Patagonia Gold Plc (PGD:AIM) Gold and silver production has commenced at Cap-Oeste mine in the Santa Cruz province, Argentina. The first doré pour was completed 27 October 2016. The production forecast for the project’s 24 month life of mine is estimated to be 82,000 oz AuEq. Ramp-up to full production capacity is complete. To date 100,000 […]
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 […]
Coal of Africa Limited (CZA.L) Significant progress has been made in the identification of possible cash generating assets. Management is in discussions with current shareholders and potential investors to ensure any possible acquisition can be appropriately funded. Net cash for quarter ended September 30th, 2016 was US$11.9m. David Brown the CEO commented: “The increase in thermal […]
CQS New City High Yield Fund says its net asset value total return was 1.0% for the year ended 30 June 2016. The share price total return for the same period was 4.7% and the premium increased to 3.5%. The fund’s earnings per share were 4.50 pence for the year, essentially unchanged from the 4.51 pence earned the previous […]
Over the year to the end of June 2016, VinaCapital Vietnam Opportunity Fund beat its benchmark, the VN Index, by over 10%. The fund’s NAV returned 15.3% in US dollar terms against 4.3% for the index. Listed equities were 47.9% of the portfolio at 30 June 2016, down from 52.4% the previous year. this part of […]
Would you turn to one of the specialist investment trust sectors if it could pay you an income of more than 6 per cent? Given the increasing scarcity of high income-generating assets, investors have grown used to ‘paying up’ for yield by buying into investment trust shares for more than their intrinsic value. read more […]
Terra Capital has won its battle with the Macau tax authorities. Following the sale of the AIA tower, the Fund sought to be allowed to deduct the accumulated, but not applied, depreciation from the selling price, thereby reducing the taxes due by about $1.9 million USD. Terra Capital won the initial court case but the Macau […]
Golden Prospect Precious Metal’s interim results, covering the six months ended 30 June, reflect the strength of the gold price and the weakness of the pound during that period. The NAV rose by 130% over the year. This performance is ahead of comparable indices and in line with the GDXJ ETF. The manager says that […]
Redefine International has announced its results for the year ended 31 August 2016. Its EPRA NAV per share fell to 40.0p (2015: 41.0p), a decrease of 2.4%, incorporating a one-off impact of AUK portfolio acquisition costs and a 1.0% increase in UK Stamp Duty Land Tax. Earnings per share were flat at 3.2p and they are […]
UK Mortgages has published its first set of accounts, covering the period from 10 June 2015 to 30 June 2016. At the end of the period, the NAV was 94.95p, the share price 96.75p and they had declared dividends totalling 3p for the period. They say that the pace of investment has been slower than […]
Mariana Resources Ltd. (MARL:AIM) (MRA:TSXV) Reports assay results for Hot Maden Project; a total of 13 infill and extension, diamond drill holes with drill log data provided for a further 7 holes for which assays are pending. The drill program is to reduce drill hole spacings to 25m intervals in order to provide detailed geotechnical data for […]
Fidelity Asian Values’ NAV increased by 33.8% over the year ended 31 July 2016, outperforming its benchmark by 18%. The company delivered a return to shareholders of 33.3%. The board is recommending a dividend of 4.50 pence per ordinary share, an increase from 2.00p in 2015. Fidelity Asian Values plans bonus issue of subscription shares Fidelity Asian Values’ board […]
JZ Capital Partners has announced its interim results for the six-month period ended 31 August 2016. JZCP’s net asset value per share increased from $10.15 to $10.40, or 2.5% in dollar terms, equating to a 3.9% total return in dollar terms. The Board has declared an interim dividend of 15.5 cents per share, compared to 16 cents (paid […]
Sale of intu Bromley intu properties plc has exchanged contracts to sell its 63.525 per cent stake in intu Bromley to Alaska Permanent Fund Corporation (‘APFC’) for GBP177.9 million, representing a premium to its 30 June 2016 valuation of GBP175.9 million. The topped-up net initial yield based on market value at 30 June 2016 was […]
