In QuotedData’s morning briefing 17 December 2020: Schroder BSC Social Impact Trust has raised gross proceeds of £75m from its IPO. The company will use part of the net proceeds to acquire seven assets from Big Society Capital with the balance of the net proceeds to be invested in accordance with the company’s investment policy and/or used […]
Ceiba looks forward with confidence – CEIBA Investments Limited has updated investors on trading, operations and investments, in particular with respect to its expected operational result over 2020, its investments in the mixed use multi-phase industrial park to be located in the Special Development Zone of Mariel, the construction of the 400 room beachfront hotel Meliá […]
Urban Logistics buys three assets – Urban Logistics has bought three logistics assets in Huntingdon, Northampton and Fareham. The total cost was £22.9m which was funded from the company’s recent fundraising. Richard Moffitt, chief executive, commented: “These logistics assets are well located in the Midlands and South East for delivering essential goods the “last mile” to customers and […]
In QuotedData’s morning briefing 16 December 2020: Ruffer backs Bitcoin – in a surprise move, the trust says “One recent addition, via one of the specialist managers appointed within the Ruffer Multi-Strategies Fund, has been bitcoin. This is primarily a defensive move, one made in November after reducing the company’s exposure to gold. The exposure to […]
Gulf Investments survives tender offer – 40,643,418 shares were tendered, equal to 43.96% of the shares in issue. The post tender offer share capital will therefore be 51,817,824 shares, above the minimum size condition set out in the tender offer circular to shareholders. The directors will allocate the assets and liabilities of the company between a […]
Well-deserved expansion for Ecofin Global – Ecofin Global Utilities and Infrastructure Trust has published results for the year ended 30 September, 2020. Highlights During the financial year ended 30 September, 2020 the company’s net asset value per share decreased by 2.6% and the price of an ordinary share increased by 5.6%, both on a total return basis […]
Law Debenture buys company secretarial business – The Law Debenture Corporation has entered into a binding agreement to acquire the company secretarial unit of Konexo UK, a division of Eversheds Sutherland International LLP. The total consideration is £20m, payable in cash. For the financial year ended 30 April 2020, this unit recorded revenues of £6.2m and estimated EBITDA […]
Polar Cap Global Healthcare caught out by COVID – Polar Capital Global Healthcare has published results for the year ended 30 September 2020. The NAV return for the period was 14.1%, a bit behind the return on the benchmark index (MSCI ACWI Health Care Index) of 15.9%. As the discount widened, shareholders were left with a […]
In QuotedData’s morning briefing 15 December 2020: Triple Point Social Housing has secured an increase to its existing Revolving Credit Facility (RCF jointly provided by Lloyds Bank and National Westminster Bank. The RCF will increase from £130m to £160m. The term has been extended by a year to 20 December 2023 and comes at 1.85% over LIBOR. […]
QD view – UK clear-out heralds better times The AIC’s UK All Companies sector is set to shrink as shareholders in Jupiter UK Growth choose between cash or a rollover into an open-ended fund, Invesco Perpetual Select UK Equity moves to the UK equity income sector following its planned merger with Invesco Income Growth and […]
