Primary Health Properties has announced that it has contracted to fund and acquire a purpose built medical centre to be developed in Swindon Town centre. The net consideration for the property will be £10.0m. The property comprises of circa 2,500m2 to be fully let to NHS Property Services Limited for a 20 year term from […]
Pantheon International Participations Plc has announced that it has changed its registered name to Pantheon International Plc. The Company’s tickers for its Ordinary and Redeemable shares remain the same. PIN for the ordinary shares and PINR for the redeemable shares. Pantheon International drops the participations : PIN and PINR
TR Property Trust, managed by Marcus Phayre-Mudge (pictured), has announced its interim results for the half year ended 30 September 2015. During the period, the company’s NAV rose by 0.6% on a total return basis, ahead of the company’s benchmark , which fell 2.0%, whilst the share price fell by 4.1% and the discount to NAV increased […]
BACIT Limited has announced interim results for the six months ended 30 September 2015. The return on net assets for the period was -3.28% which compares to -7.19% for the FTSE All-Share Index and -6.78% for the HFRI Fund of Funds Strategic Index. Looking at the portfolio: Equity Funds (24.9% at 30 September 2015 vs. […]
Amara Mining has increased M&I gold resources at its Yaoure project, in Côte d’Ivoire, by 17% (739 koz) to 5.2 Moz at a 19% higher grade of 1.54 g/t gold (using a cut-off of 0.5 g/t). Furthermore the company has increased the confidence in resources at the project by increasing the percentage of M&I resources […]
Chenavari Capital Solutions has announced that it intends to seek shareholder approval for the extension of its investment period for up to 12 months to 31 December 2016 at an EGM scheduled for the 18 December 2015. In the Company’s prospectus, published in connection with its IPO, the Company stated that, following 31 December 2015, […]
The Board of MedicX Fund Limited has agreed to give Octopus Healthcare Adviser an extension to its notice period in exchange for a cut in fees. The announcement says the alteration to the fee structure, which applies to any fees payable on or after 1 October 2015, is designed to enhance shareholder value as the portfolio of […]
Shaftesbury has published results for the year ended 30 September 2015. The EPRA NAV increased by 21.9% to 869p and EPRA earnings per share increased by 6.6% to 13p. The total dividend for the year was upped by 5% to 13.75p. Commercial rent reviews came in at 24.8% above previous rents, equivalent to five-year compound […]
Premier Energy & Water published a prospectus on Friday that covers a reconstruction and voluntary winding up of PEWT Securities PLC. PEWT Securities PLC is the company behind Premier Energy & water’s current ZDP issue. These are coming to the end of their life. They are proposing that holders of these zeros be given the […]
BACIT is proposing that it start paying management fees. These won’t be huge and the investment policy – that it will invest in underlying funds on a “gross return” basis, that it will invest up to 1% a year of its net asset value in drug development projects and that it will donate 1% a year of […]
Perpetual Income & Growth has published interim figures for the six months ended 30 September 2015. The FTSE All-Share Index returned -7.2% over this period but Perpetual Income & Growth returned -0.2% on net assets and the return to shareholders was +2.4% (the shares moved from a 3% discount to 0.1% discount). The dividend for […]
Marwyn Value Investors has announce that, under the terms of its conditional placing (announced on 19 November), 22,727,273 ordinary shares in the have been conditionally placed at a price of 220p per share with institutional investors. Completion of the placing, which has conditionally raised £50m, remains subject to a number of conditions including approval at […]
Riverstone Energy has announced a dilutive share issue. It intends to raise up to £65m through a placing and open offer at £8 per share and intends to use up to US$67m of the proceedes to increase its stake in Canadian International Oil Corp. The open offer, due to launch on 23 November 2015, is being […]
JPMorgan European Smaller Companies, chaired by Carolan Dobson (pictured), has announced its interim results for the six-months ended 30 September 2015. During the period, the trust provided a total return of 2.4% outperforming the company’s benchmark, the Euromoney Smaller European Companies (ex UK) Index, which lost 3.8% in total return terms. The company says that the […]
Montanaro UK Smaller Companies, managed by Anna Lunden (pictured), has announced it interim results for the six months ended 30 September 2015. During the period, the company provided NAV and share price total returns of 12.5% and 14.7% respectively. These are both ahead of the performance of its Numis Smaller Companies Index benchmark, which returned […]
