Real Estate Investors has published results for the year ended 31 December 2015 – its first year of operations as a REIT. The EPRA NAV per share rose by 5% to 64.5p from 61.3p. EPRA earnings per share were 0.81p (2014: loss 0.36p). This was on the back of a 38% increase in rental income to £8.4m. The total dividend per […]
Murray International had a poor year in 2015. The Chairman said he was disappointed to report that the NAV not only underperformed its benchmark in 2015 but also declined in absolute terms. He says a NAV total return of -7.8% inclusive of a 3.3% dividend increase (46.5p vs. 45p in 2014) compared unfavourably with a benchmark total return […]
Global Resources Investment Trust has not been able to come to an agreement with Primestar Energy FZE and LIM Asia Multi-Strategy Fund Inc. relating inter alia to the subscription, open offer and early redemption of loan notes and the reduction of the required coverage ratio (4:1 assets to loan notes). The assets of the fund […]
Safestore has agreed an option to acquire Space Maker, the ninth largest self-storage portfolio in the UK with 12 stores. The initial consideration is £43.0m initial consideration and a £1.4m deferred consideration to be funded from existing Group debt facilities. At the initial consideration price, the Space Maker portfolio has an implied first year net operating income […]
JPMorgan Claverhouse outperformed its benchmark index, both in terms of NAV and share price over 2015. The return on net assets of the UK stock market, as measured by the Company’s benchmark, the FTSE All-Share Index, was +1.0%. The Company’s total return on net assets was significantly better at +6.0% (the fourth year in a […]
Aberdeen UK Tracker fell just 0.3% short of matching the performance of the FTSE All-Share Index over the course of 2015. Most of that is accounted for by the fees on the fund which, although reduced last year, still act as a drag on returns. The Board, as advised by the Investment Manager, took the decision […]
Premier Energy & Water has published its results for the year ended 31 December 2015. Over the period the fund underperformed the FTSE All-World Utilities Index, returning -4.3% on total assets as compared to a -2.7% return on the index. The gearing provided by the company’s zero dividend preference shares (2.89x at the end of […]
JPMorgan Emerging Markets says the first half of its accounting year (the six months ended 31 December 2015) proved to be a difficult period for emerging markets. Over the six months to 31st December 2015 the Company’s benchmark index, the MSCI Emerging Markets Index (in sterling terms), fell 11.8%. JPMorgan Emerging outperformed the benchmark however. For […]
Starwood European Real Estate Finance has announced that on 10 March 2016 it advanced a EUR7.9 million whole loan relating to the acquisition of 44 apartments in South Dublin, the Republic of Ireland. The sponsor is a highly regarded local investor that is an existing borrower of the Company. The transaction represents the Company’s third […]
Origo Partners announced on 8 March 2016 that, whilst the Company’s articles of association include a requirement for the Company to have redeemed US$12 million of convertible zero dividend preferences shares (“CZDPs”) by 8 March 2016, it is not in a position to redeem US$12 million of CZDPs at the current time. The 8 March […]
Amedeo Air Four Plus Limited has issued 53m new shares at 101p. Since the completion of its initial public offering on 13 May 2015 (the “IPO”), the Company has acquired five Airbus A380 aircraft, the last of which was delivered in February 2016. The Assets are all leased to Emirates Airlines for a term of 12 years, with […]
Real Estate Investors has announced the acquisition of two properties, one of these deals needs to be approved by shareholders. Real Estate Investors has exchanged contracts to acquire the freehold of West Plaza, 144 High Street, West Bromwich B70 6JJ from Bond Wolfe Estates Limited (“BWE”) for a consideration of £8m, to be paid in […]
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 […]
Princess Private Equity’s results for 2015 show the fund delivering a return on net assets of 17.5%. The dividend was €0.54 (a 5.7% yield on NAV at 31 December 2015 / 6.9% yield on the shares). The Board say they plan to continue to pay a dividend of 5% to 8% per annum of the NAV. The […]
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% […]
GCP Student Living reports a total shareholder return for the six month period to 31 December 2015 of 7.8%. The EPRA NAV (cum-income) per ordinary share at the end of the period was 135.35 pence. Dividends of 2.82 pence per share were paid or declared in the period in line with target. All properties are fully occupied and they […]
Following a review of the management of Atlantis Japan Growth’s portfolio, the Board, the Company’s investment manager, Tiburon Partners LLP, and its investment adviser, Atlantis Investment Research Corporation, have agreed a number of changes which the Board believes will enhance investment performance and improve communication with existing and potential new investors. In particular: Ed Merner […]
Witan’s results for the year ended 31 December 2015 show it generating a net asset value total return of 6.4%, 2.9% more than its benchmark’s total return of 3.5%. The share price total return was 5.7%, as the shares moved from a small premium at the end of 2014 to a 0.2% discount at the end […]
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 […]
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 […]
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 […]
