equivalent to a net initial yield of 6.4% and is ahead of the valuation they had in their books as at 31 December 2014 (though they don’t say by how much). At 21,000 m(2) Drakehouse […]
Oakley Capital has published results for the year ended 31 December 2014 that show the net asset value has barely moved – up from 200p to 201p. Oakley Capital invests through two limited partnerships – Oakley Capital Private Equity and Oakley Capital Private Equity II. The first fund is now fully invested and is returning capital to […]
Middlefield Canadian’s results for 2014 reflect the effect of falling oil prices and subdued commodity prices on the Canadian economy – showing a share price return of 2.5% and a net asset value based return of 0.2% (2.8% on a currency adjusted basis), compared to returns of 2.4% and 1.2% for the Fund’s benchmark and […]
Threadneedle UK Select Trust has published its results for the year ended 31 December 2014. The fund managed to beat the FTSE All-Share Index over the year – generating a return on net assets of 3.5% vs. 1.2% for the benchmark. The dividend was upped from 4.25p to 4.35p. However the discount widened as the […]
Ashmore Global’s accounts for the year ended 31 December 2014 show that the fund has now distributed around 50% of the end 2012 NAV to shareholders – in line with projections the Board made when the company adopted its realisation strategy. The Board now says that around half the remaining NAV will be realised and available […]
UK Commercial Property has announced results for 2014 that show the net asset value rose by 13.5% over the year to hit 83p. Adding in the income as well, the total return on net assets was 19.7% and, as the premium rose slightly, the return to shareholders was 20.4%. The total return on the property […]
International Public Partnerships is buying an extra 40% of the Lewisham Building Schools for the Future project for £14.3m. The Lewisham project comprises four BSF schools located in the South East London borough, including Sedgehill (pictured) and Conisborough Schools; Trinity School; Deptford Green School; and, Bonus Pastor, Pendergast and Drum Beat Schools. They are paying […]
Invista European has announced the sale of its largest asset – Campus Heusenstamm, a collection of offices in Frankfurt, Germany. The sale price is €32m which is 22% less than the valuation of the office in its last published net asset value. €1.9m of the proceeds are being kept back to cover possible taxes and […]
PME Africa is selling its train business to Principle Capital Investments (which some people might remember as it used to have a listed fund). PME Africa is selling 100% of the equity of PME’s wholly owned subsidiary, PME RSACO (Mauritius) Limited, the Group entity which holds the Group’s 50% interest in Sheltam Holdings (Pty) Ltd, […]
Global Fixed Income Realisation’s net asset value fell by 17.3% over the course of 2014. A large part of that related to realised losses on the sale of the fund’s Ukrainian investments. 2% was lost to a fall in the value of Autonomy IID, a Brazilian real estate fund, which suffered in a weak Brazilian […]
Weiss Korea Opportunity results for 2014 have been published. The NAV per Share increased from 108.5p to 120.4p (11.0%) over the year. They compare their performance to the MSCI Korea 25/50 Capped Index, this fell by 5.2% so the fund did very well in 2014. They also paid a dividend of 1.4413p in the year […]
Duet Real Estate Finance results for 2014 are out. The total net asset value return for the year was 5.7% and the shareholder return was 9%. They paid 6.2p in dividends during the year and declared 5.2p worth of dividends for the 2014 accounting year as a whole (part of the 6.2p related to 2013 and […]
Dexion Absolute has published its 2014 accounts. The share prices of the various share classes did much better than the net asset values – the Sterling shares were up 11.8% and 2.8% in share price and NAV terms, Euro shares 10.5% and 2.7% and US dollar shares 16% and 2.8%. 97.1% of the portfolio is […]
Invesco Perpetual UK Smaller’s results for the year ended 31 January 2015 show the fund generating a net asset value return of 2.2%. The Numis Smaller Companies Index (excluding Investment Companies), fell by 2.6%. The share price rose from 316.8p to 328.3p per share, an increase of 3.6%, and the discount narrowed from 13.9% to 11.3%. […]
Henderson International Income’s net asset value returned 9.6% over the six months to the end of February 2015 while the MSCI World (ex UK) Index returned 10.7%. The company’s share price did much better however, returning 18.7%. They have declared two dividends of 1.1p each for the period and say they aim to maintain the same level […]
International Oil & Gas is in the process of trying to sell Strata Energy Services. in an announcement today, the company says the sales process is ongoing but firm indications of pricing are unlikely to be available by 30 April (the deadline for the publication of International Oil & Gas’s accounts for the year ended […]
NB Global Floating Rate Income’s accounts for 2014, published today, show a fall in its net asset value – from 100.18p to 97.7p for the Sterling shares (which make up the bulk of the fund although US dollar assets dominate the porttfolio) and from $1.0102 to $0.9862 for the US dollar shares. The total NAV […]
Taliesin Property Fund’s net asset value rose by 19.4% in 2014 (18.2% on an EPRA basis). The property portfolio was valued at an average of €1,760 per square metre at the end of the year, up 15% on the valuation at the end of 2013. The shares have been trading at a premium to asset […]
Over the year to the end of December 2015 Baker Steel Resources net asset value fell by 27.6% – somewhat more than comparative indices such as the Euromoney Global Mining 100 Index which fell by 15.4% and the FTSE Gold Mines Index which fell by 9.8% over the same period. The statement says that some of […]
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