LONDON, June 16, 2014 /PRNewswire/ --
Today, Earnings Review released its analysts' notes regarding TR Property Investment Trust (LON: TRY), Monks Investment Trust plc (LON: MNKS), Perpetual Income & Growth Investment Trust (LON: PLI), Thomas Cook Group Plc (LON: TCG) and Bae Systems (LON: BA.). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://earnings-review.com/3762-100free.
TR Property Investment Trust Analyst Notes
On June 4, 2014, TR Property Investment Trust (TR Property) announced the sale of its Park Place, London SW8 property for £14.47 million in a deal that will see the Trust make a 70% return on the asset. TR Property had purchased Park Place for £8.25m in 2011 as commercial space and received permission to be converted to residential in October 2013. The Trust informed that it has also been granted planning permission to extend and redevelop its largest asset, The Colonnades, London W2, which will result in an additional 16,000 square feet of new retail space and a remodelled 40,000 square feet supermarket. Marcus Phayre-Mudge, Fund Manager of TR Property, commented, "Our London focused property portfolio delivered a total return of 37.5 per cent in the year. A successful marketing campaign has resulted in a final sale price four per cent ahead of the independent March 2014 valuation." The full analyst notes on TR Property are available to download free of charge at:
Monks Investment Trust plc Analyst Notes
On June 11, 2014, Monks Investment Trust plc (the "Trust") released its financial results for FY 2014 (period ended April 30, 2014). The Trust, which is managed by Baillie Gifford & Co, said it delivered net asset value total return of 5.2% and share price total return of 5.4% in the fiscal year, underperforming the FTSE World Index which returned 6.8% during the same period. The Trust stated that performance of the net asset value per share deteriorated mainly during the last two months of its fiscal year as growth stocks suffered a setback. According to the Portfolio Manager, holdings such as Alnylam Pharmaceuticals, Sky Deutschland and Xero fell the most during the months of March and April 2014. Meanwhile, the Trust declared a final dividend of 3.45 pence, which together with the interim (0.50 pence) already paid, would make total dividend of 3.95 pence. The full analyst notes on Monks Investment Trust plc are available to download free of charge at:
Perpetual Income & Growth Investment Trust Analyst Notes
On June 4, 2014, Perpetual Income & Growth Investment Trust (the "Trust") released its annual financial report for FY 2014 (period ended March 31, 2014). The Trust informed that, on a total return basis, its net asset value increased by 18.8% in FY 2014, outperforming the benchmark FTSE All-Share Index which increased 8.8% during the same period. Portfolio manager Mark Barnett said portfolio's holding in Thomas Cook continued to deliver impressive outperformance. Barnett said the portfolio also benefited from strong performance by its holdings in the pharmaceutical sector, notably AstraZeneca. During the year, the Trust made new investments in Betfair, BP, Bunzl, CLS, Derwent London, Horizon Discovery, NewRiver Retail, Nimrod Sea Assets, Macau Property and Shaftesbury, while the holding in Carnival was disposed of. The Trust announced fourth interim dividend of 3.7 pence, which gives aggregate interim dividends for the year of 11.8 pence, representing an increase of 5.4% YoY. The full analyst notes on Perpetual Income & Growth Investment Trust are available to download free of charge at:
Thomas Cook Group Plc Analyst Notes
On May 29, 2014, Thomas Cook Group Plc (Thomas Cook) announced that the Company's Group CEO Harriet Green, who was recently awarded the prestigious Veuve Clicquot Business Woman of the Year Award, is leading a team of 8 riders who will be competing at 2014 Ride London event on behalf of the Thomas Cook Children's Charity. The Company stated that Harriet's team intends to raise over £100k at the event in August which will be split between the two charities. The Company informed that the Thomas Cook Children's Charity has raised over £5 million in the last 5 years through generous customer donations, payroll giving and fundraising initiatives by its employees. The full analyst notes on Thomas Cook are available to download free of charge at:
Bae Systems Analyst Notes
On June 11, 2014, Bae Systems announced that it has become an associate member of the British Bankers' Association (BBA), as part of a broader working partnership in which the two organizations will work together to counter the growing threat to the UK banking and financial services industry from cyber-enabled financial crime. Martin Sutherland, Managing Director, BAE Systems Applied Intelligence, commented, "We are very pleased to be joining the BBA and have no doubt that we can form a highly effective and important partnership that will help banks across the UK to better understand the threat they face and how to address this challenge in order to protect themselves and their customers as effectively as possible." The full analyst notes on Bae Systems are available to download free of charge at:
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