LondonMetric Property has announces that it has sold its PC World property in Hove to clients of Aberdeen Asset Management PLC for £13.6m, reflecting a net initial yield of 5.4%. LondonMetric acquired the asset for £8.1m and recently signed a new 15 year lease (with a break at 10 years) with PC World at a […]
Renewable Energy Generation has provided an update on the proposed sale of the Group’s Business to a fund managed by BlackRock, which values the company’s equity, before exit costs, at £64.5m. The board is recommending that shareholders approve the proposals related to the transaction and an EGM is being convened on 18 December 2015. If […]
Standard Life UK Smaller Companies Trust, managed by Harry Nimmo (pictured), has announced some changes to its managaement fee and discount control policy. The company has agreed with the investment manager that, with effect from 1 January 2016, a tiered management fee will be introduced with the current fee of 0.85% continuing to apply to […]
BlueCrest Capital Management has announced that they intend to return all external money to investors and just manage their own. The implication of this is that BlueCrest AllBlue will follow BlueCrest BlueTrend into liquidation. The full text of their announcement is given below: The Company has today received a notification from BlueCrest Capital Management Limited […]
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As anticipated in Amedeo Air Four’s Prospectus from April 2015, Amedeo Air Four Plus Limited, via its wholly-owned subsidiary AA4P Delta Limited, has bought, directly from Airbus, one A380 aircraft bearing manufacturer’s serial number 201. The deal was completed on 30 November at a net cost to the company of $275,000,000. In accordance with the investment […]
Over the six months ended 30 September 2015, SVM UK Emerging delivered a total return of 6.0%, outperforming the IA UK All Companies sector average (its benchmark) which returned -5.0%. the return to shareholders was 2.5%. The statement says there were positive contributions over the period from retailers, Supergroup and Ted Baker. Marketing group, Four […]
Keystone Investment Trust has published its accounts for the year ended 30 September 2015. On a total return basis (i.e. including income), the FTSE All-Share Index returned -2.3% over the year. Keystone however managed a return on net assets of 6.4% and a return to shareholders of 7.3%. The base dividend was increased slightly from […]
Nimrod Sea Assets has published interim accounts covering the six months ended 30 September 2015. From 24 March 2014 (the date the Company listed on the SFM) to 30 September 2015, Nimrod Sea Assets invested 54% of available funds. They say the NAV at the end of September was 68.96 cents per share. The Board has […]
Sequoia Economic Infrastructure Fund has published its first set of figures, covering the period from its incorporation up until the end of September 2015. By the end of September, 82.8% of the initial IPO proceeds had been invested in 24 assets, they had a paid a 1p dividend, the portfolio had a yield to maturity […]
HgCapital, the Manager of HgCapital Trust plc, has announced it will has taken a majority stake in EidosMedia, a leading global provider of digital publishing solutions. The terms of the transaction were not disclosed. HgCapital Trust plc will invest in EidosMedia, headquartered in Milan, alongside other institutional clients of HgCapital, who will participate through the HgCapital 7 Fund. […]
Investors Capital half hear results for the period ended 30 September 2015 show an NAV total return of -6.1%, modestly better than the -7.0% return posted by the FTSE All-Share Capped 5% Index. The interim dividend was increased by 2.7% and the plan is to pay dividends totalling 4.6p for the year ended 31 March 2016. […]
Invesco Income Growth’s interim results for the six months ended 30 September 2015 show the fund outperforming the FTSE All-Share index, returning -3.5% on net assets against -7.2% for the index. The return to shareholders was -5.0%. the first two quarterly dividends total 4.3p, up from 4.2p for the equivalent period last year. Ciaran Mallon’s […]
RAB Special Situations has given notice of an EGM to be held on 17 December 2015 at which shareholders are to be given the opportunity to decide whether the company should continue as an investment company. Based on discussions with major shareholders, the board believe this resolution will not pass and, assuming it doesn’t, shareholders […]
F&C Capital and Income Trust, chaired by Steven Bates (pictured), has announced its final results for the 12-months ended 30 September 2015. During the year the company’s NAV and share price total returns were 3.5% and 3.1% respectively, beating the trusts benchmark index, the FTSE All-Share, which fell 2.3%. The dividend has also been increased for […]
