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Investment Companies News

Investment companies are companies set up to make investments on behalf of their shareholders (also called closed-end funds and, in specific circumstances, investment trusts).

19 Sep 2014

Riverstone invests in Mexican Exploration and Production company

RSE : Riverstone invests in Mexican Exploration and Production company Riverstone Energy has committed $75m towards a $525m investment in Sierra Oil & Gas. They describe Sierra as Mexico’s first independent exploration and production company. They have the opportunity to double their investment once the first lot of money has been fully committed. The announcement […]

18 Sep 2014

City of London maintains dividend record

CTY : City of London maintains dividend record City of London Investment Trust, managed by Job Curtis (pictured),  has published final results for the year that ended 30 June 2014. Over this period the net asset value delivered a total return of 14.7% which compares favourably with a 13.1% return on the FTSE All-Share Index […]

Sectors
18 Sep 2014

JPMorgan Japan Smaller issuing warrants

JPS : JPMorgan Japan Smaller issuing warrants The Board of JP Morgan Japan Smaller Companies has announced that it is considering issuing shareholders with warrants on the basis of 1 warrant for every 5 shares held. The Board will let shareholders have more details soon.

Sectors
17 Sep 2014

Sherborne discloses why it targeted Electra

ELTA : Sherborne discloses why it targeted Electra Sherborne has today published a long letter that it is asking Electra to send to its shareholders that sets out its reasons for targeting Electra. Sherborne has compared Electra’s performance to the FTSE 250 index from 2004 and, from 2009, unlisted “private equity funds of similar size” and […]

Sectors
Companies
17 Sep 2014
Premier Energy & Water - three years later in a new league 1

Premier Energy and Water scheme effective

PEW : Premier Energy and Water scheme effective Premier Energy and Water has announced that its scheme to move its zero dividend liabilities into a separate company has become effective today. The scheme will allow the fund to prolong its life beyond 2015.

17 Sep 2014
GCP Student posts 1.8% fall in NAV

GCP Student Living first results ahead of target

DIGS: GCP Student Living first results ahead of target GCP Student Living has published its first set of results. These show that it made an annualised total return of 11.5% for the period that ended on 30 June 2014 – ahead of its 8%-10% per annum target. Shareholders got 6.1p in dividends. The triple net […]

16 Sep 2014

Utilico on track to repay zeros

UTL : Utilico on track to repay zeros Utilico Investments results for the year to 30 June 2014 show the fund generating a total return per share of 18.1%. This compares to 13.1% for the FTSE All-Share Index over the same period. The Board has decided to reduce the fund’s gearing by cutting the overall […]

Geographies
  • Australia and New Zealand
  • North America
  • UK
Sectors
Companies
16 Sep 2014

Invesco Perpetual UK Smaller outperforms

IPU : Invesco Perpetual UK Smaller outperforms Invesco Perpetual UK Smaller Companies interim results for the six months ended 31 July 2014 show the fund outperforming the Numis Smaller Companies ex Investment Companies Index over the period – it generated a total return on net assets of -1.6% vs. -2.9% for the index. The Chairman […]

Sectors
Companies
16 Sep 2014

Schroder Real Estate sells last of Wembley site

SREI : Schroder Real Estate sells last of Wembley site Schroder Real Estate has sold the last part of its site in Wembley with the disposal of the Olympic Office Centre for £15.4m. The sale price is £4.65m higher than the valuation attributed to the site at the end of June 2014 and equates to […]

15 Sep 2014

Riverstone investment Eagle Energy buys into Mississippi Lime

RSE : Riverstone investment Eagle Energy buys into Mississippi Lime Riverstone Energy has announced that Eagle Energy Exploration LLC (known as Eagle II) has invested $195m to acquire 20,000 acres in Alfalfa, Grant and Woods counties in Oklahoma. These properties are currently producing hydrocarbons from the Mississippi Lime geological formation. The founders of Eagle Energy, […]

15 Sep 2014

Chenavari makes fourth investment

CCSL : Chenavari makes fourth investment Chenavari Capital Solutions has invested £4m in a new investment. The investment effectively takes the first loss incurred by a book of leveraged loans financed by an unnamed bank. The underlying borrowers are primarily European and UK corporates with credit ratings higher than B-. No more than 2.5% of the […]

15 Sep 2014

Improved cash flow for Alternative Assets

TLI : Improved cash flow for Alternative Assets Alternative Assets Opportunities – the cell company with one cell – US traded life interests – has announced results for the year ended 30 June 2014. The net asset value at the end of June was 44.7p – down from 48.5p the year before. US dollar weakness […]

12 Sep 2014

Advance Frontier Markets underperforms MSCI Index

AFMF : Advance Frontier Markets underperforms MSCI Index Advance Frontier Markets saw its net asset value rise by 22.4% and its share price by 27.9% over the year to the end of June 2014. The MSCI Frontier Markets Index posted a gain of 36.2% over the same period. The manager’s report says that good performance […]

Sectors
12 Sep 2014

Ludgate Environmental NAV falls

LEF : Ludgate Environmental NAV falls Ludgate Environmental’s net asset value fell from 84.2p to 66.5p over the course of the year that ended on 30 June 2014. The company made a distribution of 5p per share in December 2013 which accounts for part of this. The fund’s holding in Terra Nova was written off […]

