JZ Capital will make no new investments – JZ Capital Partners Limited has announced a proposed change to its investment policy. If shareholders agree (and they almost certainly will) the company will make no further investments except where it has to meet existing obligations or to the extent that investment is required to support existing investments. The intention […]
Target Healthcare manager gets notice extension Target Healthcare REIT has issued another update, this one covers the quarter ended 31 March 2020: More cases of COVID-19 have been reported in its care homes but this still accounts for less than 5% of residents Target believes that its tenants’ cash flows will remain supported by demand […]
Precious metals help Baker Steel shine – Baker Steel Resources Trust has just released results covering the year ended 31 December 2019. This is looking a bit like ancient history given developments since. However, it is worth saying that the trust had a good 2019, with a 29.9% return on NAV (this compares favourably to a […]
In QuotedData’s morning briefing 21 April 2020, as US oil prices go negative for the first time: Yesterday Big Yellow announced plans to raise up to £80m via a placing of shares. It wants the money to buy land to expand its portfolio. It has 13 development sites, three of which are soon to complete (adding […]
Gresham House Energy Storage (GRID) announced that it had invested in a new 50MW battery storage project in Suffolk this week. This takes its portfolio to 274MW in total. GRID is one of two listed companies investing in this area, the other being Gore Street Energy Storage (GSF). GRID is quite a bit bigger than […]
In QuotedData’s morning briefing 16 April 2020, as news emerges of a three-week extension to the lockdown in the UK and a debate rages over the availability of personal protection equipment for care home staff, we have news of: talks between Amedeo and Emirates, fundraisings by two of Augmentum’s companies, results from EPE Special Opportunities, and […]
COVID care home update from Target – Target Healthcare REIT owns 73 modern, purpose-built care homes. It has provided an update on its business and portfolio in the light of the evolving COVID-19 pandemic. This is ahead of a planned announcement on its NAV and dividend scheduled for 21 April. “The Group notes the recent commentary […]
Luceco recovery fires up EPE Special Opps – over the year ended 31 January 2020, EPE Special Opportunities saw a 54.6% increase in its NAV per share. This was driven by strong performance from two of its investments – Luceco and Whittard. The share price rose by 33.9% over this period. The statement says: Whittard […]
Amedeo in conversation with Emirates – Amedeo Air Four Plus says that its manager, Amedeo Limited has received written confirmation that Emirates are seeking some form of financial accommodation from the company. The board has asked the manager to continue its negotiation with Emirates and also with the company’s lending banks which financed the acquisition of […]
Augmentum hails successful fundraisings – Augmentum Fintech has highlihted announcements by portfolio companies Onfido and Previse that they have successfully closed fundraisings. Onfido (www.onfido.com), the global identity verification and authentication company, has raised $100 million, led by global investment firm TPG Growth. This funding round implies a value of Augmentum’s holding in Onfido of approximately GBP10.87 million. […]
