Update with QuotedData comment: Apax Global Alpha (APAX) leaps to a 28-month high after its fund manager offers shareholders a 19% premium to last Friday’s share price to end the company’s ten-year stint on the stock exchange. Shares in Apax Global Alpha (APAX) have shot up 17% after the private equity fund abandoned hope of […]
Seraphim Space (SSIT) shares jumped 6% today after the Financial Times reported the Polish government was in talks to invest in ICEYE, the investment trust’s biggest holding, at a valuation “significantly higher” than $1bn (£740m). The Finnish company, which accounted for just over a quarter, or 25.5%, of Seraphim’s £239m portfolio at 31 March, has […]
Update: The embattled board of Maven Renovar VCT (MRV) has hit back at former fund manager Paul Jourdan’s “conflicted” bid to gain control of the £89m venture capital trust that controversially sacked him and his employer, Amati, last year. Publishing a circular for the shareholder meeting requisitioned by Jourdan who is seeking to be elected a […]
PRS REIT (PRSR), the £588m provider and developer of affordable family rental homes, remains in discussions with its sole potential bidder Long Harbour but has issued a “very strong” trading statement in the hope of attracting further approaches. The company, where activists Robert Naylor and Christopher Mills joined the board last October, said today it […]
Assura, the GP surgeries landlord being bought by Primary Health Properties (PHP), publishes annual results and Utilico Emerging Markets celebrates 20 years as a global infrastructure fund. Assura (AGR), the GP surgeries landlord that agreed to a £1.8bn bid from rival Primary Health Properties (PHP) last month, has published annual results showing a 9% investment […]
Stifel is recommending investors take some profits on their investment company positions after an impressive rebound from the panic over US tariffs in early April. The broker said 42 investment companies had risen more than 25% in the wake of President Trump’s sweeping “reciprocal” tariffs on “Liberation Day”, which saw markets fall but then recover as the […]
Biotech Growth (BIOG) passed its five-yearly continuation vote yesterday with 76.7% of votes in favour, but with over 23% of votes cast against the resolution, the £198m company could be vulnerable to consolidation in the sector, broker Deutsche Numis believes. Shares in the global biotech fund have slumped around 40% since the last vote in […]
NextEnergy Solar urges shareholders to vote for its continuation next month; activist fund Crystal Amber considers its future after four years of disposals; and tiny Seed Innovations is poised to switch from life sciences to AI and robotics as financier Jim Mellon prepares to re-join the board. NextEnergy Solar (NESF) has published its AGM circular […]
Shareholder discontent is rising at Gore Street Energy Storage (GSF) after the battery fund cut its dividend and was requisitioned by one of its long-term shareholders, RM Funds, to call a general meeting and overhaul its board with a view to seeking a merger. Shares in the £323m investment company tumbled 7% to 59p after […]
Peter Hicks, research analyst at Chelsea Financial Services, has made an extraordinary attack on the board of the former Amati AIM venture capital trust. In a video posted on Youtube, the VCT broker makes his strongest comments yet on behalf of shareholders dismayed by the board’s decision last year to sack Amati, the UK smaller […]
