JPMorgan Mid Cap says, over the six months to 31st December 2015, the Company’s total return on net assets was 9.0%, 8.4 percentage points ahead of the Company’s performance benchmark, the FTSE 250 Index (excluding investment trusts) which returned 0.6% on a total return basis. The return to shareholders was 25.5% as the discount was elminated. […]
Over the second half of 2015 New Star Investment Trust delivered a 2.5% return on net assets which compares favourably to a -0.5% return on the IA Mixed Investment 40-85% Shares sector, a 1.7% return on the MSCI AC World Index and a -3.3% return on the MSCI UK Index. The report says US equities […]
Ottoman Fund is to return approximately £2.7m of capital, or 2 pence per share, to shareholders on the register as at 4 March 2016, with the shares expected to trade ex-entitlement on 3 March 2016 and payment expected to be made on 6 April 2016 or as soon as practicable thereafter. This return of capital represents proceeds […]
Candover has published results for the year ended 31 December 2015. Its NAV per share was 243p at 31st December 2015, a 55% decrease over the year. Most of the fall in the NAV is down to a write down in the value of Expro International – this took £43.6m or 199p of the NAV and […]
intu properties is reporting a 7 per cent increase in both its NAV per share (adjusted, diluted) and its underlying earnings per share from 13.3p to 14.2p and a 4 per cent revaluation surplus taking the value of investment properties to £9.6bn. The total return for the year was 10%. They see like-for-like net rental income in the […]
Allianz Technology Trust says its NAV increased by 10.3% over the year to 30 November 2015, finishing at 675.1p compared with 612.2p as at 30 November 2014. They outperformed their benchmark index, the Dow Jones World Technology Index, by 3.3% over this period. The market price of the Company’s shares also outperformed the benchmark finishing […]
John Laing Infrastructure Fund has announced a placing of up to 81.2 million new ordinary shares and has said that the net proceeds will be principally used to repay the Group’s revolving credit facility which, following the acquisition of a 40% stake in the Barcelona Line 9 Section II metro project announced in January 2016, […]
After Alpine Select’s announcement that it planned to try to force its way onto Altin’s Board, kick out three directors and pay out a large proportion of Altin’s capital, the Altin Board has responded. “The Board of Directors of ALTIN AG (“ALTIN”), after careful consideration, categorically rejects the proposals of Alpine Select AG (“Alpine Select”) […]
JPMorgan Overseas says, for the second half of 2015, the total return on the Company’s net assets was +1.2% and the return to shareholders was +2.5% compared with the return on its benchmark, the MSCI AC World Index (in sterling terms) of +1.5%. The manager says positions in a number of high growth companies performed strongly, including […]
F&C UK Real Estate generated a net asset value per share total return of 5.6% for the six months ended 31 December 2015 on the back of an ungeared portfolio return of 4.7%. The share price total return was 4.8%. The shares were trading at a slight premium to the NAV of 1.9% at the period […]
Law Debenture’s results for 2015 show its net asset value total return for the year to 31 December 2015 was down 0.3%, compared to a total return of 1.0% for the FTSE Actuaries All-Share Index. Net revenue return per share was 18.1p, an increase of 6.8% over the previous year, as a result of a […]
Bluefield Solar Income Fund delivered an above-target dividend of 7.25 pence per share for the year ending 30 June 2015, and has paid a dividend in the period of 3.25 pence per share for the current financial year. They say, notwithstanding the reduction in power prices during the period, attractively priced acquisitions and strong contractual […]
Derwent London is reporting that its EPRA net asset value per share increased by 21.6% to 3,535p from 2,908p at 31 December 2014, and by 9.6% from 3,226p at 30 June 2015. Net rental income increased 7.8% to £138.7m from £128.7m in 2014. EPRA profit before tax rose 31.0% to £81.6m from £62.3m last year […]
Safestore has announced that its acquired a freehold site in eastern Paris adjacent to the A4 motorway at Marnes-la-Vallée in the town of Emerainville for €4.2m. The site contains an existing warehouse which will be converted into a c.60,000 sq ft self-storage facility and c.8,000 sq ft of serviced offices. The company estimates that the costs […]
Ruffer Investment Company has announced its interim results for the half year ended 31 December 2015. During the period, the company’s NAV per share from 218.76p to 206.98p, which after allowing for dividends of 1.7p paid during the period, equates to a total return of -4.6%. The Company’s share price also fell by 4.6%, on […]
