In a difficult period for Asian stock markets, Invesco Asia Trust outperformed its benchmark over the six months ended 31 October 2015 returning -11.8% vs. -16.3% for the MSCI Asia ex Japan Index. The return to shareholders was -13.1% as the discount widened from 9.8% to 11.0%. The manager’s report says that the company’s holdings […]
Polar Capital Global Healthcare Growth & Income Trust has announced its annual results for the year ended 30 September 2015. In what was a volatile year for the trust, its NAV total return was 8.2% thereby modestly underperforming its benchmark, the MSCI Global Healthcare Index, which returned 9.6%. The discount to NAV narrowed by 2% […]
On 1 October 2015, Alliance Trust announced a series of changes that its said were designed to enhance shareholder value. In advance of the end of the financial year on 31 December 2015, the company has provided an update on the progress that has been made on implementing these changes. Rather than copying and pasting […]
The Oyu Tolgoi joint venture, in which Rio Tinto owns 34%, has signed a US$4.4 billion project financing agreement to develop the Oyu Tolgoi copper-gold underground mine, in Mongolia. The mine has been producing copper concentrates (with gold included) since 2013 from an open pit, which was developed at a cost of US$6.4 billion. All […]
Law Debenture Corporation has announced that its Group Managing Director, Caroline Banszky (pictured) has, after thirteen years as the Group’s MD, given notice of her intention to retire from her role by 31 October 2016. She will also step down as a director of the Corporation at that time. The Nominations Committee of the board […]
LMS Capital has announced the results of its tender offer that was previously announced on 27 November 2015. The latest tender is the fourth the company has made since the approval of its realisation strategy in November 2011. The tender price was 96p and 130,363,380 ordinary shares were validly tendered. The basic entitlement is 28.7% […]
SEGRO plc and Hermes Property Unit Trust have completed a property swap transaction. SEGRO has acquired from Hermes a 9,800 sq m single-let, modern distribution warehouse in Hayes, West London for £21.9m. Hermes has purchased from SEGRO two multi-let industrial estates totalling 29,300 sq m, both situated close to Heathrow Airport for £47m. The balance of £25.1m […]
Enough of Premier Energy & Water’s existing ZDP holders have rolled over into its new issue to leave it oversubscribed. There will be no placing of new zeros. We talked about the new issue in this month’s warrants, subscription share and zeros roundup. the new zero (PEZ), issued by PEWT Securities 2020, will start trading on […]
Dunedin Smaller Companies has announced results for the year ended 31 October 2015. over this period the fund underperformed the FTSE Small cap (ex Investment Companies) Index, returning 10.7% on net assets against 13.1% for the benchmark, but a narrowing of the fund’s discount, from 16.9% to 15.0%, gave shareholders a 13.7% return. The dividend has […]
Hummingbird Resources plc has declared a maiden reserve at its 85%-owned, Yanfolila gold project, in Mali. The reserve (100% basis) is 6.82 Mt at a grade of 3.03 g/t for 666 koz of gold contained, which represents a 20% increase from the in-pit resources in an optimisation study published in June this year. 100% of […]
The Board of NB Distressed Debt has announced that it is curtailing its buy-back programme on the Global and Extended Life shares. At the time of writing, the Global shares have fallen by 4.0% today and the extended Life shares by 3.7%. 1) with respect to the Global shares they said: “The discount control policy […]
Armadale Capital has updated metallurgical work at its 80%-owned Mpokoto project in the DRC’s Katanga Province, which has confirmed the proposed two-phase processing route to recover gold from the oxide ores initially, with a further second phase to treat the transition and fresh rock. Metallurgical testwork on two bulk samples of oxide ore has confirmed […]
Armadale Capital has updated metallurgical work at its 80%-owned Mpokoto project in the DRC’s Katanga Province, which has confirmed the proposed two-phase processing route to recover gold from the oxide ores initially, with a further second phase to treat the transition and fresh rock. Metallurgical testwork on two bulk samples of oxide ore has confirmed […]
Empiric Student Property has announced that it has exchanged contracts to acquire Provincial House, a 107 bed forward funded development in Sheffield, for a total investment of £11m. Empiric is to acquire the freehold to the site, which is located in central Sheffield, immediately next to the University of Sheffield’s north campus. The existing property […]
Blackstone / GSO Loan Financing has announced that it is considering raising additional capital through an issue of shares. The company’s board say that this reflects what they consider to be an attractive investment and funding environment. They also say that any fundraise will be subject to market conditions and further details will be announced in due […]
