Pantheon International’s NAV per share rose by 8.2% over the course of 2015, outperforming the FTSE All-Share, which fell by 2.0%, and the MSCI World, which rose by 3.3%. However, they say share price performance was disappointing (-4.1%) as it was impacted by a sector-wide increase in discounts which have been driven by uncertainty in financial […]
EP Global Opportunities returned 2.9% on net assets over the course of 2015. The Company has no official benchmark, this was ahead of the total return for the FTSE All-Share Index of 1.0%, but slightly behind the total return from the FTSE All-World Index of 4.0%. They plan to pay a dividend of 3.1p at […]
CQS New City High Yield’s net asset value fell by 3.0% to 56.9 pence per share during the six months ended 31 December 2015. Adjusted for the payment of dividends totalling 1.94 pence per share for the period the net asset value total return was essentially flat at -0.1%. The share price total return for the same […]
BlackRock Latin American’s results for the year ended 31 December 2015 show a 30.9% fall in net assets on a total return basis in dollars (-27.0% in Sterling) and a -30.6% return to shareholders in dollars which translates as -26.6% in Sterling. These returns are pretty much in line with the fund’s benchmark which returned -30.8% […]
Foreign & Colonial has published its results for the year ended 31 December 2015. Their net asset value total return of 7.5% was above the 4.0% delivered by the FTSE All World Index over the year. FRCL delivered a total shareholder return of 9.0% for the year. The net asset value per share with debt at market […]
HgCapital, the Manager of HgCapital Trust has today announced an investment into Trace One SA,a provider of software to the retail and private label goods sectors, headquartered in France. The terms of the transaction were not disclosed. HgCapital Trust will invest in Trace One, alongside other institutional clients of HgCapital, who will participate through the […]
It appears that when BlueCrest AllBlue’s US dollar shares were converted into Sterling shares in advance of the switch of the fund to become Highbridge Multi Strategy Fund, they made a mistake calculating the conversion ratio. The company has asked that trading in its shares be suspended while they sort out the mess. HMSF : Highbridge […]
DW Catalyst Fund is proposing to reinvest part of its existing portfolio from the DW Catalyst Offshore Fund into the DW Value Offshore Fund, with the potential also to invest a portion of the Company’s assets in other strategies pursued by DW Partners, LP, the Company’s investment manager. DW Value invests across the spectrum of […]
Custodian REIT has announced that it has acquired St. Catherine’s Leisure Park in Perth (pictured), which comprises three units let to Bannatyne Fitness Limited, Scotco (Eastern) Limited (trading as KFC) and The Restaurant Group (UK) Limited (trading as Frankie and Benny’s). The 34,121 square foot park is within walking distance of the town centre and […]
ICG Longbow Senior Secured UK Property Debt Investments says the borrower under the Company’s Mansion loan has now completed the disposal of the two student accommodation properties which provided security for the Company’s loan. As a result of this disposal the £18.07m loan has been repaid in full, together with exit and prepayment fees of […]
Apax Global Alpha has announced its final results to 31 December 2015. These are its first set of results since listing on the London Stock Exchange in June 2015. During the twelve months to 31 December 2015, the adjusted NAV (i.e. NAV excluding performance fee reserves), increased by €110.7m to €923.6m, which the company says […]
Aureus Mining has declared commercial production at its New Liberty gold mine, in Liberia, seven months after official opening of the mine in August 2015. Gold production in February was over 9,000 oz as the plant finally operated at 88% of design throughput capacity and recovery levels exceeded 90% The company continues to work towards […]
Northern Investors Company has announced the sale of its investment in Control Risks Group Holdings Limited for £7.3m in cash. The directors’ valuation of the investment in Control Risks for the purposes of calculating Northern Investors’ unaudited net asset value as at 31 December 2015, which was announced on 17 February 2016, was also £7.3m. […]
Fidelity investment trust grabs our attention on wide discount and manager change The global market sell-off so far in 2016 has thrown up some interesting opportunities in both stocks and funds. One investment trust that looks particularly enticing is Fidelity Japanese Values (FJV) which now trades at an 18% discount to its net … http://www.sharesmagazine.co.uk/articles/ride-the-japanese-stimulus/
