Custodian REIT has acquired a 36,168 sq ft retail warehouse in Leighton Buzzard, located 10 miles from junction 12 of the M1. Nearby occupiers include Tesco, Aldi and Waitrose. The property is let to Homebase Limited on a lease expiring on 22 December 2023 with a current passing rent of GBP524,436 per annum, reflecting a net […]
North American Income Trust reports that, over the six month period to 31 July 2016, the Company’s net asset value per share rose by 28.0% on a total return basis, in sterling terms, outperforming both its reference indices, the S&P 500 and the Russell 1000 Value, which provided total returns of 21.0% and 23.2% respectively […]
Electra Partners is pleased to announce that, following the successful initial public offering (“IPO”) of its portfolio company Premier Asset Management Group PLC, it expects to partially realise Electra Private Equity PLC’s (“Electra”) investment in the business. Based on the offer price, Electra’s investment in Premier has a value of GBP46 million, an uplift of […]
Project Finance Investments Limited has announced that it has made a 16 year loan in an amount of up to GBP12.8 million to finance the construction and operation of a care home which, upon completion in 2017/18, will comprise c. 67 units. The loan is secured by way of first ranking charges against the property […]
HarbourVest has made a statement to the effect that it notes that despite the Board of SVG Capital stating on 3 October 2016 that it would be in a position to update Shareholders as to its discussions with other parties by this morning, no announcement has been made. This came out at 13:14 today. SVG […]
In the twelve months ending 30 June 2016, JPEL Private Equity’s NAV per US$ Equity Share increased by $0.15 or 11.8% to $1.42, however, JPEL’s US$ Equity Share price declined 3.6% during the fiscal year from $1.00 to $0.97. Subsequent to the period, JPEL’s US$ Equity Share price increased from $0.97 to $1.04 on 29 […]
The Board of SVG Capital notes the speculation around the identity of a unit of Goldman Sachs and the Canadian Pension Plan Investment Board (“CPPIB”) as consortium members linked to a possible alternative transaction for SVG Capital plc. As announced on 16 September, 2016, the Board was in discussions with a number of parties who […]
International Public Partnerships Limited has announced a further investment in the US military housing sector. This additional investment marks the continued growth of its investment portfolio in the United States. The Company has invested approximately US$32.0 million (GBP24.6 million) into further interest-bearing subordinated debt instruments. The tranche of interests now being acquired are secured on the […]
On 29 September 2016 Dolphin Capital signed a binding agreement to sell its 49.75% stake in Aristo Developers Ltd (“Aristo”) to Mr. Theodoros Aristodemou for a EUR45 million cash consideration. This represents a 70% discount to the carrying value as at 31 December 2015 on a pro-forma basis reflecting Aristo’s debt restructuring agreed with Bank […]
City Natural Resources has published results for the year ended 30 June 2016. At 30 June 2016 your Company’s net asset value stood at 127.4 pence per share, giving a net asset value total return for the year of 10.7 per cent. The benchmark index returned 14.2 per cent. The Company’s ordinary share price total […]
Marwyn Value Investors reports that, over the six months ended 30 June 2016, its NAV decreased by 29.4p to GBP2.0978, a fall of 12.29%, representing a -9.95% total return assuming dividend reinvestment, compared with an increase in value of the FTSE All-Share of 2.07% over the same period. The reduction in NAV per ordinary share over […]
Following disappointing performance in the previous financial year, the Board of Dunedin Income & Growth were pleased to report an improvement during the six month period ended 31 July 2016, with strong absolute and relative returns. The Company’s net asset value increased by 15.6% on a total return basis, comparing favourably with a total return […]
Custodian REIT has announced the acquisition of a GBP26.75 million portfolio of properties. The portfolio comprises 10 light industrial sites spread throughout the UK with a current passing rent of GBP2.21 million reflecting a net initial yield of 7.86%, with an expected reversionary yield of 8.03%. The portfolio’s weighted average unexpired lease term (“WAULT”) is 5.4 […]
Jupiter Dividend & Growth reports that its total assets less current liabilities fell by 5.7 per cent. to GBP50,884,000 during the six months to 30 June 2016. By comparison, the benchmark index, the FTSE All-Share Index, rose by 2.1 per cent. (in capital terms) during the same period. The Net Asset Value of the Common shares decreased […]
Pacific Alliance China Land Limited has announced its financial results for the six months to 30 June 2016. Net asset value as at 30 June 2016 was US$133.69 million, representing US$2.1704 per share, a 3.97% decrease from 31 December 2015 (US$234.8 million). On 30 June 2016, the Company’s share price closed at US$1.88, representing a 2.3% decrease from […]
