Custodian REIT has acquired a 105,757 sq ft distribution unit on Winsford Industrial Estate, located 10 miles from junctions 18 and 19 of the M6. Nearby occupiers include Henkel, Iveco and Jiffy Packaging. The unit is let to H&M Hennes and Mauritz UK Limited on a lease expiring on 23 June 2025. Current passing rent […]
Atlantis Japan underperformed the TOPIX Index over the year to the end of April 2016, returning -6.4% against -4.6% for the Index in US dollar terms (-1% vs +1% in sterling terms). The statement says performance relative to TOPIX was negatively affected by the maintenance of net gearing during most of the year and the concentration […]
The Board of Tritax Big Box REIT plc has announced that it has agreed a new long-term, interest only, fixed rate term loan facility of GBP72 million with Canada Life Investments, secured against a portfolio of three standing assets. The Facility, which will be drawn in full immediately, is repayable on 30 April 2029 and has a […]
The chairman of JPMorgan Claverhouse says its performance in the first half of the year has been disappointing after several years of very good returns. The net asset value total return of -2.0% for the six months to 30th June 2016, compared with the return from the benchmark, the FTSE All-Share Index, of +4.3% over […]
More than half of the 10 investment trusts that became least expensive relative to their net asset value (NAV) over the second quarter (Q2) are related to property, according to fund research company QuotedData. Read more here
Impax Environmental Markets had a great start to 2016. Over the six months ended 30 June 2016, the NAV achieved a total return of 19.4% and ended the period at 211.12p. The share price total return was 16.0%. They say that approximately half of their absolute performance was attributable to investment returns and half to the decline of […]
Fidelity European Values says that, during the six months ended 30 June 2016, its NAV total return was 7.6% compared to a total return of 4.8% for the FTSE World Europe (ex UK) Index which is the Company’s Benchmark Index. The share price total return was -3.8%, which is behind the NAV total return as a consequence […]
Fundsmith Emerging Equities says that, during the first half of its financial year, the net asset value grew by 11.6% all of which occurred in the final week of the period. The market value of the company’s shares increased by 6.2% over the period and, at the period end, the shares stood at a 2.1% discount to the NAV […]
The Board of BlackRock Income Strategies and the Investment Manager have been considering the company’s investment objective and policy as implemented in February 2015 in the context of the prevailing market conditions and investment outlook post the recent UK Brexit Referendum. The investment objective is, over the medium term (5 to 7 years), to aim […]
The best performing trusts in Q2 focused on commodities and natural resources, Vietnam and Latin America, according to QuotedData. See more here
LONDON (Alliance News) – Golden Prospect Precious Metals Ltd was the standout winner among listed investments funds in June, according to research from QuotedData, as funds focused on UK investments lost out amid the volatility which followed the UK’s vote to leave the European Union. Read the rest of the article here
The outlook for dividends has brightened following sterling’s steep decline since last month’s Brexit vote, but there are still big challenges for income investors to navigate. Read more here
Despite a limited number of new issues, fundraising was prevalent in the investment company sector during Q2, with 3i Infrastructure topping the table having raised £385m, according to QuotedData. Read more here
Fresnillo plc, the world’s largest silver miner, reported attributable profit of US$167.0 million (US$0.227/share) for the six months ended 30 June 2016, 118% higher than the corresponding period of 2015. However, after adjusting profit for a revaluation of Silverstream contract sales, net profit was US$90.1 million (2015: US$76.5 million). ,Total revenue increased by 17% to […]
JZ Capital Partners has announced an agreement to sell its equity interest in Fidor Bank AG to Groupe BPCE, the second largest banking group in France. JZ Capital Partners first invested in Fidor in August 2013 through its EuroMicrocap Fund 2010, L.P. and has since worked with the senior management team, including Matthias Kröner, CEO, and Wolfgang Strobel, […]
The Board of Tritax Big Box REIT has announced that it has exchanged contracts (conditional on detailed planning consent) to provide forward funding for the development of a new logistics facility and headquarters at Four Ashes, Wolverhampton. The investment price is GBP56.3 million, reflecting a net initial yield of 5.14% (net of land acquisition costs). The […]
