News

Filters
Sectors
Geography
Market Cap
Author

Sign up for our free
equity research notes

Register
11658 Results
Embed
ARC Capital gets Jiadeli Holdback cash

ARC Capital has received the award made by the Beijing Second Intermediate Court in respect of the Jiadeli Holdback. HNA Group has paid the company RMB93m and ARC Capital Holdings has waived the interest due. After costs the company ends up with the equivalent of $13m – they might have to pay some tax on […]

JZ Capital buys telecom towers business

JZ Capital is investing $22m in K2 Towers, an owner and operator of wireless communication towers. Thety did the deal alongside private equity group, Orangewood Partners. K2 was founded in 2009. Its portfolio of telecom towers runs across the US and Puerto Rico. GThey reckon their team has invested in over 2000 towers over the […]

Templeton hurt by resources exposure

Templeton Emerging Markets lagged its benchmark index, The MSCI Emerging Index, by 3.6% over the year to the end of March 2015, returning 9.6% against 13.2% for the benchmark. In addition the discount widened from 10.9% to 13.3% leaving shareholders with a return of 6.9%. The dividend was increased from 7.25p to 8.25p. The manager’s report […]

Impressive year for Fidelity China

Fidelity China Special Situations has announced results for the year ended 31 March 2015 that show the the Company’s NAV increased by 45.3% and the share price by 39.9%. The NAV outperformed the Benchmark Index, the MSCI China Index in sterling terms, by 6.0%. The dividend is being increased from 1.15p to 1.3p. The biggest […]

SEGRO and M&G divvy up Heathrow jv

SEGRO has announced that it will take full control of its Heathrow Bog Box Industrial & Distribution Fund joint venture with M&G. The Fund was formed as a 50/50 joint venture between Brixton PLC and M&G Real Estate in 2004 to own two assets in the vicinity of Heathrow Airport: Axis Park and Heathrow Corporate Park. SEGRO acquired […]

New India takes full advantage of Indian resurgence

Over the year to the end of March 2015 New India Investment Trust delivered a 46.3% return on net assets, well ahead of the 35.6% return on the MSCI India Index. he return to shareholders was even better at 56.4%. The managers report says Kansai Nerolac Paints did particularly well on the back of robust earnings […]

Volatile period leaves JPMorgan Russian a bit behind its benchmark

Over the six month period ended 30th April 2015 JPMorgan Russian’s net asset value on a total return basis declined by 2.7% and the Company’s return to shareholders on a total return basis was a negative 2.2% over the period, which led to little change in the discount to net asset value at 14.1%. The performance […]

BlackRock North American Board getting worried about performance

Over the six months ended 30 April 2015 BlackRock North American Income delivered a 5.7% return on net assets and a 6.7% return to shareholders. By contrast the return on the Russell 1000 Index was 7.1%. The Board, chaired by Simon Miller (pictured), felt the need to stress to the manager that performance against the index […]

Real Estate Credit makes 12% return

Real Estate Credit Investments has published results for the year ended 31 March 2015. Over this period they generated a return on net assets of 12.3% as the NAV rose from 154.1p to 162.3p. They expanded their real estate loan portfolio considerably, from £51m to £89m, making nine new commitments totalling £60m – currently they […]

Ediston buys Daventry Retail Park

Ediston Property Income is spending £11.95m to acquire the Abbey Retail Park in Daventry. The yield will be 7.80% when the Park is fully let. The property provides 63,160 sq. ft. of retail warehousing, anchored by Homebase, with parking for 386 cars, on a five acre site. The weighted average unexpired lease term is just […]

Seneca Global Income & Growth meets every objective

Seneca Global Income & Growth has published results for the year ended 30 April 2015. Over that period the total return on net assets was 9.6% and the total return on the share price was 9.1% – both comfortably ahead of their objective of outperforming LIBOR +3% over the long-term. They also point out that […]

Ten parties circling around Aurora

Over the year to the end of February 2015, Aurora Investment Trust’s return on net assets was -10.6% which compares to a positive return of 2.1% for its benchmark. The dividend is being increased from 3.8p to 3.85p. The statement says that part of their problem is exposure to oil related stocks and part is exposure […]

No surprise that Dragon Ukrainian suffered in 2014

Dragon Ukrainian Properties has published results for the year ended 31 December 2014. Over that period the net asset value fell from $168m to $92m. Almost all of Dragon Ukrainian’s assets, apart from one shopping mall owned by Arricano and located in Simferopol, were not directly affected by events in Crimea and Eastern Ukraine. The […]

Strong performance from Lindsell Train on growing FUM

Lindsell Train has reported a 27.9% return on net assets and a 23.9% return to shareholders for the year to the end of March 2015. These numbers compare well to a 3.8% return on the fund’s benchmark and a 19.7% return on the MSCI World Index. They say that, once again, the main contribution to […]

JPMorgan Emerging cuts fees

JPMorgan Emerging has today announced that it is getting rid of its performance fee with effect from the financial year that will commence on 1 July 2015. The base fee will remain at 1% on assets less liabilities up to £800m and 0.75% on the balance. JMG : JPMorgan Emerging cuts fees

