In QuotedData’s other news 4 July 2019: Ashoka India Equity raised £5m from its issue of stock – it will issue 4,742,972 of its shares at a price of 111.7p. Cambria says that Payserv Africa Limited and Paynet Zimbabwe (Pvt) Ltd have instructed their legal practitioners in Zimbabwe, Titan Law, to commence legal action against the Bankers […]
Merchants Trust slashes debt costs – The Merchants Trust PLC has entered into a new 3-year revolving credit facility with Scotiabank Europe Plc for GBP42 million. The money will be used to help repay £42m of Merchants’s Fintrust Debenture on 7 August 2019. This will significantly reduce the cost of debt. The weighted average interest rate […]
JPMorgan Elect wins half of El Oro – El Oro offered its investors the option of rolling their investment into JPMorgan Elect or choosing to take cash. Well over half the money will end up in JPMorgan Elect, which is a great result for the trust. Nick Vermeulen and Christiaan Van Den Berg, both of […]
Unite Group buying Liberty Living – Student accommodation business, Unite Group, is to buy rival, Liberty Living in a £1.4bn deal ( £0.8bn in cash and £0.6bn in shares). The vendor is Liberty Living Holdings Inc., a wholly owned subsidiary of Canada Pension Plan Investment Board. The Liberty Living portfolio comprises 24,021 beds and was independently […]
QuotedData’s James Carthew had a follow-up meeting with Adamas Finance after the publication of his article on the fund in Investment Trust Insider. The original article, like the vast bulk of James’s articles on that site, was written without the benefit of meeting the manager or its PR team beforehand – that’s because James wants […]
Jupiter European manager heads for exit – Jupiter Fund Management and portfolio manager Alexander Darwall have spoken to the board of Jupiter European Opportunities Trust about the future management of the trust. Alexander Darwall has taken preparatory steps to launch a new investment management company, Devon Equity Management Limited, to be based in London. He is […]
Baillie Gifford UK Growth needs more time – Baillie Gifford UK Growth has published results covering the year to the end of April 2019. For the first two months of that period, the portfolio was managed by Schroders and it managed to underperform the All-Share Index by 2.0%. Over the subsequent 10 months, under Baillie Gifford, […]
In QuotedData’s other news 28 June 2019 Origo Partners results to end December 2018 (ancient history now) show its NAV halving from 3.9 cents to 1.8 cents, down to: – (i) write offs of the company’s investments in Celadon, Gobi Coal, Staur Aqua, Fram, Six Waves, and Unipower; (ii) realised losses from the company’s sale of its […]
Woodford board wakes up – After weeks of virtual radio silence, the Woodford Patient Capital board has started to make some concrete plans for the future, although along the way it has lost one of its directors. On gearing WPCT has a borrowing facility for up to £150 million and on 26 June 2019, approximately £126.0 […]
Renewables Infrastructure buys French wind farms – The Renewables Infrastructure Group has made two onshore wind investments, increasing the proportion of the portfolio in France from 10% to 13%. TRIG has acquired a 34.6% equity interest and all of the shareholder loans in Fujin SAS, a holding company that owns a portfolio of five operational windfarms […]
