Overview
Terra Capital seeks to achieve capital appreciation while attempting to reduce risk primarily by applying a disciplined and diversified value investing philosophy. It used to be called Speymill Macau Property Company. The fund is managed by Terra Partners Asset Management Limited, a company owned by Howard Golden, Fillip Montfort and Yarden Mariuma who served as three of the four directors during the sale of the property portfolio of the Company when it was known as Speymill Macau.
The plan is for the company to invest using one or more of corporate activism, investing in a diversified portfolio of value stocks, investing in emerging and frontier markets, providing cash flow to investors, geographical diversification, diversification and asset allocation, derivatives and short-selling, borrowings and currency hedging.
Research History
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13 Nov 2018 1 min read
QuotedData’s investment companies roundup – November 2018
QuotedData’s investment companies roundup – November 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2018. Kindly sponsored by Baillie Gifford. Winners and losers in October In what was generally a miserable month for equity markets, Brazil shone […]
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16 Oct 2018 2 min read
Quarterly Investment Companies Roundup – Third Quarter 2018
Quarterly Investment Companies Roundup – Third Quarter 2018 Global equities delivered positive returns over the third quarter of 2018. This was principally because of strength in the US market. Political uncertainty and concerns about global trade held back other regions. Generally, government bond yields rose over the quarter. The UK equity market fell as the Bank of […]
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15 Aug 2018 2 min read
QuotedData’s investment companies roundup – August 2018
QuotedData’s investment companies roundup – August 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of July 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in July Tritax EuroBox raised its maximum target of £300 million in an […]
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13 Mar 2018 2 min read
QuotedData’s investment companies roundup – March 2018
QuotedData investment companies roundup – March 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2018. Kindly sponsored by Baillie Gifford. Equity markets continued to run up in early February, supported by strong corporate earnings […]
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07 Feb 2018 2 min read
QuotedData investment companies roundup – February 2018
QuotedData investment companies roundup – February 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of January 2018. Kindly sponsored by Baillie Gifford. The oil price was up again over the month and this helped propel […]
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10 Nov 2017 2 min read
QuotedData investment companies roundup – November 2017
QuotedData investment companies roundup – November 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2017. Kindly sponsored by Baillie Gifford. November Investment Companies Roundup Globalworth Real Estate’s discount was eliminated after it announced […]
News
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27 Oct 2016 1 min read
Terra Capital wins Macau tax battle
Terra Capital has won its battle with the Macau tax authorities. Following the sale of the AIA tower, the Fund sought to be allowed to deduct the accumulated, but not applied, depreciation from the selling price, thereby reducing the taxes due by about $1.9 million USD. Terra Capital won the initial court case but the Macau […]
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17 Jun 2016 1 min read
Terra Capital did well in 2015
Terra Capital has, belatedly, published results for the year ended 31 December 2015. Its year end net asset value per share stood at $0.925 against $0.979 for 2014. This represents a decrease for the year of 5.5% and a net decrease of 1.7% for the year allowing for the dividend of 3.72 cents per share paid […]
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18 Aug 2015 1 min read
Terra Capital NAV falls in H1
Terra Capital reports that its Net Asset Value at 30 June 2015 stood at $0.967 against $0.979 at the end of 2014. When taking in to account the dividend of 3.72 cents per share paid in February, this NAV represents a total return for the six month period of 2.6% and a dividend yield based on […]
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20 May 2015 1 min read
Terra Capital lags MSCI Frontiers Index over 2014
Terra Capital’s results for the year ended 31 December 2014 have just been published. At that date the net asset value per share stood at $0.979 against $0.956 for 2013. This represents an increase of 2.4% for the year and a total return of 5.9% for the year including the dividend of 3.35 cents per […]
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10 Nov 2014 3 min read
Terra Capital changes to management arrangements
TCA : Terra Capital changes to management arrangements The management fee payable to the Investment Manager shall be reduced with effect from 1 January 2015 from 2 per cent. per annum of the net asset value of the Company to 1.25 per cent of the net asset value of the Company and the level of […]
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22 Jul 2014 1 min read
Terra Capital : TCA – interims
Terra Capital has published interim figures covering the first half of 2014. Over that period the net asset value rose to $1.01 from $0.96 and the company also paid out a dividend – the total return on the net asset value was 8.6%. The Chairman says the fund is now 73% invested. New investments made […]
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04 Jun 2014 1 min read
Terra Capital : TCA – annual results
Terra Capital has published its results for the year ended 31 December 2013. While somewhat out of date now, the figures show a 10% increase in Terra Capital’s net asset value to 96 cents per share. The Chairman draws attention to the fact that this was achieved despite not being fully invested throughout 2013 – he […]
