Artemis Alpha sells Metapack – Artemis Alpha Trust has drawn investors’ attention to an announcement from Stamps.com which has entered into a definitive agreement to acquire the total shares outstanding of Metapack Ltd., an unlisted equity representing 3.1% of the NAV, for cash. The agreed sale price represents a 24.8% uplift to current carrying value. Total proceeds […]
Two new vessels for Tufton Oceanic Assets – Tufton Oceanic Assets (SHIP) has announce that it has agreed to acquire a 75% interest in a LPG carrier for $21.75 million and a 100% interest in a Handysize Bulk Carrier for $10 million. LPG carrier – bareboat charter of seven years. The LPG carrier will have a bareboat […]
Autolus jumps to top position in Woodford Patient Capital Trust Woodford Patient Capital Trust (WPCT)’s stake in Autolus, the UK second generation CAR-T therapy company, rose by six places to top position in the portfolio in June, according to WPCT’s latest factsheet. The rise reflects Autolus’ recent IPO, which was priced at a valuation considerably above […]
Hammerson begins a £300m buyback programme – In its interim results report published today, listed property REIT Hammerson (HMSO) has announced that it has begun a share buyback programme for £300 million. The company confirmed that the programme had begun in a separate announcement released shortly after the interim statement was published. The buyback programme is part of […]
FastForward into Factom and Intensity Therapeutics – FastForward Innovations has advanced US$6 million to Factom, which will be converted into equity at a future date at a 25 percent discount to the price of Factom’s proposed Series B fundraising (terms yet to be announced). In addition, the xompany has the right to invest up to an additional US$9 million, […]
VinaLand sells its last two investments – VinaLand Limited will sell its stakes in both the 196HVT project and the SGPY project. The 196HVT site, which is approved for a future hospitality development, is in Ho Chi Minh City and The SGPY project is a small operating hotel located in Phu Yen. Both projects were acquired by VNL in 2008. VNL will divest […]
Templeton Emerging adds another manager to team – Templeton Emerging Markets Investment Trust has announced that Andrew Ness will be named as a portfolio manager of TEMIT with effect from 17 September, 2018. He will work closely alongside TEMIT’s lead portfolio manager Chetan Sehgal, who continues to serve as director of portfolio management for Global Emerging Markets […]
Hammerson sells Imperial and Fife Central Retail Parks – Hammerson plc has exchanged contracts for the sale of two retail parks, Imperial Retail Park, Bristol and Fife Central Retail Park, Kirkcaldy, for a total consideration of GBP164m to Capreon. This transaction brings Hammerson’s total proceeds from disposals in 2018 to GBP300m. Imperial Retail Park, acquired in 2012 […]
Artemis Alpha writes down URICA – Artemis Alpha Trust says that its NAV has been reduced by 2.2% as a result of an impairment taken to the value of its holding in URICA Ltd, a company operating in the supply chain finance industry. This represents the total amount originally invested in URICA at cost. The managers did not […]
MINI fails to keep up with AIM index – Miton UK Micro Cap has published results for the year ended 30 April 2018. Over the year, the NAV returned 8.4%. This compares with the AIM All-Share Index, which returned 10.7% (AIM stocks account for three quarters of the portfolio). This performance is somewhat higher than the returns on other […]
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