JZ Capital Partners says it has committed €75m to JZI Fund III, the successor fund to its EuroMicrocap 2010 fund. In total the new fund raised €237m, €25m of which came from David Zalaznick and Jay Jordan, along with the European management team. JZI Fund III will invest principally in lower middle market companies in Western Europe, focusing on […]
International Public Partnerships (INPP) says a consortium that it is a member of has won the right to design, build, finance and maintain 15 schools across 12 sites in Victoria, Australia. The Learning Communities Victoria Consortium is sponsored by Amber Infrastructure and other consortium members include: Watpac Construction: Design-Builder; Spotless: Facilities Manager. Spotless also provides facilities management services […]
Wolf Minerals has produced the first tungsten concentrates at its new Drakelands open pit mine at the Hemerdon project, in Devon. The concentrates will be sent to Global Tungsten and Powders, in the USA, and Wolfram Bergbau und Hütten, in Austria in terms of Wolf’s offtake agreement. Although this is a major milestone in […]
Standard Life UK Smaller Companies Trust, managed by Harry Nimmo (pictured), has announced its results for the year ended 30 June 2015 during which, the Company’s diluted net asset value total return was 14.2%, beating a total return of 10.4% for the Company’s benchmark. The manager describes the year as being characterised by steady if […]
Sequoia Economic Infrastructure Income Fund has confirmed its intention to raise up to £200m in new capital through a c-share issue. The issue is expected to complete in or around late October 2015 and further details of the transaction, including the availability of a pre-emptive offer in respect of a significant part of the fund […]
Picton Property Income has announced the acquisition of 180 West George Street, a multi-let office investment in Glasgow (pictured), for £14.25m. The acquisition reflects a net initial yield of 7.8%. The property, which was constructed in 2000, provides 52,100 sq ft of office accommodation over basement, ground and six upper floors and is located in the heart […]
Electra Private Equity has announced the proposed merger, subject to regulatory approval, of its Park Resorts Group (Park Resorts, South Lakeland Parks and Southview and Manor Park) with Parkdean Holidays creating a nationwide operator with 73 sites. The transaction gives the enlarged company an enterprise value of £960m and combined EBITDA in excess of £100m. […]
During the first half of 2015 DW Catalyst Fund’s NAV increased by 1.2% and 1.1% in the GBP and USD share classes, respectively. Over the same period the share prices of the GBP and USD share classes declined 2.2% and 2.4%, respectively. They say the largest positive contributors for the first half of the year were within Commercial […]
During the six month period ended 30 June 2015 Carador Income Fund generated a total net asset value return of 4.58% including distributions. The Company started the year with a NAV per US Dollar share of US$0.8993 and ended the first half at US$0.8891, a -1.13% decline in the NAV per share, although the Company also […]
Over the first half of 2015 Acorn Income Fund generated a return on its gross assets of 11.9% – marginally ahead of the 11.8% return posted by the Numis Smaller Companies Index (ex investment companies). Thanks to the gearing effect of the zeros, the total NAV return on the ordinary shares was 16.3%. The return […]
Standard Life Investments Property Income Trust reports that its NAV return for the first six months of 2015 was 6.6% and its share price rose by 7% to give a return to shareholders of 10.0%. On an EPRA basis the NAV rise was 3.4%. The total return on the portfolio was 5.8%. This figure was behind the […]
Over H1 2015 BBGI delivered an increase in NAV to 110.4p from 109.2p an increase of 1.07%. The Board has increased its 2015 dividend target from 5.76p to 6.00p which represents an increase of 4.2%. The 2015 interim dividend is 3p. At 30 June 2015 the Group had a total cash balance of £51m and total borrowings of £45m. Within the portfolio they […]
A quick summary of interim results for periods ended 30 June 2015 announced on 28 August 2015 Aberdeen Smaller Companies High Income NAV total return 15.8%, share price total return 21.8%. Well ahead of FTSE Small Cap Index ex Investment Companies return of 11.9%. Outperformance helped by bids for Domino Printing and Anite Candover NAV […]
F&C Private Equity’s NAV total return for the six months ended 30 June 2015 was 2.7% and its share price total return was 1.6%. The interim dividend is 5.58p per Ordinary Share. Currency took 2.3% off the NAV. The largest realisation, of £8.6m, was the sale of the co-investment in SMD Hydrovision, to Chinese buyer ZhouZou CSR. […]
John Laing Infrastructure has reported a 1.4% fall in its NAV for the first half of 2015 to 107.8p which is almost entirely down to adverse exchange rate movements although they also mention below forecast inflation in the UK cost them about 0.4%. They paid a dividend of 3.375p (up 3.8% on the previous dividend) and the NAV […]
The Renewables Infrastructure Group delivered a 10.9% return to shareholders over the first half of 2015, including a dividend of 3.08p which they say was well covered by cash earnings. This results in a dividend target of 6.19p in aggregate per share in respect of the year to 31 December 2015. Looking further ahead, the […]
At an EGM on 27 August shareholders approved Harbourvest Global Private Equity’s move to the main market of the LSE. Oddly, the fairly standard proposal that the company be allowed to issue new shares, although worded in an unusual way, was rejected by shareholders and the Board say they are going to tlk to dissenting […]
A quick summary of interim results for periods ended 30 June 2015 announced on 27 August 2015 Ashmore Global Opportunities The Company’s Net Asset Values (“NAVs”) per share have fallen slightly from $5.28 and 521p at the end of 2014 to $5.20 and 511p as at 30 June 2015. The US$ and GBP share prices […]
Nord Gold increased its net profit in H1 2015 to US$134.7 million, up by 83% from H1 2014. EPS were US$0.33 against US$0.17 in the previous half year. EBITDA for H1 2015 was US$332.1 million, up 36%. The main reasons for the improved performance were an increase in gold production coupled with a dramatic reduction […]
VPC Speciality Lending has published its first set of figures covering the period from launch to 30 June 2015. The net asset value at the end of the period was 99.62p and the share price was 102p. The first interim dividend of 0.9p was declared in August. The proceeds of the IPO had been fully […]
Pan African Resources has cautioned that one of the business partners of its Phoenix Platinum Mining subsidiary has entered into ‘Business Rescue’ in South Africa. Business Rescue is a statutory means of enabling a financially distressed company to continue business, under the supervision of a Business Rescue Practitioner, protected from its creditors. The company in […]
Symphony International says its NAV fell 5.9% to $1.2685 from $1.3473 over the first half of 2015. Symphony’s share price was $0.75 at the period end. The discount to NAV that Symphony’s share price traded on 30 June 2015 was 40.9%. They say the change in NAV was predominantly due to a weakening of the share prices […]
NB Distressed Debt said a difficult market environment led to falls in NAVs across its portfolios. It exited five investments during the first six months of 2015 which generated total returns of $9.3 million over the life of the investments. Over the first half of 2015, NB Distressed Debt distributed a further $30m to investors in the […]
Dexion Absolute has decided to shut its US dollar and Euro share classes on the grounds that they have become too small – shareholders will get the chance to switch into the sterling class. In its interim report (covering the first half of 2015), Dexion said the NAV returns on its Sterling, Euro and Dollar classes […]
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 […]
A quick summary of interim results for periods ended 30 June 2015 announced on 26 August 2015 APAX Global Alpha reported its first set of results since listing. Its NAV was up 8% over H1 2015 t0 €1.79. BH Global said at the six month stage on 30 June 2015 the Net Asset Value per […]
