Three deals for Standard Life Investments Property Income – Standard Life Investments Property Income Trust has completed three deals. It sold an industrial unit in Milton Keynes for GBP9.3m, (slightly less than the value used in the end June NAV). The property was let to an envelope manufacturing company and the manager says that the sale […]
Symphony invests in eye health – Symphony International Holdings is making an investment in ASG Hospital Private Limited, a full service eye-healthcare provider with operations in India, Africa and Nepal. ASG was co-founded in Rajasthan, India in 2005 by Dr. Arun Singhvi and Dr. Shashank Gang. ASG’s operations have since grown to 33 clinics, which offer […]
In QuotedData’s other news 13 September 2019 – Crystal Amber’s results for the year ended 30 June 2019 show its NAV rising by 1.8% and an NAV total return of 4.1% (including income). The main positive was Leaf Clean Energy (after it won its court case), the detractors were holdings in Northgate and De La Rue. […]
Woodford Patient Capital slashes NAV again – Woodford Patient Capital says it will cut its NAV once again. This time by 4p per share. Bizarrely, the announcement doesn’t tell investors why. The statement says – “Link Fund Solutions Limited (“Link”), through its Fair Value Pricing Committee, is responsible for the valuation of the portfolio of […]
BioPharma lends up to $150m to OptiNose – BioPharma Credit will lend, alongside BioPharma Credit Investments V, up to $150m via senior secured notes issued by OptiNose US, Inc. BioPharma Credit’s share of the transaction will be up to US$82.5 million and its initial investment US$44.0 million. (BioPharma Credit Investments V (Master) LP is a private fund also […]
In QuotedData’s other news 11 September 2019: Grit Real Estate, the pan-African real estate trust, is planning a fundraise – up to 280m shares at a price no less than NAV. Neil Rogan, ex-head of Global Equities at Gartmore with sole responsibility for Gartmore Global Focus Fund and the former lead manager of Fleming Far Eastern […]
Shareholder requisitions continuation vote for Gabelli Value Plus – we published an article last week – Gabelli Value Plus+ tender on hold for now – see link – that said a leading shareholder planned to requisition a meeting to hold a continuation vote. That, in turn, was a response to the fund’s announcement in August. […]
Tufton topping up funds again – Tufton Oceanic Assets launches placing after results show a flat year in NAV terms to end June 2019. Ship leasing firm, Tufton Oceanic Assets, has just released results covering the year ended 30 June 2019. Highlights from the statement include: Profit of US$16.4m, or 11.94 US cents per ordinary share […]
Schroder Real Estate updates on portfolio – Schroder Real Estate Investment Trust has revealed some progress on properties in its portfolio. In the Manchester, City Tower (which Schroder Real Estate owns a quarter of) – An agreement has been exchanged for St Pirans School (GB) Ltd, trading as the London School of Commerce, to lease 8,215 […]
Woodford Patient Capital wins concessions from lender – Woodford Patient Capital has a borrowing facility for up to GBP150 million (the “Facility”) and is permitted under its investment policy to borrow up to 20 per cent. of net asset value at the time of borrowing. Borrowings as at 4 September 2019 were GBP113.7 million. While the […]
