A strategic review of European Real Estate Investment Trust has taken place between the manager and the board. Following the sale of the Panrico assets on 28 July 2016, La Gaude in Nice is their last remaining property and needs to be sold as soon as practicable to ensure the liquidation process can be completed. […]
LXB Retail is working to return cash to shareholders. They reported a fall in net asset value of 7.5p per share for the six months ended 30 September 2016, after adjusting for a return of capital of 38.0p per share in June 2016. The major constituents of this reduction are: losses caused by delays in the […]
Securities Trust of Scotland reports that, for the six month period ended 30 September 2016, its net asset value total return was 13.7% and the share price total return was 17.6%. This compares to the peer group median performance of 14.2% over the same period. The revenue return per share for the six months was 3.07p, an […]
Over the six month period to 30 September 2016, Martin Currie Asia Unconstrained reports that, on a total return basis, the net asset value of the company increased by 19.5% while the share price gained 18.5%. The results are ahead of the headline GDP for countries in our universe growing approximately 10.8% over the last […]
Perpetual Income & Growth underperformed its benchmark over the six months ended 30 September 2016, returning 4.8% against a return of 12.9% for the UK market. The share price increased by 2.4%, rising from 375.6p to 384.5p per share, with the discount to NAV per share narrowing marginally from 5.1% to 4.7% over the same […]
James Carthew, QuotedData’s research director, was interviewed for Investors Chronicle’s weekly podcast on 18 November. To listen, click here
New India has announced its interim results for the six months ended 30 September 2016. During the period, the trust’s NAV per share increased by 21.5% to 439.98p while the Ordinary share price also gained by 21.5% to reach 380.75p. By comparison, the trust says that its benchmark MSCI India Index increased by 21.6% and […]
Alpha Real Trust, talking about the six month period ended 30 September 2016 (which was a difficult one for many property companies), reports: Its NAV per share rose to 151.9p from 137.9p on 31 March 2016, an increase of 10.1% Adjusted earnings per share of 3.9p for the six months ended 30 September 2016 (3.0p: six months ended […]
CATCo Reinsurance Opportunities has announced that, following its announcement, on the 14 November, of the unaudited net asset value of the Company’s Ordinary Shares and C Shares as at the close of business on 31 October 2016, the Company notes that its ordinary Shares and C Shares were trading at a 0.25% discount and a […]
Over the six months to 31 October 2016 Personal Assets Trust’s net asset value per share rose by 7.5% to GBP394.85. Its share price rose by GBP24.50 to GBP397.00 over the same period, being a premium of 0.5% to the Company’s NAV at that date. They are paying quarterly dividends of 140p per share. At the end of the […]
GCP Infrastructure Investments has announced a placing of new Ordinary Shares under its placing programme. The Placing will seek to raise gross proceeds of approximately £60 million in accordance with the prospectus. The company says that the placing is being effected to allow it to take advantage of a number of attractive investment opportunities in […]
Great Portland’s EPRA NAV has slipped by 4% over the six months ended 30 September 2016 to 813p. Total net assets at the end of the period were £2,827m. EPRA profit before tax of GBP28.3 million, was up 16.5% on H1 2015. this translated into a 20.3% increase in EPRA earnings per share to 8.3p. The interim dividend […]
Better Capital is raising cash from its portfolio and restructuring one investment. Gardner Yesterday they said they had received a cash offer from Shaanxi Ligeance Mineral Resources Co. Limited for its interest in Gardner Aerospace Holdings Limited. The price equates to an enterprise value of £326m. The 2009 cell’s share of the proceeds net of costs and […]
HgCapital, the Manager of HgCapital Trust, has announced an investment in fundinfo AG, which it describes as, “a technology platform for fund data and documents publication and dissemination to the global fund industry, headquartered in Zurich”. The terms of this transaction have not been disclosed. HgCapital Trust plc will invest in fundinfo, alongside other institutional […]
SVG Capital has announced that, further to its announcement on 18 October 2016 regarding the proposed sale of 100% of its investment portfolio and wind down, it has published a circular for shareholders with details of: a proposed change of investment objective and policy; a proposed sale of the Company’s investment portfolio (completion of which […]
