Custodian REIT has sold a 22,317 sq ft hotel on Castlegate Business and Leisure Park, Dudley for GBP4.45 million, GBP0.34 million ahead of the 31 March 2016 valuation. The property is let to Premier Inn Hotels Limited on a lease expiring in 2038. The property was part of the initial portfolio acquired on the Company’s admission […]
Invesco Perpetual Select has published its annual report for the year that ended on 31 May 2016. The NAV total return of the UK Equity Portfolio over the year was -1.4%, which compares with the total return of -6.3% posted by the FTSE All-Share Index. The NAV total return of the Global Equity Income Portfolio over […]
Fidelity Japanese Values says the NAV of the company increased by 15.1% in sterling terms over the six months to 30 June 2016, outperforming the Russell Nomura Mid/Small Cap Index, which gained by 7.0% during the same period, and performing in line with the peer group, which achieved a 15% uplift. The excess return generated […]
Henderson High Income says, during the challenging six months to 30 June 2016, the Company delivered a net asset value total return of -0.65%, underperforming the benchmark total return of 4.87% for the same period. The premium at which the Company’s shares traded to their net asset value narrowed and fell to a discount of […]
JZ Capital Partners Limited has closed an investment in Oncology Services International, Inc., its third investment through the Jordan Health Products platform. Jordan Health Products was formed in 2015 by Jordan Industries International, LLC and JZ Capital Partners to develop and execute a strategic build-up in the highly fragmented US healthcare equipment market. JZ Capital Partners invested $4.529 million in […]
Anglo American’s underlying earnings for the first half of 2016 fell by 23%, to US$698 million from the corresponding period of 2015. Underlying earnings per share was US$0.54 against US$0.70 a year earlier. The company reported an actual loss for the period of US$682 million, an improvement from the US$2.7 billion loss a year earlier. […]
LMS Capital has announced proposals to change its investment policy and to return up to GBP6 million to Shareholders through a tender offer and repurchase of up to 7.72% of the issued share capital of the Company at a 5 per cent. discount to its net asset value per share as at 30 June 2016. If the […]
Seneca Global Income & Growth has announced that it has put in place an extension of GBP4 million to its existing rolling debt facility making the total facility available GBP11 million. This extension to the facility is on similar commercial terms to the facility announced on 2 November 2015 and the margin on the total […]
HgCapital, the Manager of HgCapital Trust, has announced that it has agreed the sale of SFC KOENIG, a Switzerland-based, leading provider of high-quality, sealing and flow control technology, to IDEX, a producer of highly engineered fluidics systems and components in the USA. Completion is subject to, amongst other things, regulatory approval. The Trust will realise […]
F&C Managed Portfolio reports that, for the company’s financial year to 31 May 2016, the NAV total return (i.e. adding dividends paid to capital performance) was -4.8% for the Income shares and -4.5% for the Growth shares which represented outperformance against the -6.3% total return for the FTSE All-Share Index, the benchmark index for both […]
Fast Forward Innovations Limited has announced that it has acquired 5.9 per cent. of the issued shares (on a fully diluted basis) of Israel-based private company Moon Active Ltd., a developer of social multi-player casual games. The acquisition was of Moon Active shares (the “Subscription Shares”) at a price of US$22.78 per Subscription Share for total […]
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 […]
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 […]
SEGRO has announced results for the six months ended 30 June 2016. Its EPRA NAV per share is up 2.6 per cent to 475 pence, driven by a 1.9 per cent increase in the value of the portfolio, due primarily to development gains and active asset management. Adjusted EPS is up 6.5 per cent 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 […]
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, […]
