LMP : LMP announces interims and a couple of deals LondonMetric Property has published its interim results for the period that ended on 30 September 2014 and has also announced a couple of property transactions Over the period the fund’s EPRA net asset value rose by 6.4% to 128.8p on a 5.7% uplift in the […]

TIGT : Defensive stocks help Troy Income & Growth outperform Over the year that ended on 30 September 2014 Troy Income & Growth generated a total return on net assets of 10.1%, well ahead of the 6.1% returned by the FTSE All-Share Index. The fund’s rating barely changed on the year and so the return […]

BHUE : BlackRock Hedge Selector to wind up BlackRock Hedge Selector has announced that proposals it had received from a third party to takeover the fund have now fallen away and therefore the Board are resolved to ask shareholders to put the fund into liquidation. The EGM needed to approve the liquidation is expected to […]

WTR : Mixed results for World Trust Fund World Trust Fund reports that over the six months ended 30 September 2014  its fully diluted net asset value in US dollar terms fell 0.2%, lagging the MSCI All Country World Index which rose 2.6%, though ahead of the MSCI All Country World ex-US Index which fell 0.5%. […]

MTU : Dispappointing period for Montanaro UK Smallers Montanaro UK Smaller Companies results for the six months ended 30 September 2014 show the fund’s net asset lagging its benchmark, the Numis Smaller Companies Index ex Investment Companies, by 3% in capital terms over the period. the net asset value fell by 11.2% vs. -8.2% for the […]

CEB : CEB Resources benefits from Mariola sale The net asset value of CEB Resources rose from 0.329 cents per share to 0.454 cents per share over the six months that ended on 31 October 2014, an increase of 38.3%. The main driver for this was the realisation of an $851,000 profit on its holding in Carbon Investment […]

CLDN : Caledonia sitting on sizeable war chest Caledonia’s net asset value rose by 4.6% in total return terms over the half year to the end of September 2014. The interim dividend was increased from 13.4p to 13.8p. Caledonia, which organises its portfolio into a number of discrete pools, says that the growth came from the […]

JESC : JPMorgan European Smaller Companies caught out by two IPOs JPMorgan European Smaller Companies results for the half year to the end of September 2014 have been published. The net asset value total return was a negative 16.6% – some 7.1% less than the return on the fund’s benchmark, the Euromoney Smaller European Companies […]

KIT : Pharma exposure helps Keystone post market-beating figures Keystone has published its annual results. these cover the year that ended on 30 September 2014. Over that period the fund’s net asset value total return was 12.5%. The share price though returned just 7.4% as the discount widened from 0.8% to 5.4%. Both measures outperformed […]

CREI : Custodian REIT on track to deploy cash pile Custodian REIT has published its first set of figures, covering the period from 25 March 2014 to 30 September 2014. The net asset value total return was 2.75 over that period and the return to shareholders was 7.3%. They have paid two dividends of 1.25p, […]

PEQ : Private Equity Investor flat despite Twitter Private Equity Investor’s net asset value barely moved over the six month period that ended on 30 September 2014 – falling by 0.6% to 227.1p from 228.4p. In US dollar terms the fall was slightly more pronounced, -3.3%. By contrast however the fund’s share price rose by […]

BACT : BACIT cautious on markets Over the period from 1 April 2014 to 30 September 2014 BACIT generated a total return of just 0.6% on net assets – the net asset value fell from 114.1p to 112.8p but this was after the payment of a 2p dividend. The FTSE All-Share Index return was 1.2% […]

BEE : Tough year for Baring Emerging Europe Over the year to the end of September 2014 Baring Emerging Europe’s net asset value fell from 846.2p to 695.9p – on a total return basis a fall of 15.9%. This was 2.6% worse than their benchmark (the MSCI Emerging Markets Europe 10/40 Index) which fell by 13.3%. The […]

DLN : Derwent London buys Angel Square in EC1 Derwent London, which owns a number of properties close to Angel and Old Street tube stations, has acquired the freehold of Angel Square, London EC1 for £75m. The property sits on the corner of Islington Street and City Road, directly above Angel tube station. It consists […]

