Henderson International Income Trust (HINT) has announced that, further to its announcement on 10 February 2017 of a possible issue of equity, that in the light of positive feedback from existing and potential new shareholders, HINT’s board has decided to proceed with an issue of C shares. It says that existing shareholders will be given […]
Further to their announcement that they were in discussions regarding the potential sale of the Leadenhall Building (affectionately known as The Cheese Grater), British Land and Oxford Properties have announced that they have exchanged contracts for the sale of The Leadenhall Building, to C C Land, for a headline price of £1.15 billion. Completion is […]
HgCapital Trust has announced its annual results for the year ended 31 December 2016. During the period, the Trust provided an NAV total return of 19% and a share price total return of 43%, which it says compares to return on the benchmark of 16.8%. The Trust says that the increase in VA is primarily […]
3i has announced that it completed the sale of 3i Debt Management to Investcorp. The transaction generates total cash proceeds to 3i of £270 million, of which £34 million relates to the repayment of loans provided to 3i Debt Management to fund two CLO warehouses, and an exceptional profit on disposal of £47 million, which […]
Blackstone / GSO Loan Financing has announced the result of its placing of Euro ordinary shares, which were issued under its placing programme. The Placing raised €72.8m (before costs and expenses) through the issue of 71,380,746 new Euro ordinary shares at a price of €1.02 per share. The Placing price represents a premium of approximately […]
Sirius Real Estate’s shares have been admitted to the premium segment of the London Stock Exchange’ main market for listed securities and have transferred from the Alt-X market of the Johannesburg Stock Exchange to its Main Board. SRE’s board expect this to have a number of benefits including: a more appropriate platform for the continued […]
BP Marsh & Partners has announced details of a share buyback policy. The company says that it is its ‘custom and intention, when the share price drops to more than 25% below its published Net Asset Value, to buy small parcels of shares and place them into Treasury and decide at a later point what […]
New Star has announced its interim results for the six months ended 31 December 2016. During the period, the Trust provided an NAV Total return of 10.35%, whilst its share price returned 24.3%, reflecting a narrowing of the discount from 39.5% to 31.7%. The Trust says that, in comparison, the Investment Association’s Mixed Investment 40-85% […]
Foresight Solar (FSFL) has announced a range of measures. These include its intention to raise in excess of £50 million by way of an Initial Placing and Offer for Subscription, a secondary listing on the main board of the JSE (Johannesburg Stock Exchange) and Private Placement in South Africa. FSFL’s board also says that it […]
Epiris, the manager of Electra Private Equity, has announce that its portfolio company, AXIO Group, has agreed to sell RISI, an information provider for the global forest products industry, to Euromoney Institutional Investor PLC (Euromoney) for $125 million. Espiris says that the sale, which remains subject to regulatory approvals, would be the sixth major realisation […]
Macau Property Opportunities Fund Limited has announced results for the period ended 31 December 2016. MPO’s portfolio value appreciated 2.9% over the six-month period to US$405.0 million. Adjusted NAV per share improved 2.4% in H2 2016 to US$3.03 (245 pence*) per share. IFRS NAV increased 4.2% to US$111.1 million or US$1.45 (118 pence*) per share during the […]
For the year ended 31 December 2016 CatCo Reinsurance Opportunities achieved a net return for shareholders of 8.12 percent for the ordinary shares and 7.27 percent for the C shares. This is despite the number of significant catastrophic events that occurred during the year, making 2016 the worst year for insured losses since 2012 (Source: […]
FastForward Innovations Ltd has today reached agreement with Blue Star Capital PLC to sell its entire holding of 1,471 shares in investee company SatoshiPay Ltd. The disposal is conditional on Blue Star’s shareholders approving the issue of 268,213,880 consideration shares as the consideration will be satisfied via the issue of new shares in Blue Star. The price […]
Pacific Horizon (PHI), managed by Ewan Markson-Brown (pictured), has announced its interim results for the six months ended 31 January 2017. During the period, the Trust’s NAV total return was 9.7%. The share price total return was 8.0% as the discount widened from 10.1% to 11.4%. The Trust says that, over the same period the […]
