In QuotedData’s morning briefing 10 May 2024:
- Home REIT (HOME) has sold a further 76 properties at a public auction for a total of £14.6m (12.4% below the draft August 2023 valuation – which was already heavily marked down from the price the company bought them for). Since August 2023, the company has completed on the sale of 585 properties and exchanged on a further 262 properties. The gross proceeds from properties sold and exchanged totals £125.8m, which in aggregate is in line with the August 2023 draft valuation. Sale proceeds will be used to reduce borrowings and provide working capital.
We also have:
- Matt Cable taking the lead at Rights & Issues
- Aquila European Renewables to retain its independence
- NextEnergy Solar improving RCF terms
- Annual results from North Atlantic Smaller Companies