LMP : LondonMetric sells Bishop Auckland Retail Park LondonMetric Property is selling Bishop Auckland Retail Park to Standard Life Investments for £23.6m The price works out at an initial yield of 5.27%. LMP bought the land for £2.3m and then spent £15.8m over the course of 2012 and 2013 developing the site and so the […]

APEF : Aberdeen Private Equity benefits from internet exposure Aberdeen Private Equity Fund’s net asset value rose by 4.6p or 4.2% over the six months that ended 30 September 2014. Taken with the interim dividend of 2p, the total return on net assets was 6.1%. The strengthening US dollar contributed about 0.7p to this. A couple […]

TFIF : TwentyFour Income increases CLO exposure as spreads widen Over the six months to the end of September 2014 TwentyFour Income Fund generated a total return of 6.5% on its net assets. It is paying quarterly dividends of 1.5p, in-line with forecast of 6p dividends for the year as a whole. They say the […]

LTI : Lindsell Train insures their key men Over the six months to the end of September 2014 the total return on Lindsell Train’s net asset value was 8.7% – a lot better than its benchmark (the index of the annual average yield on the UK 2.5% Consolidated Loan Stock) which returned 2.1% and better […]

PNL : No change at Personal Assets Personal Asset’s net asset value rose by 1.6% over the six months that ended on 31 October 2014 while the FTSE All-Share Index fell by 3.2% over the same period. The shares moved from trading at a small discount to a small premium and the share price rose […]

HVTR : Henderson Value Trust continuation vote looms At this year’s AGM shareholders of Henderson Value Trust will be asked to approve the continuation of the company in its current form. The company’s year end results make disappointing reading for shareholders but the Board is adamant that things are on an improving trend and the […]

HAN / HANA : Hansa Trust says portfolio changes almost complete Hansa Trust has published figures for the half year to end September 2014 that show its net asset value total return was 1.0% – marginally behind the 1.6% return on its benchmark. Breaking down that total return figure, the capital value of the fund […]

BSIF : Bluefield Solar expanding plant in Norfolk Bluefield Solar is paying for an extension of its existing project at Hardingham in Norfolk. The existing plant has a 14.8MW peak capacity, this extension will expand that by 5.2MW. The new asset will attract a 1.4 ROC subsidy they think. The cost of the project is […]

GCP : GCP raises cash and invests in Biomass plant GCP Infrastructure has simultaneously announced that it has raised £70m from investors and that it is investing £20m into GCP Biomass 4 Limited. They have placed 63.6m shares at 111.75p, raising gross proceeds of £70m. The announcement says the placing was “significantly oversubscribed”. GCP Biomass […]

PLI :  Perpetual Income & Growth beats benchmark Over the six months to the end of September Perpetual Income & Growth generated a 2.2% return on net assets. There was a small widening of the discount so the share price return was 1.6%. By contrast the return on the company’s benchmark was 1.2%. The dividend was […]

TEM : Good stock selection helps Templeton outperform Templeton Emerging Markets interim figures for the six months ended 30 September came in ahead of its benchmark. The fund delivered a net asset value total return of 8.2% while the MSCI Emerging markets Index returned 6.1%. Shareholders did even better as the discount narrowed so that the share […]

LAND : Land Securities buys out partner in Thomas More Square Land Securities is paying £85.3m to buy out its 50% joint venture partner in the Thomas More Square estate of offices and retail space in east London. The estate, which sits by the river between St. Katherine’s Dock and London Dock, covers 4.2 acres and currently […]

ESP : Empiric raises £65m and invests in Huddersfield Empiric Student Property has just raised £66m from investors through a placing and offer for subscription of shares and has already spent some of this on a new student accommodation block in Huddersfield. 65m shares were placed with institutional investors or sold through an offer for […]

NRR : Good progress at New River Retail New River Retail’s EPRA net asset value rose by 14% over the six months to the end of September 2014. Earnings per share rose from 6.5p to 6.8p and they upped the dividend to 8.5p from 6p (they have also started paying quarterly dividends). Occupancy across the […]