12 Sep 2014

Rathbone Square flats selling fast

GPOR : Great Portland says its Rathbone Square flats selling fast Great Portland Estates has sold 125 of the available 142 apartments it is building at Rathbone Square W1 (the former post office sorting depot). The 125 flats sold to date have raised £207.2m for the company. The average selling price equates to £1856 per […]

11 Sep 2014

John Laing raising cash to fund three acquisitions

JLIF : John Laing raising cash to fund three acquisitions John Laing Infrastructure is raising up to £50m via a tap issue of stock. The money will be used to fund three acquisitions it announced today. They are spending £39m on a 50% stake in the South East London Police Stations project (four South East […]

11 Sep 2014

Sherborne silent on need for change at Electra

ELTA : Sherborne silent on need for change at Electra Electra has published the circular convening the meeting requested by Sherborne at which it seeks to remove one of Electra’s existing directors and appoint two of its own. It then hopes to lead a strategic review of the company. Incredibly, Sherborne are asking shareholders to […]

Sectors
Companies
11 Sep 2014

Pacific Horizon growth bias pays off

PHI : Pacific Horizon growth bias pays off Pacific Horizon results for the year ended 31 July 2014 were good. The net asset value return was 10.4%, comfortably ahead of the MSCI AC Asia ex Japan Index which returned 4% in Sterling terms. Shareholders did even better as the trust’s discount narrowed, leaving them with […]

Sectors
10 Sep 2014

Fund chiefs optimistic on UK outlook, QuotedData says

Fund chiefs optimistic on UK outlook, QuotedData says Source: http://sharecast.com/news/fund-chiefs-optimistic-on-uk-outlook-quoted-data-says/22009157.html Following is a round-up of views on the UK’s macroeconomic outlook from the chairmen and investment managers at some the UK’s leading investment companies as collated by QuotedData at the end of July: We have seen over the past year a rapid recovery of the UK […]

Sectors
10 Sep 2014

Murray Income’s rating declines

MUT : Murray Income’s rating declines Over the year to 30 June 2014 Murray Income generated a total return on net assets of 14.0%, ahead of the return on its benchmark which was 13.1%. The share price lagged the net asset value however and so the return to shareholders was 9.4%. The dividend for the […]

Sectors
10 Sep 2014

Schroder Real Estate sells site to Barratt Developments

SREI : Schroder Real Estate sells site to Barratt Developments Schroder Real Estate has sold a non income producing site in Wembley to Barratt Developments for £15.25m. Completion is set for 23 September. Schroder Real Estate says the deal will add 3.5% to its net asset value at 30 June 2014. The site has planning […]

10 Sep 2014

Mid Wynd substantially restructured under Artemis

MWY : Mid Wynd substantially restructured under Artemis Mid Wynd results for the period ended 20 June 2014 were announced on 9 September 2014. These showed the fund generating a total return on net assets of 11.7%, ahead of the 10% return on the FTSE World Index. The shares moved to trade on a small […]

Geographies
  • North America
  • Middle East
  • Europe (EU and EEA ex UK)
  • Asia
Sectors
09 Sep 2014

Picton spends last of cash in Peterborough

PCTN : Picton spends last of cash in Peterborough Picton Property is acquiring two retail units in Peterborough, Cambridgeshire for £9.075m. The adjacent properties are on Bridge Street, a pedestrianised shopping street, have 89,000 sq ft of space and are let to TK Maxx and New Look. The rent is just over £7 p sq […]

08 Sep 2014

Good year for Crystal Amber

CRS : Good year for Crystal Amber Crystal Amber’s full year results for the period ended 30 June 2014 show its net asset value climbing by 20.8% to 160.8p. The total return for the year was 21.3% – ahead of the FTSE 250 (16.8%) and the FTSE Small Cap. (19.1%). The report cites positive contributions […]

Sectors
Companies
08 Sep 2014

Macau Property Opportunities frees up $33m of cash

MPO : Macau Property Opportunities frees up $33m of cash Macau Property Opportunities has refinanced some of its properties – debt facilities linked to One Central Residences and the Green House in Macao have been extended or renegotiated. the net effect is to free up $33m of cash giving MPO $55m of cash for future opportunities.

Sectors
08 Sep 2014

Bluefield Solar wants to expand onto commercial and industrial rooftops

BSIF : Bluefield Solar wants to expand onto commercial and industrial rooftops Bluefield Solar Income has published its first Annual Report. This covers the period from the incorporation of the company in May 2013 and the listing of the fund in July 2013 through to the end of June 2014. Over the period the fund […]

08 Sep 2014

Schroder UK Growth loses manager

SDU : Schroder UK Growth loses manager Schroder UK Growth has announced that Julie Dean is leaving Schroders. The Board has held discussions with Schroders and has resolved that Schroders’ Business Cycle Investment team should continue to run the fund for the moment. However the Board has also said that it “will consult with its […]

Sectors
08 Sep 2014

Electra buys ten pin bowling company

ELTA : Electra buys ten pin bowling company Electra is buying The Original Bowling Company – the UK’s largest ten pin bowling operator – for £91m. Electra Private Equity is committing £51m to this. The Original Bowling Company has 43 centres – 29 operating as Hollywood Bowl and 14 as AMF. The announcement says that […]

05 Sep 2014

Jupiter European lags benchmark

JEO : Jupiter European lags benchmark Jupiter European Opportunities Trust has published its results for the year ended 31 May 2014. Over that period the net asset value rose by 11.8% vs. 13.4% for the FTSE World Europe ex UK Index. The company’s share price rose by 12.2%. The fund is paying a maintained dividend […]

Sectors
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