Ediston Property’s NAV total return for the year ended 30 September 2016 was 6.1% (based on a year end EPRA NAV of 107.07p). During the year the share price mostly traded in a relatively tight band around the stated NAV. At the start of the year it was at a 2.3% premium and at the year end […]
Over the year to the end of September 2016 MedicX‘s EPRA net asset value rose by 3.4% to 73.2p. Together with the dividend, the total return on net assets was 11.8%. EPRA earnings per share rose from 3.7p to 3.8p. The total dividend for the year was 5.95p, up from 5.9p for the year before. […]
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 […]
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 […]
Local Shopping REIT’s results for the year ended 30 September 2016 show that it made sales worth £5m over the year while the reminder of its portfolio was valued at £75m at the year end. The fund is in wind up mode and they say that their preferred approach was to dispose of the remainder of […]
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 […]
Aberdeen Private Equity’s results for the six months ended 30 September 2016 show its NAV rose by 9.7% to 146.3p. Inclusive of the 2.2p dividend paid in September 2016, shareholders received a total return of 11.5%. At the September 2016 Annual General Meeting they announced that, in the absence of unforeseen circumstances, they would expect […]
Over the year to the end of September 2016, Electra‘s NAV rose by 35% to 5,149p. The share price ended the period at 4,310p, a total return of 36% for the year. The largest individual gains were generated by: Parkdean Resorts (GBP188 million), AXIO (GBP130 million), Hollywood Bowl (GBP94 million), Elian (GBP79 million) and Allflex (GBP53 […]
John Laing Infrastructure Fund has signed a Sale and Purchase Agreement with John Laing Infrastructure Limited (a wholly-owned subsidiary of John Laing Group plc) in respect of the acquisition of a 100% interest in the A55 Llandegai to Holyhead road PPP project. The A55, running from Holyhead across north Wales, forms part of the Trans-European Transport […]
AEW UK REIT has published interim results covering the period from 1 May 2016 to 31 October 2016. Under European Public Real Estate Association (‘EPRA’) methodology, earnings per share for the period was 3.81 pence and the NAV per share at 31 October 2016 was 95.47p, down from 98.97p. During the period, they paid an […]
The Board of Phaunos Timber has published a presentation that outlines a new strategy for the company. In summary the presentation covers the following: The intention of the Phaunos Board to propose a resolution for the continuation of the company for a further 5 years The potential to provide yields of 3-5% and NAV growth […]
Aberdeen Frontier Markets’ Board says that the number of ordinary s that were tendered is such that the Board is of the view that the continuance of the company as currently constituted is not in the best interests of the continuing shareholders (i.e. the ongoing fund would have been too small). Accordingly it has exercised the right, […]
Dalradian Resources (DALR:AIM) (DNA:TSX) A third stope test was conducted to validate the long-hole mining method on a shallow dipping (50-55 degrees) portion of the vein, located 60 metres below the surface on the V-75 vein at the deepest point of the current development. In comparison Stopes 1 and 2 had dips of 73 degrees and […]
International Public Partnerships Limited (INPP) has announced that it is part of the Quad Gas Group consortium that has agreed to acquire a 61% interest in National Grid’s gas distribution network (GDN). The Company says that it expects to invest up to £275 million, with the remaining risk capital funded by the other consortium partners […]
Tritax Big Box REIT has announced that it has completed the land purchase and exchanged contracts to provide forward funding for the development of a new distribution facility at Prologis Park, Fradley, Staffordshire. The development is pre-let to Screwfix Direct Ltd, whose ultimate parent is Kingfisher Plc The development represents an investment of £52.7 million, […]
In the financial year to 30 September 2016, Henderson European Focus Trust produced total return NAV per ordinary share of 20.4%. This compares to a total return of 21.1% for the Europe ex UK Index in sterling terms. The share price total return was 8.6%. The shares continued to trade in a tight range relative […]
Bluefield Solar Income Fund has announced announce that it has entered into binding agreements to acquire five new build sub-5 megawatt peak ground-mounted solar photovoltaic plants. The projects are being acquired for a total consideration of £22.7m, including transaction costs and working capital. The company says that each plant is expected to become operational before […]
Oakley Capital Investments Limited has announced that it has been informed that Cinven has reached an agreement to sell Host Europe Group, the largest privately owned hosting provider in Europe, to GoDaddy Inc, which it says is the world’s largest cloud platform dedicated to small independent ventures. Oakley Capital Private Equity II took a minority […]
Sequoia Economic Infrastructure Income Fund has announced the results of its recent placing, which took place under its placing programme. The company was targeting a placing of in excess of £40m and, under the terms of its placing programme, has the authority to issue up to a maximum of 120m shares. The company says that […]
Over the six months to the end of October 2016, Monks’ net asset value total return was 25.3%, beating the World Index which returned 23.6%. The share price total return for the same period was 27.5%, with the discount to NAV* narrowing to 8.0%. They say that the biggest positive contributors to performance were technology stocks: US […]
Witan has reviewed the benchmark it uses to measure its performance and has made the following adjustments: UK reduced from 40% to 30% North America increased from 20% to 25% New allocation to emerging markets of 5% They say that Witan’s benchmark, which is used as a reference point for comparing performance, has evolved over […]
The Board of AXA Property Trust Limited has announced that the company has entered into a binding contract for the sale of the property at Rothenberg, Germany. The contracted sales price is EUR22.02 million reflecting a discount of 1.7% below the asset’s independent valuation as at 30 September 2016. Completion is expected at the end of […]
Fidelity Asian Values has announced that, as detailed in its Prospectus dated 26 October 2016, it has made a one for 5 bonus issue of subscription shares and has allotted 13,497,222 subscription shares. The Subscription Price is equal to the published unaudited NAV per Ordinary Share as at 5.00 p.m. on 2 December 2016, plus […]
SVG Capital has announced the results of its general meeting at which shareholders have a proved a change of investment policy, which allows for an orderly realisation of the Company’s assets and to make repurchases in connection with a series of tenders offers, which will allow for a progressive return of cash to shareholders. Following […]
Hummingbird Resources (HUM:AIM) The Project capex for Yanfolila of US$88 million, is now fully funded. After a rigorous due diligence process, Taurus Funds Management Pty Limited has agreed to provide a US$45 million Senior Secured Term Facility and a US$10 million Cost Overrun Facility for the Yanfolila Gold project in Mali. The existing Bridge Loan […]
