VPC Speciality Lending declared cumulative dividends of 4.79 pence per ordinary share and 1.07 pence per C share, and generated a total NAV per share return of 5.80% over the period from its incorporation on 12 January 2015, through its launch on 17 March 2015 and ending on 31 December 2015 on its ordinary shares and 1.78% on the […]
Phoenix Spree Deutschland has published results that cover the year ended 31 December 2015, incorporating the listing of the company on the LSE in June 2015. The statement says, the year to December 2015 demonstrated continuing operational strength. Growth in both rents and property values continued, enabling EPRA NAV to increase by 10.7% for the […]
AcenciA Debt Strategies Ltd, which invests in a highly focused portfolio of multi-strategy credit and event-driven funds, with a focus on distressed debt, has announced its audited results for the year ended 31 December 2015. The Net asset value per share at 31 December 2015 decreased by 6.1% to $1.57 and the share price by 9.2% to […]
The Board of Phaunos Timber announces the sale of its 14% stake in Green Resources AS for NOK 69.9 million (US$8.5 million at USD:NOK 8.2). The sale is consistent with Phaunos’ strategy of rebalancing its portfolio to one that comprises predominantly higher yielding, lower risk assets. The sale follows the recent distribution received from the […]
Despite a difficult environment Henderson International Income has generated good growth in net assets and increased shareholders’ dividend distributions. During the six months to 29 February 2016 the return on the net asset value per ordinary share (on a total return basis) was 7.8%. The company’s return on the ordinary share price (on the same basis) […]
International Public Partnerships Limited has announced that the Amber Consortium, of which INPP is part, has reached financial close on the last of the five privately financed batches of schools being delivered through the Priority Schools Building Programme (PSBP). The project uses an innovative financing model based upon the establishment of a funding vehicle known […]
NextEnergy Solar Fund has provided an update for the year ended 31 March 2016, through which it has announced that it is moving to paying quarterly dividends. Going forward, the Company will now pay dividends to shareholders on a quarterly basis, starting from the first quarter of the Company’s current financial year (the year ending […]
Empiric Student Property has announced that it has acquired a site, on a 199 year lease, and entered into a forward funding arrangement in relation to a development in Portsmouth, known as Europa House (pictured). The company say that the project comprises a 242 bed redevelopment to create a new premium student accommodation scheme, for […]
Baker Steel Resources Trust has provided an update on its intention to increase its ownership in Polar Silver Resources Limited. Polar Silver Resources is the trust’s largest investment (25.8% of net assets as at 31 March 2016). It is a private limited company, incorporated in the British Virgin Islands, which owns 100% of ZAO Argentum. […]
ICG-Longbow Senior Secured UK Property Debt Investments has announced its annual results for the year ended 31 January 2016. In terms of income, the company says that revenue for the year fell slightly to £8.4m (31 January 2015: £9.2m) as the exit and prepayment fees earned in the prior year were not repeated given the […]
Chelverton Growth Trust’s half year results for the six months ended 29 February 2016 show its Net Asset Value per share rising by 4.1% from 54.95p to 57.21p. This compares favourably to its benchmark indices, the AIM All-share index and the MSCI Small Cap UK, which declined by 5.1% and 2.7% respectively. The share price increased by […]
Fidelity Special Values says its net asset value underperformed the benchmark over the six month reporting period to 29 February 2016, returning -2.7% against -1.2% for the FTSE All-Share Index. The return to shareholders was -3.9%. Alex Wright, the manager, says overall performance was impacted by negative investment surrounding some key holdings in the banking sector, […]
LondonMetric Property has announced that it has acquired two convenience assets in Matlock and Leicester and a development site in Ipswich for a total cost of GBP16.2 million, reflecting a net initial yield of 7.0%. In Ipswich, LondonMetric has acquired a three acre site from Tesco, where it intends to develop a new 30,000 sq […]
During the year to 29 February 2016, BlackRock Smaller Companies’ net asset value increased by 4.0% to 992.18p per share, compared with its benchmark, the Numis Smaller Companies plus AIM (excluding Investment Companies) Index, which fell by 4.4%. The company’s share price increased by 6.3% to 863.00p per share. Small capitalisation stocks outperformed mid and large […]
