For the 12 months ended 31 December 2015 the net asset value per share of Impax Environmental Markets achieved a total return of 6.0% and ended the year at 178.6p. During 2015, IEM’s share price total return was 5.8% and it ended the year at 160p. The directors are recommending a dividend for the year ended […]
North American Income Trust’s net asset value per share rose by 3.2% on a total return basis over the year that ended on 31 January 2016. The reference benchmark, the S&P 500, provided a total return of 5.2% in sterling terms and the Russell 1000 Value, which was incorporated as an additional measurement during the […]
BH Macro reports a marginal fall in its Sterling NAV over the year ended 31 December 2015 of just under 1% (0.86%). The statement says stronger performance in the first quarter reflected the more active market conditions prevailing at the start of the year: NAV gains were made from the ECB’s move to quantitative easing while avoiding losses […]
Over the twelve months to 31 December 2015, the Net Asset Value both classes of the shares of BH Global Limited declined modestly over a calendar year for the first time since the company was launched in May 2008. The US Dollar is the functional currency of the company and the NAV per share of the US […]
Alternative Liquidity Fund has published its first set of figures – interims covering the period from incorporation to the end of December 21015. The company’s NAV has declined and is approximately down 13% since it was listed, with 90% of that decline due to currency mark to market. Assets fell from US$143.7m to $124.5m. Since listing the […]
Highcroft Investments reports for the year ended 31 December 2015 its net asset value per share was up 11% to 1026p and its total property income distribution was up 8% to 38.8p per share. Gross property rental income rose 12% to £3,435,000. This growth includes the effect of a full year’s income from the Ash Vale […]
In the six months to 29 February 2016, The Baillie Gifford Japan Trust’s net asset value per share (after deducting borrowings at fair value) increased by 0.1% compared to a 1.0% increase in the TOPIX total return (in sterling terms). In yen terms though the TOPIX was weak, falling around 15% whilst the yen gained […]
Woodford Patient Capital has published its first set of results covering the period from incorporation through its launch in April last year and finishing on 31 December 2015. The net asset value of Woodford Patient Capital Trust ended the period at 97.38p per share (cum income), slightly below the issue price of 100p per share. […]
SVG Capital has announced its results for the year ended 31 December 2015. Net assets per share increased by 11% over the 12 months to 654p with the performance driven by a 9% total return on the investment portfolio and further augmented by accretive share buybacks and tenders. 2015 was a good year for exits […]
Kubera Cross Border Fund has released results for the year ended 31 December 2015. The value of the Fund’s net assets decreased from US$ 56.90 million to US$ 55.33 million during the year. The Fund’s net asset value has remained fairly constant at around US$ 0.50 between 31 December 2014 and 31 December 2015. The Fund’s share […]
Funding Options, one of GLI Finance’s investments, has been recommended by the British Business Bank to go forward for designation by HM Treasury for the Bank Referral Scheme. Announced within HM Treasury Budget 2016, businesses that are rejected for finance by high-street banks will be able to access new options, with the Budget announcing that […]
The Board of Altin has announced that, at the EGM held on Friday, all of the proposals put forward by Alpine Select and its associate were rejected by shareholders. We understand that the vote was quite decisive. As promised, the Altin Board did agree that Thomas Amstutz, one of the directors that Altin put forward, […]
Jupiter Global’s board has decided to seek shareholders’ approval for a change in both the company’s investment strategy and name with effect from the general meeting of shareholders which has been convened for next month. These changes are the subject of a circular which has been posted alongside the Half Year report. This is an important […]
Fundsmith Emerging Equities has published results for the year ended 31 December 2015. The MSCI Emerging and Frontier Markets Index, measured on a net sterling adjusted basis, fell by 10.0% over the year. The Company’s net asset value per share outperformed the benchmark but fell by 7.0% itself (after expenses). The Company’s share price also fell, […]
GLI Alternative Finance announces that GLI Asset Management Limited, its Investment Manager, has changed its name to Amberton Asset Management Limited (“Amberton”). This follows the change in ownership structure of the Investment Manager as disclosed on 16 February 2016. In addition, Amberton is pleased to announce the appointment of Graham Glass as lead manager to the […]
