No intention to make an offer for Alliance Trust plc On 31 May 2016, RIT Capital Partners announced that the possibility of combining the Company with Alliance Trust for the benefit of both sets of shareholders was at a preliminary stage of consideration. Following careful analysis and constructive discussions with representatives of Alliance Trust, RIT Capital […]
Custodian REIT’s results for the year ended 31 March 2016 show that its NAV per share rose by 0.2% to 101.5p resulting in an NAV total return of 6.2%. The share price total return was 3.5%. Dividends rose by 19% to 6.25p. Profit after tax rose by 28.7% and EPRA EPS was up 21.4% on the prior year to 6.8p. On the back […]
Montanaro European Smaller Companies has announced its annual results for the year ended 31 March 2016. During the period the trust’s NAV grew by 11.1% thereby outperforming its benchmark, the MSCI Europe Small Cap (ex UK) Index, which increased by 7.6%. During the same, the trust’s share price increased by 4.9%, which reflects a widening […]
Electra Partners has announced that it has agreed the sale of Elian to Intertrust for £435m. Electra Partners say that the transaction is subject to regulatory and Intertrust Group N.V. shareholder approvals. Following completion of the transaction, which Electra Partners say is expected during the third or final quarter of 2016, Electra Private Equity is […]
Ranger Direct Lending Fund has announced that, following consultation with potential investors, it intends to raise up to £30m through a placing of zero dividend preference shares (ZDP Shares). The Company currently expects the ZDP Shares to be issued with a 5 year term and a gross redemption yield of 5% per annum. The company […]
VinaLand Limited has published a copy of a VNL update presentation dated 3 June 2016 that will form the basis of discussions with shareholders at the forthcoming meetings scheduled in Europe commencing this week and in Asia thereafter. The shareholder discussions have been organised to discuss possible future strategic options for the Company which could […]
Over the year to the end of March 2016, Value and Income Trust generated a Net Asset Value total return (with debt at par) of 0.2%. this compares to a FTSE All-Share Index total return of -3.9%. However the Share price total return was -9.6%. The Board is recommending a substantial increase in the final dividend, […]
Alpha Pyrenees has provided an update on its situation as at the end of March 2016. The fund’s NAV has fallen again. KEY POINTS MATURITY OF BORROWINGS EXTENDED TO 31 OCTOBER 2016 TRUST HAS THE SUPPORT OF ITS LENDER FOR AN ORDERLY REALISATION OF ITS REMAINING PROPERTY ASSETS SALES PROCESS WILL NOT RESULT IN ANY […]
VinaLand Limited and Vinacapital Vietnam Opportunity have announced that they are divesting their stakes in Project Pham Hung. The project, acquired by VNL and VOF in 2007, is a 2.4 hectare parcel of land located in Hanoi and has planning approval for a future mixed use development. VNL will dispose of its entire stake at a total valuation 0.2% […]
Personal Assets has announced results for the year ended 30 April 2016. Over the year to 30 April 2016 Personal Assets ‘s net asset value per share rose by 5.0%. This compares to a fall of 9.0% in the FTSE All-Share Index. Personal Assets ‘s share price rose by GBP21.80 or 6.2% during the year and at 30 […]
Globalworth has just published results for the year ended 31 December 2015 so these figures are somewhat out of date now. Its EPRA NAV rose by 12.2% over the year, mainly on the back of new acquisitions and the revaluation of development projects. The appraised value for the remainder of the portfolio was, on a like-for-like basis, marginally […]
Kefi Minerals has reduced the estimated funding required to build a mine at its 100%-owned Tulu Kapi gold project, in Ethiopia, from US$145.0 million in the 2015 definitive feasibility study to US$131.7 million, principally through a change in the life-of-mine plan. With an open pit processing ore by conventional CIL at a revised rate of […]
Fidelity China Special Situations has published results for the year ended 31 March 2016. For the year under review, the company’s NAV total return increased by 0.02% while the share price total return fell by 4.53%. The Benchmark Index, MSCI China, fell by 16.17%. The Board recommends a dividend of 1.80 pence (2015: 1.30 pence) per share for the year […]
Schroder European Real Estate has confirmed completion of the purchase of a convenience retail property located in Rodelheim (Frankfurt) at a purchase price of EUR11.05 million reflecting a net initial yield of 5.6%. The investment is well located in a growing inner urban area of Frankfurt am Main and is anchored by a 1,600 sqm Lidl supermarket […]
