17th Jan 2025 13:23
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Bankers Investment Trust PLC- London-based investor focused on FTSE 100 constituents - Reports annual NAV per share 127.90 pence at October 31, up from 111.00p year-on-year. Total return on NAV in the 12 months to October 31 is 21%, up from 5.3% the year prior. This is below the company's benchmark, the FTSE World Index, which saw total return on NAV jump to 26% from 5.7% year-on-year. Shares continue trading at "wide" discount to NAV, though discount narrows to 13% at 2024 year-end, versus 16% the previous year. Final dividend proposal is 2.69p per share, up 5% from 2.56p year-on-year. Bankers Investment says it has around 100 holdings after restructuring with higher US allocation. Chair Simon Miller reports "cautious optimism" and says tariff rises are the most significant unknown factor in 2025. "I expect the worst-case headline figures will be negotiated downwards by many countries and a stronger US dollar will ironically reduce the impact of absorbing price rises for non-US companies." Miller adds: "Provided the economic outlook prevails, Bankers is in strong position to take advantage of a broadening out in markets."
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DCI Advisors Ltd - British Virgin Islands-based investor in residential resorts - Reports full-year revenue down to EUR162,000 from EUR318,000 in 2023. Pretax loss narrows to EUR523,000 from EUR6.2 million the year prior. Net asset value per share is EUR0.14 at December 31 2023, up from EUR0.12 year-on-year. No dividend proposed for 2023. Shares remain suspended until delayed release of 2024 half-year results, expected "shortly". Says it will consult on returning capital when a surplus is available. Updates on litigation against former investment partner Zoniro, where judge upheld that dispute must be resolved before Zoniro demands payment from CPI.
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Real Estate Investors PLC - Birmingham, England-based property investor focused on the UK's Midlands - Says it completed 20 targeted disposals in 2024, totalling GBP18.9 million, representing an aggregate uplift of 7.0% on 2023's year-end book values. The company expects to report net debt reduction of GBP15.3 million in 2024, following the disposals. Total debt was GBP39.1 million at year-end versus GBP54.4 million the previous year. Further asset sales are in the pipeline, though the firm is holding some properties back in the hopes they will see stronger pricing. Chief Executive Paul Bassi comments: "Whilst the first six months of this year are likely to see a continuation of the trends and activity levels we observed in 2024, we are cautiously optimistic about the second half of 2025 as we expect momentum to build particularly if interest rates continue to gradually reduce and sentiment improves.
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Mineral & Financial Investments Ltd - the Cayman Islands-based investor focused on junior mining companies - Expects to report a rise in net asset value for the first-quarter of financial 2025. The company says net asset value per share at September 30 was 29.25p, up 14% year-on-year. Total net asset value was GBP11.5 million at the quarter-end, up 15% from GBP10.0 million the previous year. Gross quarterly profit is expected to be around GBP189,790. The company claims a weaker sterling value against the US dollar negatively impacted trading in the first-quarter.
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By Holly Munks, Alliance News reporter
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