Impressive returns from BlackRock Throgmorton – Over the year ended 30 November 2019, BlackRock Throgmorton Trust delivered an NAV return of 24.4%, three times the 8.0% return on its benchmark index, the Numis Smaller Companies plus AIM (excluding Investment Companies) Index. The share price returned an even more impressive 42.8% during the year as the discount narrowed […]
Hipgnosis ready to merge C shares – Hipgnosis Songs Fund has invested enough of the money it raised in its C share fundraise to warrant merging the C share and ordinary share portfolios. Issuing C shares allows funds to raise substantial amounts of money without diluting returns for existing shareholders. The NAV of the ordinary […]
BioPharma funds Collegium Pharmaceutical – BioPharma Credit has made a senior secured term loan agreement with Collegium Pharmaceutical, Inc. (traded on Nasdaq with the ticker COLL, with a current market capitalisation of about $680m). The company is investing alongside BioPharma Credit Investments V (Master) LP. The company will invest $165m and BioPharma-V will top that up […]
Hg Capital investment in smartTrade Technologies – HgCapital Trust will invest approximately £17.5m in smartTrade Technologies, with other institutional clients of Hg investing alongside through the Hg Mercury 2 Fund. The investment will reduce the company’s outstanding commitments to invest in Hg transactions to approximately £233m. We’ll get more news about the trust’s finances when it releases […]
Marten & Co Income Strategies Conference 2020 Many thanks to those of you who made it to our inaugral Marten & Co Income Strategies Conference. We had some great presentations from a diverse range of income funds. JLEN Environmental – Shires Income – Civitas Social Housing – Henderson Diversified Income – Polar Capital Global Financials The […]
In QuotedData’s other news 4 February 2020 Gore Street Energy Storage is raising money – £1.5m has been promised by two specialist ESG funds and they are subscribing for shares at 95.5p (the last published NAV). The fund is asking other professional investors whether they want to buy shares at the same time. The money will […]
In QuotedData’s other news 3 February 2020 BlackRock Throgmorton is asking shareholders for permission to issue more shares, having resold 5.5m of the 7m shares it was holding in Treasury. Ioannis Papalekas, the CEO of Globalworth has sold his entire stake in the company for €244.6m. he also freed up another €39m by selling the company […]
Surprise oversubscribe for BG European tender – As part of the process of taking on the management of European Investment Trust, Baillie Gifford agreed to hold a tender to allow shareholders that did not want to remain in the trust an exit. In the event 21,528,812 ordinary shares, approximately 53.5% of the issued share capital, were […]
Tufton makes first sales – Tufton Oceanic Assets has sold three General Cargo vessels for $19.3m. The divestment reduces the company’s fleet from seventeen to fourteen vessels. The realised yield and IRR exceed the targets expressed in Tufton Oceanic’s prospectus dated 25 September 2018. This is the company’s first divestment. It goes on to say that […]
US Solar fraud investigation – The board of US Solar Fund found out yesterday that its investment manager, New Energy Solar Manager, has been the victim of a fraud in relation to contracted construction payments totalling $6.9 million. The payments were made from the US bank account of a USF project company to a third party […]
