Scottish American Investment Co has announced its results for the year to 31 December 2015. The net asset value total return (capital and income) for the year was 5.9%, ahead of the total return from equities of 4.1% (which, although it isn’t stated, is most probably the return on the MSCI World Index). The share price […]
SEGRO plc says it has noted the recent media comment regarding a possible transaction with Roxhill Developments. SEGRO confirms that it is in discussions regarding a possible arrangement with Roxhill that, should it be agreed, will enable SEGRO to strengthen its presence in the UK big box logistics market. The arrangement would involve SEGRO and Roxhill working […]
Target Healthcare REIT has announced that it has exchanged contracts to acquire a 12-bed specialist care home in Bricket Wood, St Albans for approximately £2.3m (including acquisition costs). The transaction is expected to complete after the expiration of a “planning judicial review period” in March. Following this, Target is to acquire the care home, which […]
GCP Student Living has raised £19m in a placing of its shares and has used the proceeds to buy a student accommodation block in Bristol. The Placing was significantly oversubscribed and the placing price was 135 pence. GCP Student Living has exchanged contracts to acquire Water Lane Apartments, a modern, private student accommodation residence located in a […]
MedicX Fund has announced that it has acquired a new primary healthcare centre, in Brynhyfryd, Swansea, by way of forward funding. The property is due to be completed in January 2017 and will be let to a GP practice, the Abertawe Bro Mogannwg University Health Board and a pharmacist. The company says that all leases […]
The Board of AEW UK REIT has announced the acquisition of a portfolio of three single-let industrial warehouses located in Basingstoke, Rotherham and St Helen’s comprising approximately 232,523 sq ft. The properties are fully let to Wella (UK) Holdings Ltd, Sapa Components UK Ltd and Kverneland Group UK Ltd respectively. The portfolio provides a WAULT of […]
Dunedin Enterprise Investment Trust has, through the Dunedin Buyout Fund III, committed £8.1m to an investment in Alpha Financial Markets. Dunedin Enterprise has an interest of 11.6% in Alpha. Alpha is the leading global asset and wealth management consulting firm. Founded in London in 2003, Alpha has grown rapidly and is now the global market […]
JZ Capital Partners has sold six European investments for €96.3m. These investments are held through the EuroMicrocap Fund 2010, L.P. The transaction will be completed in two phases. Firstly, on February 1, 2016, JZCP sold its stake in the first five assets (Docout, Ombuds, One World Packaging, Toro Finance, and Xacom) for €75.2 million. Secondly, […]
Regional REIT Limited has announced that it has exchanged contracts to buy the “Rainbow Portfolio” for £80m from Northwood Investors. The portfolio produces a net yield of 8.2% at a capital rate of only £70 per sq.ft., well below replacement cost. The portfolio comprises 12 assets, five offices and seven industrial sites totalling 1.15m sq.ft. and […]
Apax Global Alpha has announced a proposed commitment to Apax IX and amendment and extension of its Revolving Credit Facility. Apax Global Alpha has agreed an amendment and restatement of the multicurrency revolving credit facility agreement with Lloyds Bank plc dated 30 January 2015. The Amended and Restated Revolving Credit Facility increases the funds available from […]
Randgold Resources increased its gold production by 6% in 2015, to 1.21 Moz, from 1.15 Moz in 2014. Earnings per share, at US$2.03, were nevertheless down 20% as the company received a gold price of US$1,153/oz, US$112/oz lower than the previous year. The company managed to reduce its average cash costs slightly to US$679/oz. The […]
Following an announcement on 18 November 2015, from Juridica Investments, that it would no longer make new investments and would be conducting a review of its cost structure, its board have now announced amendments to its fee structure and measures that the company says will reduce its fixed costs going forward. The board says that, […]
GLI Finance has announced that, following its previous announcement on 21 December 2015 regarding the development of a strategic relationship with the Somerston Group of companies, that it has agreed binding terms with Golf Investments (a newly formed special purpose vehicle that is part of the Somerston Group). Somerston will be providing finance to GLI […]
Artemis Alpha has announced that, following a quarterly review of the Company’s unquoted portfolio, a number of adjustments have been made to the carrying valuations. These have resulted in an overall reduction of 2.1 per cent in the Company’s net asset value. The most significant reduction was to Starcount, where it was considered prudent to […]
Over the year to the end of October 2015 Henderson Opportunities returned 13.5%, way ahead of the 2.9% return posted by the FTSE All-Share Index, its benchmark. The discount widened to 10% from 3% and so the return to shareholders was 6.3%. The full year dividend was increased from 12.5p to 18p. Once again, 4D […]
