Standard Life Equity Income says, in the six months to 31 March 2016 its diluted net asset value total return was 0.7%. This compares with the benchmark total return of 3.5%. The discount on SLET’s shares widened slightly from 0.4% six months ago to 1.6% at 31 March, producing a decline of 0.7% in the share price total […]

JPMorgan European Smaller Companies Trust, chaired by Carolan Dobson (pictured), has announced its final results for the year ended 31 March 2016. During the year, the trust produced a net asset value total return of +16.6%, compared with the benchmark total return of +7.2% over the same. The share price total return for the year was +19.7%, […]

Anglo Pacific Group PLC reported royalty income of £1.9 million in Q1 2016, down from £2.3 million in the previous year. However, the company expects the majority of its royalty income, similar to 2015, will be received in H2 2016. According to CEO, Julian Treger, “We continue to expect royalty income for 2016 as a […]

TR Property has announced results for the year ended 31 March 2016. The NAV rose 8.2% which was well ahead of the benchmark rise of 5.4%. However the share price total return was -1.6%. The Directors have announced a final dividend of 5.20p per share, a 9.5% increase over the prior year final dividend. This […]

Great Portland Estates has reported results for the year ended 31 March 2016. At the end of March its EPRA NAV per share was 847 pence (pre-SDLT increase: 857 pence), up 19.5% in the year. EPRA profit before tax for the year was GBP47.8 million, up 6.0% on 2015. this translates into EPRA earnings per […]

Over the year to the end of March 2016, NewRiver Retail delivered an 11% increase in its EPRA NAV (295p vs. 265p). EPRA adjusted profit increased 125% to GBP47.1 million (2015: GBP20.9 million) resulting in a 34% increase in EPRA adjusted earnings per share (26.6 pence vs. 19.8 pence). Profit before tax increased 76% to GBP69.5 million (2015: GBP39.5 […]

Shaftesbury reports that its EPRA NAV at the end of March 2016 was GBP8.93 per share, an increase of 24 pence (2.8%) over six months, after a reduction of 10 pence per share as a result of the increase in SDLT announced in the March 2016 Budget. EPRA earnings increased by 12.8% to GBP20.2 million (six months ended […]

Majedie has announced its interim results for the half year ended 31 March 2016. During the period the trust provided an NAV total return of 3.4% although, reflecting a widening of the discount during the period, share price total return was -0.7%. In comparison, the FTSE All-Share Index and MSCI World Index rose 3.5% and […]

Over the year to 31 March 2016, Martin Currie Asia Unconstrained’s net asset value (‘NAV’) of the company fell by 7.9% on a total return basis, while the share price dropped 10.3% as the discount widened from 11.2% to 14.3%. By comparison, the MSCI Asia ex- Japan index fell 8.7%. Subject to shareholders’ approval, a final […]

Over the six months to the end of March 2016, Lowland’s total return and that of its benchmark, the FTSE All Share Index, were both virtually unchanged with Lowland up 3.8% and the Index up 3.5%. The Company paid a first interim dividend of 11.0p at the end of April, and now declares a second interim […]

Over the year to the end of March 2016, Big Yellow’s EPRA NAV rose by 11.5% to 569.1p. Its adjusted diluted EPRA earnings per share were up 15% to 31.1p and from this they are paying dividends totalling 24.9p for the year, an increase of 15%. The increase in profits was driven in part by […]

MedicX Fund has announced its interim results for the six-months ended 31 March 2016. During the period, the company’s EPRA NAV has grown by 0.6% to 71.2p per share (30 September 2015: 70.8 pence per share) whilst its EPRA earnings were £6.8m, equivalent to 1.8p per share (31 March 2015: £7.0 million; equivalent to 2.0p […]

Tritax Big Box REIT has announced that it has exchanged contracts to acquire a National Distribution Centre, let to DSG Retail Ltd (part of the Dixons Carphone plc group), for £77.3m (excluding acquisition costs). The purchase, which is being funded from equity proceeds, reflects a net initial yield of 5.86%. Completion is expected to take […]

McKay Securities delivered 11% growth in its EPRA NAV over the year that ended on 31 March 2016. The EPRA diluted earnings per share rose from 5.22p to 7.76p. The Board is recommending a 1.7% increase in the final dividend to 6.1 pence per share (March 2015: 6.0 pence). This will be paid as an ordinary dividend on […]

