In QuotedData’s morning briefing 17 September 2020
- LXI REIT says that “following robust rent collection for the quarter ending September 2020“, it is increasing its quarterly dividend guidance by 4% to 1.35p per share (from 1.30p per share).
- Supermarket Income REIT is looking for more money. The aim is to issue £150m worth of shares at 104p each, a 6.3% discount to last night’s closing price of 111p and a 3.0% premium to the NAV at end June. The manager has £400m of potential acquisitions in its pipeline, three of which (with a value of £135m) are at a more advanced stage. The company is targeting dividends of 5.86p, up from 5.8p.
- Tiger Royalties and Investments has raised £500,000 – The fundraising comprises a conditional placing of 214,285,714 new ordinary shares at a price of 0.21p to raise £450,000 and a subscription by Colin Bird and Raju Samtani (Tiger’s executive chairman and finance director, who have invested £20,000 and £30,000 respectively at the placing price. [Time to consolidate these shares to make these numbers more manageable, we think].
- Fondul Proprietatea has sold 1.7bn shares in OMV Petrom at RON0.33 per share. This should raise RON 561m (£107m) for the fund. Fondul still owns just under 7% of the company. Oil and gas producer, OMV Petrom is one of Romania’s largest companies.
We also have a change of manager for Securities Trust of Scotland results from GCP Student Living, more bad news from JZ Capital and the prospectus from Tellworth British Recovery & Growth