Fidelity China Special Situations, managed by Dale Nicholls (pictured), has announced its results for the half-year ended 30 September 2015. During the period, the company’s NAV fell by 14.1% and the share price by 16.2%, both beating the performance of the Benchmark MSCI China Index, which fell 19.7%. The company’s outperformance was primarily due to […]
Caledonia Investments has released its interim report for the six-months ended 30 September 2015. During the period, the company’s NAV total return per share was -3.8%. The share price also fell (4.4%) and, at the half-year end, the discount was 21.0%, slightly improved on the 21.5% at the beginning of the period. The company says […]
TwentyFour Income Fund has released its interim results for the half-year ended 30 September 2015. During the period the company provided an NAV total return of -1.6%. The Company’s shares have continued to trade at a premium, as they have done since launch, with the average premium during the period being 5.9%. The Board anticipates […]
Assura has released its interim results for the half-year ended 30 September 2015, which the company says has been, “Another period of significant growth”. During the period, the company’s EPRA NAV per share has increased by 5.5% to 46.4p (March 2015: 44.0p). The company also reports a 26.6% increase in net rental income for the six months […]
The Establishment Investment Trust has released its interim report for the six months ended 30 September 2015. During the period, the company’s NAV fell by 11.0% in total return terms with the share price falling by 13.8%. By comparison, the FTSE WMA Stock Market Balanced Index declined 5.7%. However, the managers point out that the […]
Aberdeen Japan has announced its interim results for the half-year ended 30 September 2015. The Trust’s net asset value total return per share fell by 16.3% in sterling terms over the period, compared to the benchmark index’s total return of -9.4%. The manager’s say that the underperformance was largely attributed to stock selection although gearing […]
Juridica has announced that it is throwing in the towel and will shift into realisation mode. The Company will not make new investments (other than for funding existing investments in the Company’s portfolio where such funding is reasonably required to realise maximum shareholder value) and will seek to return capital to shareholders in the most […]
Custodian REIT has announced that it has exchanged contracts to acquire a portfolio of 11 UK commercial properties for an aggregate consideration of £69.4m. Simultaneously, the company has also announced that it has entered into an agreement to extend its existing revolving credit facility with Lloyds Bank from £25m to £35m whilst extending the termination […]
Green REIT has announced that it has entered into a conditional contract with its joint venture partner to acquire full control of Central Park for €155m with an estimated all in cost of €160m. Completion of this acquisition is conditional on the approval of the Competition and Consumer Protection Commission in Ireland. The transaction is […]
Phaunos Timber has announced the sale of two of its four teak plantation assets, from the Brazilian Eucateca estate, for US$ 2.5m. According to the company, the combined properties sold represent 32% of the total 2,193 net planted hectares of teak on the estate and the sale involves an initial payment of US$ 0.5m with […]
JPMorgan US Smaller Companies, managed by Don San Jose (pictured), has announced that it has agreed a new fee structure with J.P. Morgan Funds Ltd, which will take effect from the beginning of the company’s next financial year (1 January 2016). Under the existing fee arrangement the Company’s basic management fee has been 1.20% per annum on […]
Picton Property Income has announced its interim results for the six-months ended 30 September 2015. During the period, the company’s EPRA NAV increased 6% to 73p per share (69p as at 31 March 2015), whilst its EPRA earnings per share increased by 13% year-on-year to 1.8p. The company has posted gains on its investment properties […]
Schroder Income Growth Fund has announced results for the year ended 31 August 2015. During the year under review, the net asset value produced a total return of 3.1%, comparing favourably to a total return of -2.3% for the FTSE All-Share Index. The share price total return for the year was 5.1% as the net […]
NewRiver Retail Limited has announced its interim results for the six-months ended 30 September 2015, which the company describes as providing, “Record profits and strong NAV per share growth”. During the period, the company’s EPRA NAV per share increased by 14% to 287p (Sept 2014: 252p) whilst its EPRA adjusted earnings per share increased by 95% to 13.2p […]
JZ Capital Partners has announced the sale of its investment in Justrite Manufacturing for $21.4m. Justrite manufactures products specifically designed to help workers store, transfer, use and dispose of hazardous materials in a safe and convenient manner and JZ Capital Partners first invested in Justrite in June 2011 alongside an investor group led by the […]
