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 […]
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 […]
Scottish American’s results for 2015 show its net asset value (NAV) total return (capital and income) for the year was 5.9% and the share price total return was 9.2%: the total return from the global equity market was 4.1%. The full year dividend will be 10.70p per share, 1.9% higher than the 2014 dividend of 10.50p and […]
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 […]
Empiric Student Property has published its interim results covering the six months ended 31 December 2015. The Group’s basic EPRA earnings per share for the period were 0.70p per share (31 December 2014: 0.11p per share). The basic EPRA NAV per share as at 31 December 2015 was 105.6p (30 June 2015: 103.4p). They have […]
RIT Capital results for 2015 show a share price total return of 22.7% (as they moved from a discount of 5.8% to a premium of 6.9%) and a net asset value per share return of 8.1%. This compares well to the return on RPI plus 3% which was 4.2% for the year and the return on the […]
Mid Wynd International reports that its net asset value total return for the second half of 2015 was 5.1 per cent, compared to the total return of 1.5 per cent produced by the MSCI All Country World Index. They have declared an interim dividend of 1.65 pence per share (2015: 1.35 pence per share). Demand for their […]
Qatar Investment Fund results for the six months ended 31 December 2015 show its net asset value per share fell 16.3% while the Qatar Exchange Index fell 14.5% and MSCI Emerging Markets Index fell 18.6% over the same period. Following a narrowing of the discount, the QIF share price fell 11.1%. They paid a 4 cent dividend […]
Henderson Diversified Income results covering the year ended 31 October 2015 have been published. The net asset value per ordinary share decreased slightly from 88.82p to 88.36p over the year as did the share price from 91.25p to 90.50p. The aggregated revenue return was 5.16p per ordinary share and dividends were maintained with a total […]
Elephant Capital’s net asset value rose from 35p to 36p over the year that ended on 31 August 2015. Air Works India (Engineering) Private Limited has been performing satisfactorily and exhibited operational strength during the period. It has been valued at £3.1m based on an independent third party valuation, compared to £3.05m at 31 August […]
John Laing Infrastructure has acquired a 100% interest in the British Transport Police PPP project and entered into an agreement to purchase a 95% interest in the Oldham Social Housing project. Both projects are fully operational, availability-based social infrastructure PPP assets located in the UK and are being acquired under the First Offer Agreements with […]
BlackRock World Mining’s results for the year ended 31 December 2015 reflect th poor performance of the mining sector. The fund’s NAV total return was -35.3%, the share price return was -37.0% and the benchmark, the Euromoney Global Mining Index, was down 36.9%. the discount widened from 11.9% to 15.0%. The dividend was maintained at […]
Montanaro European Smaller Companies Trust has announced that it has entered into a €10m term loan facility agreement with ING Bank N.V., London Branch (“ING”) for the purpose of pursuing its investment objective. The facility has been fully drawn down today and is in addition to the existing €15m term loan facility the Company already has […]
Jupiter US Smaller Companies reports that its NAV per share fell 4.8% in the six month period to 31 December 2015, compared to a drop of 3.3% in the Company’s benchmark, the sterling-adjusted Russell 2000. The worst performing sector in the six month period was energy, falling 41% as oil prices collapsed once again, after […]
Foresight Solar Income Fund is reporting its results for the year ended 31 December 2015. The net asset value dipped a little – from 100.9p to 99p. earnings per share were 5.91p but they are still planning to pay 6.1p of dividends for the year and are targeting a full year dividend for the period […]
Macau Property Opportunities Fund has published its results for the six month period ended 31 December 2015. MPO’s portfolio value declined 12.3% over the period to US$405.7 million amid the slowdown in Macau’s economy driven by a weak gambling market which affected the property market. The adjusted NAV was US$245.5 million, translating to a per share value of […]
As of 31 December 2015, Riverstone Energy had a NAV per share of $15.95. This implies a year-on-year decrease of 36 cents per share. However, the strengthening of the U.S. dollar resulted in the Sterling NAV per share increasing by 36 pence when compared with the previous year, from 1047p to 1083p. Part of the decrease […]
Kennedy Wilson Europe’s results for the year ended 31 December 2015 show its adjusted NAV climbing from 1025.2p to 1174.5p over the year. Adjusted EPS rose sharply from 25.9p to 47.9p as the portfolio became more established and the effects of gearing kicked in. They paid dividends of 35p during the year and have announced […]
