BlackRock Frontiers, managed by Sam Vecht (pictured) and Emily Fletcher, has announced its interim report for the six months ended 31 March 2016. During the period, the trust provided an NAV total return of -0.1% and share price total return of 0.1%, thereby outperforming the MSCI Frontier markets index which returned -2.2% but underperforming the MSCI […]
British Land have announced their annual results for the year ended 31 March 2016. During the year, the company says that underlying profit increased by 16.0% to £363m, whilst the company’s EPRA NAV increased by 10.9% to 919p per share (or 932p pre the budget stamp duty increase). The company generated an IFRS profit before […]
Custodian REIT has announced that it has sold a purpose-built student residential building in Lenton, Nottingham for £1.2m, which is ahead of cost and the 31 March 2016 valuation. The property, which was part of the initial portfolio acquired on Custodian REIT’s admission to the London Stock Exchange in 2014, was fully let for the […]
Custodian REIT has announced the results of its placing (as announced on 19 April 2016), which raised £20.98 million before costs and expenses. The placing price of 104.9 represents a premium of approximately 5.0% to the unaudited NAV as at 31 March 2016 as adjusted to deduct the dividend of 1.6625 pence per share payable […]
Scottish Mortgage has announced its annual results for the year ended 31 March 2016. During the period, which its chairman says, “has not been as strong as in recent years”, the company’s NAV effectively remained flat in total return terms (it fell 0.1% over the year) but beat it FTSE All-World Benchmark, which declined by […]
North Atlantic Smaller Companies Investment Trust has announced its annual results for the year ended 31 January 2016. During the period, the company’s fully diluted NAV per share rose by 21.6% to an all-time high of 2,746p. This compares with a rise in the sterling adjusted Standard & Poor Composite Index of 2.8%, whilst the […]
Honeycomb Investment Trust has announced that it has completed the placing, announced yesterday, of 5 million new ordinary shares in the Company, raising gross proceeds of £50m. The placing shares are to be issued at a price of £10 per share, which represents a 1.5% to the trust’s estimated net asset value per share of […]
Schroder Oriental Income Fund has announced its interim results for the six months ended 29 February 2016. During the period, the company provided NAV and share price total returns of 8.6% and 4.5% both outperforming the company’s MSCI AC Pacific ex Japan Index, which rose by 4.3% (all in sterling terms). The company says that […]
Greencoat UK Wind has announced the results of the first tranche of its share issuance programme that was announced on 14 April 2016. The fundraising will see 95,238,101 new ordinary shares issued, at a price of 105p per share, raising gross proceeds of £100m. The company says that the proceeds will be put to work […]
Henderson European Focus Trust has announced its interim results for the six months ended 31 March 2016. During the period, the company provided an NAV total return of 6.3%, thereby mildly underperforming its benchmark, the FTSE World Europe ex UK Index, which returned 6.7%. In contrast to this, and reflecting a widening discount during the […]
Securities Trust of Scotland reports that, for the year ended 31 March 2016, its net asset value was flat and the share price was down 2.2%, both on a total return basis for the period. This compares to a 4.4% rise in the benchmark. The board has declared a fourth dividend of 1.45p, bringing the […]
Schroder Real Estate has announced the completion of four disposals for a combined price of GBP12.86 million reflecting an average net initial yield of 3.4%. The combined price was in line with the last reported valuation as at 31 December 2015 but reflected an uplift of GBP2 million or 18.5% compared with the previous year […]
Following the release of its interim results, 3i Infrastructure has announced the launch of £350m capital raising, by way of an open offer, placing and intermediaries offer. The company says that the proceeds to be used to fund the completion of its investments in Wireless Infrastructure Group and TCR, totalling approximately £230m, and to make […]
Macau Property Opportunities has announced that the Land, Public Works and Transport Bureau of Macau has granted an urban condition plan for the Company’s retail redevelopment project located in the Senado Square district of Macau. Senado Square is Macau Property Opportunities’ flagship retail development project. The company says that the project is well-located in Macau’s […]
