International Public Partnerships reported growth of its assets of 1.5% to £1.08bn with NAV per share increasing 1.3% to 128.6 pence (31 December 2014: 127.0 pence) for the first half of 2015. similar assets. The portfolio delivered a return of 6.1%, reflecting the move in market pricing of these assets, notably an uplift in the value of Angel […]
Foresight Solar has announced the completion of its acquisition of the 34.7MW Port Farm asset, located in Wiltshire. The solar farm was connected to the Grid in March 2015 and has received Renewable Obligation Certificate (“ROC”) accreditation at the rate of 1.4ROCs/MWh. The acquisition has increased the Company’s net portfolio of assets to 322MW. The deal has […]
https://www.sharesmagazine.co.uk/articles/feast-on-dividends We explore what’s on the menu for investors wanting to earn a tasty income via stocks, funds and ETFs Bank of England governor Mark Carney’s hint earlier that interest rates could start rising by the ‘turn of the year’ is unlikely to dampen the attraction of equities as a core source of income for […]
Ukraine Opportunities reports that its NAV fell from $3.567 to $3.20 over the first half of 2015. The share price move was more dramatic – a fall from $3.10 to $2.20 – as the discount moved from 13.2% to 33.5%. The Board made the following statement: “Having consulted with its major shareholders, and taking into […]
Starwood European Real Estate Finance has published its interim results covering the six month period to the end of June 2015. As at 30 June 2015, the Net Asset Value was 99.94 pence per Ordinary Share and the share price was 107.25 pence. The Board believes that competition to provide loans is increasing and Starwood […]
Minerals royalty company, Anglo Pacific Group, reported a loss after tax of £8.8 million (5.8p/share) for the six months to end June 2015, an improvement from the £23.0 million loss (20.8p/share) reported in the corresponding period of 2014. Results were impacted by writedowns on the valuation of its Kestrel coal royalty (£9.1 million on lower […]
NB Private Equity has announced interim results for the first half of 2015. It is reporting a 2.6% increase in Net Asset Value to $713.0 million (31 December 2014: $694.8 million). This was driven by unrealised gains on public and private equity holdings as well as cash and payment-in-kind (“PIK”) interest on its income investment portfolio. Of the $45.1m uplift […]
Fair Oaks Income Fund says the Fair Oaks Income Fund LP (the “Master Fund”) has entered into binding contracts to acquire, in the primary market, $28.0 million notional of equity notes, representing 73% of the total equity, and $8.6m notional of Class F notes of Shackleton 2015-VIII CLO, a new CLO backed by a portfolio […]
CVC Credit Partners European Opportunities says its Euro and Sterling Ordinary shares have returned 4.8% and 5.0% respectively on a total return basis for the six months ended 30 June 2015. They have been managing the portfolio with the aim of paying an annual dividend yield of around 5%. A 2.5p / 2.5c semi-annual dividend was declared […]
BHP Billiton has posted profits for the year ended 30 June 2015 down 86% from the previous financial year to US$1.9 billion or US$0.36/share. Excluding exceptional items, attributable profit was US$7.1 billion, a reduction of 47%. Group revenue fell from US$56.8 billion to US$44.6 billion (from continuing operations) with iron ore the hardest hit sector, […]
South 32, the resources company spun out of BHP Billiton earlier this year, has reported its first annual results (on a pro-forma basis). In the financial year to end-June 2015, the company reported headline profit of US$28 million, down 56% from the previous year, leading to EPS of USc0.5, against USc1.2 previously. The results include […]
Bluefield Solar Fund is buying three solar assets: Bluefield EIS Solar Limited (“Solar EIS”), Bluefield Kite Limited (“Kite”) and Bluefield Peregrine Limited (“Peregrine”), which between them own and operate 28 solar photovoltaic (“PV”) plants (the “Plants”). The Plants, each built and commissioned prior to the end of Q1 2012, have over three years of operational […]