Redefine International’s interim statement, covering the six months ended 29 February 2016, saw the EPRA NAV fall by 1.7% to 40.3p. Adjusting for the result of non-recourse negative equity, adjusted NAV of 40.9 pence decreased by 0.8 pence or 1.9 per cent since year-end. The underlying valuation growth of GBP4.8 million in the property portfolio […]
NB Distressed Debt has announced results for the year ended 31 December 2015. NBDD’s NAV per share decreased 10.7% during the year, to $1.1184 from $1.2521 per share, compared to a drop of 8% in the HFRI Distressed/Restructuring Index and a drop of 43% in the defaulted loans segment of the S&P/LSTA Index. Similarly the Extended […]
Subject to prior approval from the Financial Conduct Authority, Scottish Mortgage intends to seek shareholders’ approval, at the Annual General Meeting on 30 June, to amend the company’s investment policy to stipulate that the maximum amount which may be invested in companies not listed on a public market shall not exceed 25 per cent of […]
Randgold Resources’ 89%-owned Tongon gold mine, in Côte d’Ivoire, has commissioned its fourth-stage crushing circuit, completing an extensive capital project designed to improve throughput and recovery. The new circuit is currently being optimised. 2015 gold production at Tongon was 243 koz, up 7% on 2014, and the company is targeting production of 290 koz this […]
During the year ended 31 December 2015, Carador Income Fund generated a total NAV return of -9.71% including distributions. The Credit Suisse High Yield Index lost 4.93% in 2015, the fourth-worst year in its 30-year history. The Credit Suisse Leveraged Loan Index fared better but still fell 0.38%, representing only the second negative annual return in its […]
In anticipation of a period of maternity leave for the lead portfolio manager Wee-Li Hee, the board of Scottish Oriental Smaller Companies Trust has agreed to the appointment of Vinay Agarwal as interim lead portfolio manager for the Company, effective 20 July 2016. Mr Agarwal will be supported by Martin Lau, Scott McNab and the broader […]
Volatility has meant that no investment trusts were launched over the first quarter of this year, while money that was raised was focused around property and infrastructure trusts, according to QuotedData. See more at: http://www.portfolio-adviser.com/news/1028797/property-infrastructure-trusts-inflows-q1#sthash.uWHsqkEA.dpuf
Witan Pacific’s results for the year ended 31 January 2016 show it managing to outperform its benchmark, the MSCI All Country Asia Pacific Index, by a little – the NAV return for the fund was -5.6% against -5.9% for the index. Shareholders did better than this though with a return of -3.5% as the discount narrowed […]
Empiric Student Property has acquired the long leasehold (999 years from March 2007) of a 561 bed scheme in Manchester for £29.5m. Victoria Point, Manchester was constructed in 2009 by the vendor as a private residential scheme comprising apartments and duplexes across six separate blocks of accommodation on a 3.5 acre site. The property has […]
Viking Supply Ships A/S, charterer of the ODIN VIKING, in which Nimrod Sea Assets has a 43% interest through Norseman Offshore AS (“Norseman”), is now two months overdue with respect to its charterhire payments for the vessel. Norseman has been advised that Viking Supply Ships A/S has appointed Swedbank as its financial adviser and that […]
Baker Steel Resources Trust has published its results for 2015. The Euromoney Global Mining Index fell 39.3% in Sterling terms during the year and at 31 December 2015 was down 68.2% from the date of the Company’s first Net Asset Value (NAV) on 30 April 2010. By comparison, the Company’s NAV per share fell 25.4% […]
Blackstone/GSO Loan Financing has published its accounts for 2015 (figures are in Euros unless otherwise indicated). The fund returned just over 8% for the year. Over the period its NAV fell from 99 cents to 98.39 cents and its share price fell from 101 cents to 98 cents. BGLF paid dividends of 8 cents (2 cents […]
Hammerson has announced the successful syndication and signing of a £420 million unsecured Revolving Credit Facility at an initial margin of 90 basis points with a syndicate of eight international banks. This new facility will refinance the existing £150 million Revolving Credit Facility which would have matured in April 2017 which featured a margin of 150 basis […]
Aberdeen Asian Smaller Companies has published figures for the six months ending 31 January 2016. The MSCI AC Asia Pacific ex Japan Small Cap Index fell by 3.0% during this period with the company’s net asset value falling by 5.0%, while the share price declined by 5.7% to 730.0p (on a total return basis), reflecting a […]
P2P Global has published its accounts for the year ended 31 December 2015. P2P Global says it achieved positive NAV returns in every month of 2015, delivering a total NAV return of 6.56% for the ordinary shares. The capital raised for the C shares issued in late July 2015 was deployed in Q3 and Q4 2015. […]
