JPMorgan Japan Smaller Companies Trust reports that its NAV return for the half year ended 30th September 2016, was 14.1% (15.4% adjusting for the effect of the subscription shares), versus 22.5% for the benchmark. The share price total return was 16.5%. The Board was notified during the period of Naohiro Ozawa’s decision to resign from […]
The £733m Woodford Patient Capital trust appeared in the top ten worst performing funds in NAV terms in October according to the latest research from investment company analysts QuotedData. The trust, ran by star manager Neil Woodford, was down 5.1% for the month, making it the fifth worst performing fund in NAV terms in the […]
Henderson International Income Trust very marginally underperformed its benchmark over the year to 31 August 2016. The total return on the net asset value was 26.9%. The return on the ordinary share price was 24.0%. These returns compare to a total return of 27.2% in the MSCI World (ex UK) Index (sterling adjusted). They also announced a dividend […]
Savannah Resources Plc (SAV:AIM) Announces an initial resource estimation on the Jangamo and Dongane deposits which form part of the Mutamba project in Mozambique. Savannah currently holds a 10% interest in the Mutamba project with partner Rio Tinto and has the right to earn 51% upon completion of key milestones. CEO, David Archer said: “Savannah believes that […]
HgCapital, the Manager of HgCapital Trust has announced that is has made an investment in Evaluate Group, a London-headquartered provider of commercial intelligence to the global life sciences industry. The terms of this transaction have not been disclosed. HgCapital Trust plc will invest in Evaluate, alongside other institutional clients of HgCapital, who will participate through […]
Electra Private Equity has announced proposals to return up to £200m to shareholders via a tender offer. The company says that Morgan Stanley & Co. International plc or to act as principal and a circular dated 8 November 2016, containing the full terms and conditions, together with a Tender Form and details of a General […]
The commitment period of FOIF LP (the “Master Fund”) in which Fair Oaks Income Fund is invested ended in June 2016. The Company has subsequently introduced a redemption mechanism to return to Shareholders capital realised from the Master Fund and has made its first distribution under that mechanism. Fair Oaks Capital Limited, the Company’s investment […]
Fidelity Special Values just failed to keep pace with its benchmark over the year to 31 August 2016, delivering a NAV return of 9.9% against 11.7% for the index. The total dividend for the year is 3.7p, 10.4% higher than last year. The discount widened from 2.0% at the start of the reporting year to 10.0% […]
Over the six months to the end of September, both Scottish Mortgage’s net asset value (NAV) and price per share rose by 25% on a total return basis; for context, the FTSE All World Index rose by 18% over the same period. All three of these figures were favourably influenced by the falls in the pound against […]
BACIT plans to expand its investment policy and grow its assets under management with a couple of deals. This will nudge the fund towards becoming more of a life sciences company. BACIT is hoping to acquire Syncona LLP, a limited partnership vehicle founded by Wellcome Trust. this has an existing portfolio of life science investments. The […]
International Biotechnology Trust outperformed the Nasdaq Biotech Index over the year to the end of August 2016 as the fund’s NAV return was -1.7% against -3.8% for the index. Unfortunately, the discount widened from 5.7% to 13.5% and therefore the return to shareholders was -9.8%. Quoted portfolio The quoted portfolio outperformed the NBI by 1.1% in the […]
Over the year to 31 August 2016, Chelverton Growth Trust’s NAV increased from 54.95p to 62.53p – an increase of 13.79% a significant outperformance over the Company’s benchmark index, the MSCI Small Cap UK Index which rose by 3.78%. On the share price, the chairman says “It would be my reasonable expectation that the share […]
The Board of AXA Property Trust Limited is pleased to announce that the company, together with its joint venture partner, has entered into a binding contract for the sale of the property at Agnadello, Italy. The sales price reflects a discount of 1.3% below the asset’s independent valuation as at 30 September 2016. Completion is […]
The Board is pleased to announce that Rodenhurst Estates Limited (the property owning subsidiary of Highcroft Investments PLC) has today agreed the sale of a freehold warehouse on the Heathcote Industrial Estate, Warwick to a private investor. It is expected that contracts will be completed within one month. Built in the early 1990’s, the property […]
Biotech Growth’s net asset value per share increased 20.5% during the six month period ended 30 September. The Company’s benchmark, the Sterling-adjusted NASDAQ Biotechnology Index, increased 23.2% during the same period. The Company’s share price increased 21.7% during the period. Currency movement contributed significantly to performance, as the Dollar appreciated 10% relative to the Pound […]
