Hibernia REIT has announced that it has agreed a new non-renewable six year lease with the Office of Public Works (OPW) at Harcourt Square, commencing in January 2017. The OPW will pay annual rent of €6.0m for the offices, car parking and ancillary facilities plus a one-off arrears payment of €0.5m. Hibernia acquired Harcourt Square […]
Epiris, the manager of Electra Private Equity, has announced the sale of Electra’s interest in Innovia Group, a manufacturer of speciality films and substrate for polymer banknotes. Innovia Group has been sold to CCL Industries in a transaction that places an enterprise value on Innovia of $1.13 billion. Espiris says that, based on current exchange […]
Caledonia Investments has announced that it has agreed terms for the sale of Park Holidays UK, reportedly the UK’s third largest holiday park operator, to Tiger Bidco Limited, a special purpose vehicle incorporated by Intermediate Capital Group plc, for a headline enterprise value of £362m. Caledonia says that it will receive £197m in cash, net […]
Epiris, the manager of Electra Private Equity, has announced that it has agreed the sale of Parkdean Resorts, a leading UK operator of caravan holiday parks, to Onex Corporation, for £1.35 billion. Espiris says that it anticipates that the transaction will close in the first quarter of 2017, subject to customary regulatory approvals. Espiris says […]
GCP Student Living has announced the results of its placing, which it says was substantially oversubscribed. As a result of the placing, which raised raise gross proceeds of £23m, the company is issuing 16,428,572 ‘placing shares’ at 140p per share. The company says that, following the issue of the placing shares, the 2016 placing programme […]
Dunedin Smaller Companies Investment Trust has announced its annual results for the year ended 31 October 2016. During the period, the company provided an NAV total return of 7.0% and a share price total return of 4.1%. According to the company, this compares against a total return of 6.7% for its benchmark index, the FTSE […]
SVG Capital has announced the results of its tender offer, the details of which were set out in the company’s shareholder circular published by the Company on 17 November 2016. The company says that 122,492,644 ordinary shares were validly tendered and, following application of the scale-back mechanism, 48,951,048 ordinary shares will be purchased at a […]
Oakley Capital Investments has announced that it is declaring its maiden dividend of 4.5p per share in respect of the 2016 financial year. The dividend will be paid on 30 January 2017 to shareholders registered on 30 December 2016. Thereafter, its Board says that it will adopt a dividend policy which takes into account the […]
Chelverton Small Companies Dividend Trust has announced its interim results for the half year ended 31 October 2016. During the period, the trust’s NAV fell by 2.97%, which it says compares against a rise in its benchmark index, the MSCI UK Small Cap Index, of 6.13%. The trust paid a dividend of 3.7p per share […]
Green REIT has announced that it has signed an agreement to lease the entire of its newly-developed office building at 32 Molesworth Street in Dublin 2 (pictured), which comprises approximately 2,973 square meters (32,000 square feet) of lettable area. The agreement is for 20 years, which the company says is with an international services provider, […]
F&C Global Smaller Companies has announced its interim results for the half-year ended 31 October 2016. During the period, the company has provided an NAV total return of 18.0% and a share price total return of 17.4%. The returns are modestly below that of the company’s benchmark index, which is calculated from the returns of […]
New City Energy’s board of directors has been reviewing, with the investment manager, the future prospects of the company ahead of the next continuation vote. Given the current market capitalisation of the company, the prevailing share price discount and the short to medium term outlook for the oil price, the board has decided that it would be […]
Invesco Asia Trust has announced its interim results for the six months ended 31 October 2016. During the period, the company provided NAV and share price total returns of 33.6% and 37.1% respectively. In both cases outperforming the company’s benchmark index, the MSCI AC Asia ex Japan Index, which the company says returned 32.1%. The […]
GCP Infrastructure Investments has announced its annual results for the year ended 03 September 2016. During the year, the company says it provided a share price total return of 15.6% and a total return since its IPO of 91.1%. Profit for the year was £54.4m, an increase of 11.7% year-on-year (2015: £48.7m), and the company […]
Highcroft Investments has announced that it has agreed the sale of its freehold interest in its property at High Street, Staines to private investors. It is expected that contracts will be completed within two months. The property comprises three retail units with offices and storage on the first floor and planning consent was recently obtained […]
Dalradian Resources has received a positive feasibility study on its 100%-owned Curraghinalt gold project, in Northern Ireland. The study was prepared by JDS Energy and Mining Inc, supported by SRK Consulting. Based on reserves of 5.24 Mt at grades of 8.54 g/t gold and 3.9 g/t silver, for 1.44 Moz of gold and 0.66 Moz […]
Schroder Asia Pacific reports that its net asset value produced a total return of 40.9% compared to the benchmark (MSCI All Countries Asia ex Japan) total return of 36.6% and its share price produced a total return of 41.3%. The Directors recommend the payment of a final dividend of 4.75 pence. The manager’s statement says that the […]
Eastern European Property says that an agreement was signed on 12 December 2016 to sell its Romanian subsidiary, Southern Properties SRL, the holding company for the property located in Bucharest. The consideration is expected to be EUR 1.50 million (c. GBP 1.27 million) after allowing for local transaction costs and related company costs. This compares to a valuation […]
Chenavari Capital Solutions has announced its intention to cease making any further investments with immediate effect and from 1 January 2017 will commence a realisation period which will include the return of unencumbered cash balances to shareholders. Further announcements will be made prior to each individual return of cash. Background Prior to its initial public offering […]
Finsbury Growth & Income reports that its net asset value per share on a total return basis for the year was 20.6% and the share price total return was 20.8% (2015: 11.8%). Both have again significantly outperformed the benchmark. The UK market rose by 16.8% over the same period. The report says that the principal contributions to net asset […]
Lowland Investment Company says that its net asset total return for the year ended 30 September 2016 was 12.2% which compares to a 16.8% return for the UK market and an 8.6% return on the Numis Smaller Companies Index. The total dividend for the year will be 45p, which is an increase of 9.8% over […]
Over the year ended 30 September 2016, Baring Emerging Europe’s Net Asset Value per share on a total return basis rose by 41%, which compares with a rise of 27% in the benchmark, the MSCI Emerging Europe 10/40 Index. Part of this was attributable to the decline in sterling; in Dollar terms the increase in Net Asset Value […]
Edinburgh Worldwide reports that over the year to 31 October 2016, the net asset value per share, cum income with debt at fair value, increased by 18.0% and the share price by 10.3%. The comparative index, the S&P Global Small Cap Index, increased by 29.0% in sterling terms. There is no final dividend. The manager’s […]
For the year to 30th September 2016 JPMorgan Chinese achieved a return for its shareholders of +38.0%. This includes the final dividend of 1.80 pence paid in February 2016. The total return on net assets was +35.2%, this compares favourably with the return of 34.0%, a combination of the MSCI Golden Dragon Index up to 26th […]
