Great Portland Estates has announced its interim results for the six-months ended 30 September 2015. During this period, the company’s EPRA NAV per share has increased 14% to £8.08. The company’s EPRA profit before tax of £24.3m for the period is up 15.7% year-on-year whilst its EPRA EPS of 6.9p is an increase of 16.9%. […]
Workspace Group has announced its interim results for the six-months ended 30 September 2015. During the period the company’s EPRA NAV per share increased by 12.7% to £ 7.92 (from £7.03 as at 31 March 2015). Within this, the underlying property valuation has increased by 9.6% £1,6312m (31 March 2015: £1,423m). Profit before tax for […]
Schroder Oriental Income Fund, chaired by Robert Sinclair (pictured), has announced its results for the year ended 31 August 2015, during which the company’s NAV fell by 5.8% and its share price by 6.1%. However these are both appreciably ahead of the performance of the Company’s reference index, the MSCI AC Pacific (ex Japan) Index, […]
Northern Investors has released its interim report for the half-year ended 30 September 2015. The company continues to follow its realisation strategy and, during the period, the number of holdings in the portfolio was reduced further from 15 to 12. Investment sales during the period generated total cash proceeds of £2.5m. The NAV per share […]
JPMorgan Japanese, managed by Nicholas Weindling (Pictured), has announced its final results for the year ended 30 September 2015 during which the companies NAV rose 14.7% (total return in sterling terms), outperforming its benchmark TOPIX index, which returned 6.0%. The share price performance was stronger returning 19.5% during the year. Over three years the Company’s […]
Centamin has reported EPS of USc0.55 for Q3 15, down significantly from the USc1.39 posted in the corresponding quarter of 2014, and the EPS of USc2.50 in Q1 15 and USc1.65 in Q2 15. Despite a 13% increase in gold production in Q3, to 105 koz, and cash costs that were generally in line with […]
Gabelli Value Plus+ Trust has announced its first set of interim results for the period between 19 February and 30 September 2015. During the period the trust’s NAV fell 6.4% in total return terms underperforming the S&P 500 which fell 5.5% during the period (in Sterling adjusted terms). Share price total return during the period […]
Chelverton Growth Trust has announced results for the year ended 31 August 2015. Unfortunately the fund underperformed its benchmark index – the net asset value rose by 6.95% while the MSCI UK Small cap Index rose by 9.77%. Since the year end though they have had some good news as their largest investment (37% of […]
Hg Capital has announced that it has agreed the sale of Casa Reha, a leading private German provider of elderly care services, specialising in high quality, assisted living, to Euronext-listed Korian, a leading European provider of elderly health care services. Completion is subject to regulatory approval. Hg Capital Trust will realise cash proceeds of approximately […]
Land Securities has announced interim results covering the six months ended 30 September 2015. The adjusted diluted NAV rose 5.7% to 1367p (total return 7.0%) while the adjusted diluted EPS rose by 8.4% to 23.2p helped by a fall in vacant space within the portfolio (from 3.2% to 2.8%). The dividend is being increased by 3.2% […]
Globalworth Real Estate Investments Ltd has announced the acquisition of Skanska’s second building in the Green Court Bucharest project. The gross transaction value is approximately Euro 47 million. Closing of the acquisition is expected in December 2015. Green Court Bucharest is a prestigious, newly built class-A office park comprising three buildings, strategically located in Bucharest’s new […]
Ranger Direct Lending, which listed in May and is still only 76% invested (as at 9 November), says it is planning a C share issue to raise up to £135m. They say they anticipate full deployment of Ranger’s equity capital by early December, within its stated target of fully deploying the net proceeds raised at IPO […]
Securities Trust of Scotland generated a return on net assets of -10.7% over the six months ended 30 September 2015. By contrast, the fund’s benchmark, MSCI World High Dividend Yield Index, returned -9.1%. The discount widened from 5.75 to 7.5% and so the return to shareholders was -12.5%. The dividend was increased from 2.3p to […]
British Empire underperformed its benchmark over the year that ended on 30 September 2015, delivering a total return on net assets of -8.3% against a -5.6% return for the MSCI All Country World ex-US Index. The Morningstar Investment Trust Global Index rose by 3.7% over the period. The discount widened slightly from 10.3% to 11.6% (despite them […]
Empiric Student Property is paying £40m to acquire Windsor house in Cardiff. The property, which is Empiric’s fourth acquisition in Cardiff, is located directly opposite the Group’s existing Summit House property on Windsor Place, in the city centre within a ten-minute walk from the University of Cardiff. Cardiff is also home to Cardiff Metropolitan University […]