Jupiter European Opportunities published its interim results on 4 February. Over the six months to the end of November 2015, the total return on net assets was 3.1%, well ahead of the -4.7% returned posted by the FTSE World Europe ex UK index. Demand for the company’s shares (£35m worth of new shares were issued […]
Electra has announced the sale of its interest in fine art materials producer Daler-Rowney to the FILA Group, a Milan-listed producer of writing instruments and art supplies. Electra received proceeds of approximately £32m which equates to an uplift of £20m or 163% on the valuation of Daler-Rowney at 30 September 2015, implying an increase in NAV per share […]
Further to the announcement on 15 December 2015, Alpha Pyrenees has announced that it has sold its properties located at Athis Mons, Aubergenville and Aubervilliers in France totalling approximately 59,730 square metres for EUR24.3 million. The purchaser is an investment vehicle managed by Colony Capital, Inc. (NYSE: CLNY), a global real estate and investment management […]
Alliance Trust Investments Limited has become the Investment Manager and Alternative Investment Fund Manager (“AIFM”) to Alliance Trust with effect from 3 February 2016 – so Alliance Trust has become externally managed (although Alliance Trust Investments is a subsidiary of Alliance Trust). Alliance Trust Investments has also replaced The Bank of New York Mellon, London Branch (“BNYM”) as […]
Alpine Select AG and Absolute Invest AG, shareholders in Altin with combined holdings of 32.41% have called for an Extraordinary General Meeting to take place by 16 March 2016 and for the following items to be put to a vote: The payout of a dividend of CHF 20.00 per share, paid out of retained earnings […]
Target Healthcare REIT Limited and its subsidiaries has announced that it has completed the acquisition of a premium, purpose-built care home in the south east of England for c.£14m (including transaction costs). This transaction is in accordance with the Group’s investment policy. The home was opened in 2011 and provides accommodation in luxurious surroundings in […]
BlackRock Commodities Income has published results for the year ended 30 November 2015. It will come as no surprise, given how weak the resources sector has been (the Brent oil price fell by 38% and key industrial commodities copper and iron ore plunged by 29% and 40% respectively), that the company had a poor year, […]
Green REIT has appointed JLL to sell “The Glas Collection” by private treaty on its behalf. The Collection comprises six properties and provides exposure to almost all Irish property sectors, with a diversified and secure income stream. Four of the six properties are in Dublin and include the mixed use Arena Centre in Tallaght, Ormond […]
The demand for UK small-cap investment trusts has increased markedly since May, amid slow growth and short term volatility in global markets, suggests data from QuotedData. – See more at: http://www.portfolio-adviser.com/news/1027294/cap-driving-demand-uk-uptick#sthash.PU3pDbt0.dpuf
HICL Infrastructure Company Limited, the listed infrastructure investment company advised by InfraRed Capital Partners Limited, has announced that it has reached an agreement to acquire a 13.8% interest in the A63 autoroute project in France. The vendors are Colas Sud Ouest and Spie Batignolles. The acquisition is subject to a number of conditions and is expected […]
JPMorgan Russian has published its results for the year ended 31 October 2015. The MSCI 10/40, the benchmark, fell by a further -13.4% (2014: -21.0%). Both JPMorgan Russian’s return to shareholders and the net asset value total return slightly underperformed the benchmark index, with falls of -13.5% and -14.2% respectively. The dividend is being maintained at […]
Polar Capital Global Financial has reported a return on net assets of 5.3% for the year to the end of November 2015. this compares well to a total return of 0.9% for the benchmark MSCI World Financials Index, and total return of 3.8% delivered by the broad MSCI World Index. The Company’s share price total return […]
Diverse Income’s interim results, covering the six months ended 30 November 2015, show the fund generating a return on net assets of 6.4% and a return to shareholders of 7.0%. They also declared two quarterly dividends of 0.65p each. The Board is rebalancing the quantum of the four quarterly dividends to make them more equal […]
TwentyFour Income Fund has announced a placing, offer for subscription, open offer and placing programme of new ordinary shares and an opportunity for shareholders to elect to realise some or all of their investment in the Company. A prospectus has been published providing details of the issue. TwentyFour Income Fund Limited was launched on 6 […]
HgCapital, the manager of HgCapital Trust, has announced that it has made a majority investment in Kinapse, a global provider of advisory, capability building and operational services to the life sciences industry, headquartered in London. HgCapital Trust will invest in Kinapse alongside other institutional clients of HgCapital, who will participate through the HgCapital 7 Fund. […]