JPMorgan Asian has published results for the year ended 30 September 2015 that show the fund managed to outperform its benchmark. During the year under review, JPMorgan Asian’s return on net assets was -2.9%, outperforming the MSCI AC Asia ex Japan Index, which delivered a -6.3% return. The Board had been warning JPMorgan that performance […]
AEW UK REIT’s shopping spree continues with the purchase of three more properties for £12.2m. The first comprises a prominent 49,764 sq ft town centre leisure investment in Southend-on-Sea, let to Odeon Cinemas Limited with a WAULT of approximately 7 years to expiry. The property was acquired for GBP5.7m (net of acquisition costs) reflecting a […]
The temptation to run for the exit to avoid potential losses coupled with a fear of losing out if things turn out to be better than we thought is a frequent dilemma facing investors. The market’s close scrutiny of every piece of economic data and knee-jerk reactions are unlikely to abate, as concerns about the […]
Infrastructure India has announced its interim results for the six months ended 30 September 2015. The announcement says that the value of the Company’s investments decreased 10% to £331.6m during the period (£368.6m as at 31 March 2015), whilst its NAV decreased by 12% to £329.3m (£373.6m as at 31 March 2015). Reflecting this, the […]
LXB Retail Properties has announced its annual results for the year ended 30 September 2015. During the period, the company’s EPRA NAV per share has reduced by 23.1% but this largely reflects the return of £82.6m of cash to shareholders in June. The company says that, taking into account the cash return, there has been […]
Foresight Solar Fund has announced that its 30MW Copley asset (located in Claypole, Newark) has been successfully connection to the Grid and will qualify for the 1.3 Renewable Obligation Certificate banding under the Renewable Obligation 12-month grace period for projects greater than 5MW. Following the connection of Copley, all 16 assets in the Company’s 338MW […]
Finsbury Growth & Income has published an impressive set of results for the year ended 30 September 2015. In a year when the total return on the FTSE All-Share Index was -2.3%, Finsbury Growth & Income delivered a 12.0% return on net assets and an 11.8% return to shareholders. The dividend has ben increased by 7.1% […]
St Peter Port Capital has announced its interim results for the six months ended 30 September 2015. During the period, the company’s NAV has by 21% to 46.2p per share. The company says that, although some companies continue to make good progress, the resource related part of the portfolio has suffered from the weakness in […]
Edinburgh Worldwide Investment Trust, managed by Douglas Brodie (pictured), has announced its annual results for the year ended 31 October 2015. During the year the company’s NAV by 10.0% and its share price by 13.8% beating its comparative index, the S&P Global Small Cap Index, which increased by 3.5% in sterling terms. The Company says […]
Multi-commodity mining giant, Glencore, yesterday briefed investors on its preparedness for a lower price environment. The company has reduced 2015 capex from US$6 billion to US$5.7 billion, and expects to reduce 2016 capex to US$3.8 billion. For its main mineral products it expects low cost profiles of US$1.10/lb copper, US$0.33/lb zinc, US$2.95/lb nickel and US$39/t […]
Standard Life Investments Property Income Trust has announced that it is extending the timetable for its initial placing and offer until 11 a.m. on 18 December 2015. The company says that the Investment Manager is in advanced legal negotiations in relation to the sale of one of the properties in the company’s portfolio, which is […]
LondonMetric Property has announced that it has exchanged contracts to sell its 210,000 sq ft WH Smith distribution warehouse in Birmingham to a UK institution for GBP18.2 million, reflecting a net initial yield of 5.2%. The property was acquired in 2013 for GBP10.1 million with 11 years remaining on the lease. Simultaneous with purchase, LondonMetric re-geared […]
Terra Catalyst Fund has announced its interim results for the six months to 30 September 2015. Terra Catalyst’s sole remaining asset is Spazio Investments NV, an externally managed property fund that specialises in investment in Italian industrial real estate. Spazio owns a portfolio of 169 properties of predominantly industrial and logistics use, located throughout Italy. […]
GLI Finance Limited announced, on 17 November 2015, plans to consider the issue of further securities in order to refinance certain existing borrowings as well as to provide additional working capital and finance growth. The related prospectus and circular to shareholders were published on 3 December 2015. One option detailed in this Circular is to […]
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.
Due to data protection policies, USA residents can not access our data.
Your content has been curated