Over six months ended 31 July 2016, BlackRock Emerging Europe’s net asset value per share returned +17.4% and the share price +19.4% in US dollar terms and +25.4% and +27.6% respectively in sterling terms. By contrast, the MSCI Emerging Europe 10-40 Index returned +14.6% in dollar terms and +22.4% in sterling terms. It was agreed in June 2013 that, […]
Over the six months ended 31 July, Pacific Assets’ net asset value per share total return was +21.0%. The Asia Pacific benchmark rose by 23.9%. The largest contributions to performance came from Marico, TSMC, Chroma Ate, Ayala Corp and Airtac International – between them adding 6.8% to the NAV. The largest detractors were MTR, Bata […]
SVG Capital says The Board believes that Harbourvest’s offer undervalues the company and recommends that shareholders do not accept HarbourVest Bidco’s Offer of 650p per share. Since the announcement of the change of the Company’s investment strategy in December 2011, SVG Capital has reported NAV and share price growth of 18.5% p.a. and 24.0% p.a. respectively (as at […]
Target Healthcare REIT has published results for the year ended 30 June 2016. The Group’s EPRA NAV per share increased by 2.8 per cent to 100.6 pence. When combined with dividends paid during the year, this has provided a NAV total return of 9.3 per cent. EPRA earnings have increased by 20 per cent to […]
Further to the announcement dated 1 August 2016 of a review into the investment objective and policy, BlackRock Income Strategies’ Board has considered a number of factors. These include the performance of the investment portfolio, the cost of the company’s debt, the cost of paying the dividend and its discount management policy. The Board has now decided to […]
Witan Pacific has announced its interim results for the six months ended 31 July 2016. During the period, the trust provided an NAV total return of 22.8% and a share price total return of 19.5% (the discount widened from 10.9% to 13.4% during the period although the trust’s chairman, Sarah Bates, says that there was […]
Livermore Investments has published its interim results covering the six months ended 30 June 2016. The NAV of the Group as of 30 June 2016 was USD 0.86 per share, up from USD 0.77 per share at 31 December 2015. The Group generated net income of USD 6.18m (30 June 2015: USD 1.96m), which represents […]
Tritax Big Box REIT has announced details of a placing, open offer and offer for subscription of new ordinary shares, in aggregate equalling up to 113,636,364 new shares, at a price of 132 pence per new share. The target size for the fund raising is £150m and the issue price represents a discount of 7.1% […]
Private Equity Investor has announced that it has made applications to the FCA to remove the listing of its shares from the Official List and to the London Stock Exchange to cancel trading in its shares on the London Stock Exchange’s market for listed securities. Private Equity Investor also says that, in connection with the […]
Kennedy Wilson Europe Real Estate has announced that it is launching a share buyback programme. The company says that the programme will involve the immediate launch of on-market purchases of ordinary shares in the Company, for a maximum aggregate purchase price of £100 million, and shares bought back under the programme will be cancelled. The […]
Genesis Emerging Markets has published its results for the year ended 30 June 2016. The MSCI Emerging Markets (TR) Index fell 11.7% in US dollar terms over the year. However, for UK investors the dramatic weakening of sterling against the US dollar during the weeks around the EU referendum meant that in sterling terms the […]
Blackstone/GSO Loan Financing has published interim results for the six months ended 30 June 2016. The Board says it is pleased with a positive Net Asset Value total return of 7.75% for the period from 1 January 2016 to 30 June 2016. During the period covered by this Half Yearly Financial Report, the company targeted a […]
Highbridge Multi-Strategy Fund has announced that it has been notified by AllBlue Limited and AllBlue Leveraged Limited that further distributions of redemption proceeds were initiated this week. The company says that, as a result, it expects to receive proceeds equivalent to approximately £24 million by the 5 September 2016. The company says that, following receipt […]
Project Finance Investments (soon to be renamed as GCP Asset Backed Income Fund Ltd) has published its first set of figures since listing (covering the period from 7 September 2015 to 30 June 2016). At the end of the period the NAV per ordinary share was 99.47 pence and the NAV per C share was 97.62 pence. The […]
ICG Enterprise Trust (previously Graphite Enterprise Trust) has announced its interim results for the six months ended 31 July 2016. The period is the first six months under the new manager ICG Alternative Investments. The company says that the net asset value, as at 31 July 2016, is £566m million or 798p per share (31 […]
