RAB Special Situations has given notice of an EGM to be held on 17 December 2015 at which shareholders are to be given the opportunity to decide whether the company should continue as an investment company. Based on discussions with major shareholders, the board believe this resolution will not pass and, assuming it doesn’t, shareholders […]
F&C Capital and Income Trust, chaired by Steven Bates (pictured), has announced its final results for the 12-months ended 30 September 2015. During the year the company’s NAV and share price total returns were 3.5% and 3.1% respectively, beating the trusts benchmark index, the FTSE All-Share, which fell 2.3%. The dividend has also been increased for […]
LMS Capital has announced its intention to return up to £40m to shareholders through a tender offer and repurchase of up to 29.98% of the ordinary shares of the Company. The proposed tender offer is the fourth made since the approval of the Company’s realisation strategy in November 2011 and will, if approved, bring the […]
The year to the end of September 2015 was a tough one for emerging European markets. Baring Emerging Europe saw its net asset value fall by 20.5% and its share price fall by 17.6% over this period but this was better than their benchmark index, the MSCI EM Europe 10/40 Index which fell by 23.0%. […]
Jupiter Green’s interim report, covering the six month ended 30 September 2015, shows the fund’s net asset value falling by 10.8% on a total return basis and a share price return of -11.5%. These figures compare to a -10.9% return on the MSCI World Small Cap Index. The manager’s report says “The Company lost ground, […]
Pacific Alliance China Land has announced that its jv partner, China Resources, has agreed with Wal-Mart China Holdings that it will sell Wal-Mart the remainder of its interest in Project Malls for RMB248m (US$38.9m). 50% of the consideration will be released to China Resources from escrow with the state owned exchange within 10 business days after […]
Lindsell Train Investment Trust’s interim report, covering the six months to the end of September 2015, shows the fund moving to a significant premium. Today this is 34%. The Chairman’s statement reiterates previous warnings to new investors of the dangers of buying stock at very high premiums. The net asset value just about beat the benchmark – […]
Troy Income and Growth Trust has announced its annual results for the year ended 30 September 2015. During the period, the company provided an NAV total return of 11.2% and a share price total return of +11.7%. Both of these are noticeably ahead of the total return performance of the FTSE All-Share Index of -2.3%. […]
NextEnergy Solar Fund has announced its half year results for the six months to 30 September 2015. During the period, its net assets grew by 16.2% from £248.4m to £289.0m, reflecting a fund raising £38.8m, whilst NAV per share increased by 0.7% from 103.3p on 31 March 2015 to 104.0p. At the end of the […]
Aberdeen Private Equity Fund, managed by Alexander Barr (pictured), has announced its interim results for the six-months ended 30 September 2015 during which the company’s NAV per share fell by 1.6% to 125.37p although, including the 2.2p dividend paid in September 2015, the Sterling NAV total return to shareholders was +0.2%. The company says that positive performance […]
LondonMetric Property has announced its interim results for the half-year ended 30 September 2015. During the period, the company’s EPRA NAV has increased by 4.3% to 146.6p per share (31 March 2015: 140.6p). The company says that Valuation gains have been driven by development activity and market yield compression. During the period, EPRA earnings have […]
Worldwide Healthcare has published interim results covering the six months to the end of September 2015. Over this period the pharmaceutical and biotech sectors experienced a sell off as US politicians waded into price gouging allegations at some forms. Worldwide Healthcare’s benchmark index (MSCI World Health Care Index) fell by 9.7%. the total return on net […]
The European Investment Trust, managed by Edinburgh Partners, has released its annual results for the year ended 30 September 2015. The board describe the period as a more challenging one for investing in European equities, during which, the NAV per share of the trust fell by 7.3% from 800.41p to 742.20p. After taking account of dividends […]
The Cayenne Trust has announced the results of its rollover elections. F&C Managed Portfolio Trust was the rollover vehicle offered. 2,4787,999 Cayenne shares have elected to rollover into F&C Managed Portfolio Income shares, 1,751,028 Cayenne shares have elected to rollover into F&C Managed Portfolio Growth shares, whilst 15,153,737 Cayenne shares have opted for the cash […]
Better Capital PCC has announced its interim results for the six-months ended 30 September 2015 for both the 2009 Cell and the 2012 Cell. During the period the NAV for the 2009 Cell has increased by 0.7% to £264.2m whilst the NAV for the 2012 cell has fallen by 22.1% to £263.3m. The decline in […]
