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 […]
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 […]
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 […]
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 […]
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 […]
Alpha Real Trust announces it has entered into a purchase agreement to acquire the long leasehold interest in a central Scotland land development site. Alpha Real Trust has entered into a 40 year, long leasehold interest with full planning consent and secure grid connection for the installation of a wood fired Combined Heat and Power (“CHP”) plant […]
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 […]