The Board of Industrial Multi Property Trust notes a press comment today and announces that it has received an unsolicited proposal from a third party to acquire the entire property portfolio of the Company by way of a sale and purchase agreement. The Board considers that the Proposal undervalued the Company’s assets significantly and therefore has […]
Dunedin Enterprise Investment Trust has, through the Dunedin Buyout Fund III, invested GBP4.2 million in Kingsbridge Risk Solutions. Dunedin Enterprise will have an interest of 13.0% in Kingsbridge. Founded by the current CEO Steve Wynne in 2001, Kingsbridge is the UK’s market-leading provider of insurance services that are tailored to meet the needs of contractors, freelancers […]
Over the year to 31 March 2016, LondonMetric Property’s EPRA NAV increased from 140.6 to 1467.7. EPRA earnings increased from £40.9m to £48.5m which equates to an earnings per share increase from 6.6p to 7.8p. The dividend has been increased to 7.25p from 7.0p. They are implementing a policy of paying quarterly dividends the first […]
Capital Gearing Trust says, as at 5 April 2016, the net asset value per share was 3,382p compared to 3,297p a year earlier. Although an increase across the year of 2.6% might be seen as modest, this achievement is more creditable when measured against, for example, the decline in the FTSE All-Share Index of 9.3% […]
Aberdeen Japan has announced results for the year ended 31 March 2016, over the year, the net asset value returned -6.2%, compared to the benchmark Topix return of -1.7%, in sterling terms. They say this 4.5% NAV underperformance is largely due to a loss on the currency hedge almost all of which came in the first quarter […]
Schroder UK Mid Cap has published results for the six months ended 31 March 2016. The company’s net asset value produced a total return of 3.0%, compared to a total return of 2.2% for the company’s benchmark, the FTSE 250 (ex Investment Companies) Index. However the performance of the company’s share price disappointed during the period, […]
John Laing Infrastructure has announced that, following the satisfaction of certain conditions agreed between the parties, it has completed the acquisition of a 95% interest in the Oldham Social Housing PPP project. The project, located in the UK, has been fully operational since January 2015 and benefits from an availability-based payment mechanism. The acquisition was […]
Alliance Trust has made an announcement in response to the press speculation over the weekend. They say, as communicated to shareholders in October of last year and more recently at the time of the publication of the annual results in March this year, a number of significant changes to Alliance Trust have been implemented in […]
The Board of AEW UK REIT has announced the acquisition of two mixed use assets in Nottingham and Blackpool for a total of GBP13.2m, net of acquisition costs. With these two acquisitions the Company has now fully invested its equity capital and is geared to 20% of Gross Asset Value, in line with its investment […]
Scottish Investment Trust has announced results for the six months ended 30 April 2016. Over that period the net asset value per share total return was 4.0% (with borrowings at market value). The share price total return was 4.4%. The company does not have a formal benchmark but, by way of reference, over the review period the […]
The Board of Empiric Student Property has announced that the Group has acquired the freeholds of three operational, direct-let, premium student accommodation properties in Leicester, comprising a total of 106 beds, for a consideration of GBP8.8 million (excluding acquisition costs). Bede Park (completed in 2012) is a conversion of a 1900s two storey industrial unit, with […]
Harbourvest Global Private Equity has announced results for the year ended 31 January 2016. After reaching an all-time high in May 2015, the total return of the MSCI All Country World Index was negative at -6.3% for the twelve months. In contrast the net asset value per HVPE share increased by 5.6% (in US dollar terms). […]
At an EGM on 21 June, Altin’s shareholders will be asked to approve a reduction of ALTIN AG’s share capital from CHF 58’645’002 (divided into 3’449’706 registered shares with a nominal value of CHF 17 each) by CHF 58’541’510.82 to CHF 103’491.18 through the reduction of the nominal value per share, CHF 17, by CHF 16.97 […]
Ottoman Fund has made the following statement today: “The Company announces that trading in the Company’s ordinary shares on AIM will be suspended with immediate effect pending publication of the Company’s half-yearly report for the six months ended 29 February 2016. The board remains in negotiations seeking to recover shareholder funds that have been embezzled […]
