Private Equity Investor has published results for the year ended 31 March 2016. The Company’s Net Asset Value per share at 31 March 2016 was 211.2p, compared with 238.7p a year earlier, a decline of 11.5%. This was predominantly due to a decrease in LP valuations. The NAV per share in dollars decreased by 14.3% from […]
Primary Healthcare Properties says, over the six months ended 30 June 2016, total shareholder NAV return for the period was 5.2625 pence per share or 6.0%, including dividends paid in the period. Its EPRA Net Asset Value per share increased by 3.1% to 90.4 pence (31 December 2015: 87.7 pence). EPRA Earnings increased by 27.3% to […]
Duke Royalty has published results for the year ended 31 March 2016. Over the financial year, Duke Royalty generated a loss after taxation of GBP4.0 million, comprised of GBP1.1 million of cash items and GBP2.9 million of non-cash items (primarily reflecting losses on disposals of investment interests from the previous investment strategy). At the year end […]
Tucked away in P2P Global’s latest factsheet is an announcement that P2P will amend its fee structure. Currently, the investment manager charges a fee based on a percentage of gross assets (such percentage not to exceed 1.0 per cent). With effect from the June 2016 NAV, the investment manager has decided to waive a portion […]
Hammerson reports that, for the first six months of 2016, its EPRA net asset value rose by 2.4% to 727p. Adjusted EPS grew by 0.7p or 5.1% to 14.3p. The interim dividend was increased by 6.3% to 10.1p. Their properties produced a return of 2.9%, 0.5% ahead of the industry benchmark. Within this, their French […]
Brunner has announced interims covering the six months ended 31 May 2015. The Net Asset Value per ordinary share of the company increased by 2.6% on a total return basis, outperforming the benchmark (50% FTSE All-Share, 50% FTSE World Index (ex UK Sterling), by 0.4%. Earnings increased by 11.3% to 8.9p per ordinary share in the […]
During the six month period to 30 June 2016 Temple Bar generated a net asset value total return of 3.8%, slightly underperforming the benchmark FTSE All Share total return of 4.3%. A notable feature of the period was the long awaited out-performance of larger companies relative to their smaller brethren; the FTSE 100 Index delivered […]
MedicX Fund, the specialist primary care infrastructure investor in modern, purpose-built, primary healthcare properties in the United Kingdom and Ireland, is pleased to announce that it has contracted to acquire, by way of forward funding, a new primary healthcare medical centre in Rialto, a suburb of Dublin. The property is due to be completed in […]
HgCapital, the Manager of HgCapital Trust, today announces an investment in Blick Rothenberg, a leading provider of accounting, audit and tax services based in London. The terms of this transaction were not disclosed. HgCapital Trust plc will invest in Blick Rothenberg alongside other institutional clients of HgCapital, who will participate through the HgCapital 7 Fund. […]
Riverstone Energy has announced that Silver Run Acquisition Corporation will buy a controlling stake in Centennial Resource Production, LLC. As part of the deal, Riverstone will end up with a controlling stake in Silver Run. Centennial Resource Production is an independent oil and natural gas company located in the core of the Southern Delaware Basin. On July 6, 2016, […]
In March 2016, the investment manager of GLI Alternative Finance underwent a rebranding exercise from GLI Asset Management Limited to Amberton Asset Management Limited. Furthermore, as announced on 7 July 2016, it is proposed that the investment policy of the Company be amended to bring greater exposure to high quality alternative finance loans, with such […]
Over the year to 30 June 2016, Aberforth Geared Income Trust’s total assets total return – essentially the ungeared return from the portfolio – was -8.2%. Whilst there are many factors at play, the Managers’ tendency to find the greatest value opportunities within the smaller small companies, such that the portfolio has a greater exposure […]
Infrastructure India has announced its annual results for the twelve months ended 31 March 2016. During the period, the value of the Company’s investments increased marginally to £334.5m as at 31 March 2016 (30 September 2015: £331.6m; 31 March 2015: £368.6m) whilst total net assets fell to £325.8m (30 September 2015: £329.3 million; 31 March […]
Ranger Direct Lending has announced that it has conditionally placed 30 million zero dividend preference shares (ZDP Shares) at 100 pence per share to raise gross proceeds of £30m. The company says that the ZDP Shares will have a life of five years and a final capital entitlement of 127.63 pence per ZDP Share on […]
John Laing Environmental Assets has announced that it has acquired New Albion Wind Farm from John Laing Group plc for a cash consideration of £11.8m, including working capital. New Albion Wind Farm is located near Kettering, Northamptonshire and comprises seven Senvion MM92 turbines with a total generating capacity of 14.4MW. The site has been operational […]
