CVC Credit Partners reports an increase in its NAVs from €1.0247 to €1.0257 for its Euro share class and 102.87p to 103.52p for its Sterling share class over the course of 2015. The share prices of the two share classes fell by 2.9% and 4.0% respectively. Dividends totalling 5 cents / 5p were also paid. […]
Custodian REIT has announced that it has a 34,955 square foot retail warehouse in Banbury, currently let to B&Q, for £6.525m. The warehouse is located one mile from junction 11 of the M40 and within walking distance of the town centre and railway station. Nearby occupiers include Wickes, Halfords, Homebase, Dunelm Mill, Topps Tiles and […]
Amedeo Air Four Plus Limited, via its wholly-owned subsidiary AA4P Epsilon Limited, on 19 February 2016 purchased directly from Airbus one A380 aircraft bearing manufacturer’s serial number 206 at a net cost to the Company of US$275 million. The Aircraft is the Fifth Asset to be acquired by the Company. Following acquisition of the Aircraft, AA4P Epsilon […]
The Board of Ecofin Power & Water Opportunities has announced that the continuation vote referred to in the Chairman’s statement in the company’s annual report will take place at a General Meeting expected to be held on Tuesday, 14 June, 2016. As explained in the Chairman’s statement in the annual report, the Board is currently considering […]
CATCo Reinsurance Opportunities Fund has published its Annual Report. For the year ended 31 December 2015, it achieved a net NAV return for shareholders of 11.58%, exceeding the target annual net return of LIBOR plus 9 to 12% per annum. CATCo also outperformed the industry benchmark, the Eurekahedge ILS Advisors Index, by 7.31%. They say […]
BlueCrest Capital Management Limited has made a statement which we reproduce below: “CDS Settlement Dear Investor, We are writing to inform you of a positive development that we believe will affect the BlueCrest managed funds listed below. As you may have read in the press, there has been a recent settlement of a U.S. […]
Dunedin Enterprise Investment Trust says its largest investment, CitySprint, has been realised with a portion of the proceeds being rolled over into a new company (“New CitySprint”). The realisation of CitySprint values the company at £175m and generates proceeds of £26.1m for Dunedin Enterprise. This compares to a valuation at 30 September 2015 of £23.2m. […]
M&G High Income says, on a net asset value basis, each Package Unit delivered a negative total return of 3.6% over the six months to 30 November 2015. This was above the returns of the FTSE 350 Higher Yield Index and the FTSE All-Share Index, which were a negative 9.4% and 6.4% respectively over the same period. Over the six months […]
Brunner says that over the course of 2015, on a total return basis, its NAV increased by 1.7%, slightly underperforming its benchmark which returned 1.8%. The total dividend payment for 2015 was 15.3p, an increase of 2.0% on last year. There was no report from the managers in the announcement but, looking at the full annual […]
Aureus Mining has improved performance and production at its New Liberty gold mine, in Liberia, in the first few weeks of 2016 after raising recovery levels towards design levels. Total gold production since 1 January 2016 is 11.0 koz, versus 17.2 koz produced from the official opening of the mine in August 2015 to the […]
SQN Asset Finance Income paid dividends totalling 6.26p during the second half of 2015 while its NAV edged off a little, falling from 99.93p to 99.84p. The share price rose by a quarter of a penny to 108p. the weighted average yield of the portfolio remains above 9.5% and the average term of their leases […]
The Board of JPMorgan Senior Secured Loan has considered the future prospects of the Company, particularly in light of the commitment under its Articles of Incorporation to make a redemption offer for 50 per cent. of its shares, triggered by the Company’s shares trading at an average discount in excess of five per cent during […]
SEGRO has announced its annual results for the year ended 31 December 2015. The company describes the year as one of strong operating and portfolio performance and they say the results reflect the active management of their assets, positive market dynamics and the strategic repositioning of the company’s portfolio, which is now almost exclusively focused […]
Strategic Equity Capital’s interim figures, covering the six months ended 31 December 2015, show the NAV per share and the NAV total return per share decreased by 2.3% and 2.0% respectively. The Chairman’s statement says that aside from the exceptionally disappointing returns from one investment, Tribal Group, the vast majority of the remaining portfolio performed […]
Sanditon Investment Trust says the second half of 2015 was a disappointing period for the fund with the net asset value closing at 99.3p which, after including the 0.45p maiden dividend paid to shareholders in December, amounted to a loss of 3.25% over the period. The share price closed the year at 107.4p, up 0.8% […]
