Summit Germany has announced its interim results for the six months ended 30 June 2016. During the period, the company’s EPRA increased by 1.2% to €432.6m (31 December 2015: €427.5m). In terms of the company’s financial performance, net rental income increased by 31% to €28.9m (first half of 2015: €22.1m, full year 2015: €49.6m), whilst […]
F&C UK Real Estate Investments has announced its annual results for the year ended 30 June 2016/ During the year, the company’s NAV total return was 7.5% although its share price total return was -6.5% as the company moved from trading at a small premium to NAV, at the beginning of the period, to a […]
P2P Global Investments has confirmed that it has completed the first securitisation of consumer loans originated via a marketplace platform in the EMEA region. The securitisation is backed by UK consumer loans originated via the Zopa platform. The bonds were rated by Moody’s and Fitch Ratings, and given the ratings of Aa3/AA- on the most senior […]
Livermore Investments has published its interim results covering the six months ended 30 June 2016. The NAV of the Group as of 30 June 2016 was USD 0.86 per share, up from USD 0.77 per share at 31 December 2015. The Group generated net income of USD 6.18m (30 June 2015: USD 1.96m), which represents […]
Tritax Big Box REIT has announced details of a placing, open offer and offer for subscription of new ordinary shares, in aggregate equalling up to 113,636,364 new shares, at a price of 132 pence per new share. The target size for the fund raising is £150m and the issue price represents a discount of 7.1% […]
Private Equity Investor has announced that it has made applications to the FCA to remove the listing of its shares from the Official List and to the London Stock Exchange to cancel trading in its shares on the London Stock Exchange’s market for listed securities. Private Equity Investor also says that, in connection with the […]
Kennedy Wilson Europe Real Estate has announced that it is launching a share buyback programme. The company says that the programme will involve the immediate launch of on-market purchases of ordinary shares in the Company, for a maximum aggregate purchase price of £100 million, and shares bought back under the programme will be cancelled. The […]
John Laing Environmental is pleased to announce that it has entered into an agreement with Energiequelle GmbH (“Energiequelle”) to acquire 100% of the Energie Eolienne de Plouguernevel wind farm. Following the acquisition of Parc Éolien Le Placis Vert wind farm earlier this year, this is the second project John Laing Environmental is acquiring from Energiequelle. The consideration […]
Gemfields, the AIM-listed emerald, ruby and sapphire producer, has reported profits for the financial year ended 30 June 2016 up 91%, to US$23.5m, from the previous year. EPS doubled to US$0.02. Revenue increased by 13%, to US$193.1m. The biggest increase came from emerald sales, rising from US$64.9m in FY2015, to US$101.2m in FY2016 with record […]
HarbourVest Global Private Equity has decided to consolidate its listing on the Main Market of the London Stock Exchange and has applied to delist from Euronext Amsterdam. This delisting is expected to take effect on 24 October 2016, with the last trading date being 25 October 2016. It is intended that subsequent to this, the […]
Schroder UK Mid Cap Fund has announced that Jean Roche, a fund manager in Schroders’ Pan-European Small and Mid Cap team, has been appointed as co-portfolio manager, joining Andy Brough, with immediate effect. This follows Rosemary Banyard’s retirement earlier this year. Jean joined the team in January 2016 from Hargreave Hale where she was most recently a […]
When Jupiter UK Growth changed its name and investment policy the Board advised that the high watermark used to calculate any future entitlement to a performance fee for the manager would be reset in order to fairly incentivise the new portfolio manager pursuant to the company’s new investment strategy. At the same time the base annual […]
IC Top 100 Fund SVG Capital (SVI) has received a takeover offer from global private equity company HarbourVest and shareholders in possession of more than half the shares are backing the offer. Only 50 per cent of SVG’s shares need to vote in favour for the deal to go ahead. SVG’s board is opposing the […]
The Board of Alternative Asset Opportunities PCC Limited (Traded Life Interests) announced on 13 September 2016 that it had conditionally agreed to sell 71 of the Company’s 80 policies for a total cash consideration of $40.0 million, subject to adjustment. The disposal requires changes to the company’s current investment objective and policy which are material […]