JZ Capital Partners has announced its annual results for the year ended 29 February 2016. The period was a busy one for the company during which it undertook an equity placing as well as a rollover of a zero dividend preference share. During the period, the company reports absolute total NAV growth of 20.7% to $851.7m. […]
JPMorgan Income & Capital reports its net assets fell during the year ended 29th February 2016, reflecting a general market decline. The total return on the Company’s assets for the year ended 29th February 2016 was a negative 5.5%. This represented an over-performance of 1.4% against the composite benchmark (comprising 90% FTSE 350 Index, excluding […]
John Laing Environmental Assets has announced that it has entered into an agreement with Energiequelle GmbH to acquire 100% of the Parc Éolien Le Placis Vert wind farm. The consideration for the acquisition, which is expected to complete over the coming weeks (subject to the customary consents), is approximately €2.5m. The project is located in the municipality […]
Real Estate Investors has confirmed the acquisition of two additional investment properties in Telford and Nottingham for a total consideration of GBP5.135m, producing a combined rental income of GBP506,710 per annum and a net initial yield of 9.26%. The investment properties acquired are as follows: Titan House, Euston Park, Telford – acquired from receivers. The building […]
Keystone has published its interim accounts for the six months ended 31 March 2016. The company’s shares gave a total return of -3.6% over this period. The underlying net asset value per share (with debt at fair value) gave a total return of +1.2%. These compare with a total return by the company’s benchmark for performance measuring […]
Having just raised £84m from investors, Target Healthcare REIT Limited has announced that it has completed the acquisition of a modern, purpose built care home in Warrenpoint, Northern Ireland for approximately £5.75m including acquisition costs. The home, Carlingford Lodge, was opened in 2011 and comprises of 74 single bedrooms with full ensuite bathrooms including wetroom […]
SEGRO plc has announced that it has agreed amended bank facilities totalling EUR780 million (GBP614 million). The facilities comprise a EUR610 million syndicated revolving credit facility and two bi-lateral revolving credit facilities of EUR100 million and EUR70 million each. The net impact of the changes is a EUR110 million (GBP87 million) increase in the unsecured committed […]
Vinaland and VinaCapital Vietnam Opportunities (VOF) are selling their entire stakes in the 21(st) Century International Development Joint Stock Company (Century 21 Project) located in Ho Chi Minh City, Vietnam. The site is a future residential – mixed use development site, with a total site area of 301,060 square metres which was acquired in 2006 for […]
Both P2P Global Investments and VPC Speciality Lending have come out with statements saying they have no equity investment in Lending Club. VPC Speciality Lending said “it does not hold a position in LendingClub Corp and has never had any exposure to them nor any loans originated by them”. P2P Global said its investment manager is […]
HgCapital has today announced an investment in STP Group, a leading provider of insolvency and law practice software, based in Germany, in partnership with the current CEO and co-founder Gunther Thies. Mr Thies retains a significant interest in the business and will continue as CEO. The investment was made from HgCapital’s Mercury Fund which focuses […]
LondonMetric Property Plc has announced that the Metric Income Plus Limited Partnership (“MIPP”), its joint venture with Universities Superannuation Scheme Ltd (“USS”), has sold its retail parks in Bridgwater, Chatham and Grimsby for GBP15.9 million (LondonMetric share: GBP8.0 million), reflecting a blended NIY of 5.7%. The 33,000 sq ft Range store in Bridgwater has been […]
Polar Capital Global Healthcare says, for the six months to 31 March 2016 it generated a Net Asset Value total return of 0.5% which was behind its benchmark, the MSCI Healthcare Index (total return in Sterling with dividends reinvested) which rose by 5.1% over the same period. The share price fell by 3.7% over the […]
K&C REIT has announced that, on 6 May 2016, it agreed to acquire the entire issued share capital of The Osprey Management Company Limited from Ms Susan Hards for an aggregate consideration of £1.6m. Osprey owns a portfolio of freehold interests in a number of high quality retirement and residential properties in London and southern England. In addition, […]
JPMorgan Elect has published its interim results. For the half year ended 29th February 2016, the total return on the company’s net assets was -1.3% for the Managed Growth portfolio and -1.1% for the Managed Income portfolio. The total return on the Managed Cash portfolio was +0.3%. The Managed Growth portfolio has delivered a total […]