Japan Residential Investment Company (JRIC) has announced today that, following the announcement, on 13 November 2015, that Nikko III Pte. Ltd. and JRIC had reached agreement on the terms of a recommended cash offer by Nikko III Pte, for the entire issued and to be issued share capital of JRIC (at 72p in cash per […]
Greencoat UK Wind has announced that its placing, by way of tap issuance to institutional investors, has raised Gross Placing Proceeds of £50m. As a result 46,115,906 new ordinary shares are to be issued at a price of 107.5p per share taking the total number of shares in issue to 507,967,051. The new shares are […]
Primary Health Properties has announced that it has contracted to fund and acquire a purpose built medical centre to be developed in Swindon Town centre. The net consideration for the property will be £10.0m. The property comprises of circa 2,500m2 to be fully let to NHS Property Services Limited for a 20 year term from […]
Pantheon International Participations Plc has announced that it has changed its registered name to Pantheon International Plc. The Company’s tickers for its Ordinary and Redeemable shares remain the same. PIN for the ordinary shares and PINR for the redeemable shares. Pantheon International drops the participations : PIN and PINR
TR Property Trust, managed by Marcus Phayre-Mudge (pictured), has announced its interim results for the half year ended 30 September 2015. During the period, the company’s NAV rose by 0.6% on a total return basis, ahead of the company’s benchmark , which fell 2.0%, whilst the share price fell by 4.1% and the discount to NAV increased […]
BACIT Limited has announced interim results for the six months ended 30 September 2015. The return on net assets for the period was -3.28% which compares to -7.19% for the FTSE All-Share Index and -6.78% for the HFRI Fund of Funds Strategic Index. Looking at the portfolio: Equity Funds (24.9% at 30 September 2015 vs. […]
Amara Mining has increased M&I gold resources at its Yaoure project, in Côte d’Ivoire, by 17% (739 koz) to 5.2 Moz at a 19% higher grade of 1.54 g/t gold (using a cut-off of 0.5 g/t). Furthermore the company has increased the confidence in resources at the project by increasing the percentage of M&I resources […]
Chenavari Capital Solutions has announced that it intends to seek shareholder approval for the extension of its investment period for up to 12 months to 31 December 2016 at an EGM scheduled for the 18 December 2015. In the Company’s prospectus, published in connection with its IPO, the Company stated that, following 31 December 2015, […]
The Board of MedicX Fund Limited has agreed to give Octopus Healthcare Adviser an extension to its notice period in exchange for a cut in fees. The announcement says the alteration to the fee structure, which applies to any fees payable on or after 1 October 2015, is designed to enhance shareholder value as the portfolio of […]
Shaftesbury has published results for the year ended 30 September 2015. The EPRA NAV increased by 21.9% to 869p and EPRA earnings per share increased by 6.6% to 13p. The total dividend for the year was upped by 5% to 13.75p. Commercial rent reviews came in at 24.8% above previous rents, equivalent to five-year compound […]
Premier Energy & Water published a prospectus on Friday that covers a reconstruction and voluntary winding up of PEWT Securities PLC. PEWT Securities PLC is the company behind Premier Energy & water’s current ZDP issue. These are coming to the end of their life. They are proposing that holders of these zeros be given the […]
BACIT is proposing that it start paying management fees. These won’t be huge and the investment policy – that it will invest in underlying funds on a “gross return” basis, that it will invest up to 1% a year of its net asset value in drug development projects and that it will donate 1% a year of […]
Perpetual Income & Growth has published interim figures for the six months ended 30 September 2015. The FTSE All-Share Index returned -7.2% over this period but Perpetual Income & Growth returned -0.2% on net assets and the return to shareholders was +2.4% (the shares moved from a 3% discount to 0.1% discount). The dividend for […]
Marwyn Value Investors has announce that, under the terms of its conditional placing (announced on 19 November), 22,727,273 ordinary shares in the have been conditionally placed at a price of 220p per share with institutional investors. Completion of the placing, which has conditionally raised £50m, remains subject to a number of conditions including approval at […]
Riverstone Energy has announced a dilutive share issue. It intends to raise up to £65m through a placing and open offer at £8 per share and intends to use up to US$67m of the proceedes to increase its stake in Canadian International Oil Corp. The open offer, due to launch on 23 November 2015, is being […]