Over the six months to the end of June 2015, Acencia Debt Strategies (which is now reporting its results in US dollars for the first time) saw total return on net asset value of 1.8% to US$1.73 (NAV was flat – return is down to dividends paid). Total Shareholder returns were up 0.1% per cent to a share […]
GCP Infrastructure has completed a transaction subscribing for a loan note to be used to fund biomass plants, with a term of 17 years and a value of up to £62.9m, £36.6m of which was advanced at completion and the remainder is expected to be drawn down over the next few months subject to various conditions. The Loan […]
NewRiver Retail is buying 158 pubs from Punch Taverns for £53.5m which equates to a net initial yield of 13.61%. The projected annual profit before tax of the portfolio is circa £6m, which will generate a cash on cash equity return in excess of 20%. The acquisition of the portfolio includes circa £0.5m of fixtures, […]
Avarae Global Coins reports results for the year ended 31 March 2015. Its NAV per share increased to 14.9 pence (2014: 14.5 pence). It made sales of £630,000. Profit on ordinary activities of increased more than 50% to £380,000 up from £250,000. The full year dividend is maintained at 0.15 pence per share. The carrying value of their […]
John Laing Infrastructure Fund Limited has entered into a five year£180m Revolving Credit Facility with Royal Bank of Scotland, HSBC , ING Bank and Commonwealth Bank of Australia. This facility replaces the existing £150m facility with RBS, Lloyds and ING, with no cancellation fees payable. The margin on the new facility is 1.75% over LIBOR making both the margin and associated commitment fees significantly lower […]
http://www.investorschronicle.co.uk/2015/08/13/funds-and-etfs/the-big-theme/retire-on-investment-trust-income-kn9TCSWO3A2NBDlt9wLMSL/article.html Over the past few years the number of investment trusts paying quarterly dividends has increased, with 118 out of more than 400 investment companies paying a quarterly dividend, according to a recent survey by QuotedData. Meanwhile, five investment trusts pay a monthly dividend, in contrast to only one 18 months ago.
Gold showed further strength overnight and this morning, advancing to US$1,168/oz in the spot market before settling back to fix in London at US$1,149/oz, the highest price in over a month. The price has risen over 6% since it fixed at US$1,080/oz on 31 July, the lowest level for five years. According to Bloomberg, the […]
3i Infrastructure is investing £23m to take a 50% stake in the West of Duddon Sands offshore transmission project. The vendors are Dong Energy and Scottish Power Renewables. The remaining equity in the project will be acquired by Macquarie Capital. The consortium was selected as preferred bidder following a competitive tender run by Ofgem in July 2014. The project […]
Hg Capital delivered a 3.8% return on net assets for the six months ended 30 June 2015 and the return to shareholders for the period was 7.2%. By comparison, the return on the FTSE All-Share Index for the period was 3.0%. The valuation uplift was driven by a combination of growth within the businesses of […]
Empiric Student Property has exchanged contracts to acquire on practical completion the freehold on a site to be developed into a high quality turnkey student accommodation scheme on James Street West, in Bath, for a total investment of £25m (excluding acquisition costs). The property is currently owned and is being developed by James House Limited […]
KAZ Minerals has reported EBITDA of US$88 million for H1 2015, 55% down from the corresponding period of 2014. However, the company recorded a net loss of US$0.03/share against a net loss of US$0.31/share in HI 2014 (from continuing operations). Earnings in 2014 were impacted by a US$181 million loss from devaluation of the Tenge […]
UK Commercial Property Trust has reported a 5.2% total return on net assets for the first half of 2015 and a share price return of 5.4% as the shares moved from a 6.3% to a 6.7% premium. The return was behind their MSCI benchmark (MSCI Balanced Monthly & Quarterly Funds, formerly known as the IPD […]
Vietnam Holding has published results for the year ended 30 June 2015. It had a very good year with the NAV rising by 9.0% to $2.093 and a share price increase of 23.3% to $1.803. The Vietnam All Share Index increased by just 1.4%. as you can see from the numbers, the discount narrowed considerably over the […]
