Baker Steel has announced details of its tender – a tender offer for up to 9,677,498 shares (about one share for every 12 issued shares) at a tender price of 51p per share. The price represents a premium of 10.9% to the closing bid price on 7 May 2019 and a discount of 10.2% to the unaudited NAV as at 30 April 2019.
3i Infrastructure says that, for the year ended 31 March 2019, it made a 15.4% total return (helped considerably by its sale of Cross London Trains) and hiked its forecast dividend by 6.4% to 9.2p.
Pacific Alliance China Land said its NAV fell to $2.7192 (-5.6%) in 2018. All of the company’s investments have been exited and it had just $7m in cash at the end of December.
We also have more Civitas news – another regulatory judgment, this time for Bespoke Supportive Tenancies