UIL achieved a NAV total return per ordinary share of 47.1% over the year to 30 June 2016, outperforming the FTSE All Share Total Return Index by an impressive 44.9%. The Board maintained total dividends at 7.50p per share which represents a yield on the closing share price of 130.75p of 5.7%. Looking forward the […]
Baillie Gifford Shin Nippon’s net asset value per share rose by 29.5% over the six months ended 31 July 2016 compared to a 23.0% rise in the MSCI Japan Small Cap Index. The share price increased by 31.6%. They say there was a noticeable investor rotation towards undervalued real estate related names. Beneficiaries of this […]
City of London Investment Trust reports that, in a flat year for equity returns its net asset value total return was 3.1%, ahead of each of the average for the AIC UK Equity Income sector, the UK Equity Income OEIC sector and the FTSE All-Share Index (by 0.8%, 4.8% and 0.9% respectively). The FTSE 100 Index […]
Jupiter European Opportunities’ results for the year ended 31 May 2016 have been published. The total return on the net asset value per share was 0.8 per cent. during the twelve months under review, which compares with a fall of 3.7 per cent. in the Company’s benchmark, the FTSE World Europe ex UK Index during […]
JZ Capital Partners Limited, alongside its long-term real estate partner, RedSky Capital, LLC, has acquired 2700 NW 2nd Avenue, a new property in the Wynwood neighbourhood of Miami, Florida. The purchase price was $30.8 million, of which JZCP provided $12.9 million. JZCP and RedSky plan to develop two Class-A buildings with ground floor retail, several […]
Aberdeen Asian Smaller Companies’ Board has reported that an amendment to the management fee has been agreed with Aberdeen Fund Managers Limited that is effective from 1 August 2016. From that date the Manager is entitled to a management fee payable monthly in arrears based on an annual amount of 1.0% (previously 1.2%) of the average […]
In this instance we have reproduced the text of the announcement in full: Allocation of Assets and Reclassification of Shares Summary The net asset value of Ecofin Water & Power Opportunities plc (the “Company” or “EWPO”) was 158.02p per EWPO Share on the Calculation Date, comprising 135.5442p in respect of the liquid assets to form […]
Real Estate Investors has announced its interim results for the six months to 30 June 2016. The company says that the period has seen record rental income, portfolio and dividend growth although the company’s EPRA NAV per share fell by 2.2% to 63.5p (31 December 2015: 64.5p). At the end of the period the company’s […]
Oakley Capital Investments Limited (OCL) has announced its interim results for the six months ended 30 June 2016. During the period, the company’s NAV increased by 7.5% to £2.15 per share. The company says that 15p uplift in NAV per share is attributable to the strong performance of the underlying Funds and favourable exchange rate […]
HgCapital, the Manager of HgCapital Trust, has announced that it has agreed the sale of Personal & Informatik AG (P&I), a provider of payroll and strategic HR software headquartered in Germany, to a company backed by funds of Permira. HgCapital say that the sale of P&I represents the first exit from the HgCapital 7 Fund […]
SVG Capital reports a 12% increase in NAV per share to 735p for the six months to 31 July 2016. Excluding the currency benefit on the investment portfolio, the NAV growth was 6%. During the period they committed GBP273 million to three new fund investments. They introduced two new managers to the portfolio (L Catterton and IK Investment Partners) […]
Electra Partners has announced the successful initial public offering (“IPO”) of its portfolio company Hollywood Bowl Group, the UK’s largest ten-pin bowling operator. Upon admission of its shares to the Main Market of the London Stock Exchange on 21 September 2016, Hollywood Bowl will have a market capitalisation of GBP240 million. Based on the offer price, […]
GCP Student Living reports that its EPRA NAV per ordinary share increased by 9%, from 125.51 pence to 136.93 pence as at 30 June 2016. Total operating profit (including valuation gains) was GBP39.3 million (GBP 12.2 million excluding valuation gains). Earnings per share fell from 28.46p to 15.48p and EPRA EPS for the group fell […]
New Star Investment Trust’s total return was 12.06% for the year to 30th June 2016. This took the year-end NAV to 125.70p. Unfortunately the discount widened and the share price rose by just 3.4%. By comparison, the Investment Association’s Mixed Investment 40-85% Shares index gained 2.20%. Equity markets generated positive returns, with overseas performance enhanced in sterling […]
