Alpha Pyrenees Trust (Ordinary Share) ALPH

Property Direct - Europe

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Estimated NAV (p)

12.00

Share Price (p)

1.79

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
Alpha Pyrenees Trust (Ordinary Share) Price -91.91%
Alpha Pyrenees Trust (Ordinary Share) NAV -56.02%
FTSE World Europe ex UK 32.25%
Total Returns on £1000

Discount / Premium Movement

Discount / Premium Movement

Shares

Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 2.0p -83.4% 12.00p 12.00p
30 Jun
1633%

Discrete performance % over

Fund / BenchmarkNov '11
Oct '12
Nov '12
Oct '13
Nov '13
Oct '14
Alpha Pyrenees Trust (Ordinary Share) Price-28.49-71.98-59.63
Alpha Pyrenees Trust (Ordinary Share) NAV35.34-18.75-60.00
FTSE World Europe ex UK2.5232.65-2.76

Discrete performance over

Discrete Performance

Top 10 Holdings

Villarceaux-Nozay 42.52%
Aubervilliers Offices 7.68%
Cordoba Retail Park (Spain) 5.82%
Goussainville Offices 5.19%
Champs sur Marne Offices 4.18%
Aubergenville Logistics 4.14%
Athis Mons 3.97%
St Cyr L'Ecole 3.42%
Gennevilliers Offices/Industrial 3.25%

Sectors weighting

Property 96.80%
Net Current Assets 3.20%
  • Investment trust info:

  • Sector Property Direct - Europe
  • Launch Date 29 Nov 2005
  • Base Currency GBX
  • Domicile Guernsey
  • Share Price (p) 1.79
  • Share Type Ordinary Share
  • TIDM ALPH
  • ISIN GB00B0P6FY18
  • Shares Issued (M) 118
  • Market Capital (£M) 2.34
  • Gross Assets (£M) 230.19
  • Net Assets (£M) 14.10
  • TER (%) 29.30
  • Last AGM 26 Apr 2014
  • Next AGM 26 Apr 2015
  • Last Annual Report Date 30 May 2014
  • Next due Report Date  
  • Next due Report Type I/R
  • Objective:

  • Invests in French and Spanish commercial real estate to generate income as well as capital growth potential.
  • Management Group(s):

  • Alpha Real Capital LLP
  • Managed by:

  • Paul Cable Start: 29 Nov 2005
  • Team Managed Start: 22 Nov 2005
  • Management Contract & Fees:

    The Management Fee is calculated at 1% p.a. of Gross Assets, adjusted to reflect the current value of the properties, and of assets representing an indirect interest in the property, to the extent that these are not reflected in the consolidated gross assets. The Investment Manager is also entitled to an annual performance fee, which is payable once the annualised Total Shareholder Return in any accounting period exceeds 12%. The Performance fee is calculated at 20% of such excess, plus 15% for an annualised TSR in excess of 20% in any accounting period. The Company has also granted an option to the Funds personnel to acquire up to 3,825,000 Ords, the vesting there of being subject to the achievement of performance criteria. There are a total of three tranches of options, and the first tranche will vest on the third anniversary of Admission. The Management Agreement is for an initial eight- year term and may extend for a further eight-year term if the Board determine so prior to the seventh anniversary of the Admission. The Company may also terminate the Agreement if at any time within two years following Admission there is a change of control of the Investment Manager. The Administrator is paid a fee based on time incurred on the Companies behalf, subject to a maximum charge of GBP 6,000 per month. The Agreement is terminable by either party on not less than 120 days' notice.