HgCapital, the Manager of HgCapital Trust has announced that it has agreed the sale of NetNames, a leading provider of global brand protection and internet domain name management services, to CSC, a US-based, leading provider of business administration services to corporations. The terms of the transaction were not disclosed. The Trust will realise cash proceeds of […]
Over the year to 31 May 2016, M&G High Income’s Package Units delivered a negative total return (capital and income reinvested) of 3.8% over the 12 months to 31 May 2016. This was ahead of the FTSE 350 Higher Yield and the FTSE All-Share indices, which registered negative returns of 8.5% and 6.3% respectively. The […]
Caledonia Mining has updated gold resources at its 49%-owned Blanket mine, in Zimbabwe, after a six-month drilling programme in the deeper areas of the mine. It has upgraded 343 kt from Inferred to Indicated, bringing a total of 48 koz of gold into the higher confidence category, and has added 1.28 Mt of new Inferred […]
European Real Estate Investment Trust has announced that it is to return €20.7m to shareholders by way of a compulsory partial redemption of shares. The capital return, which is equivalent to 115 pence per share, follows the sale of Panrico on 11 August 2016. The company says that the return represents a substantial proportion of […]
Seneca Global Income & Growth Trust has announced that its new discount control mechanism (DCM), which is designed to ensure that the company trades close to net asset value, takes effect from 1 August 2016. The policy is described in more detail in the company’s most recent annual results but, in summary, the company will […]
Law Debenture says its Net Asset Value total return for the six months to 30 June 2016 was 1.5%, compared to a total return of 4.3% for the FTSE Actuaries All-Share Index. Most of this underperformance arose from the movement in fair value of our long term debt as a result of lower gilt yields. […]
Foreign and Colonial’s 7.7% NAV return for the first six months of 2016 compared favourably to returns of its peers although it lagged the 12.0% rise in the FTSE All World Index over the period. Shareholder returns were 3.0% as uncertainty over Brexit led to a general widening in discounts across the sector, with the discount […]
Scottish American says the net asset value total return for the first six months of 2016 was 14.0% and the share price total return was 12.0%. The total return of the global equities, as measured by the FTSE All World Index in sterling, was 12.0%. Over the six month period 235,000 shares were issued at a […]
During the six month period ended 31 May 2016 BlackRock Commodities Income’s net asset value returned 8.8% and the share price returned 9.2%. Since the period end and up until close of business on 22 July 2016 the Company’s NAV has increased by 21.8% and the share price has risen by 13.2% (with income reinvested).The disparity between […]
Nimrod Sea Assets has been informed that a winding-up application has been filed in Singapore in respect of Swiber Holdings Limited. The application was filed by the Board of Directors of Swiber Holdings Limited on 27 July 2016 and provisional liquidators have been appointed. The Company owns a 26% share in Bukit Timah Offshore DIS which […]
Greencoat UK Wind has announced results for the six months ended 30 June 2016. During the period, portfolio generation was 451.4GWh, 3 per cent. below budget. Net cash generated by the Group and wind farm SPVs was GBP30.9 million. Dividend cover was 1.9x. The Company’s aim is to provide investors with an attractive and sustainable dividend that increases […]
For the six months to 30 June 2016, the net asset value total return of Aberforth Smaller Companies Trust was -11.3%, which compares with a total return of -5.6% from the Company’s investment benchmark, the Numis Smaller Companies Index excluding Investment Companies (NSCI (XIC)). The FTSE All-Share Index, which is dominated by larger companies, generated a […]
Amedeo Air Four Plus Limited, via its wholly-owned subsidiary AA4P Eta Limited (“AA4PE”), on 28 July 2016 purchased directly from The Boeing Company one 777-300ER aircraft bearing manufacturer’s serial number 42334 at a net cost of US$173 million. The aircraft is the seventh asset to be acquired by the company. In connection with the acquisition of the Aircraft, […]
Intu says its NAV (adjusted and diluted) barely changed (up to 405p from 404p) and like-for-like net rental income increased by 7.5 per cent in the first six months of 2016, reflecting increased occupancy, improving rental levels from new lettings and rent reviews and the benefits of unit reconfigurations. They signed 98 long-term leases (82 in the […]