Sirius Real Estate has announced its interim results for the six-months ended 30 September 2015. During the period, the company’s adjusted net asset value per share increased by 5.5% to 50.13c (31 March 2015: 47.51c) despite the payment of €7.6m in early termination fees for the repayment of loans from Macquarie, which the company says […]
Drum Income Plus REIT has announced the acquisition of multi-let office investment Monteith House in Glasgow for a consideration of £5.75m. Monteith House is an office development located in George Square, in the centre of Glasgow, whose key tenants include VisitScotland and Skills Development Scotland. The company says that the purchase price reflects a yield […]
Invesco Perpetual Enhanced Income Limited has announced its annual results for the 12-months ended 30 September 2015. During the period, the NAV per share fell 5.4% whilst its share price fell 6.2%. However, including income, the Company’s portfolio has generated a NAV total return of +1.5%. The company says that this compares to a total […]
World Trust Fund has announced its interim results for the six-months ended 30 September 2015. During the period, the company’s NAV per share fell 12.9% b(in Sterling terms) modestly outperforming both the MSCI AC World Index (ex USA) Index, which fell 13.5% but underperforming the MSCI AC World Index, which fell 11.0%. The share price […]
Central Asia Metals plc has received regulatory approvals to exploit the Western dumps at its Kounrad SX-EW copper recovery operation, in Kazakhstan. The company currently extracts copper from the Eastern dumps and earlier this year expanded the plant to a capacity of 15,000 t/y of copper cathode. As the Eastern dumps become exhausted, the company […]
SEGRO has announced that it has acquired a portfolio of three, fully-let logistics buildings, in the Netherlands, for €92.7m. The portfolio, which has a total of104,000 square metres of space, has been acquired from the private Dutch developer, Dok Vast. The company says that the purchase price equates to a net initial yield of 6.1 […]
Biotech shares were weak in the six months that ended 30 September 2015. Biotech Growth Trust reports that its NAV fell by 18.6% over this period, 5% more than the 13.6% fall in the NASDAQ Biotechnology Index. The company’s shares fell by 19.3%. The Chairman said the fall in the value of many biotechnology companies […]
BlueCrest All Blue says its rolling 12 month discount floor provision has been triggered for its Sterling class of shares (the discount, based on the October month end figure, was too wide). This requires, in accordance with the Company’s articles of association, a continuation vote to be proposed for this class by way of ordinary resolution. […]
John Laing Environmental has published interim results covering the six months ended 30 September 2015. Its NAV of 101.2 pence as at 30 September 2015 was unchanged from 31 March 2015 after adjusting for dividends paid during the period ands despite the impact of the subsidy changes announced in July. The interim dividend was 3.027p, up from […]
Personal Assets Trust’s net asset value fell by 0.3% over the six months to the end of October 2015 – a much better result than for the FTSE All-Share index which fell by 7.3%. The share price rose by 0.5%. Dividends are running at £1.40 per share. They didn’t much change the shape of the portfolio over […]
Shareholders in Lonmin plc, have approved a financial restructuring to enable the platinum miner to weather the low PGM price environment. Lonmin said about 88% of its shareholders approved the US$400 million rights issue at a meeting in London yesterday. The share issue was deeply discounted – at just GBp1/share, a 94% discount to the […]
Alpha Real Trust has reported an uplift in the value of its H2O shopping centre in its interim accounts 9which cover the six month period ended 30 September 2015). This helped drive an increase in the NAV from 108.3p to 123.5p. Earnings per share were flat at 3p. the interim dividend was increased to 1.2p […]
Templeton Emerging Markets has published results covering the six month period that ended on 30 September 2015. emerging markets had a tough time during this period, selling-off sharply and underperforming developed markets by 9.1% (comparing the two relevant MSCI Indices). Over the six months the fund generated a negative total return on net assets and underperformed […]
Marywn Value Investors has announced that it is proposing to raise a minimum of £50m through a placing, at a price of 220p per share. The company says that the book-build has secured substantial anchor orders from existing and new shareholders to support the minimum fund raise and that the book will be kept open […]
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