Hg Capital Trust has announced its annual results for the year ended 31 December 2015. During the year, it provided NAV and share price total returns of 14.1% and 8.6% respectively, both markedly outperforming the FTSE All-Share, which provided a total return of 1.0%. The manager say that, during the year, the portfolio provided revenue […]
Following consultations with shareholders JPMorgan Senior Secured Loan’s Board announced last month that it would seek approval to place the Company into voluntary liquidation, affording all Shareholders the opportunity of a full cash exit at net asset value less costs. In late March 2016 the Board will publish a circular which will provide notice of two […]
Hibernia REIT has announced that it has exchanged contracts to acquire Marine House, Dublin 2, for €26.5m. Marine House is a 1970s office building totalling 41,000 sq. ft. arranged over six floors above a double basement with 81 underground car parking spaces. The purchase price equates to a capital value of €640 per sq. ft. […]
Capital & Regional has announced its full year results to 30 December 2015 together with the £10.5m acquisition of a further property in Hemel Hempstead and the selection of Barratt London as the preferred development partner for the proposed extension of The Mall, Walthamstow to provide 92,000 sq ft of new retail space and over […]
Athelney Trust has announced results for the year ended 31 December 2015. The NAV total return was 10.4 per cent (31 December 2014: 6.5 per cent) while the UK market fell by 3.8 per cent. The revenue return per ordinary share was 9.3p (31 December 2014: 7.8p) and, on the back of this, they have announced a […]
Industrial Multi-Property Trust’s shares are up 9% following the announcement of its annual results for the year ended 31 December 2015. Their adjusted net asset value per ordinary share increased by 18.6% – to 261 pence as at 31 December 2015 from 220 pence at 31 December 2014. Adjusted loss per share improved to a loss of 18.1 […]
Pacific Horizon’s interim results for the six months ended 31 January 2016 have been published. These show that its net asset value per share fell 6.1% to 185.64p. The share price fell 11.9% and the discount widened from 8.2% to 13.8%. Over the same period the MSCI All Country Asia ex Japan Index fell 7.4% […]
Alliance Trust reports a 5.4% total return on net assets and a 10.7% return to shareholders for the year ended 31 December 2015 this compares to the MSCI ACWI benchmark return of 3.8%. The total dividend is 12.43p, up 0.4% on 2014. Alliance Trust Investments (ATI) generated net inflows of £81m, ending the year with […]
Aberdeen Smaller Companies High Income reports that its net asset value on a total return basis increased by 13.4% over the twelve months to 31 December 2015. This compares with a rise in the FTSE SmallCap (excluding investment companies) Index of 13.0%. The FTSE 100 Index fell by 1.3%. The narrowing of the discount, to 13.6% at […]
Secure Income REIT has published results for the year ended 31 December 2015. Over the period, the EPRA NAV rose by 9.4% to 282.8 pence per share (after incurring early debt repayment costs amounting to nearly 16% of EPRA NAV as at 31 December 2014). EPRA earnings per share for the period were 2.6p. They intend to pay quarterly […]
Mithras has reported a 6.7% uplift in its NAV and a 2.8% increase in its share price over the year ended 31 December 2015 (as the discount widened from 12.1% to 15.3%). the Board has recommended a final dividend totalling 1.0 pence per share (2014: 1.0 pence). Cash distributions received by the Company amounted to […]
Symphony International Holdings Limited has announced results for the year ended 31 December 2015. The NAV attributable to the ordinary shares on 31 December 2015 was US$1.3172 per share (US$1.3011 per share on a fully diluted basis). This represents a 2.2% decline over the NAV per share of US$1.3473 at 31 December 2014 (US$1.3356 per […]
The Board of Seneca Global Income & Growth Trust plc (the Trust) is pleased to announce that Peter Elston has been appointed a named fund manager alongside Alan Borrows. Peter Elston joined Seneca Investment Managers in November 2014, as Chief Investment Officer and is also responsible for Seneca Investment Managers’ clients’ asset allocation. As previously announced, […]
City Natural Resources has published interims for the six months ended 31 December 2015. The Chairman’s statement opens thus: “It is five years since I last wrote to you with unqualified good news and I am very much afraid that the six months under review continues what has been a dismal run, with no let-up […]
Project Finance has announced an increase of 25% to the Company’s stated annualised dividend target for its first financial period to 31 December 2016. As set out in the prospectus published on 29 September 2015, the Company was targeting an annualised dividend yield of 4% (on the IPO issue price of 100p per share) in the […]
