In QuotedData’s other news 18 October 2019 Gore Street Energy Storage says its 9.0MW storage project at the Port of Tilbury is now operational. The behind-the-meter energy storage project benefits from a diversity of income sources including Triad revenues, a secured Fast Frequency Response (FFR) contract and a capacity market contract. It is using batteries from […]
UK Mortgages feels impact of falling interest rates – UK Mortgages says that, for year ended 30 June 2019, its NAV fell from 85.7p to 82.1p, its share price fell from 87.25p to 73.5p and it cut its dividend target from 6p to 4.5p. The main culprit for this is said to be falling interest rates. […]
Regional REIT buys office portfolio – Regional REIT has exchanged contracts to acquire a portfolio of four office assets for a total consideration of GBP27.7million from a UK institutional vendor, with completion expected by the end of October. The portfolio comprises four multi-let offices located in Redhill, Harefield, Bristol and High Wycombe. The assets total circa […]
India Capital Growth management team strengthened – Ocean Dial India hires Tridib Pathak as co-head of equities alongside Gaurav Narain. Tridib Pathak’s career in the Indian financial markets spans 30 years. Originally he appraised project finance and term lending for a public sector bank. He then moved across to a research focused role initially as a […]
CatCo makes further storm provisions – CatCo Reinsurance Opportunities has just released updated NAVs as at the end of September 2019. The NAV of the ordinary shares is down to 30 cents and the C share NAV is said to be 57 cents. The company has been making provisions against its anticipated losses from recent […]
In QuotedData’s other news 17 October 2019 Gore Street has expanded by £10.7m after raising an additional £9.5m from the NTMA and £1.2m from other investors. Hipgnosis Songs Fund raised £231m from its C share issue – that’s a lot of money but also quite a bit short of the £300m it said it was looking […]
In QuotedData’s other news 10 October 2019 AVI Japan is asking shareholders to approve an issue of up to 14,365,000 shares to Finda Oy, its largest shareholder, as part of a larger placing to be held in November. Tufton Oceanic Assets has agreed to acquire a Containership for $8.75m, taking its fleet to seventeen vessels. The […]
Baillie Gifford wins European Trust – The board of The European Investment Trust has entered into heads of terms to appoint Baillie Gifford & Co Limited as the company’s new AIFM, company secretary and administrator. The company has given notice to terminate the appointment of Edinburgh Partners. The decision came after an extended run of poor […]
Jupiter US Smaller extends run of outperformance – Jupiter US Smaller Companies reports that its NAV increased by 4.5% in the twelve months to 30 June 2019. This compares to a fall of 1.1% for the benchmark, the sterling adjusted Russell 2000 Index. Since Robert Siddles was appointed as fund manager on 1 January 2001, the […]
In QuotedData’s other news 9 October 2019 AEW UK REIT has a loan from The Royal Bank of Scotland. It has just negotiated changes to the covenants on this loan that permit the company’s borrowings to rise to 55% (loan to NAV), from 45% previously. The announcement stresses that the company has no plans to increase […]
