Worldwide Healthcare’s results for the year ended 31 March 2015 reflect the strength of the healthcare market over that period but also considerable outperformance by the manager. The NAV return for the year was 53% – more than 17% ahead of the 35.9% return on their benchmark (the MSCI World Health Care Index). The return […]
Utilico Emerging Markets has announced results for the year that ended on 31 March 2015. Over this period he fund produced a total return on net assets of 12.2%. This is marginally less than the 13.2% return generated on the MSCI Emerging Markets Index. The dividend was maintained at 6.1p. The manager’s report analyses the […]
Montanaro UK Smaller Companies underperformed a little against the Numis Smaller Companied ex Investment Companies Index over the year to the end of March 2015 as its NAV total return was -2.7% whilst the benchmark’s was -0.3%. The return to shareholders was -6.9% however as the discount widened from 12.9% to 16.5%. The final dividend was increased […]
Custodian REIT is spending £4.2m to buy a 3.5 acre plot and fund the development of a warehouse unit at Kingswood Lakeside, Cannock, adjacent to the A5 and Junction T7 of the M6 Toll, and three miles from the M6. The development comprises a 63,000 sq ft warehouse unit, with construction being phased over an […]
Over the year to the end of March 2015, Hansa Trust’s net asset value fell by 4.9% and the A share price fell by 5.7%, leaving them trading on a 27.3% discount. The dividend was maintained at 16p. By contrast, the MSCI World Index rose by 16.8% in Sterling terms over that period. Hansa though reports only on […]
Henderson Opportunities has published interim results for the six months ended 30 April 2015. Over that period the FTSE All-Share Index returned 9.2% but the fund’s net asset value returned almost double that, 17.6%. Unfortunately for shareholders though, the discount widened from 3% to 12.1% and so the return to shareholders was just 7.5% – […]
Invesco Property Income has sold the last of its property portfolio to Kildare Partners and will now wind up. All the money will go to pay back the company’s lenders and shareholders won’t get anything. The shares will be delisted once this is approved at the company’s AGM (due soon). IPI : Invesco Property Income […]
Caledonia is buying a majority stake in 7 investment management in a deal that values the business at £100m. 7IM was established in 2002 by its co-founders, Chief Executive Officer, Tom Sheridan, and Head of Corporate Development, Justin Urquhart Stewart, along with their Chief Finance Officer, Charles Sparrow, and has grown from its seven founder […]
Over the six months ended 30 April 2015, Henderson Diversified Income outperformed its benchmark, generating a total return on net assets of 5.2% as compared to 1.3% for the benchmark (three month sterling Libor plus 2.00%). The share price return was 5.9%. They have declared dividends totalling 2.5p for the period. The manager says sovereign […]
New City Energy results for the six months ended 31 March 2015 show the fund suffering in the wake of falling oil prices. The total return on net assets was -36.6% and the share price return was -37.4%. Two interim dividends of 0.42p have been paid for the period. The managers’ report highlights those companies […]
Nimrod Sea Assets has updated its dividend policy. it plans to pay quarterly dividends of 2 cents per share between now and March 2016. The review was triggered in part by the following news. One of its investments, mv red 7 Alliance has been given notice that Red7Marine Offshore Limited (the charterer of the vessel) had […]
Custodian REIT has announced the acquisition of a portfolio of 10 properties. Six are high street shops, spread around the UK, with an average lot size of £1.21m. Four are industrial units with an average lot size of £1.83m. They say locations include Chester, St Albans, Bristol, Farnborough and Kettering and tenants within the portfolio include BSS […]
Empiric Student Property has acquired the freeholds of a portfolio of seven operational, direct-let, premium student accommodation properties in Liverpool and Stoke-on-Trent, comprising a total of 502 beds, for over £40m. They are paying cash of £22.8m (excluding acquisition costs) and taking on responsibility for the existing debt on the properties of £18.8m which has been retained […]
Fair Oaks Income Fund is buying, in the primary market, $26.4m notional of equity notes, representing 75% of the total equity of Neuberger Berman CLO XIX, a new CLO backed by a portfolio of US broadly syndicated, secured loans. The manager of this CLO’s portfolio is Neuberger Berman Fixed Income LLC, a subsidiary of Neuberger […]
