LONDON, July 11, 2014 /PRNewswire/ --
Today, Earnings Review released its analysts' notes regarding Legal & General Group Plc (LON: LGEN), Fidelity China Special Situations PLC (LON: FCSS), Hansteen Holdings plc (LON: HSTN), Man Group PLC (LON: EMG) and John Laing Infrastructure Fund Limited (LON: JLIF). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://earnings-review.com/4696-100free.
Legal & General Group Plc Analyst Notes
On June 25, 2014, Legal & General Property (LGP), a part of Legal & General Group Plc (Legal & General), announced that its Industrial Property Investment Fund (IPIF) has completed purchases of over £80 million, bringing its assets under management above £1 billion. The Company stated that LGP is one of the most active investors in the UK industrial market, with IPIF being the largest industrial fund in IPD. Jonathan Holland, Fund Manager of IPIF, said: "With a fund strategy focused on investing in well located, good quality, multi-let assets primarily situated in greater London or the south east, as well as high yielding industrial properties with stable income returns, this latest flurry of acquisitions provides IPIF with a further base of previously under managed assets through which to drive growth. Taking an opportunity-led approach to investment, much of IPIF's success lies in its team of 40-strong team of professionals." The full analyst notes on Legal & General are available to download free of charge at:
Fidelity China Special Situations PLC Analyst Notes
On July 8, 2014, Fidelity China Special Situations PLC (Fidelity China Special Situations) reported that the unaudited net asset value (NAV) of the Company at the close of business on July 7, 2014 was 119.20 pence per share. The Company stated that the net asset value calculation was done on a "cum" income basis in accordance with applicable accounting standards and AIC recommendations. The full analyst notes on Fidelity China Special Situations are available to download free of charge at:
Hansteen Holdings plc Analyst Notes
On June 30, 2014, Hansteen Holdings plc (Hansteen) announced that following its acquisition from Unicredit Bank AG of 50% of a loan secured against a portfolio of primarily multi-let industrial property in the Netherlands, for a 51% discount to the value of the loan, it has now completed the acquisition of the property assets within the portfolio, for a total consideration of €106 million, which will be paid from the existing cash resources and a new €60 million five year loan from ING. The acquired property portfolio comprises of more than 370,000 sqm across 41 estates in the Netherlands, with the majority being in the core Randstad area. The gross annual rental income of the portfolio is c.€15.4 million, while the contracted rental income is more than €16.0 million. The current vacancy rate of the portfolio is around 20%, which provides a significant opportunity to the Company to add value. The full analyst notes on Hansteen are available to download free of charge at:
Man Group PLC Analyst Notes
On June 19, 2014, Man Group PLC (Man) announced that it has entered into a conditional agreement to acquire the Boston-based Numeric Holdings LLC (Numeric), a privately-owned, quantitative equity manager with $14.7 billion of funds under management as at May 31, 2014. Under the terms of the agreement, Man will pay $219 million in cash at completion, with a further payment of up to $275 million, depending on the run rate profitability of the business after five years from the completion of transaction, to a group of the Numeric management team and employees. Commenting on the acquisition, Manny Roman, CEO of Man, said, "The transaction provides us with the opportunity to advance two of our core strategic objectives: first, to build a diversified quantitative fund management business with significant assets in fundamentally based quantitative strategies and second, to develop further our presence in the US market." The full analyst notes on Man are available to download free of charge at:
John Laing Infrastructure Fund Limited Analyst Notes
On July 8, 2014, the stock of John Laing Infrastructure Fund Limited (John Laing Infrastructure Fund) gained 0.35% to close trading at 115.60 pence. The Company's stock opened at 115.30 pence, and fluctuated within the range of 115.20 pence - 115.80 pence during the trading session. The Company's stock marginally increased by 0.09% over the past one month of trading while the FTSE 100 declined by 1.75% during the same time period. The full analyst notes on John Laing Infrastructure Fund are available to download free of charge at:
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