Over the year to the end of January 2016 Baillie Gifford Shin Nippon’s net asset value per share (after deducting borrowings at fair value) rose 25.4%, whilst the comparative index, MSCI Japan Small Cap Index (total return in sterling terms), rose by 10.9% in sterling terms. The share price increased by 39.6%. The manager says, […]
Starwood European Real Estate Finance has published results for the year ended 31 December 2015. The NAV and share price total return in the period were 7.58% and 8.22% respectively. At the year end, the shares were quoted at 107.63 pence per share, being a premium of 7.17% to the net asset value per share of […]
JPMorgan US Smaller Companies has announced its final results for the year ended 31 December 2015. During the period, the company’s NAV increased by 4.0%, which the company says reflects both good stock selection and a rise in the US dollar against sterling. The Company’s share price rose by 6.8% over the year as the […]
Dunedin Enterprise has announces its annual results for the year ended 31 December 2015. During the year the companies NAV total return was flat whilst it share price fell 7.5%; both underperforming the FTSE Small Cap Ex-Investment Trusts Index, which returned 13.0%. At the end of February, the trust announced that, following consultation with the […]
Atlantis Japan Growth Fund has announced that, on 17 March 2016, it received from LIM Asia Multi-Strategy Fund Inc. (a registered holder of more than 10% of the issued share capital), a requisition to convene a general meeting of the company. The company says that the purpose of the requisitioned meeting is to consider a […]
Funding Circle SME Income Fund has announced that, further to the statement made in the its prospectus relating to a possible participation in a financing project with the European Investment Bank, negotiations have reached an advance stage and they say they are working towards a completion of such an arrangement in the second quarter of […]
JPMorgan Global Convertible Income Fund has released its interim results for the half-year ended 31 December 2015. During the period, the company’s NAV total return was -3.4% and the share price total return was -7.8%. The company says that whilst NAV performance was stronger than the broader convertibles market, the concurrence of declines in equity […]
LondonMetric Property has announced that it has acquired three distribution warehouses for £21.8m, totalling 212,600 sq ft and reflecting a net initial yield (“NIY”) of 6.6%, which contractually rises to 6.9% within two years. The warehouses are located in Castle Donington, Royston and Hemel Hempstead and are let to toy retailer Hamleys, Howdens and Goodrich respectively for […]
GLI Finance, headed up by CEO Andy Whelan (pictured), has confirmed that it has now entered entered into a new 1 year loan, for £14.86m, at an interest rate of 8.75%. The company say that it has repaid its existing £30m loan facility with Sancus, which had been incurring an interest rate of 11%. GLI Finance’s Board […]
After the repayment of the Mansion loan, as notified on 8 March 2016, the ICG Longbow has redeployed the proceeds through the completion of a new £22.4m loan to Commercial Regional Space Limited and affiliates on 16 March 2016. The loan has a maturity date of April 2019 and represents 19.96% of the Company’s gross assets […]
John Laing Environmental Assets has announced the acquisition of Pylle Southern Solar Park, near Shepton Mallet in Somerset, for £6.1m (including working capital). The company has also extended its revolving credit facility from £50m to £65m. Commissioning of the solar park was completed in December 2015 and it has a total generating capacity of 4.99MW. […]
India Capital Growth outperformed its benchmark, the S&P BSE Mid Cap Index, over the course of 2015 – generating a return on net assets of 8.6% against a 7.7% return on the index. Unfortunately though the discount widened from 18.7% to 24.4% and so the share price was up 1%. With the exception of Financials, […]
Henderson High Income generated an NAV return of 7.6% over the year ended 31 December 2015 while its benchmark, 80% of the FTSE All-Share Index (total return) and 20% of the Merrill Lynch Sterling Non-Gilts Index (total return), returned 0.9%. The return to shareholders was 6.6%. The dividend was increased from 8.6p to 8.9p. This […]
Tritax Big Box REIT reports that its EPRA net asset value per share increased by 17.11 pence (or 15.91%) to 124.68 pence (31 December 2014: 107.57 pence) over the course of 2015. This works out as a total return for the year of 19.4%, compared to the FTSE EPRA/NAREIT UK REITs Index of 10.5%. Dividends […]
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