Riverstone Energy (RSE) has announced its annual results for the year ended 31 December 2016. During the period, RSE saws its NAV increase by 26.1% to $20.11 per share and that the impact of Brexit, through the devaluation of sterling, contributed to the sterling NAV per share increasing by 50.5% to £5.47. RSE says that […]
Symphony International Holdings Limited (SIHL) has announced its results for the year ended 31 December 2016. During the period, SIHL’s fully diluted NAV per share fell by 7.9% to US$1.1988. The company’s chairman, Pierangelo Bottinelli, says that 2016 was a volatile year but that Asia experienced more of an impact in the fourth quarter as […]
Tritax Big Box REIT has announced that it has agreed a new long-term, interest only, fixed rate term loan facility of £90 million with PGIM Real Estate Finance, secured against a portfolio of three standing assets and one forward funded asset. The 10-year Facility, which will be drawn in full immediately, is repayable on 2 […]
Primary Health Properties says its EPRA NAV per share increased from 87.7p to 91.1p over the course of 2016. The dividend was raised from 5p to 5.125p. The first quarterly dividend of the new year has been set at 1.31pEPRA earnings per share were lower at 4.8p, down from 4.9p on the back of increased […]
Derwent London has published results for the year ended 31 December 2016. Its EPRA net asset value per share increased 0.5% to 3,551p from 3,535p at 31 December 2015, 1.3% lower than 3,598p at 30 June 2016. Net rental income increased 5.2% to GBP145.9m from GBP138.7m in 2015. EPRA earnings rose 8.9% to GBP85.7m from GBP78.7m last […]
British Land confirms that it and its joint venture partner, Oxford Properties, are in advanced discussions regarding the possible sale of their interests in The Leadenhall Building. British Land and Oxford Properties currently own The Leadenhall Building in a 50/50 joint venture. It is not certain that these discussions will lead to a sale of […]
CVC Credit Partners European Opportunities’ Euro and Sterling class net asset values per share increased by 9.29% and 9.80% respectively over the course of 2016. They continued to pay quarterly dividends at the annual rate of 5 Euro-cents / 5 pence per share and expect to continue to do so. They point out that the fund has shrunk […]
Rights and Issues says 2016 proved to be a very strange year. the UK market rose by 12.5% and the small cap market by 11% but, once the fall in sterling following the June referendum result is factored in, a more sombre picture emerges. By contrast, the net asset value of the fund’s Income shares increased by 29.5% to 2002.2p. […]
Fundsmith Emerging Equities returned 12% in NAV terms over the course of 2016. This was well behind the return on the MSCI Emerging and Frontier Markets Index (measured on a net sterling adjusted basis) which returned 32.4%. Shareholders were also affected by a narrowing of the premium. Returns to shareholders were 10.5%. The Board has […]
Scottish Mortgage will be promoted to the FTSE100 list Update 1 March Scottish Mortgage announces that, in recognition of its continued growth and success, there will be a cut in the annual management fees for the company, effective from 1 April 2017. Scottish Mortgage already enjoys one of the lowest ongoing charges levels in the […]
RIT Capital Partners says its net asset value per share increased to 1,730 pence during 2016, representing a return of 12.1%. Its shares traded at a premium which averaged 4.6% during the course of the year and total shareholder returns amounted to 14.2%. The dividend was edged up to 31p from 30p. They intend to pay a […]
LXi REIT has listed on the London Stock Exchange. Its IPO has raised £138.15m before costs. The company is targeting attractive inflation-protected income and capital returns through a diversified portfolio of very long-let and index-linked UK property assets. LXi REIT is targeting a minimum annual dividend of 5 pence per Ordinary Share, starting from the […]
Land Securities has announced that it has completed the sale of The Printworks, Manchester, to DTZ Investors for £108m. Redeveloped and reopened in 2000, The Printworks is a Manchester city centre leisure destination, covering 368,770 square feet over four floors. The site is anchored by a 20 screen Odeon cinema, which houses the only IMAX screen in Manchester. In addition, there are […]
Standard Life UK Smaller Companies has announced its interim results for the half year ended 31 December 2016. During the period, the company provided an NAV total return of 16.7% and a share price total return of 17.7%, these both modestly underperformed the company’s ‘reference index’, the Numis Smaller Companies Index (excluding Investment Companies) Index, […]
BH Macro has announced the results of its tender offer (up to 100% for all share classes) and its shareholder meetings. In aggregate, 48% of shares in issue were tendered (41.4% of GBP, 42.3% of EUR, 69.7% of USD shares). The company says that this is within the 66.667% tender limit so the tender can […]