SEGRO has announced that it has entered into an exclusive partnership with Roxhill to potentially develop more than 10 million square feet of big box logistics warehousing, over 10 years, in the South East and Midlands. This will allow SEGRO to add significant scale to its UK big box logistics portfolio. SEGRO says that Roxhill is […]
Redefine International has announced the completion of the Placing, which has raised gross proceeds of approximately £115m (net proceeds approximately £109m). A total of 270,588,236 new Ordinary Shares are being issued under the placing. These shares, in aggregate, represent approximately 15.32% of the company’s issued ordinary share capital immediately following admission of the shares. The […]
Schroder European Real Estate announced yesterday that contracts have been exchanged for the purchase of two office buildings located in Germany’s leading office markets Stuttgart and Hamburg, for a total of EUR28.9 million at a blended net initial yield of 6.0%. The assets are fully income producing and multi-let to a combination of governmental and […]
Herald Investment Trust has announced its annual results for the year ended 31 December 2015. During the period, the company’s NAV grew by 8.4% to 881.8p per share, whilst its share price grew by 13.1% to 745.3p reflecting a narrowing of the discount from 19.0% to 15.5%. Both the share price and the NAV beat […]
Miton UK MicroCap, managed by Gervais Williams (pictured), has announced that pursuant to the placing, offer for subscription and intermediaries offer of C shares (as described in its prospectus published on 4 February 2016) it has raised gross proceeds of £28m with net proceeds expected to be approximately £27.4m. The company says that applications received under the […]
GLI Finance has updated its NAV and given some information on the progress of the review of its business post the departure of its previous chief executive. There’s a lot in the announcement so we reproduce it in full below. “Confirmation of permanent CEO, Strategic Review and NAV Update The Executive team The Board of […]
Hammerson announced its results yesterday. The highlights were an 11.3% uplift in its EPRA NAV, a 12.6% increase in its adjusted earnings per share to 23.9p on the back of a 4.3% improvement in net rental income (2.3% like for like). Overall occupancy rose from 97.5% to 97.7%. Retail sales at their centres rose by […]
Regional REIT’s Board has announced that it intends to increase the frequency of dividend payments and move to the payment of quarterly dividends with effect from the financial year beginning 1 January 2016. Further details on the quarterly dividends are expected to be announced alongside the publication of the Company’s results ending 31 December 2015. […]
Murray Income says, over the 6 months ended 31 December 2015, the Company’s net asset value (“NAV”) per share fell by 1.0% on a total return basis outperforming the FTSE All-Share Index which fell by 2.0%. The Company’s share price ended the period at a discount to NAV of 8.0%, compared to 6.9% at 30 June […]
Armadale Capital has completed a feasibility study on the Phase 1 development of its 80%-owned Mpokoto project in the DRC’s Katanga Province. Phase 1 will focus on the oxide and transition ore down to a depth of about 40 m below surface. The feasibility study plans for a series of open pits to mine 10.4 […]
Hansteen Holdings has announced that it has acquired a further 5.5 million units in the Ashtenne Industrial Fund from clients of CBRE Investors for £2.5m cash, which reflects a price of 46.06p per unit. The company says that the acquisition represents 0.9% of the units in issue and increases Hansteen’s holding in the Ashtenne Industrial […]
HgCapital, the Manager of HgCapital Trust has announced that it has made a majority investment in Citation, which they describe as one of the UK’s leading providers of Health & Safety, HR, Employment Law and ISO services to SMEs. HgCapital will assume majority ownership from ECI Partners, investing alongside the existing management team. The terms […]
Alliance Trust has announced that Katherine Garrett-Cox (pictured) will stand down as chief executive of its management company, Alliance Trust Investments Limited (also a subsidiary of Alliance Trust ), and will be leaving the company on 11 March 2016. The company says that this follows discussions between the Board and Katherine about the future requirement […]
City of London Investment Trust has published interim results covering the second half of 2015. Over this time the NAV total return was 1.5% which was slightly behind the average for the UK Equity Income Investment Trust sector (1.7%) but ahead of the UK Equity Income OEIC sector (0.8%) and the FTSE All- Share Index […]
BlackRock Throgmorton Trust beat its benchmark by more than 10% over the year that ended on 30 November 2015. The Company’s net asset value per share returned 23.2% compared with a return of 11.9% for the Numis Smaller Companies excluding AIM (excluding Investment Companies) Index. Shareholders did even better – the share price return was […]
