In QuotedData’s other news 21 January 2020: Troy Income & Growth reports that 25.4m shares were voted against one of the resolutions proposed at its AGM. The resolution still passed as 80m shares were voted in favour. The resolution was one that allows TIGT to issue shares without first offering them to existing shareholders. As TIGT […]
River and Mercantile Micro Cap reports on difficult year – the NAV total return of the River and Mercantile Micro Cap’s portfolio over the year ended 30 September 2019 was (17.48%), which compares with the total return of (7.34%) posted by its benchmark index. The share price fell from 211p to 157p as the discount […]
Aberdeen Standard European Logistics completes its investment in Den Hoorn – Following the announcement dated 16 December 2019, Aberdeen Standard European Logistics has confirmed that it has completed its acquisition of the freehold logistics warehouse in Den Hoorn, the Netherlands, for a net value of EUR49.9 million, providing a net initial yield of 4.5%. This is […]
Shaftesbury dispute with Samuel Tak Lee rumbles on – first a statement from the board: “As shareholders will be aware, the Board was served with legal proceedings issued by companies controlled by Mr Lee in June 2019. The proceedings concern allegations and claims relating to the equity placing conducted by the Company in December 2017, […]
Renewables Infrastructure buys Blairy Hill wind farm – The Renewables Infrastructure Group has exchanged contracts to acquire a 100% interest in Blary Hill Energy Limited, with the rights to construct a 35MW wind farm located on the Kintyre Peninsula, West Scotland. The investment is expected to complete during Q1 2020. The project, developed by RES, will […]
Hipgnosis buys catalogue from Ammar Malik – Hipgnosis Songs Fund has acquired a music catalogue from Ammar Malik. Ammar co-wrote songs such as Maroon 5’s 2011 hit ‘Moves Like Jagger‘, featuring Christina Aguilera, which was Number 1 in 18 Countries including the US and has been certified 9x platinum in the US and 3x platinum in […]
GCP Infrastructure NAV slips on power price fall – GCP Infrastructure says that its NAV fell by 2.08p or 1.86% over the final quarter of 2019. The valuation agent, Mazars LLP carries out a fair market valuation of GCP’s investments on a quarterly basis. NAVs are based on a discounted cash flow methodology (estimating future cash flows […]
In QuotedData’s other news 15 January 2020 Standard Life Private Equity said that Peter McKellar, global head of private markets at Aberdeen Standard Investments, the investment manager, bought £500,000 worth of shares in the company – a massive vote of confidence we think, and taking advantage of the discount that the shares trade on. Chenavari Toro […]
Jupiter Emerging and Frontier celebrates good year – Jupiter Emerging and Frontier Markets has published results for the year ended 30 September 2019. The share price and NAV total returns were +4.0% and +10.5%, respectively. This compares with a total return of +3.7% for the benchmark, the MSCI Emerging Markets Index. The dividend was increased […]
In QuotedData’s other news 10 January 2020 Ground Rents Income Fund has refinanced its debt, reducing its overall interest cost from 3.37% to 2.76%, increasing the loan to value covenant on its debt from 40% to 45% (giving it more headroom to borrow if it chooses – the current loan to value ratio is 24%) and […]
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