Jupiter European confirms manager change – Since the announcement on 1 July 2019 regarding Alexander Darwall’s intention to establish a new investment management company, Devon Equity Management Limited, the board of Jupiter European Opportunities has undertaken a consultation with major shareholders and also appointed a firm of specialist professional advisers to conduct a due diligence exercise […]
TR European lags benchmark as micro caps struggle – over the year ended 30 June 2019, the trust returned -7.3% in NAV terms against a 0.6% positive return for the Euromoney Smaller Companies Index (ex UK). A widening of the discount left shareholders with a return of -10.4%. The dividend was upped from 19p to 22p. […]
In QuotedData’s other news 3 October 2019 3i Infrastructure will issue up to 81m new shares through a placing. The price will be determined through a book build – where investors say what price they are prepared to pay and the deal is done at the highest price that allows the fund to issue all the […]
Augmentum makes first German purchase – Augmentum Fintech has made its first investment in Germany with a €6 million investment in Grover (http://www.Grover.com/), a German technology rentals platform. Augmentum’s investment leads a €11 million funding round, and coincides with Grover signing a new €30 million debt facility with Varengold Bank, one of Germany’s major fintech banking […]
LMS Capital reviewing management arrangements – LMS Capital has been reviewing its investment management arrangements since July. The review concluded with a majority of the board deciding that Gresham House Asset Management (“GHAM”) should continue as the appointed investment manager on terms that include both a reduction in the annual management fee (excluding any cash over […]
In QuotedData’s other news 27 September 2019 Pacific Alliance China Land confirmed its planned delisting and liquidation, saying it would complete by the end of the year. Hipgnosis is asking shareholders to approve the issuance of 1bn C shares and has upped the maximum amount it will seek to issue now from 300m to 500m. Infrastructure […]
AEW UK Long Lease targets covered dividend in FY2021 – AEW UK Long Lease REIT has published results covering the year ended 30 June 2019. Generally, things seem to be on track – as the highlight below show – but problems with one tenant (now replaced) led to a dip in the share price. This […]
Renewables Infrastructure raising cash to expand in Europe – The Renewables Infrastructure Group (TRIG) is asking its shareholders to approve an increase in the maximum amount that it can invest in continental Europe – raising the bar from 50% of its portfolio to 65%. A meeting is being convened to approve the change. At the […]
ScotGems manager resigns – The investment management team of Ashish Swarup and Tom Allen have worked together on the ScotGem’s portfolio since its launch in June 2017. Ashish Swarup has resigned from Stewart Investors, the company’s investment manager. The board note that Tom Prew has assumed the role of lead manager with immediate effect, with Tom […]
Woodford Patient Capital slashes NAV again – the board of Woodford Patient Capital Trust has been notified by Link Fund Solutions Limited, that it intends to reduce the valuations of three of the company’s holdings. These valuation adjustments reflect the challenging fundraising environment for these businesses which may impact their ability to or the level […]
