VNL has raised £15m by issuing zero dividend preference shares with a life of three years and repayable at 126p, equivalent to a gross redemption yield of 8%.
Results for the six months ended 31 October 2013 show the fund underperforming its benchmark, the MSCI All Countries Asia Pacific ex Japan Index. Over the period ABD’s NAV fell by 4.4%, its share price by 7.9% and the index by 1.8%. The manager attributes this, in part, to ABD’s asset allocation (which is driven by […]
Redefine has sold two sites in Harrow for £13.77m (12.4% more than their valuation at the end of August 2013). The sites have been acquired by Redrow Homes.
LMP has sold Unilever House in Leatherhead for £75.8m (equivalent to a yield of 5.9%). LMP had bought the property in June 2012 for £61.15m.
Sirius has announced that it has signed a €32.5m banking facility with Macquarie, €22m of which has been used to repay loans to RBS – Sirius has repaid its RBS facility in full. The balance of the Macquarie money has been used to part repay money owed to Berlin Hyp AG and Sirius says it […]
St. Peter Port is a fund of pre IPO investments (companies that are planning to list or have another exit opportunity for their shareholders in the offing). In its interim results for the six months ended 30 September 2013, SPPC announced that its net asset value fell by 10.4%. They attributed this, largely, to the strengthening of […]
Over the six months to end October 2013 MIGT delivered an NAV return of 6.8% – well ahead of its objective which is to beat 3 month LIBOR +3% with low volatility (MIGT’s annualised volatility was 8.3% over the period vs. 12.8% for the FTSE All-Share Index). MIGT’s Chairman has said that he believes the […]
Results for the six months ended 31 October 2013 show an NAV return of 10.5% vs. a benchmark return of 10.8%. The share price return was 9.4%. The Board has increased the interim dividend by 25% to 2.5p per share.
GCP released results for the year ended 30 September 2013. It generated a return to shareholders of 9.8% – 7.6% of which came in the form of dividends – the NAV at the end of September was 104.3p. GCP will move to making quarterly dividend payments. the proceeds of the last issue are substantially invested […]
Over the year to the end of October 2013 DNDL managed to deliver a 38.1% total return on net assets which, after some discount widening, translated into a 33.8% for shareholders. this compares to a 47.8% return on the FTSE Small cap. ex investment companies index. Underperformance is attributed by the Board and the manager […]
