LXB Retail Properties has been hinting at an imminent disposal of two other large assets following on from the sale of their investment in Sutton. today they have announced the sale of their investments at Biggleswade and Rushden. They’ll get £58.5m for Biggleswade now, a further £10.2m when phase one of that development is completed (on […]
John Laing Infrastructure has announced that David Marshall, who heads up the team at John Laing Capital Management alongside Andrew Charlesworth, the investment adviser to the Company, has decided to retire and will therefore be leaving JLCM with effect from 1 July 2015. Andrew Charlesworth is staying on. JLIF : David Marshall retiring from […]
City Merchants High Yield generated a 5% return in net assets and an 8.5% return to shareholders over 2014. The dividend was maintained at 10p. The shares moved from trading at a 0.1% discount to a 3.2% premium. The portfolio has a weighting in subordinated debt issued by European banks. This fell in value over […]
Fair Oaks Income has announced results for the period ended 31 December 2014. The company listed in June 2014. Over the period from launch to the end of the year, the NAV return was 4.2% and the share price return 4.3%. They paid a first dividend of 4.25 cents per share and have switched since to paying […]
Golden Prospect Precious Metals published its annual report for the year ended 31 December 2014 yesterday. it says much about the fund’s performance that it doesn’t get a mention in the Chairman’s statement and is a throw away last line in the manager’s report “The fund NAV ended the year at 31p, a decline of […]
Acorn Income Fund released results for the year ended 31 December 2014 yesterday. Over 2014 the total return on gross assets was -0.4%. This compares to a -1.8% return on the Numis Smaller Companies ex Investment Companies Index, a -2.7% return on the FTSE Small Cap. ex Investment Companies Index and a 1.2% return on the […]
JPMorgan American’s results for 2014 show the fund just beat its benchmark, the US market, as measured by the S&P 500 total return Index in sterling terms, provided a return of 20.4%. By contrast the net asset value total return was 20.8%. The share price return was 22.6%. They are paying a dividend of 3.25p for […]
Impax Environmental Markets results for 2014 show that the fund underperformed its benchmark over the period – the net asset value and share price returns were both 1.7% as compared to the FTSE ET100 Index which returned 4.1%. Environmental stocks also lagged wider markets – the MSCI World Index returned 10.6%. The dividend was increased […]
Fidelity Japanese Values has published results for the year ended 31 December 2014. Over the year the fund’s net asset value rose by 3.1%, underperforming the Russell Nomura Mid/Small Cap Index which rose by 5.1% but beating the TOPIX which rose by 0.7% and the fund’s peer group which delivered a 0.5% increase in NAV on […]
John Laing Environmental is buying a solar park and two wind farms off John Laing Group for £42.54m. They are funding the transaction from their £50m credit facility. The solar park deal relates to Branden solar park where they are buying a 64% stake. Branden Solar comprises two separate solar parks located near Bodmin in Cornwall, with […]
JZ Capital Partners and their property partner, RedSky, are paying $97.4m to acquire 2621 NW 2nd Avenue located in Miami’s Wynwood neighbourhood and 1 NE 40th Street and 35 NE 40th Street (site of the Oak Tavern, pictured), two properties located in the Design District neighbourhood of Miami, Florida. JZ’s share of the purchase price was $4209m […]
Mirland has announced that it is proposing a restructuring of its series A-F bonds. Any definitive agreement between the Company and the Trustees of the bonds requires approval by the board and shareholders of the Company and will be subject to sanction by the Cypriot Court and bondholders approval. Under the proposals: Payments of principal are […]
Standard Life Investments Property Income has published results for the year ended 31 December 2014. Over the period the fund produced a total return on net assets of 23.2% and a share price total return of 18.8%. The EPRA net asset value rose by 16.8% to 76.6p and, at the end of 2014, the share […]
HICL Infrastructure is paying €11.5m for a 75% interest in the Zaanstad Penitentiary Institution PPP project. The Project comprises the construction and 25-year operation of a new penitentiary institution in Zaanstad, the Netherlands. The Project is governed by a Design, Build, Finance, Maintain and Operate Agreement with the State of the Netherlands and has tenure […]