Herald Investment Trust has announced its interim results for the six-months ended 30 June 2016. During the period the Trust’s net asset value per share increased by 0.9% to 889.6p in the first half of 2016. The chairman, Julian Cazalet (pictured) says that this small disguises what has been a very volatile period for the […]
NextEnergy Solar Fund has announced that its first Tap Issue has raised gross proceeds of £42.16m. The Company says that it has received applications from existing and new investors pursuant to the Issue for 41,991,242 New Shares at 100.4p per share and that, accordingly, it will sell all of the 30,850,000 ordinary shares currently held […]
Sirius Minerals Plc has received government approval for the harbour facilities element of its US$2.3 billion, North Yorkshire, polyhalite project and has now been granted all major approvals for the project. The harbour facilities include the new berth, ship loading facilities and the conveyor linkage to the materials handling facility at the Wilton International site, […]
Alliance Trust has announced its interim results for the year ended 30 June 2016. During the period, the trust’s NAV per share increased by 5.4%, whilst its share price increased by 1.4%. The trust also paid dividends of 5.65p (2015: 5.065p). Share price total return, including the dividends was 2.6% whilst NAV total return was […]
Investment Week – Investors eye beaten-up property sector: Investors are starting to hone in on attractive entry points into the beleaguered property sector, especially among more specialist and less-London centric closed-ended vehicles, after a “savage de-rating” following the Brexit vote and a raft of open-ended fund suspensions. James Carthew, director of research at QuotedData says […]
NB Distressed Debt has announced its intention to cancel the listing of it shares on the Channel Islands Stock Exchange (CISE). The Company’s Shares are currently admitted to the SFS (Specialist Fund Section) of the London Stock Exchange’s Main Market and are also listed on the CISE. The Board says that one of the key […]
Small Companies Dividend Trust has announced its annual results for the year ended 30 April 2016. During the year, the Trust’s NAV per ordinary share increased by 8.44% whilst its ordinary share price increased by 17.41%. Total dividends for the year are 9.1p per ordinary share including a special dividend of 1.6p. During the same […]
John Laing Infrastructure Fund has announce that, in accordance with the agreement that it announced on the 5 May 2016, it has now completed the acquisition of an additional 13.5% interest in the Barcelona Metro Stations Line 9 Section II project (pictured) and a 13.5% interest in the Barcelona Metro Stations Line 9 Section IV […]
JPMorgan Brazil has announced its final results for the year ended 30 April 2016. During the period, the trust provided and NAV total return of minus 14.4%, underperforming the benchmark, the MSCI Brazil 10/40 Index which returned minus 10.9%. Over the year the Company’s share price discount widened from 6.4% to 10.6% and, reflecting this, […]
Anglo American’s production results for the first half of the year were generally lower than the corresponding period of 2015, although nickel was an exception. Copper production from retained operations was 290.7 kt, down 4% year-on-year as expected lower grades and significant snowfall impacted operations at Los Bronces, where production was down 16% as the […]
Funding Circle SME Income Fund has announced the results of its recent placing. 14,285,000 ordinary shares were placed at a price of £1.0153, raising gross proceeds of £14,503,561. The new shares are expected to be admitted to the LSE’s main market on 25 July 2016. The company says that two of the investors who participated […]
Allianz Technology Trust has announced its interim results for the six months ended 31 May 2016. During the period the Trust’s NAV fell by 1.5% to 665.1p and its share price fell by 5.4% to 598.0p, both of which underperformed the trust’s benchmark, the Dow Jones World Technology Index, which increased by 2.7%. The discount […]
Empiric Student Property has announced that it has agreed a new £32.8m loan facility with AIB Group (UK). The Facility, which is secured against a portfolio of five forward funded assets, is a development loan which will be drawn down in agreed stages. The practical completion of all five forward funded assets expected by July […]
Hammerson has announced that it has exchanged contracts for the sale of Manor Walks Shopping Centre, Cramlington, Northumberland to Arch Commercial Enterprise Ltd for £78m. Manor Walks adjoins Westmorland Retail Park and the two schemes form the core retail offer for Cramlington town centre situated nine miles north of Newcastle. Hammerson says that, further to […]