Tau Capital edging closer to sale of last holding

Tau Capital has completed the sale of its investment in Lucent for $250,000 and is working on the sale of Stopharm. They have a $7m offer for their investment but Stopharm needs a cash injection so they are exploring whether they can lend Stopharm $700,00 out of the proceeds of the sale and then sell the […]

Picton beats IPD and announces deal in Chatham

Over the year to the end of March 2015, Picton Property Income’s net asset value climbed from 56p to 69p and its earnings per share grew from 10.4p to 15.4p. To give a total return of 27.4%. They maintained the dividend but this year will increase it by 10% to 3.3p per share [corrected from version where […]

Ediston buys B&Q Extra Retail Warehouse

Ediston Property has announced the acquisition of a B&Q Extra Retail Warehouse in Coatbridge, Scotland for £16.8m. The acquisition price is equivalent to a net initial yield of 7.46%. The property extends to 103,000 sq. ft., plus a garden centre and builders’ yard, with parking for 600 cars, on a site of 4.27 acres. It is […]

BBGI buys rest of prison project

BBGI SICAV has announced the acquisition of the remaining 50% it didn’t already own in the Northern Territories Secure Facilities PPP Project in Australia. The Northern Territory Secure Facilities is a new 1,000 bed correctional facility, located on a greenfield site at Holtze, near Darwin, Australia. NTSF became operational in 2014 and allows Northern Territory […]

JPMorgan European benefits from strong stock selection

JPMorgan European has announced results for the year ended 31 March 2015. The report says that both the growth and income pool outperformed their benchmark (MSCI Europe ex UK) over the year with the Growth shares producing a total return of +14.5% and the Income shares a total return of +15.4%, compared with 7.0% for the […]

UK Commercial Property cashes in retail assets

UK Commercial Property has announced the sale of two assets from its retail portfolio, 176-206 Kensington High Street, London and 134-138 North Street, Brighton in two separate transactions for a total consideration of £82.7m, which is marginally ahead of their aggregate valuation as at 31 March 2015. The assets have been deemed to be non-core to […]

Custodian REIT dividend target on track

Custodian REIT has published its first set of results covering the 53 weeks to the end of March 2015. Over this period the NAV rose by 3.2% to 101.3p and the NAV total return was 7%. They paid dividends of 3.75p in the period and are proposing a final dividend of 1.5p to make a […]

UK small cap trusts surge as election fears subside

UK Smaller Companies trusts were among the best performers last month, after the political uncertainty of the general election subsided. The sector performed particularly strongly in terms of both price and net asset value (NAV), according to figures from QuotedData. http://www.investmentweek.co.uk/investment-week/news/2411360/uk-small-cap-trusts-surge-as-election-fears-subside

Origo results reflect difficult year for commodities in 2014

Origo Partners has published results for the year to the end of December 2014. Over the course of 2014 the net asset value fell by 60% but, of course, this was a long time ago now. Towards the end of the period the fund switched to focus on realising its portfolio. Since the end of […]

Personal Assets maintains high liquidity levels

Personal Assets’ results for the year ended 30 April 2015 have been published and they show that the net asset value rose by 4.8% in capital terms vs. 3.9% for the FTSE All-Share Index. In price terms Personal Assets rose by 5.7% as they moved from a 0.6% discount to a 0.2% premium. The quarterly dividends for the […]

EIH says Evolvence India just about fully invested

EIH has published its results for the year ended 31 December 2014. The figures are a long way out of date now but for what it’s worth, the net asset value fell from 74.7 cents to 49.8 cents over the year but 26 cents of this move relates to a distribution they made to shareholders […]

Biotechs boost Edinburgh Worldwide

Edinburgh Worldwide beat its benchmark by a decent margin over the six months ended 30 April 2015, returning 14.7% on net assets vs. a 10.4% return for the benchmark, the S&P Citigroup Global Small Cap Index, the return to shareholders was even better at 17.7% as the discount narrowed from 8.5% to 6.1%. There is […]

Biotechs boost Edinburgh Worldwide
DP Aircraft One will buy planes for Thai Airways

DP Aircraft One has announced that it is raising $102m in order to finance the acquisition of two Boeing 787-8 aircraft (commonly known as Dreamliners) which will then be leased to Thai Airways. DPA : DP Aircraft One will buy planes for Thai Airways

Montanaro European lags benchmark by more than 5%

Montanaro European Smaller Companies Trust underperformed its benchmark, the MSCI Europe SmallCap ex UK Index, over the year to the end of March 2015 – falling by 3.6% vs. a 1.6% increase in the Index. The discount widened slightly as well leaving the share price 4.6% lower. return were held back by the weak Euro which […]

PME Africa disposal completed

PME African Infrastructure has published results for the year ended 31 December 2014 which is quite a while ago now. For what it’s worth the net asset value fell from 46 cents to 24 cents over 2014. since the year end the company has sold its largest asset, Sheltam Holdings, for $11.5m. The deal completed […]

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.

You live in…

You are a…