Henderson Diversified Income results covering the year ended 31 October 2015 have been published. The net asset value per ordinary share decreased slightly from 88.82p to 88.36p over the year as did the share price from 91.25p to 90.50p. The aggregated revenue return was 5.16p per ordinary share and dividends were maintained with a total […]
Elephant Capital’s net asset value rose from 35p to 36p over the year that ended on 31 August 2015. Air Works India (Engineering) Private Limited has been performing satisfactorily and exhibited operational strength during the period. It has been valued at £3.1m based on an independent third party valuation, compared to £3.05m at 31 August […]
John Laing Infrastructure has acquired a 100% interest in the British Transport Police PPP project and entered into an agreement to purchase a 95% interest in the Oldham Social Housing project. Both projects are fully operational, availability-based social infrastructure PPP assets located in the UK and are being acquired under the First Offer Agreements with […]
BlackRock World Mining’s results for the year ended 31 December 2015 reflect th poor performance of the mining sector. The fund’s NAV total return was -35.3%, the share price return was -37.0% and the benchmark, the Euromoney Global Mining Index, was down 36.9%. the discount widened from 11.9% to 15.0%. The dividend was maintained at […]
Montanaro European Smaller Companies Trust has announced that it has entered into a €10m term loan facility agreement with ING Bank N.V., London Branch (“ING”) for the purpose of pursuing its investment objective. The facility has been fully drawn down today and is in addition to the existing €15m term loan facility the Company already has […]
Jupiter US Smaller Companies reports that its NAV per share fell 4.8% in the six month period to 31 December 2015, compared to a drop of 3.3% in the Company’s benchmark, the sterling-adjusted Russell 2000. The worst performing sector in the six month period was energy, falling 41% as oil prices collapsed once again, after […]
Foresight Solar Income Fund is reporting its results for the year ended 31 December 2015. The net asset value dipped a little – from 100.9p to 99p. earnings per share were 5.91p but they are still planning to pay 6.1p of dividends for the year and are targeting a full year dividend for the period […]
Macau Property Opportunities Fund has published its results for the six month period ended 31 December 2015. MPO’s portfolio value declined 12.3% over the period to US$405.7 million amid the slowdown in Macau’s economy driven by a weak gambling market which affected the property market. The adjusted NAV was US$245.5 million, translating to a per share value of […]
Kennedy Wilson Europe’s results for the year ended 31 December 2015 show its adjusted NAV climbing from 1025.2p to 1174.5p over the year. Adjusted EPS rose sharply from 25.9p to 47.9p as the portfolio became more established and the effects of gearing kicked in. They paid dividends of 35p during the year and have announced […]
Green REIT has announced that it has completed the renegotiation of its leases with Vodafone Ireland on their Irish headquarters building at Central Park, Dublin 18, which comprises 263,000 square feet and generates a rent of €7.3m per annum for Green REIT. Vodafone is the largest occupier at Central Park and is Green REIT’s single […]
JPMorgan Mid Cap says, over the six months to 31st December 2015, the Company’s total return on net assets was 9.0%, 8.4 percentage points ahead of the Company’s performance benchmark, the FTSE 250 Index (excluding investment trusts) which returned 0.6% on a total return basis. The return to shareholders was 25.5% as the discount was elminated. […]
Ottoman Fund is to return approximately £2.7m of capital, or 2 pence per share, to shareholders on the register as at 4 March 2016, with the shares expected to trade ex-entitlement on 3 March 2016 and payment expected to be made on 6 April 2016 or as soon as practicable thereafter. This return of capital represents proceeds […]
intu properties is reporting a 7 per cent increase in both its NAV per share (adjusted, diluted) and its underlying earnings per share from 13.3p to 14.2p and a 4 per cent revaluation surplus taking the value of investment properties to £9.6bn. The total return for the year was 10%. They see like-for-like net rental income in the […]
Allianz Technology Trust says its NAV increased by 10.3% over the year to 30 November 2015, finishing at 675.1p compared with 612.2p as at 30 November 2014. They outperformed their benchmark index, the Dow Jones World Technology Index, by 3.3% over this period. The market price of the Company’s shares also outperformed the benchmark finishing […]
As of 31 December 2015, Riverstone Energy had a NAV per share of $15.95. This implies a year-on-year decrease of 36 cents per share. However, the strengthening of the U.S. dollar resulted in the Sterling NAV per share increasing by 36 pence when compared with the previous year, from 1047p to 1083p. Part of the decrease […]
John Laing Infrastructure Fund has announced a placing of up to 81.2 million new ordinary shares and has said that the net proceeds will be principally used to repay the Group’s revolving credit facility which, following the acquisition of a 40% stake in the Barcelona Line 9 Section II metro project announced in January 2016, […]
Ruffer Investment Company has announced its interim results for the half year ended 31 December 2015. During the period, the company’s NAV per share from 218.76p to 206.98p, which after allowing for dividends of 1.7p paid during the period, equates to a total return of -4.6%. The Company’s share price also fell by 4.6%, on […]
After Alpine Select’s announcement that it planned to try to force its way onto Altin’s Board, kick out three directors and pay out a large proportion of Altin’s capital, the Altin Board has responded. “The Board of Directors of ALTIN AG (“ALTIN”), after careful consideration, categorically rejects the proposals of Alpine Select AG (“Alpine Select”) […]
JPMorgan Overseas says, for the second half of 2015, the total return on the Company’s net assets was +1.2% and the return to shareholders was +2.5% compared with the return on its benchmark, the MSCI AC World Index (in sterling terms) of +1.5%. The manager says positions in a number of high growth companies performed strongly, including […]
Bluefield Solar Income Fund delivered an above-target dividend of 7.25 pence per share for the year ending 30 June 2015, and has paid a dividend in the period of 3.25 pence per share for the current financial year. They say, notwithstanding the reduction in power prices during the period, attractively priced acquisitions and strong contractual […]
Derwent London is reporting that its EPRA net asset value per share increased by 21.6% to 3,535p from 2,908p at 31 December 2014, and by 9.6% from 3,226p at 30 June 2015. Net rental income increased 7.8% to £138.7m from £128.7m in 2014. EPRA profit before tax rose 31.0% to £81.6m from £62.3m last year […]
Safestore has announced that its acquired a freehold site in eastern Paris adjacent to the A4 motorway at Marnes-la-Vallée in the town of Emerainville for €4.2m. The site contains an existing warehouse which will be converted into a c.60,000 sq ft self-storage facility and c.8,000 sq ft of serviced offices. The company estimates that the costs […]
The Board of M&L Property & Assets announces that it has been informed by the Company’s asset manager, M & L Capital Management Limited, that unauthorised sales of Company properties have apparently taken place and that there is a possibility that Company funds have been misappropriated. The Board is urgently investigating this matter and will report […]
TLI Alternative Asset Opportunities has announced that it has received notification of a policy maturity on one life with a face value of US$4m. The company say that the maturity is in the process of being verified and assuming it is certified will add approximately 1.4p to the company’s NAV per share. TLI Alternative Asset Opportunities […]
Honeycomb Investment Trust has announced that it has agreed to acquire a portfolio of consumer loans from Caledonian Consumer Finance Limited and Carnegie Consumer Finance Limited for a purchase price of £15m. Caledonian is separately expected to acquire 700,000 ordinary shares in the Company from Pollen Street Capital Holdings Limited, an affiliate of the Company’s Investment Manager, Pollen Street […]
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