UK TMT proves a positive hunting ground for Herald Investment Trust – The Herald Investment Trust (HRI), which invests in smaller Technology, Media and Telecommunications (TMT) companies has delivered its Annual Financial Report to year ending 31st December 2017. The NAV of the Company increased by 26.9% during the year and the share price increased […]
NewRiver REIT acquires two retail parks for £26 million – NewRiver REIT (NRR) has announced that it has completed the acquisition of two retail parks for a combined consideration of £26.5 million. The company reports that this represents an initial yield of 8.9% and a capital value of £141 per sq ft. The retail parks are in Dewsbury, West […]
FSFL chasing the Sun to the Southern Hemisphere – Solar power plant operator Foresight Solar (FSFL) has released its full year’s results to 31st December 2017. The company’s foray into the Australian market, where there are four plants under construction represents their first international acquisitions. Further developments outside the UK are expected. In the report, the […]
John Laing Environmental Assets announces £30m bookbuild – Further to the announcement on 12 February 2018 of its intention to undertake a share issuance programme, JLEN has further announced that they will be targeting the raising of £30m via a bookbuild. This is to be used to repay amounts drawn under the revolving credit facility in order to finance […]
3I Infrastructure Board approves payment of the proposed special dividend. Further to the announcement made on 31 January 2018 of the Company’s intention to return surplus cash to shareholders, the Board of 3i Infrastructure (3IN LN) has approved the payment of a special dividend of £425 million. The Company will return £425 million to shareholders by […]
JPMorgan’s Multi-Asset Trust launch gets £81m rollover – The launch of JPMorgan Multi-Asset Trust (MATE) received a boost today with the news that approximately half of the shareholders of JPMorgan Income & Capital Trust (JPI) have voted to roll over into MATE. JPI is a split capital fund that has reached the end of its fixed term. The roll […]
Aberdeen Emerging Markets announce positive news and developments – Aberdeen Emerging Markets Investment Company Limited (“AEMC”) has delivered its annual report and accounts to year ending 31st October 2017. In it they reported performance for the 12 month period, as well as some significant changes. Over the year to 31 October 2017, the company’s NAV total […]
UEM relocating to the UK – Having announced on 21 November 2017 that it was considering options for a possible change in its domicile from Bermuda to the UK, the Board of Utilico Emerging Markets Limited (UEM) has decided that it would be in the Company’s best interests to re-domicile the Company to the United […]
Armadale Capital has updated metallurgical work at its 80%-owned Mpokoto project in the DRC’s Katanga Province, which has confirmed the proposed two-phase processing route to recover gold from the oxide ores initially, with a further second phase to treat the transition and fresh rock. Metallurgical testwork on two bulk samples of oxide ore has confirmed […]
Shareholders in British private equity firm Electra voted in favour of activist investor Edward Bramson and Sherborne’s Chairman, Ian Brindle being appointed to the board at a general meeting today. Shareholders voted 53.5 percent in favour of the resolution by Bramson’s investment vehicle Sherborne to appoint Bramson to the board. Sherborne Investors, which owns 30 per […]
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