The Board of Ground Rents Income Fund has announced that, on 12 August 2016, it agreed two amendments to the property adviser agreement with Brooks Macdonald Funds Limited (the investment adviser). At the moment, the adviser collects ‘Consent Fees’ and ‘Notice Fees’ from leaseholders on behalf of the fund. ‘Consent Fees’, which are levied by the freeholder, are typically […]
The net asset value of Princess Private Equity Holding Limited increased by 5.8% over the first half of 2016 to end the reporting period at EUR 9.78 per share (adjusted for the first interim dividend of EUR 0.27 per share distributed in June). As of the end of the reporting period, the 50 largest direct portfolio […]
Over the six months to the end of June 2016, RIT Capital Partners returned 3.6% in NAV terms. A reduction in the premium from 6.9% to 2.0% meant that the share price return was negative, -1.2%. RPI+3% per annum worked out as 2.5% for the period and the return on the MSCI AC World Index […]
Foresight Solar Fund Limited has published results for the six months ending 30 June 2016. The NAV per Ordinary Share increased to 99.3 pence from 99.0 pence at 31 December 2015. The increase incorporates a 3.7 per cent. fall due to the continued reduction in their power price forecasts. Foresight has incorporated two further falls in […]
Over the year to 31 May 2016, Diverse Income Trust’s NAV per share rose from 87.03p to 91.02p (+4.6%). This compares with a fall in the FTSE All-Share Index of 9.7% – small cap.s outperformed – the FTSE SmallCap (excluding Investment Companies) Index ended the year to 31 May 2016 down just 2.5% and the FTSE AIM All-Share […]
HgCapital, the Manager of HgCapital Trust plc (“The Trust”), today announces an investment in Mobyt, a provider of Application-to-Person SMS services to enterprises, headquartered in Italy, subject to regulatory approval. The terms of this transaction have not been disclosed. HgCapital Trust plc will invest in Mobyt, alongside other institutional clients of HgCapital, who will participate through […]
BlackRock World Mining experienced a strong recovery in its net asset value during H1 2016 yet lagged its benchmark index by 4.4%. The first six months saw the mining sector rebound, shrugging off a difficult start to the year when world equity markets took fright on heightened concerns over global economic growth. The Euromoney Global Mining […]
Derwent London has announced interim figures covering the six months ended 30 June 2016. Its EPRA net asset value per share increased by 1.8% to 3,598p from 3,535p at 31 December 2015. Net rental income increased by 8.5% to GBP72.6m (from GBP66.9m in the equivalent period in 2015). This fed through into EPRA adjusted profits before tax […]
Ecofin Water & Power Opportunities held its continuation vote on 24 June 2016, which was approved by shareholders on the basis that the Board would implement its reconstruction proposals. under these, shareholders would be: issued with shares in Ecofin Global Utilities and Infrastructure Trust, a newly incorporated investment trust that would invest in listed global utilities […]
CatCo Reinsurance Opportunities has announced interim results. The NAV return for the Ordinary Shares for the first six months of 2016 was 4.86 per cent benefiting from the release in the first quarter of 2016 of the loss reserve relating to the 2015 UK flood Side Pocket Investment (see below). The NAV return for the […]
Witan Investment Trust has announced results for the six months ended 30 June 2016. During the first half of 2016, the Company’s net asset value total return was +6.4% compared with a benchmark return of +7.7% – reflecting underperformance of 1.3%. Excluding changes in the fair value of the Company’s debt, the NAV total return […]
The board of KHP Fund GP LLC, the general partner of KHP, and the board of Private Equity Investor are pleased to announce that they have reached agreement on the terms of a recommended cash offer pursuant to which KHP, acting by the General Partner, will acquire the entire issued and to be issued share […]
Henderson Smaller Companies has published results for the year ended 31 May 2016. The net assets of the company declined by 1.1% in the reporting year, outperforming the benchmark, the Numis Smaller Companies Index (excluding investment companies), by 0.5%. However the company’s discount widened, so the share price fell by 8.1%. The revenue return per share has […]
Over the six months to the end of June 2016, Tritax Big Box REIT’s EPRA net asset value per share increased by 4.23 pence or 3.4% to 128.91 pence (31 December 2015: 124.68 pence). Dividends declared for the six month period totalled 3.1 pence per share, putting the Group on track to hit the target […]
Riverstone Energy’s NAV per Share as at 30 June 2016 totalled $16.24/GBP12.25 per share, representing an increase of 29 cents or GBP1.42 compared to NAV per Share at 31 December 2015. They say the increase in NAV over the six months ended 30 June 2016 was primarily due to the increase in the fair market value […]