At its AGM on 18 June, shareholders voted against the approval of Ukraine Opportunities’ accounts, the Directors’ Remuneration Report, the re-election of Beatrice Hollond, the re-election of Dmitry Chernobay, the permission to repurchase shares, the permission to allot new shares, the disapplication of pre-emption rights and a change to the Articles to allow meetings to be called […]
Adamas Finance Asia has just published results for the year ended 31 December 2014. The results statement makes no mention of its net asset value per share but total net assets were $118.9m. There is no dividend. They made a loss of 0.34 cents per share. The fund was a Chinese private equity fund and […]
The Renewables Infrastructure Group has announced that it is in talks to acquire stakes in six operational wind farms with the capacity to produce 433MW. The seller is Fred Olsen Renewables. The deal is to acquire a significant minority interest in a portfolio of six operational onshore wind projects in Scotland. If the deal gets […]
Safestore has released its interim results covering the six months ended 30 April 2015. The EPRA earnings per share have risen from 5.3p to 7p and, on the back of that, the interim dividend has been increased from 2.15p to 3p. The EPRA diluted net assets per share rose from 201.5p to 232.2p. Property valuation […]
Bankers Investment Trust has announced decent figures for the six months ended 30 April 2015 with the fund generating a return on net assets of 13.3% and a return to shareholders of 13.9% as compared to a 9.2% return on the FTSE All-Share Index. The Chairman’s statement points out that this was a good period for returns […]
Over the year to the end of April 2015, F&C Global Smaller Companies generated a 16.2% return on net assets and a 17.6% return to shareholders. Their benchmark (MSCI All Country World ex UK Small Cap Index and Numis UK Smaller Companies (excluding investment companies) Index in a 70%/30% proportion) returned 14.8%. The full year […]
Real Estate Investors is buying six properties using the proceeds of its recent fund raising. they are spending £24.95m on: 40 St Paul’s Square, Birmingham: a prime office investment in the Jewellery Quarter of Central Birmingham, producing rent of £399,824 p.a. Tenants include Willis Group, ISG Regions, BHP Design, OLR (UK) Limited and Coltham Developments. Bearwood […]
NextEnergy Solar is spending £22m to acquire two additional solar plants. £11.1m will buy a 9.3MWp solar plant at Bowerhouse in Somerset and £10.9m will buy an 8.5MWp plant at Wellingborough in Northamptonshire. Bowerhouse was connected to the grid on 27 March 2015 and is to be accredited under the 1.4 Renewable Obligation Certificate (“ROC”) […]
Fresh on the back of their Jiadeli victory, ARC Capital has announced that, on 16 June 2015, the China International Economic and Trade Arbitration Commission (“CIETAC”) unanimously ruled that the Orient Home Group shall be required to refund Shanghai C.P. Jing Cheng Enterprise Development Co. Ltd. (a subsidiary of ARCH) the entire RMB480m deposit (equivalent […]
Kuala Limited has announced results for the year ended 31 March 2015. This period includes its conversion from being a fund focused on investments in China to being a fund focused on investments in the natural resources and energy sector, particularly in Africa. The company’s last Chinese investment (Wan Wei) has been struck off and is […]
Invesco Income Growth’s results for the year to the end of March 2015 show the fund outperforming the FTSE All-Share Index by 3.7%, returning 10.3% to the index’s 6.6%. The return to shareholders was 9.9%. The total dividend for the year was 10.1p, up 2.5% on the 9.85p paid for the year ended 31 March 2014. […]
JPMorgan Japan Smaller Companies has announced that, for the year ended 31 March 2015, the total return on net assets was 30.9%, well ahead of the return of the Company’s benchmark, the S&P/Citigroup Japan Extended Market Index, which rose by 22.4%. Over the same period, the Company’s share price increased by 35.9%, reflecting a narrowing of the discount […]
Dexion Absolute has announced a redemption offer for up to 25% of its outstanding shares. Anyone who opts for that will probably have to wait until Q1 2016 to see any money (as they liquidate the investment in Aurora Offshore Fund II) and then will have to wait longer for the balance of their investment given […]
Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.
Due to data protection policies, USA residents can not access our data.
Your content has been curated