Asia Total Return beat its benchmark over the course of 2014. In total return terms, the Company’s share price outperformed the market, rising by 12.3%, whilst the net asset value advanced by 15.8% in the year to 31 December 2014. This compared with a rise of 9.2% in the Reference Index in sterling terms and an […]
Camper & Nicholsons Marina Investments saw its net asset value fall from 17.1 cents to 16.1 cents over the course of 2014. The company had a cash injection of £2.4m last June from First Eastern Holdings who are now the majority shareholder in the business, holding 52%. With their help they secured the Victoria Quay […]
JPMorgan Senior Secured Loan Fund has published results covering the period from its launch in December 2013 to the end of January 2015. They say they got the money they raised in the initial offer invested by the end of January 2014 and, from then until the end of the period, the fund produced a […]
First – Karin Forseke (Alliance Trust’s Chairman)’s message to shareholders in the circular convening the meeting: “Dear Shareholder, Who are Elliott and what do they really want? Our Company has been requisitioned by Elliott Advisors (UK) Ltd. to appoint three additional directors to the Board of Alliance Trust. Your Board believes this is just the […]
Dunedin Income & Growth outperformed the FTSE All-Share Index by 4% over the year that ended on 31 January 2015, over the period the fund’s net asset value total return was 11.1% vs. 7.1% for the Index. The return to shareholders was just 6.8% however as the shares moved from trading on a 1.6% premium […]
Aberdeen Asian Smaller Companies has announced interim figures covering the six months ended on 31 January 2015. The total return on net assets was 5.9% in the six months to 31 January 2015. By comparison, the MSCI AC Asia Pacific ex Japan Index and MSCI AC Asia Pacific ex Japan Small Cap Index total returns […]
Vietnam Infrastructure’s interim results for the six months ended 31 December 2014 have just been published. Over that period the fund’s net asset value fell from 61 cents a share to 60 cents. Towards the end of the period, shareholders approved plans to restructure the fund but the regulatory approval of this has been delayed […]
Empiric Student Property has announced the acquisition of St Mark’s Court in Leeds. This property, which was completed in 2009, is a high-quality, modern purpose-built student accommodation scheme comprising 85 large self-contained studios with communal facilities and secure parking spaces. Empiric’s Board believes that there is scope to extract further value through asset management, including a […]
Camper & Nicholsons Marinas Limited, has signed an agreement with its landside partner, Westcourt Real Estate (Europe) Ltd and the Homes and Communities Agency to permit the development of Victoria Quay, a landside and seaside development which includes a new 400 berth marina, at East Cowes, Isle of Wight. The agreement is subject to the satisfaction […]
Starwood European Real Estate Finance has announced results for the year ended 31 December 2014 that show a small increase in its net asset value from 99.13p to 100.08p but a much larger increase in its share price from 100.75p to 106.25p. Dividends per share were 5.8p, to give a total return on net assets […]
GLI Finance has increased its stake in Trade River Finance from 9% to 43.9% and taken its interest in Trade River’s preference shares up to 100% by offering to swap shares in Trade River for shares and zeros issued by GLI Finance. A number of shareholders took up the offer and 6.2m new GLI shares have […]
Town Centre Securities has announced the acquisition of Units 2, 3 and 6 Waterside Business Park, a multi-let industrial estate in Stourton, Leeds from clients of CBRE Investors. The three units were purchased for a total of £4.48m, reflecting a net initial yield of 7.25%. Tenants include SW Group Logistics limited, European Stock Solutions Limited […]
BlackRock Emerging Europe’s results for the year ended 31 January 2015 show the impact of sanctions and the oil price fall on the Russian economy. The fund’s net asset value fell by 12.7% in total return terms. this better though that the equivalent 17.8% fall in the MSCI Emerging Europe 10-40 Index. A widening of […]
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