Anglo Asian Mining Plc (AAZ:AIM) Gold, copper and silver production & exploration in Azerbaijan; the company posted an updated investor presentation today. The presentation provides details of the all in sustaining costs per ounce of gold produced at their Gedabek mine in Western Azerbaijan. Target production for the full year to 31 December 2016 is 73k – […]
Highland Gold Mining (HGM:LSE) Three operating mines in Russia and a pipeline of promising development projects. 9-months production 191,752 oz AuEq (2015:191,408 oz ). Q3 production 63,096 oz AuEq, 11% decrease from Q3 2015. Mnogovershinnoye: Recovery rates improved to 92.1% from 91.9% Q3 2015. Average grade improved to 2.42 g/t from 2.22 g/t in Q3 […]
For the year to 31 August 2016, Edinburgh Dragon’s NAV rose by 31.9% on a total return basis. This was slightly less than the MSCI All Country Asia (ex Japan) Index ‘s increase of 33.0% in sterling terms. Most of these returns were generated in the second half of the year when Edinburgh Dragon’s performance picked up, […]
3i Infrastructure says it generated a total return of GBP74 million in the six months to 30 September 2016, or 5.0%, in line with its target of 8% to 10% per annum to be achieved over the medium term. Foreign exchange movements in the period, following the depreciation of sterling, contributed 1.2% to the total return. […]
Sirius Real Estate continues to reduce the average cost of its borrowings. It has confirmed it has completed a new 7 year EUR70 million banking facility with BerlinHyp with an all-in fixed interest rate of 1.48% for the term of the loan. This replaces an existing EUR39.3 million facility which was incurring an all-in fixed […]
The board of directors of Global Resources Investment Trust confirm that they have today repaid GBP1.0 million nominal of 9% Convertible Unsecured Loan Stock 2017 to LIM Asia Multi-Strategy Fund Inc. As announced on 28 October 2016, it expects to repay the balance of GBP1.5 million nominal of 9% Convertible Unsecured Loan Stock 2017 to LIM from […]
Axa Property Trust reports that its Net Asset Value at 30 June 2016 was GBP38.7 million (30 June 2015: GBP49.4 million). Adding back to the NAV the GBP16.2 million capital returned during the quarter, the NAV increased by GBP5.5 million (11.2%). In pence per share, the NAV rose from 57.6p to 67.2p, an increase of 16.6% […]
Gemfields (GEM:AIM) Operational update for 3 month period ending 30 September 2016, the first quarter of the 2017 financial year. Ian Harebottle, CEO of Gemfields , commented: “Work on new projects continues apace and plans remain on schedule to meet our annual target production of 40 million carats of rough emeralds from Kagem and 20 million carats of […]
Foresight Solar Fund has announced that it has completed the acquisitions of the remaining minority equity positions in its 10MW Southam Asset (30% minority position acquired), 9MW Paddock Wood asset (41% minority position acquired) and the 15MW Atherstone assets (22% minority position acquired). The company says that the acquisitions are the first from its previously […]
The Board of Schroder European Real Estate Investment Trust has announced the exchange of contracts for the purchase of a EUR30.1 million office property located in Saint Cloud, Paris, reflecting a net initial yield of 9.5%. The asset is fully income producing and comprises part of an established office complex in Saint Cloud, a densely […]
Livermore Investments Group Limited has announced that it has sold its subsidiary Livermore Investments AG, which holds the Wyler Park property located in Bern, Switzerland, for net proceeds of CHF 57.8m on 28 October 2016. LIV : Livermore sells Wyler Park Bern
The Board of JPMorgan Russian Securities says that, with effect from 1st November 2016, the company’s benchmark will be changed to the RTS Index in sterling terms (RTS). The Company’s previous benchmark was the MSCI Russia 10/40 Equity Indices Index in sterling terms. Having consulted with major shareholders, the Board has decided that the RTS […]
Savannah Resources Plc (SAV:AIM) Releases drill results for 19 diamond holes located on Blocks 4 & 5 in the Sultanate of Oman; results from Mahab 4 have returned some of the broadest and highest-grade results at the project to date. Savannah is earning 65% interest in Al Thuraya LLC, the owner of Block 4 and is a […]
Wolf Minerals reports progress in ramping up to full production at its Drakelands tungsten/tin open-pit mine. In the September quarter, the plant processed a record 505,414t of ore to produce almost 30,000t of concentrate, also a record. The Drakelands mine, which commenced production in September 2015, has struggled to reach planned production rates owing to […]
Centamin Plc (CEY:LSE) (CEE:TSX) Centamin reported Q3 production of 148,674 oz Au, a 6% increase over Q2 2016 and 41% higher than Q3 2015. AISC US$644/oz Au. Ongoing optimisation of the process plant resulted in a recoveries of 89.7% up 0.2% from Q2 2016. Full year production is expected towards the upper end of guidance, 520koz […]
