THRL : Target Healthcare buys Hastings care home Target Healthcare REIT is paying £8m to acquire an 80 bed care home in Hastings, East Sussex. The deal is planned for November 204 when the project will be complete. Target Healthcare REIT is buying the property in a 35 year sale and leaseback deal from Hastings […]
BUR : Burford Capital pays first interim dividend Burford Capital is declaring its first interim dividend (1.74 cents, payable in December). The net asset value was more or less flat over the first half of 2014. The Board seem quite enthused with the fund’s progress however as pre-tax, pre-exceptional profit rose by 89% compared to […]
RSE : Riverstone Energy commits to Castex Gulf of Mexico fund Riverstone Energy is committing $67m towards a $200m investment in Castex Energy 2014 – a fund that will be managed by Castex Energy Inc, based in Louisiana. Castex Energy 2014 will provide finance to support Castex’s efforts “to test and develop Castex’s current and future […]
IVPU IVPG : Invesco Perpetual Select Trust cuts fees The Board of Invesco Perpetual UK Select Trust, chaired by Patrick Gifford (pictured), has announced amendments to its management agreement with Invesco. The annual management fees on the UK Equity and Global portfolios are falling from 0.75% to 0.65% per annum. Also the maximum performance fee payable in […]
SPDI : Secure Property Development adds to its Romanian exposure Secure Property Development & Investment has announced that it is buying a 12,700 sqm residential portfolio in Bucharest, Romania. The portfolio contains 122 apartments split across four separate complexes in Bucharest. 87 of the 122 apartments are let and these produce net operating income of […]
ESP : Empiric expands into Aberdeen Empiric Student Property is expanding its portfolio with the acquisition of a 56 bed student accommodation property in Aberdeen. They are paying Scape Homes £6.5m for Centro Court, a purpose built block on Loch Street which has 56 studio apartments, bike storage facilities, communal entertainment and laundry areas.
MKLW : Mucklow results benefit from demand for Midlands property Mucklow (A&J) Group’s results for the year that ended on 30 June 2014 show that its EPRA NAV rose from 305p to 358p over the year – an increase of 17.3%. the dividend was increased from 19.64p to 20.23p. Gearing fell from 41% to 30% […]
MCKS : McKay Securities buys offices in Theale Berkshire McKay Securities is spending £8.5m buying three offices outside Theale station (south of Reading, near junction 12 of the M4). The offices, known as Station Plaza, cover 41,846 sq ft and come with 170 car parking spaces. The price paid equates to an initial yield of […]
OCL : Oakley Capital set to benefit from Daisy bid Oakley Capital Investments saw its net asset value fall to £1.91 from £2 over the first six months of 2014. They attribute most of the decline to a fall in the value of Daisy Group – a listed investment held in Oakley’s Fund I – […]
SLS : Standard Life UK Smallers hit by rate rise fears Standard Life UK Smaller Companies has published results for the year ended 30 June 2014 that show it underperforming its benchmark by some margin. Over the year the net asset value total return was 7.7% vs. 20.3% for the Numis Smaller Companies ex Investment […]
HSL : 70% increase in dividend tops another good year for Henderson Smaller Henderson Smaller Companies Trust beat its benchmark, the Numis Smaller Companies Index excluding investment companies, over the year that finished on 31 May 2014 – generating a total return on net assets of 19.9% vs. 19.1% for the index. Shareholders have done […]
TCF : Terra Catalyst NAV dramatically higher and plans distribution Terra Catalyst published its results for the year ended 31 March 2014 on 26 August. These showed its net asset value rising from 76p to 208p over the year. The board also said it would distribute £2.3m to shareholders. A dramatic reassessment in the value […]
AVR : Avarae benefits from sale of Roman gold coins Avarae Global Coins’ results for the year ended 31 March 2014 show an increase in its asset value from 14.4p to 14.5p. The dividend fell from 0.18p to 0.15p. They sold £900,000 worth of Roman gold coins in the USA during the year – a […]
FCPT : F&C Commercial Property Trust reports strong growth in the first half of 2014 F&C Commercial Property Trust’s recent interims report an NAV total return of 12.2% whilst share price total return was 1.9% reflecting a narrowing of the premium to NAV during the period (4.1% as at the 30 June 2014). Performance compares favourably against […]
BBOX : Tritax Big Box REIT acquires Wolseley’s distribution centre in Ripon for £12.2m Tritax Big Box REIT has acquired Wolseley’s Regional Distribution Centre at Ripon, North Yorkshire for £12.24m (net of acquisition costs). The high specification property was constructed in 2001 and has ancillary offices and substantial parking over approximately 10.9 acres. The rentalised area is approximately 222k square […]