LMS Capital has announced its intention to return up to £40m to shareholders through a tender offer and repurchase of up to 29.98% of the ordinary shares of the Company. The proposed tender offer is the fourth made since the approval of the Company’s realisation strategy in November 2011 and will, if approved, bring the […]
The year to the end of September 2015 was a tough one for emerging European markets. Baring Emerging Europe saw its net asset value fall by 20.5% and its share price fall by 17.6% over this period but this was better than their benchmark index, the MSCI EM Europe 10/40 Index which fell by 23.0%. […]
Jupiter Green’s interim report, covering the six month ended 30 September 2015, shows the fund’s net asset value falling by 10.8% on a total return basis and a share price return of -11.5%. These figures compare to a -10.9% return on the MSCI World Small Cap Index. The manager’s report says “The Company lost ground, […]
Pacific Alliance China Land has announced that its jv partner, China Resources, has agreed with Wal-Mart China Holdings that it will sell Wal-Mart the remainder of its interest in Project Malls for RMB248m (US$38.9m). 50% of the consideration will be released to China Resources from escrow with the state owned exchange within 10 business days after […]
Lindsell Train Investment Trust’s interim report, covering the six months to the end of September 2015, shows the fund moving to a significant premium. Today this is 34%. The Chairman’s statement reiterates previous warnings to new investors of the dangers of buying stock at very high premiums. The net asset value just about beat the benchmark – […]
The European Investment Trust, managed by Edinburgh Partners, has released its annual results for the year ended 30 September 2015. The board describe the period as a more challenging one for investing in European equities, during which, the NAV per share of the trust fell by 7.3% from 800.41p to 742.20p. After taking account of dividends […]
The Cayenne Trust has announced the results of its rollover elections. F&C Managed Portfolio Trust was the rollover vehicle offered. 2,4787,999 Cayenne shares have elected to rollover into F&C Managed Portfolio Income shares, 1,751,028 Cayenne shares have elected to rollover into F&C Managed Portfolio Growth shares, whilst 15,153,737 Cayenne shares have opted for the cash […]
Troy Income and Growth Trust has announced its annual results for the year ended 30 September 2015. During the period, the company provided an NAV total return of 11.2% and a share price total return of +11.7%. Both of these are noticeably ahead of the total return performance of the FTSE All-Share Index of -2.3%. […]
NextEnergy Solar Fund has announced its half year results for the six months to 30 September 2015. During the period, its net assets grew by 16.2% from £248.4m to £289.0m, reflecting a fund raising £38.8m, whilst NAV per share increased by 0.7% from 103.3p on 31 March 2015 to 104.0p. At the end of the […]
Aberdeen Private Equity Fund, managed by Alexander Barr (pictured), has announced its interim results for the six-months ended 30 September 2015 during which the company’s NAV per share fell by 1.6% to 125.37p although, including the 2.2p dividend paid in September 2015, the Sterling NAV total return to shareholders was +0.2%. The company says that positive performance […]
LondonMetric Property has announced its interim results for the half-year ended 30 September 2015. During the period, the company’s EPRA NAV has increased by 4.3% to 146.6p per share (31 March 2015: 140.6p). The company says that Valuation gains have been driven by development activity and market yield compression. During the period, EPRA earnings have […]
Worldwide Healthcare has published interim results covering the six months to the end of September 2015. Over this period the pharmaceutical and biotech sectors experienced a sell off as US politicians waded into price gouging allegations at some forms. Worldwide Healthcare’s benchmark index (MSCI World Health Care Index) fell by 9.7%. the total return on net […]
Japan Residential Investment Company (JRIC) has announced today that, following the announcement, on 13 November 2015, that Nikko III Pte. Ltd. and JRIC had reached agreement on the terms of a recommended cash offer by Nikko III Pte, for the entire issued and to be issued share capital of JRIC (at 72p in cash per […]
Greencoat UK Wind has announced that its placing, by way of tap issuance to institutional investors, has raised Gross Placing Proceeds of £50m. As a result 46,115,906 new ordinary shares are to be issued at a price of 107.5p per share taking the total number of shares in issue to 507,967,051. The new shares are […]
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