British Empire Trust (formerly British Empire Securities & General trust) has announced its interim results for the six-months ended 31 March 2016. During the period, the trust provided NAV total return of 5.6% and a share price total return of 4.6% both of which underperformed its lead benchmark index, the MSCI All Country World ex-US […]

EPE Special Opportunities has published results for the year ended 31 January 2016. The Net Asset Value at 31 January 2016 was 160.00 pence per share, an increase of 12.6% on the NAV per share of 142.13 pence as at 31 January 2015. The share price at 31 January 2016 was 124.50 pence, representing an increase […]

JPMorgan Japanese says for the six months ended 31st March 2016 the total return to shareholders was +8.5% in sterling terms, with a total return on net assets of +14.2%, compared with a rise in the Company’s benchmark of +8.3%. The manager says the outperformance versus the benchmark was due primarily to stock selection and, […]

JPMorgan Chinese beat its new benchmark over the six months ended 31 March 2016 – generating a return on net assets of 6.8% against 6.2% of for MSCI China (from 26 January) and MSCI Golden Dragon (before 26 January). Had they stuck to the MSCI Golden Dragon Index though, the fund would have underperformed (the six […]

F&C Capital & Income has published figures for the six months ended 31 March 2016. Over this period on a total return basis, the company’s net asset value per share rose by 4.8% against the FTSE All-Share return of 3.5%. On the same basis, the share price of the company rose 3.8% as the premium to […]

UK Mortgages Limited and TwentyFour Asset Management LLP have created Malt Hill No.1, a public securitisation backed by buy-to-let mortgages originated by Coventry Building Society Group. These mortgages were purchased in November 2015 by UK Mortgages Corporate Funding Designated Activity Company. The securitisation transaction was announced on 23rd May, with a view to price the Class A notes […]

Gemfields plc achieved a record US$5.15 per carat for lower quality rough emeralds at its latest auction held in Jaipur, India, last week. The company sold 14 lots (out of 18 offered) comprising 2.78 million carats, representing 76% of gemstones offered. The auction raised revenue of US$14.3 million. The gemstones were mined by the company’s […]

Ecofin Water & Power Opportunities has announced proposals for a reconstruction of the fund, ahead of a continuation vote, which is due to be held before the end of June 2016. The board say that, subject to the passing of the Continuation Vote, the Company intends to propose a scheme of reconstruction with shareholders being: […]

Invesco Perpetual Select Trust plc has announced that the Directors have agreed with the company’s Manager, Invesco Fund Managers Limited, an amendment to the fees payable under the Investment Management Agreement. The amendment is to the fee payable on the Managed Liquidity portfolio, which will reduce from an annual rate of 0.25% to 0.12% of […]

Following the acquisition of Amedeo Air Four Plus’ initial six A380 aircraft , and in line with its investment policy, the Company continues to seek further investments in widebody aircraft, which will be leased to one or more major airlines. The Board currently anticipates that it will consider, with the advice of Amedeo and Nimrod […]

Investors Capital has released results for the year ended 31 March 2016. The Company’s Equities Portfolio produced a total return of -2.4 per cent. during the year to 31 March 2016, while the Higher Yield Portfolio returned 1.1 per cent. Returns from the Equities Portfolio and the Higher Yield Portfolio, combined with the effect of […]

VinaLand and VinaCapital Vietnam Opportunities are selling their stakes in the Danang Golf Project. The project, acquired by VNL and VOF in 2006, is situated in Danang on 219.8ha of land and includes a completed 18-hole golf course with related facilities as well as residential dwellings, some of which are currently under construction. The project site […]

Target Healthcare REIT Limited has announced that it has completed the acquisition of a modern, purpose built care home in Southport, Merseyside for approximately GBP6.6 million including acquisition costs. The home, Parklands Lodge, is newly constructed having opened its doors to residents in early May.  It comprises 67 bedrooms with full ensuite bathrooms including wetroom […]

Northern Investors says that the orderly realisation strategy adopted by shareholders in 2011 has made significant progress over the past year, with a continuing reduction in the number of remaining holdings in the portfolio and significant further returns to investors.  In March 2016 the company completed its fifth tender offer to shareholders, as a result of […]

JPMorgan Asian has announced the appointment of Ayaz Ebrahim, as joint fund manager of the Company, alongside Richard Titherington. Ayaz, a Managing Director at JPMorgan Asset Management and based in Hong Kong, is a highly experienced portfolio manager who heads the Asia Pacific Core Team and chairs the Asset Allocation Committee within the Emerging Markets and […]