AEW UK REIT has announced that it has secured a £40m 5 year term loan facility with RBS International. AEW UK REIT has approximately £81m invested. It will use the Facility to continue its investment process once net IPO proceeds have been fully invested and to provide gearing of up to 20% loan to Net Asset […]
London & St Lawrence has published results for the year ended 31 August 2015. Over that period the total return on net assets was -0.5%, which compares well with the -5.6% return on the FTSE All-Share Index. The shares moved from trading on a 2.5% premium to a 1.2% discount though and so the return to shareholders […]
3i Infrastructure has published interim results covering the six month period that ended on 30 September 2015. It generated a total return on net assets of 6.5% over the period (adjusting for the payment of a special dividend at the end of July). The interim dividend is 3.625p – in line with their objective of […]
Project Finance Investments has been announcing a series of deals as it deploys the money it raised in its IPO. All of the investments are made through Loan Notes issued by Project Finance Investments (UK) Limited, a wholly owned subsidiary of the Company. On 5 November it said it had committed to subscribe for a […]
JPMorgan Overseas, managed by Jeroen Huysinga (pictured), has announced that shareholders have approved the sub-division of the company’s 25p ordinary shares, on a five for one basis, into 5p ordinary shares. The sub-division is to take place following admission of any new shares to be issued in connection with the final exercise of the Company’s subscription […]
Capital Gearing has announced interim results covering the six months to 5 October 2015. As at that date, the net asset value per share was 3,240.5p compared to 3,297.6p at the last year end on 5 April 2015, a decline of 1.7%. This compares with declines of 6.5% in the FTSE All-Share index and of […]
Stratex International plc’s 45%-owned Altintepe gold project, in Turkey, has poured its first gold. Under Stage 1 of the operation, which focuses on exploitation of the Camlik East zone, the mine is expected to deliver a minimum of 30 koz/y of gold over 34 months for a total of 110 koz of gold. Bahar will […]
Henderson Far East Income has announced its results for the year ended 31 August 2015. During the period the company’s NAV total return was -11.5%, marginally outperforming its benchmark, the FTSE All-World Asia Pacific ex Japan Index, which returned -11.8%. The company moved from trading at a 0.4% premium to a 0.9% premium during the […]
NextEnergy Solar Fund has announced plans to issue and then immediately repurchase into treasury of 30,850,000 new shares. Over time the shares can then be sold out of treasury, which the company says will give it the flexibility to raise additional capital in an “efficient and cost-effective manner”. The company says the shares will be […]
Scottish Mortgage has reported interim results for the six months ended 30 September 2015. It was a period of falling markets – the FTSE All-World Index fell by 11.8%. Scottish Mortgage did a little better, its NAV fell by 10.9% over the period and the share price fell by 9.7%. The interim dividend is being […]
Kennedy Wilson Europe is offering €300m of 3.25% senior unsecured notes due 2025 as the first part of a £2bn programme of bond issuance announced yesterday. The Euro Medium Term Note Programme allows Kennedy Wilson Europe to issue, from time to time, up to £2,000,000,000 of various types of debt securities in certain markets and currencies. Kennedy […]
Over the year to the end of August 2015, Fidelity Special Values generated a return on net assets of 7.4%, well ahead of the -2.3% return posted by its benchmark. The return to shareholders was even better at 12.4% as the discount narrowed from 6.3% to 2.0%. The dividend was increased from 3.3p to 3.35p. […]
BlackRock North American Income Trust has announced that it has reached an agreement on a revised fee basis with the trust’s manager. From 1 November 2015, the management fee will be 0.75% of the Company’s net assets. Where the Company invests in other investment or cash funds managed by BlackRock, any underlying fee is rebated. […]
International Biotechnology Trust has announced results for the year ended 31 August 2015. Over this period the NAV return was 48.2% which compares very favourably to the return on IBT’s benchmark, NASDAQ Biotechnology Index, which returned 33.6%. The share price did even better as the discount narrowed from 20.5% to 6.0% and shareholders got a return […]
Macau Property Opportunities Fund Limited, managed by Sniper Capital Limited, has announced that it has entered into a HK$282 million (US$36.3 million) five-year loan facility with Hang Seng Bank for its properties in One Central Residences. The new loan facility serves to finance the repayment of tranche 1 of the original loan which matures on 25 […]
