Asia Dragon plans conditional tender offers – Asia Dragon Trust says that, provided its shareholders vote to continue the company at the upcoming AGM in December 2021, it intends to introduce five-yearly performance-related conditional tender offers in addition to its regular continuation votes. If, on an NAV total return basis, the company beats its benchmark […]
Impact Healthcare REIT has sold a care home for £1.68m and bought a purpose-built, high-quality care home in the South-west of England for £5.75m. Heeley Bank is a 67-bed care home in Sheffield, acquired as part of a portfolio of four homes leased to MMCG in March 2020. The home was not a long-term strategic […]
Scottish Oriental Smaller Companies reports an NAV return of 28.4% for the year ended 31 August 2021, well-behind the 37.8% return on the MSCI All Countries Asia ex Japan Small Cap Index. The return to shareholders was 28.9%. The dividend is maintained at 11.5p, some of this is being paid out of revenue reserves. [I […]
In QuotedData’s morning briefing 21 October 2021: Custodian REIT (CREI) has bought a 28,601 sq ft industrial unit on Clifton Moor Industrial Estate, York, adjacent to York’s northern bypass which connects to both the A1(M) and M62. The unit is occupied by Menzies Distribution Limited with a weighted average unexpired term to first break or […]
Metage Capital opens new front against Third Point Investors – following on from Asset Value Investors’ attempts, on behalf of clients such as AVI Global, to get Third Point Investors to tackle its discount, Metage Capital has today written to the board of Third Point Investors. We reproduce the letter in full. Dear Fellow Shareholders, […]
Gore Street publishes upbeat trading update – Gore Street Energy Storage Fund says that in September, the storage assets it has in Great Britain that participated in the actively-traded GB power markets generated revenues nearly two times their September forecasts. This is due to increasing GB power prices and price volatility and the ability of the […]
Gresham House Strategic board hits back at Gresham House – this is one of those situations where it is easiest just to replicate the statement in full. “The independent directors of Gresham House Strategic plc (“GHS” or the “Company”) (“Independent Board”) note the announcement by Gresham House plc (“GHE”) published on 19 October 2021, and […]
BBGI buys stake in Canadian hospital – BBGI Global Infrastructure SA has entered into an agreement to acquire a 25% interest in Center Hospitalier de l’Université de Montréal (CHUM), in Montreal, Québec, Canada. The public-private partnership project originally consisted of the design, construction, finance, operation, and maintenance of a fully functional new hospital facility including new […]
Scottish Investment Trust to be taken over by JPMorgan Global Growth and Income – After an extensive review, the board of Scottish Investment Trust has decided that its best option is to combine the trust with JPMorgan Global Growth and Income. The board says that a large number of proposals was received and evaluated with […]
JPMorgan European shake up planned – The board of JPMorgan European Investment Trust has concluded its review of the company and its strategy. This included considering various options to improve marketability and to broaden the appeal of the company as well as to improve liquidity and to narrow the discount. The board believes there remains a […]
