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 […]
Rio Tinto’s mineral production for the first half of 2016 was significantly up on the corresponding period of 2015. Iron ore production from the Pilbara was up 10%, to 160.8 Mt, in line with annual guidance. Bauxite production rose 9%, to 23.2 Mt, with aluminium production up 10%, to 1,797 kt. Mined copper was up […]
Drum Income Plus REIT (DRIP REIT) has announced that it has acquired 3 Lochside Way, Edinburgh Park, for £4.5m. It says that the property is a 24,000 square foot Grade A office building, prominently situated, on Central Scotland’s premier business park with Lockheed Martin, Exception and GL Industrial Services as key tenants. The company says […]
Hansteen has announced that it has acquired 66.7% of the share capital of Ashtenne Industrial Fund (General Partner) Limited from Norwich Union (Shareholder GP) Limited for £0.12 million in cash. Hansteen say that the net assets of the General Partner, at 31 December 2015, were £0.17 m and the profits for the year ended 31 […]
Empiric Student Property has announced that it has acquired the freehold of a 31 bed student accommodation property, 2 Oolite Road, in Bath for £2.6m (excluding costs). The property is the fifth student accommodation property in Bath and it has been acquired from IESIS Limited, an established local developer and operator of purpose-built student accommodation […]
For the six months ended 31 May 2016, BlackRock Throgmorton’s net asset value per share returned +1.9% compared with a return of +1.7% for the Numis Smaller Companies excluding AIM (excluding Investment Companies) Index. The FTSE All Share Index returned just 0.1% over the same period (all figures in sterling terms with income reinvested). The […]
NextEnergy Solar Fund has announced a proposed tap issuance programme to issue up to 54,885,000 New Shares, which the company says is equivalent to 19.7% of NESF’s existing voting share capital, to respond to market demand. The company says that, in response to interest from existing and new investors, its first Tap Issue, which is […]
The Board of FastForward is pleased to provide the following strategic update to its shareholders. The Company believes that there are exceptional opportunities available to it in the gaming technology sector. These opportunities are available to the Company largely because of the network of the Company’s Board of Directors, advisers and large shareholders. The Company […]
3i Infrastructure has signed an agreement to invest approximately EUR69m, subject to completion adjustments, in Valorem. Headquartered in Bègles, France, Valorem is a leading independent renewable energy development and operating company. 3i Infrastructure will acquire a 28.5% interest in Valorem and provide further capital to the company through a subordinated debt instrument with the remaining […]
Lazard World Trust Fund reports that, for the year ended March 31st 2016, the fund’s Net Asset Value per share at the year-end was US$ 4.17 representing a total return of minus 8.04% since the prior year end. The fund’s benchmark, the MSCI All Country World Index, declined 4.3% over the same period while the fund’s reference […]
The six month period ending 31 May 2016 Independent Investment Trust produced a net asset value total return of 5.7%. The total returns notionally attributable to the FTSE All Share Index and the FTSE World Index were 0.1% and 3.9% respectively. The net asset value per share rose from 390.1p to 400.3p over the period, […]
Standard Life Investments Property Income Trust has announced that it has completed the sale of three properties in separate transactions. The sale of a small industrial asset in Witham, completed on 24 June 2016 for £3.3m. Causeway Side House in Teddington was bought as part of the ‘Pearl Portfolio’ in December last year and was […]
Hansteen refinances Netherlands Light Industrial Property with €145m 5-year facilityHansteen has announced that it has refinanced two loans secured against its Netherlands light industrial property portfolio with a single loan totalling €145.0m. The company says that this has resulted in a reduction in the cost of borrowing on the portfolio from 3.57% to 2.49%, excluding […]
Picton Property Income has announced that it has exchanged contracts to Boundary House, Jewry Street, London EC3, for £27.8m. Boundary House is located in the eastern part of the City and comprises a 45,000 square foot multi-let office building, constructed in the mid 1950’s.The purchaser is an overseas investor and Picton received £2.8m on exchange. […]
Aberdeen Private Equity has announced its annual results for the year ended 31 March 2016. During the year the fund’s NAV per share increased by 4.6% to 133.33p and, including the 2.2p dividend paid in September 2015, shareholders received a NAV total return of 6.6% (2015: 18.2%). The company says that NAV performance was driven […]
Aberdeen New Dawn has announced its annual results for the year ended 30 April 2016. During the year, the trust’s NAV fell by 15.4% to 179.4p per share (2015 saw an increase of 17.1%) while the share price fell by 15.1% to 156.0p (2015 saw a rise of 14.3%), all in total return terms. The share […]
Redefine International has provided an update on the progress it is making on asset management initiatives on its recently acquired Aegon UK (AUK) portfolio. The company says that it is making good progress that is ahead of initial expectations. In summary, since the EU referendum result, the company has completed two leases totalling £0.6m, which […]
K&C REIT plc, the residential real estate investment trust group, announces that the Board has agreed to grant options over ordinary shares of 1p each, as detailed below, to George Rolls, the former non-executive director and then chief executive who left the Board in December 2015. The Board has also agreed to make a payment […]
The Board of JPMorgan Overseas Investment Trust has announced a change in its distribution policy and change of name. The Company’s objective is to achieve capital growth from world stock markets and aims to achieve this objective by holding a diversified portfolio of investments in which the portfolio manager has a high degree of conviction. […]
The Renewables Infrastructure Group has entered into a binding sale and purchase agreement to acquire a 51.0% interest in a 12MW ground-mounted solar photovoltaic plant, in the South of France, increasing the aggregate net generating capacity of TRIG’s portfolio to 686MW. The Board of TRIG is pleased to announce the acquisition of a 51.0% interest in […]