Utilico Emerging Markets Limited’s net asset value total return per ordinary share was positive at 13.3% in the six months to 30 September 2016, below the MSCI Emerging Markets Total Return Index’s positive 19.8%. Earnings per share of 5.10p comfortably cover the dividends of 3.25p in respect of this period. The cumulative retained revenue reserves […]
TwentyFour Income Fund has announced its interim results for the six months ended 30 September 2016. During the period, the company’s NAV increased by 6.3% to 110.23p per share and it also declared 3p of dividends. The share price increased by 5.9%. The company’s chairman, Trevor Ash, says that for the majority of the period […]
Amedeo Air Four Plus says it wants to buy two Airbus A380-800 planes for leasing to Etihad. They want to buy the first of these in March 2017 and the second in May 2017. Shareholders will have the chance to approve the deal at a meeting planned for 14 December. 40,250,000 new shares were issued in Amedeo’s July […]
New River Reit has announced results for the six months ended 30 September 2016. David Lockhart, Chief Executive commented: “I am pleased to report that NewRiver has again produced growing cash profits from its high quality and defensively positioned portfolio. We have a proven track record of generating secure income returns and delivering a growing […]
Japan’s economy could be given a significant boost by a US-Japan alliance, analysts have predicted. James Carthew, research director for QuotedData claimed the implications for Yen risk-asset markets are “poised to be positive”…. Read more here Trump bodes well for Japan
Shires Income has announced its interim results for the six months ended 30 September 2016. During the period, the trust provided an NAV total return of 15.9% and a share price total return of 16.4%, both of which outperformed its FTSE All-Share Index benchmark, which it says returned 12.9%. The trust’s chairman, Anthony B Davidson, […]
Sierra Metals (SMT-CN) The discovery of a new high grade sulfide zone 200 meters north of the central mine, along strike and adjacent to current mining activities, contributes to the future growth potential of the company. Underground drilling intersects several wide high-grade copper, lead, zinc and silver sulfide intercepts at the Cuye-Mascota area of the […]
British Land has published figures covering the six months ended 30 September 2016. Its EPRA NAV reduced by 3.0% to 891p over this period. Adjusted diluted earnings per share rose 20% to 19.3p helped by a 16.4% increase in its underlying profit before tax to GBP199 million. They say this was driven by like-for-like income growth of […]
VinaLand Limited says it has divested its stake in Project Ceana. The project, acquired by VNL in 2007, is a 7.3 hectare parcel of land located in Dien Ban District, Quang Nam Province and has approval for a future villa resort development. VNL has disposed of its entire stake at a total valuation 12.9% above […]
Schroder Real Estate says its NAV fell from 62.2p to 61.1p over the six months ended 30 September 2016. They are also reporting a 10% increase in underlying EPRA earnings per share to 1.3p. Based on the two 0.62p dividends they declared for the period, dividend cover is 106%. The NAV total return for the […]
HICL Infrastructure reports that over the six months to 30 September 2016 it delivered a 2.5% rise in NAV per share to 145.7p, up from 142.2p at 31 March 2016. Earnings per share were 6.1p (2015: 5.6p). Net operating cash flow of GBP60.9m (2015: GBP58.9m) covered the interim dividends paid in the six month period 1.26 times (2015: […]
Standard Life Equity Income says that, taken in isolation, its headline numbers for the year to 30 September 2016 do not make pleasant reading. The Net Asset Value Total Return for the year was 0.9%. By contrast, the FTSE All-Share Index returned 16.8%. Unsurprisingly, the share price has suffered over the last twelve months. The discount widened […]
Savannah Resources (SAV:AIM) Final results for the resource drilling program at the Mahab 4 prospect in Block 5, Oman reveal high grade zones of copper. Mahab Resource Drilling: [email protected]% copper, 0.62% zinc and 0.22 g/t gold from 109.1m. Mahab 4: [email protected]% copper, 1.13% zinc and 0.3 g/t gold from 18.6m incl. [email protected]% copper, 2.1% zinc and 0.4 […]
Trinity Capital says that its subsidiary, Trinity Capital Mauritius Limited, completed the realisation of its investments in Trinity Capital (One) Limited and Trinity Capital (Five) Limited on 15 November 2016. Disposal proceeds of GBP8.7 million were received by Trinity Capital Mauritius Limited. The only remaining investment is Trinity Capital (Ten) Limited, held together with Immobilien […]
In the year to 30th September 2016, JPMorgan Japanese’s total return on net assets was 36.0% in sterling terms, compared with the Tokyo Stock Exchange First Section (TOPIX) Index (the benchmark), which rose by 31.7%. The returns are calculated on a total return basis in sterling terms and were improved by the movement in the […]
