Brunner sees benefit of debt repayment – over the year to the end of November 2019, Brunner outperformed its benchmark, returning 13.2% against 12.6%. Revenue earnings rose 10.1% to 21.7p and the dividend was increased by the same percentage, hitting 19.98p. A big contributor to the earnings and capital performance was the much lower costs […]
In QuotedData’s other news 20 February 2020 Hadrian’s Wall Secured Investments (HWSL) has served notice on Hadrian’s Wall Capital Limited to terminate its investment advisory agreement, this will take effect in 12 months. This is tied up with the decision to wind up the fund taken recently. India’s Supreme Court has ruled in favour of Alpha […]
Amedeo Air Four sells two A380s – In a surprise move, Amedeo Air Four Plus has announced that is selling two A380-800 aircraft bearing manufacturer’s serial numbers 233 and 237 to Etihad Airways PJSC. After repayment of the current financing arrangements on the aircraft, the determination of swap breakage and facility prepayment costs together with transaction costs, […]
Nippon Active Value IPOs with £103m – the trust had been hoping for £200m but, after a small delay, managed to get to £103m, which the board felt was enough to get going. The trust is competing in the listed space with AVI Japan Opportunity but, in practice against a large range of well-resourced hedge […]
A great year for Herald shareholders – over 2019, investors in Herald Investment Trust made returns of 37.7%. 27.5% of that came from the NAV return and the rest from a narrowing of the trust’s discount from 17.8% to 11.3%. The report says that over the same period the Numis Smaller Companies Index (of UK […]
In QuotedData’s other news 19 February 2020 JPMorgan Japan Smaller (JPS) is cutting its management fee – from 1st April 2020, the fee will be charged at 1% on the NAV up to £150m and 0.75% (previously 0.80%) thereafter. Additionally, the £200,000 a year company secretarial fee will be removed from the same date. This is estimated […]
Global Sustainable Farmland emphasis on the sustainable – QuotedData’s James Carthew wrote an article on this new IPO a couple of weeks ago but on Friday he got to meet the people behind the fund, which is looking to raise up to $300m and is targeting returns of 7% to 8% a year with dividends […]
In QuotedData’s other news 17 February 2020 GCP Asset Backed Income has earned £1m from an early repayment fee as loans it had made that were secured against two co-living properties were repaid – the £49m freed up was immediately redeployed as £53m was lent to the same borrower. The new loan totals £140m (with the […]
Summit Properties tender and AIM exit – Summit Properties is holding a tender offer for a third of its shares (148,275,862 shares) at €1.45 a share. The EPRA NAV at the end of September was €1.68 and it looks as though that might have risen since so the tender is being carried out at at […]
In QuotedData’s other news 15 February 2020 Urban Logistics REIT has raised £130m via a placing of 94,545,455 new shares to investors at 137.5p. This is well in excess of the £100m it was after. It has also left room to raise an additional £12m from investors in the EU. Pre-existing investors have the opportunity to […]