Eastern European Property’s net asset value at 30 June 2016 was GBP15.7 million, equivalent to 100.79p per share (31 December 2015: GBP15.8 million and 101.46p per share). They are reporting net income after tax for the period ended 30 June 2016 of GBP0.3 million, representing earnings per share of 2.24p. The share price decreased by 1.25p during the period from 50.75p at 31 December […]
Highbridge Multi-Strategy Fund has published a circular in connection with a tender offer for the company. The board has the power to offer shareholders quarterly cash exits, at NAV less costs, and the first such tender offer is to take place in October 2016. The company expects that tendering Shareholders will receive most of the […]
JPMorgan Mid Cap has published results for the year ended 30 June 2016. The end of the period was marked by the referendum. The Mid Cap index fell just over 15% in a period of just five business days, resulting in a benchmark return for the year to 30th June 2016 of -5.7%. The investment managers tried […]
Schroder Asian Total Return has published a circular to convene a meeting at which shareholders will be asked, amongst other things, to approve the reissue of treasury shares at a discount. The special resolution would give the directors the authority to reissue up to 7,294,914 ordinary shares from treasury (representing approximately 10 per cent of the […]
Qatar Investment Fund last rejigged its fee arrangements on 1 November 2013. The new arrangement was put in place for three years. The terms were a reduced management fee of 1.05% per annum of the net asset value, calculated monthly and payable quarterly in arrears, with such management fee reducing further to 1.0% from 1 […]
Jupiter US Smaller Companies has published results for the year ended 30 June 2016. The NAV per share increased by 8.7% to 787.3p in the twelve months to 30 June 2016. This compared to a gain of 8.1% in the benchmark, the sterling adjusted Russell 2000 Index. In dollar terms, the Russell 2000 Index of […]
VPC Specialty Lending Investments PLC has announced its unaudited half-yearly financial results for the period ended 30 June 2016. During the period under review, it delivered a total NAV return of 1.51% and paid quarterly dividends amounting to 3.5p per share. The vast majority of investments have exhibited credit losses in line with expectations. However, […]
Sanditon Investment Trust has announced its annual results for the year ended 30 June 2016. During the year, the company provided an NAV total return of 2.7%, modestly outperforming the FTSE All-Share, which returned 2.2%. However, a narrowing of is premium to NAV, from 3.4% at 30 June 2015 to 1.0% at 30 June 2016, […]
Macau Property Opportunities Fund’s portfolio has registered a drop in value for the second consecutive year – a consequence of the continued decline in Macau’s gaming revenue and its slowing economy, largely attributable to China’s anti-corruption campaign. For the year in review (12 months to 30 June 2016), Macau Property Opportunities Fund’s portfolio of properties […]
Phoenix Spree Deutschland sat the first half of 2016 saw further growth in rents and property values, resulting in an EPRA NAV per share total return of 7.8% for the half year. This puts the company well on track to achieve its target annual return per share of 8-10%. The Board is pleased to declare a […]
Over the year ended 30 June 2016, the sterling return of the MSCI All Countries World Index was 13.3% JPMorgan Global Growth & Income’s total return on net assets was lower than the benchmark, at 8.2%. There was a sharp widening of the discount from 6.9% at the start of the year to 14.4%, notwithstanding an active policy […]
During the six months to 30 June 2016, Schroder Asian Total Return produced a net asset value total return of 15.8%, outperforming both the MSCI AC Asia Pacific ex-Japan Index, which produced a total return of 12.9%, and the peer group average NAV total return of 14.5%. If this level of performance continues, a performance fee will […]
Mercantile’s net asset value total return in the six months to 31st July 2016 was -1.0%, compared to a return of +5.7% from its benchmark index, the FTSE All-Share, excluding FTSE 100 constituents and investment trusts. The share price return was -4.0%. A second interim dividend of 10.25 pence per share has been declared. Together with the […]
Jupiter UK Growth has published its first set of accounts since its transformation into a UK focused trust covering the year ended 30 June 2016. The new strategy began to be implemented immediately following the general meeting of shareholders on 18 April and most of the changes in the company’s investment portfolio were accomplished by […]
Globalworth Real Estate Investments has announced its interim results for the six months ended 30 June 2016. The investment manager says that, during the first half of 2016, they focused on organically growing the Company, mainly by concentrating their efforts on the company’s development programme, optimising the capital structure and improving the occupancy of the […]