JPMorgan Japan Smaller Companies has announced results for the six months ended 30 September 2015. In the half year ended 30th September 2015 the total return on the Company’s net assets, net of fees and expenses, was -4.5% compared with -5.7% for the Company’s benchmark, the S&P/Citigroup Japan Extended Market Index (Total Return Net) in […]
John Laing Environmental Assets has announced the acquisition of a solar photovoltaic portfolio for a cash consideration, including working capital, of £9.7m. The fully operational 2.3 MW solar energy generation portfolio comprises 303 systems of residential rooftop, commercial rooftop and commercial ground mounted solar PV installations, distributed across England, Wales and Scotland. The company says that […]
The Board of Phaunos Timber Fund has announced confirmation of a forward pulpwood sale agreement for Pradera Roja, a plantation they own in Uruguay, which will realise total payments of $2.4m. The agreement is based on Pradera Roja receiving up-front payments for eucalypt pulpwood that will be harvested up to 2022. Stephen Addicott of Stafford Timberland, the […]
Edinburgh Investment Trust has announced results for the six months ended 30 September 2015. The FTSE All-Share Index delivered a negative total return of -7.2% over this period but Edinburgh’s net asset value total return was +1.1% and, as the fund moved from trading on a 3.5% discount to a 1.7% premium, shareholders got a return […]
Big Yellow’s interims for the six months ended 30 September 2015 show its EPRA net assets per share rising from 481.1p to 505.9p. EPRA earnings per share (adjusted and diluted) rose by 16% to 15.1p. The interim dividend is being hiked by the same amount from 10.4p to 12.1p. Earnings were boosted by higher occupancy – up from 73.5% […]
British Land’s first half results, covering the six months ended 30 September 2015, show the company’s EPRA NAV climbing by 7.5% and its diluted underlying earnings per share rising by 4.6% to 16p . The first half dividend was increased by 2.5% to 14.18p. The valuation of the portfolio increased by 4.7%. That broke down into […]
McKay Securities’s EPRA NAV rose by 4.1% over the six months to the end of September 2015 as it reported a 7.1% increase in the value of its property portfolio. The interim dividend was maintained at 2.7p. McKay Securities underlying profit before tax rose by 33.8% over the period as rental income increased by 20.8% […]
The economic slowdown in China is impacting other countries in Asia and the developed world, and hopes of growth in consumer spending and the services sector coming to the rescue are fading. Rebalancing the economy away from infrastructure investment and traditional industrial drivers, while cushioning the services sector and allowing new industries to develop, is […]
Juridica has announced that one of its cases, Case 5009-S, which involved a theft of trade secret dispute brought by a smaller plaintiff against a much larger company, has completed a trial by jury. In spite of a full win on liability the jury only awarded an amount which will result in a return to […]
Target Healthcare REIT has announced a proposal to issue up to 15,652,803 new ordinary shares (9.99% of its existing share capital) by way of a placing. The company says that it will determine the price at which the shares will be placed based on the level of demand from potential investors, with the price expected to be […]
The Renewables Infrastructure Group that it has raised gross proceeds of £78m from its recent fund raising and that a total of 78m new ordinary shares will be issued at a price of 100p per share. Of this, 16,011,486 new ordinary shares will be issued as the final tranche of the company’s share issuance programme and […]
VinaCapital Vietnam Opportunities Fund has provided an update on its proposed move from trading on AIM to the ‘Premium Segment’ of the London Stock Exchange’s Main Market. The move was scheduled to occur at 7.00 a.m. on 20 November 2015 but has been delayed and is now expected to take place in January 2016. The […]
Schroder Real Estate Investment Trust has announced its interim results for the six-months ended 30 September 2015. During the period, the company’s NAV increased by 5.6% to 60.9p (31 March 2015: 57.7p), whilst the underlying EPRA earnings per share increased by 9% year-on-year to 1.2p (six months to 30 September 2014: 1.1p). The company says […]
International Public Partnerships has announced that it has raised £180m through a placing, open offer and offer for subscription. The company says that the issue was very significantly over subscribed and a total of 137,142,857 shares will now be issued at a price of 131.25p per share. The new shares are expected to be admitted to […]
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