LONDON, June 16, 2014 /PRNewswire/ --
Today, Earnings Review released its analysts' notes regarding Intu Properties (LON: INTU), Lancashire Holdings Limited (LON: LRE), Phoenix Group Holdings (LON: PHNX), Foreign & Colonial Investment Trust plc (LON: FRCL) and Cineworld Group plc (LON: CINE). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://earnings-review.com/3763-100free.
Intu Properties Analyst Notes
On June 5, 2014, Intu Properties (Intu) announced that the Company has entered into a joint venture agreement in respect of Intu Uxbridge. The Company stated that Kumpulan Wang Persaraan (Diperbadankan) ("KWAP"), the £19 billion Malaysian pension fund, has acquired an 80% interest in Intu Uxbridge for £175 million, representing a 2% premium to its December 31, 2013 valuation of £213.9 million (100% basis). Intu has retained a 20% interest and will continue to manage the centre on behalf of the joint venture. Intu stated that the move is in line with its strategy of recycling capital into its £1.2 billion development pipeline. The Company plans to repay existing bank debt and terminate associated swaps amounting to around £155 million in aggregate. The full analyst notes on Intu are available to download free of charge at:
Lancashire Holdings Limited Analyst Notes
On June 6, 2014, Lancashire Holdings Limited (Lancashire) announced the appointment of Peter Clarke as a Non-Executive Director, with effect from June 9, 2014. Commenting on the appointment, Martin Thomas, Lancashire's Chairman, said, "Peter further strengthens the Lancashire board with his broad portfolio of practical leadership skills and experience combined with his intellectual and strategic talents. The board has appointed Peter as a member of our Audit and Investment Committees." The full analyst notes on Lancashire are available to download free of charge at:
Phoenix Group Holdings Analyst Notes
On May 30, 2014, Phoenix Group Holdings (Phoenix) announced that the issued share capital of the Company comprised approximately 224.8 million ordinary shares of €0.0001 nominal value each. The Company didn't hold any shares in Treasury. Since each ordinary share represented one vote on a poll, the total number of voting rights in the Company was same as the number of ordinary shares at approximately 224.8 million. The full analyst notes on Phoenix are available to download free of charge at:
Foreign & Colonial Investment Trust plc Analyst Notes
Foreign & Colonial Investment Trust plc (the "Trust") posted on its official website the fund performance report as at April 30, 2014. The Trust said it delivered a negative NAV return of 0.78% and negative share price return of 1.34% in the month of April 2014, underperforming the benchmark FTSE All World TR Index which delivered a negative return of 0.29% during the same period. On YTD basis, the return on NAV and share price equaled negative 1.92% and negative 2.26%, respectively, compared to the benchmark index which generated positive return of 0.25%. Fund Manager Jeremy Tigue said, "So far this year markets have been more subdued than in 2013." Tigue further added: "Within our portfolio the main change in April was the increase in value of our private equity funds. We received the December 31, 2013 fund valuations and included them in our own NAV at the month end." The full analyst notes on Foreign & Colonial Investment Trust plc are available to download free of charge at:
Cineworld Group plc Analyst Notes
On June 11, 2014, Cineworld Group plc (Cineworld) stock declined 0.84%, closing the day at £341.60. During the session, the Company's shares opened at £350.00 and fluctuated in the range of £339.94 - £350.00. Over the past 12 months, the shares of Cineworld gained 8.86%, in line with the FTSE 100 index which gained 8.56% during the same period. The full analyst notes on Cineworld are available to download free of charge at:
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