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30th September, 2012 Montenegro Investments Limited (in Administration) (“MIL” or “the Company”) Appointment of Administrators Pursuant to an Order of the Royal Court dated 18 September 2012, the Company was placed in Administration and Jamie Toynton and Alan Roberts of Grant Thornton appointed Joint Administrators. The purpose of the Administration Order is for the survival of the [Read More]

Our most recent Clarion Funds Performance Update report is now available online. Performance “On a 12-month view (Fig.1), the Fund has outperformed its main peer group the FE Offshore Flexible Universe and also the FE Offshore Balanced Universe, the latter of which is used by Argyll for internal performance monitoring purposes. Much of the relative out-performance has come from our [Read More]

The pensions divide between men and women is set to widen, as figures show men increased their saving ratio over the last year while women cut contributions. The research from Halifax found men were making better provision for retirement than women with 49% of men currently saving adequately compared with 42% of women. Adequate provision is defined as somebody saving at least 12% of current [Read More]

Extraordinary General Meeting and 2nd Open Offer for Subscription of Shares Further to the announcement released on 16 November 2011 the Board of Directors of the Company hereby announces that an Extraordinary General Meeting of the Company will be held on 14 December, 2011 (“EGM”) at 10 a.m. The documents providing the details of the EGM and the 2nd open offer for shares in the Company to [Read More]

This week, it was Monte Carlo. Next week, Montenegro. Nat Rothschild, who has one of the best financial brains in a family renowned for business acumen, will be 40 next Tuesday, and intends to make this a weekend to remember. The financier is rumoured to be splashing out £1m on a birthday bash. That is small change for a man whose personal wealth is reckoned to be about a thousand times that [Read More]

“This fragment of the former Yugoslavia once lured celebrities to its shores. Can a new luxury enclave help to put it back on the map? What would Sophia Loren make of Aman Sveti Stefan, I wonder? The Italian superstar was a fan of the 1950s hotel that was once on this Montenegrin rock. It had a fleet of Chevrolet cars to transport guests across the causeway and around the coastline, [Read More]

Welcome to the Market Brief from the Investment Department of Argyll Investment Services Limited our monthly brief discusses the highs and lows across the market. “Following a series of weaker than expected economic statistics released during the month, May saw investor confidence in the global recovery falter, which in turn led to a sell-off in the majority of risk assets.  In the US, [Read More]

Signs of recovery in Montenegro are good news for the Montenegro Investments Limited property portfolio.  According to Montenegro’s State Statistical Office, the Value of construction work in the first quarter of 2011 increased by 18.1% compared to the same quarter last year. Effective moments of the construction works in Montenegro for the first quarter of 2011 increased by 24.6% [Read More]

On April 29, 2011, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Montenegro. A tentative recovery is taking hold, following the global crisis that exerted heavy blows upon the economy. In 2010, a good tourism season was followed by resumed metal production, while heavy rains in the region boosted electricity production and exports. After [Read More]

“Montenegro will be the fastest growing travel & tourism economy in the world over the next ten years” [Source: World Travel & Tourism Council - May 2011]   For Montenegro Investments Limited investors there was positive news from the World Travel & Tourism Council regarding the economic picture for Montenegro. Montenegro will be the fastest growing Travel & [Read More]

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