FPEO : F&C Private Equity sees discount narrow in first half F&C Private Equity‘s recent interims report a share price total return for the first of 2014 of 9.1% whilst NAV total return was -0.3% (including an adverse currency movement) reflecting a narrowing of the discount during the period. Co-investments were increased to 17.5 per cent […]
BHUE : BlackRock Hedge Selector – UK Emerging Companies Share Class, reports a 7.7% fall in NAV during the first half of 2014 BlackRock Hedge Selector‘s recent interims report a 7.7% fall in NAV for the UK Emerging share class during the first half of 2014, whilst the share price fell by 5.4%. The backdrop to […]
DNE : Dunedin Enterprise reports modest fall in NAV during the first half of 2014 Dunedin Enterprise Investment Trusts recent interims report a fall in NAV during the first half of 2014 of 4.6%. However, once dividends are included, DNE’s total return was -1.7% (this compares with a fall in the FTSE Small Cap index […]
INPP : International Public Partnerships Targeting a dividend of 6.45p for 2014 International Public Partnerships recent interims report underlying NAV growth of 1.8% during the six months to 30 June 2014, with a fully covered cash interim dividend declared at 3.15p per share (up c.2.5% year-on-year from 3.075p for the interim dividend for 2013). The target […]
BBOX : Tritax Big Box REIT reports 3.9% increase in NAV since December launch Tritax Big Box REIT has posted its first interim results since raising £200m at its IPO in December 2013. Since launch Tritax has seen its NAV per share increase from 98p to 101.85 as at 30 June, a 3.9% increase. In addition, […]
CREI : Custodian REIT acquires European HQ for Portola Packaging, Doncaster, for £4.6m Custodian REIT has announced that it has purchased an 80,000 square foot manufacturing facility (pictured) in White Rose Way, Doncaster for £4.6m. The property is currently let to Portola Packaging Limited, on a 20 year lease without break clauses, at a current rent of £355k per […]
JLIF : John Laing Infrastructure Fund returns 4.0% during the first half of 2014 John Laing Infrastructure Fund‘s recent interims report a modest increase in NAV of 0.3% (0.8% excluding unrealised exchange rate movements) during the first half of 2014 which, coupled with a dividend of 3.25p, is equivalent to a total return on the […]
BSRT : Baker Steel Resources Trust reports underperformance in the first half of 2014 Baker Steel Resources Trust‘s recent interims report a 14.5% fall in the trusts NAV (in sterling terms) during the first of 2014. This compares against a rise in the Euromoney Global Mining 100 Index of 1.2% (in sterling terms). The largest […]
HSTN : Hansteen Holdings sees strong growth in profitability during the first half of 2014 Hansteen Holdings recent interims report strong profit growth during the six months to 30 June 2014. Normalised income profit per share increased 31.0% to 3.8p (2.9p for the first half of 2013) whilst normalised total profit increased by 59.1% to £35.0 […]
CIFU : Carador Income Fund provides modest returns during H1 2014 Carador Income Fund provided a total return of 3.67% during the first half of 2014. This comprised a fall in NAV of 2.12% during the period (from US$0.9466 to US$0.9265 per share) combined with dividends of US$0.0540 per share. CIFU’s shares closed the first half of 2014 at […]
SIHL : Symphony International Holdings benefits from performance of Minor International and IHH Healthcare Symphony International Holding’s recent interims report an 11.7% rise in its NAV during the first half of 2014 (from US$1.1759 to US$1.3131). This is primarily due to strong price performance of its holdings in IHH Healthcare and Minor International. These added US$ 9.8m and US$ […]
BLND : British Land add Next and Marks & Spencer Simply Food as tenants at Wheatley Retail Park (pictured) British Land has announced that it has agreed terms with Next, and Marks & Spencer Simply Food, for two new units at the Wheatley Retail Park in Doncaster. Next, already a tenant at Wheatley, is taking a larger unit (23,518 […]
PHP : Primary Health Properties acquires health centres in Kidderminster, South Petherton and Crewkerne Primary Health Properties has announced the acquisition of three modern, purpose built, health centres for £14.3m. The properties are Hume Street Medical Centre in Kidderminster (Pictured – 2,387 square metres with GP practices and apharmacy as tenants), South Petherton Medical Centre (916 […]
MXF : MedicX Fund raises £50m through private loan note placement MedicX Fund has announced that it has raised £50m through the private placement of a loan note with a single institutional buyer. The loan notes mature in August 2019 and have an all-in interest rate fixed at 3.80%. The notes are secured against certain properties. £15 million of […]
VNH : Vietnam Holding posts strong performance on the back of rising equities market and buy backs Vietnam Holding‘s recent full year results (for the year ended 30 June 2014) report a 25% rise in NAV. Buybacks, during the period, had an accretive effect on NAV but, after adjusting for these, the company reports a rise […]