Target Healthcare REIT Limited has completed the acquisition of a purpose built care home in Tonbridge, Kent. They paid approximately GBP12.2 million for the property, including acquisition costs. Target Healthcare had previously entered into a forward commitment to acquire this property. This is a purpose built home which was completed in early October 2016. It has 101 bedrooms […]
During the six months ended 31 August 2016, BlackRock Smaller Company’s net asset value increased by 8.8% to 1079.28p per share, marginally underperforming its benchmark by 0.7%. The fund’s share price increased by 3.8% to 895.5p per share over the same period. The FTSE 100 Index rose by 11.2% over the period, the FTSE 250 Index […]
Aberdeen Asian Smaller Companies reports a “good set of results for the year ended 31 July 2016”. The net asset value total return was 18.4%, while the share price increased by 19.4% reflecting a slight narrowing in the discount from 11.9% to 11.4%. In comparison, the MSCI AC Asia Pacific ex Japan Index returned 17.6% and […]
Petra Diamonds (PDL-LN): Q1 2017 (1 July – 21 October 2016), production up 30% over Q1 2016 to 1,097,523 carats, due to the positive increase to initial production from undiluted areas, improving run-of-mine (RoM) grades at both Cullinan and Finsch and increased tailings production from Kimberley Ekapa Mining. The company is on track to be cash flow […]
Goldbridges Global Resources (GBGR:LSE) The Sekisovskoye underground gold mine is progressing towards the medium term target of 100k oz Au per annum in 2019; ontime and within budget. Ore bodies 3 and 8, accesible by the second decline are now able to deliver ore to the processing plant and are expected to deliver a significant […]
Wolf Minerals has reached agreement with its major shareholders, its lenders and its concentrate offtake partners on a funding arrangement to ensure its Drakelands tungsten/tin mine can continue to ramp up operations to full, commercial production. The key points of the agreement are: 1. A standstill of the senior debt conditions until either Devon County […]
Rambler Metal & Mining (RMM-LN) (RAB-CN) The company achieved their production target of 241,080 dry metric tons milled at the Ming Mine, a 12% increase over fiscal year 2015. Achieved lower C1 costs of US$1.72 /lbs down from US$2.11/lbs in fiscal 2015. The copper grades of 2.12% and gold grades of 1.40 g/t were in […]
Ahmet Sinan Kalpakçıoğlu (born in 1961) has been indicted for aggravated theft of money from two group companies while serving as The Ottoman Fund’s CFO in Turkey. If convicted, Kalpakçıoğlu faces in excess of twelve years’ imprisonment and fines. On 19 October the Istanbul 8th Criminal Court of First Instance accepted the indictment and set a […]
Firestone Diamonds (FDI-LN), The company recovers its first diamonds from the Liqhobong Diamond mine in Lesotho, owned 75% by Firestone and 25% by the Government of Lesotho. Initial recoveries are as expected and confirm presence of fancy yellow diamonds. Commissioning is 96% complete. Waste stripping is on target and ramp-up to commercial production has commenced. […]
Jubilee Platinum (JLP-LN) Q3 2016 chromite concentrate production from the Dilokong Chrome mine (DCM) tailings project was 28,559 tons an increase of 88.04% from Q2, 2016. The revenue generated from chromite concentrate sales increased 108.22% to £2.09m over Q2, 2016. Chromite project earnings were up 108.13% to £1.55m over Q2. Earnings attributable to Jubilee, for […]
Manchester & London reports that, for the year ended 31 July 2016, its NAV increased by 19.8% which they compare to a 4.0% return on the Dow Jones U.K. Total Stock Market Total Return Index. The discount the Shares trade at to their Net Asset Value per Share has widened by 2.2 per cent during […]
Over the twelve months to 31 August 2016, BlackRock Greater European’s net asset value per share increased by 16.9%, compared with a rise of 15.4% in the FTSE World Europe ex UK Index. The share price rose by 13.8% over the same period. The Board is proposing the payment of a final dividend of 3.65p […]
Bluefield Solar Income Fund has announced the results of its recent placing. The company says that commitments for 60,000,000 new ordinary shares were received and will be issued at a price of 101p per share, raising gross proceeds of approximately £60.6m. The New Ordinary Shares, which represent approximately 19% of the issued ordinary share capital […]