Egyptian gold miner, Centamin plc, has increased its interim dividend from USc0.97 per share in 2015 to USc2.00 per share after posting Q2 16 earnings of USc6.3 per share, a 78% increase on Q2 15. The improved income performance was a result of both higher revenue and lower costs. Revenue for the quarter increased by […]
The Board of Tritax Big Box REIT has announced that it has acquired the distribution centre at Kingston Park, Peterborough, let to Amazon UK Services Ltd, for a purchase price of GBP42.9 million (net of acquisition costs), reflecting a net initial yield of 5.6% on the corporate acquisition. The purchase is being funded from equity […]
Ocean Dial Asset Management’s India Capital Growth fund has raised £22.8m following the expiration of its subscription shares issued on a ‘one for two’ basis in August 2014. read more here
Research by closed-ended funds analysts QuotedData has revealed the median discount throughout the entire investment company sector more than doubled in the 12 months to the end of June. read more here
The Board of Tritax Big Box REIT has announced that it has acquired a distribution facility at Trafford Park, Manchester, let to Kellogg Company of Great Britain Limited, whose ultimate parent is the Kellogg Company. The purchase price is GBP23.5 million (excluding purchaser’s costs), reflecting a net initial yield of 5.9% on the asset acquisition. […]
Miton UK Microcap has published its first full year report which covers the year ended 30 April 2016. Over this period the FTSE All-Share Index fell by 9.0%. In contrast the FTSE SmallCap (excluding Investment Companies) Index actually rose 1.0% in the same period while the FTSE AIM All-Share Index fell just 3.4%. The Investment Manager outperformed over the first […]
HgCapital has announced that it has sold Relay Software, a leading provider of software to insurance brokers, underwriters and insurers in the Republic of Ireland, to Applied Systems, the leading global provider of cloud-based insurance broker management software. HgCapital partnered with Relay Software in early 2014, representing the third investment for Mercury, HgCapital’s specialist lower […]
Over the first half of 2016 European Assets’ portfolio had, what the chairman describes as a “torrid” time. he says progress was made on the economic front but political risk ultimately dominated the market, especially after the British decision to exit the European Union. The NAV, in sterling total return terms, fell by -4.0% against a Euromoney Smaller European Companies (ex […]
JZ Capital Partners Limited has closed an investment in Pacific Medical LLC, its fourth investment through the Jordan Health Products platform since 2015. JZCP invested $4.2 million in the transaction. Founded in 2005, and based in San Juan Capistrano, California, Pacific Medical repairs, services and sells new and refurbished medical equipment, specialising in patient monitoring devices and […]
Riverstone Holdings LLC, the Manager of Riverstone Energy Limited, has announced that it has agreed to the sale of 100% of the membership interests in Rock Oil Holdings LLC, a Denver- and Houston-based oil and gas company focused on the Permian Basin, to SM Energy Company (NYSE: SM), a US-based E&P company. Rock Oil was […]
NB Private Equity is planning to issue a new class of ZDPs with a maturity in 2022. At the same time they plan to offer holders of their 2017 zeros the chance to rollover into the new issue. They are hoping for a total issue size of £50m. The new ZDPs would be issued at […]
Over the first half of 2016, Kennedy Wilson European Real Estate’s adjusted NAV rose by 5.1% to 1233.8p. Adjusted earnings per share were up 17% to 26.8p. The first half dividend is 24p – they are paying quarterly dividends of 12p. The GBP3,063.2 million property portfolio comprises 268 directly owned assets with a total area […]
Woodford Patient Capital says its portfolio declined in value by 10.8 per cent over the first half of 2016 and the company’s shares ended the period at a modest discount of 3.1 per cent. Two new non-executive directors have been brought onto the Board following consultation with shareholders. The new non-executive directors have specific investment trust experience. […]
JZ Capital Partners, alongside its long-term real estate partner, RedSky Capital and The Clark Estates, has acquired Esperante Corporate Centre, a landmark office building in West Palm Beach, Florida. Located at 222 Lakeview Avenue in downtown West Palm Beach, Esperante sits at the gateway to the island of Palm Beach, providing tenants with easy access […]
Premier Energy & Water’s results for the six months t the end of June 2016 show that its portfolio recorded a total return including income received of 10.1%. This was below the FTSE All-World Utilities Index which delivered a total return in sterling of 27.1%. Unlike the fund, the global utilities index has a high weighting […]