The Board of M&L Property & Assets announces that it has been informed by the Company’s asset manager, M & L Capital Management Limited, that unauthorised sales of Company properties have apparently taken place and that there is a possibility that Company funds have been misappropriated. The Board is urgently investigating this matter and will report […]
The total return on net assets of Temple Bar in 2015 was -1.0% which compares with a total return for the FTSE All Share Index of 1.0%. This is the first year in which the Company has paid dividends on a quarterly basis. There have already been three interim dividend payments of 7.93p per share […]
TLI Alternative Asset Opportunities has announced that it has received notification of a policy maturity on one life with a face value of US$4m. The company say that the maturity is in the process of being verified and assuming it is certified will add approximately 1.4p to the company’s NAV per share. TLI Alternative Asset Opportunities […]
Honeycomb Investment Trust has announced that it has agreed to acquire a portfolio of consumer loans from Caledonian Consumer Finance Limited and Carnegie Consumer Finance Limited for a purchase price of £15m. Caledonian is separately expected to acquire 700,000 ordinary shares in the Company from Pollen Street Capital Holdings Limited, an affiliate of the Company’s Investment Manager, Pollen Street […]
For the six months ended 31 December 2015, Advance Frontier Markets Fund saw a decline in its NAV of 14.7% during what proved to be a disappointing period for investors in frontier markets. The share price fell by 18.1% as the discount at which the Company’s shares trade widened to 10.0%. The MSCI Frontier Markets […]
GLI Alternative Finance has published its first set of accounts – interims covering the period from incorporation to 31 December 2015. At the end of that period the NAV was 100.9p and dividends of 1.55p had been declared. The report states that, since inception, the Company has declared dividends of 0.6p, 0.4p, 0.55p and 0.55p per […]
Picton Property has acquired a fully let office building in Salford Quays, Greater Manchester for £17.6m. After finance costs this transaction will increase the Company’s net income by approximately £900k per annum, rising to £1.2m per annum in April 2017. This reflects an increase in dividend cover of 5% and 7% respectively. The property, known as Metro, […]
TR European Growth underperformed its benchmark over the second half of 2015 – the net asset value total return (including dividends reinvested) was 6.7% compared to a total return from the benchmark index (The Euromoney Smaller Companies Index ex UK) of 8.2%. The share price total return was 7.0%. The discount increased from 7.6% to 8.0% compared with […]
Pan African Resources, which mines gold in South Africa, increased interim earnings in 2015 by 98% over 2014, to £10.9 million (GBP0.60 per share). Revenue increased by 11% to £75.6 million on the back of gold sales of 101.8 koz (up 17%) and a 11.7% increase in the gold price received, as a fall of […]
In October 2015, Dexion Absolute announced that, in the event that the Shares trade at an average discount of 5 per cent. or more to its NAV in the three months commencing on 1 January 2016, it would put forward proposals for either a winding up of the Company and the appointment of a liquidator or […]
The Renewables Infrastructure Group has published results covering the year ended 31 December 2015. The NAV per share was 99p at 31 December 2015, down from 102.4p at the end of 2014. They say this reflects the impact of the removal of LECs (subsidies) in the Summer Budget. Total distributions of 6.19p per share were declared, up from 6.08p. They are […]
Standard Life UK Smaller Companies’ diluted net asset value total return was 15.2% for the six months ended 31 December 2015. This compares with a total return of -1.0% for the Company’s benchmark, the Numis Smaller Companies Index (excluding Investment Companies). The Board say the outperformance is remarkable given stock markets have proved challenging over the period. The […]
Genesis Emerging says, over the second half of 2015, the Fund’s net asset value per share declined from 572p to 514p, a loss of 10.1%. The Fund’s share price also fell by 10.1% during the period with the discount ending 2015 at 11.9%. Although this result was slightly ahead of the Index, both the Board and the […]
Greencoat UK Wind has announced its annual results for the year ended 31 December 2015. During the period, the company’s NAV per share grew by 0.48% to 104.5p but, including dividend (6.26p) the company has provided an NAV total return of 6.6%. During the year, portfolio power generation was 8% above budget at 799.3GWh (the […]
Hibernia REIT has announced that it has exchanged contracts to acquire Central Quay, a modern office building located between Sir John Rogerson’s Quay and Hanover Quay in the South Docks area of Dublin, for €51.3m. Central Quay (pictured), was completed in 2007 and is a 57,700 square foot office building, arranged over six floors, with 26 […]