Infrastructure India plc has announced that on 14 September 2016 it entered into a revised and restated management and valuation and portfolio services agreement with Franklin Park Management, LLC, its existing asset manager, to effect a reduction in annual cash fees payable by IIP to the asset manager. The other terms of the new management agreement […]
Ranger Direct Lending has reported interim results covering the first half of 2016. The proceeds of the initial public offering (IPO) on 1 May 2015 and December’s secondary issue of Ordinary Shares were all substantially deployed by the end of 2015, so Ranger began 2016 with all of its assets committed to Debt Instruments, less […]
India Capital Growth reports that, despite Indian markets enduring a shaky start to the year in lockstep with equity volatility globally, its portfolio performance has remained robust, with the net asset value per share rising 17.2%, as compared with the notional benchmark’s performance of 14.9% over the six months ended 30 June 2016. the 17.2% return […]
North Atlantic Smaller Companies reports that for the six month period to 31 July 2016, the fully diluted adjusted net asset value (with Oryx under the equity method of accounting) rose by +3.0% as compared to a rise in the sterling adjusted Standard & Poor’s 500 Composite Index of +20.6% and the FTSE Small Cap […]
Empiric Student Property has announced its annual results for the year ended 30 June 2016. The company grew its portfolio significantly during the year, from £251.3m to £523.9m, funded by £286.4m of gross equity proceeds and a further £120m of debt. As a result, the company says that its portfolio of purpose-built student accommodation increased […]
NB Private Equity Partners has announced that it has issued 50m new 2022 Zero Dividend Preference Shares (2022 ZDP shares), at 100p each, raising £50m. The issue was conducted by way of a rollover offer of the company’s 2017 ZDP Shares, into 2022 ZDP Shares, and an offer for subscription and the initial placing of […]
Fair Oaks Income Fund has announced that, further to the announcement it made on 4 July 2016 regarding its intention to return capital to Shareholders, it will return $5,930,400 (equivalent to 1.849 cents per share) on 29 September by way of a compulsory partial redemption of shares (the First Redemption). The company says that the […]
Alternative Asset Opportunities PCC Limited has made an announcement about Traded Life Interests. On 23 June 2016 it announced that it was exploring the possibility of a sale of the portfolio. The Board is pleased to announce today that is has conditionally agreed to sell 71 of the Company’s 80 policies for a total cash consideration […]
JZ Capital Partners has announced that it has closed the sale of its minority stake in Winn Group, held through the EuroMicrocap Fund 2010, L.P. to a major financial institution for €20.8m ($23m) following the receipt of regulatory approval. Founded in 2002, Winn is a Newcastle-based UK legal services firm specialising in personal injury cases. […]
Oakley Capital Investments Limited (OCIL) has announced that it has been informed that Inspired, which it describes as a ‘premium schools organisation in Europe, Australia, Africa and Latin America’, has completed the acquisitions of the International School of Europe Group (ISE), St Louis School (St. Louis) and St John’s International School (St. John’s). Oakley Capital […]
HICL Infrastructure Company Limited, has announced the purchase of a proportion of the Road Management Services (A13) PLC Index-Linked Guaranteed Secured Bonds 2028 for GBP50.1m. The Bonds were issued in 2000 to finance the A13 Thames Gateway PFI Project and have the benefit of an unconditional and irrevocable financial guarantee from the monoline MBIA UK in […]
Crystal Amber’s NAV decreased 8.6 per cent over the year to 30 June 2016 to 153.79p (168.26p at 30 June 2015, 155.90p at 31 December 2015). Including the dividends paid, NAV total return per share over the twelve months ended 30 June 2016 was -5.6 per cent. The Fund declared interim dividends of 2.5p in both July 2015 […]
Green REIT has reported a 14.9% increase in its EPRA NAV to EUR1.52 per share, underpinning a 17.7% total return in the year to the end of June 2016. EPRA EPS increased 131% to 3.7 cents per share as contracted annual rents rose by 10% to EUR61.3 million. The proposed dividend is 4.6 cents – up 188% […]
Africa Opportunity Fund’s net asset value per share of US$0.898 as at 30 June 2016 increased by 2.7% from the 31 December 2015 net asset value per share of US$0.875. In the same period, the share price rose 7% from $0.647 to $0.692. Its C share net asset value per share of US$0.819 decreased by 0.2% from the […]
