News

07 Sep 2023
a shipping container branded dli being held aloft in a logistics facility 230907 iip dli

Infrastructure India sells prime asset but not for cash

Infrastructure India is selling its interest in 99.99% of Distribution Logistics Infrastructure Private Limited to Pristine Malwa Logistics Park Private Limited. Pristine Malwa is a wholly owned subsidiary of Pristine Logistics and Infraprojects Limited. The Pristine Group provides end-to-end multi cargo logistics solutions, and services including port handling, road and rail transport, warehousing, shipping, stevedoring, […]

07 Sep 2023
fondul proprietatea logo 230907 fp

Fondul Proprietatea – government wants review of manager agreement and approach

The Romanian Ministry of Finance, which has a 5.96% stake in Fondul Proprietatea, has added a few extra resolutions for investors to consider at its upcoming shareholder meeting on 25 September 2023. First is a resolution that Franklin Templeton’s contract is renewed for just one year (1 April 2024 to 31 March 2025). Second a […]

07 Sep 2023

Schroders Capital Global Innovation NAV dives again

Schroders Capital Global Innovation Trust says that its NAV as of 30 June 2023 was 24.73p per share, a decrease of 6.1% relative to the NAV per share as of 31 March 2023 (26.35p) and a decrease of 5.4% relative to the indicative unaudited NAV per share as of 30 June 2023 published on 3 […]

07 Sep 2023

International Public Partnerships hikes dividend by 5%

International Public Partnerships has announced results for the six months ended 30 June 2023. The main highlight of these was the dividend increase but the other salient points were: The NAV reduced by 2.4% to 155.2 pence per share. The decline was driven principally by an increase in the discount rates used to value the […]

07 Sep 2023

QuotedData’s morning briefing 7 September 2023 – GRID, IEM, SWEF, SOHO, HOME

In QuotedData’s morning briefing 7 September 2023: Gresham House Energy Storage (GRID) reports a fall in its NAV and a -3.5% return for the six months ended 30 June 2023. Most of the negative impact comes from lower revenue forecasts (these took 15.5p off the NAV). The discount rate used to value the portfolio has […]

31 Aug 2023

QuotedData’s morning briefing 31 August 2023, BCPT, NAVF, IIP

In QuotedData’s morning briefing 31 August 2023: Balanced Commercial Property Trust (BCPT) says it has secured two key leasing initiatives in its industrial portfolio. At unit 8, Hams Hall Distribution Park, Birmingham, Nestle Purina, a leading pet care and food company, has agreed a 10-year lease extension commencing March 2025, with a break at the […]

30 Aug 2023

UK Commercial Property lets Sussex Junction development

UK Commercial Property REIT has fully let Sussex Junction, its brand new 107,000 sq ft industrial development in Bolney, West Sussex. Birch Sussex Ltd., an asset storage and concierge business, has let the c. 47,000 sq ft Unit 1, on a 15-year lease without break, which increased the rental rate of the property to £14.50 […]

17 Aug 2023

Hg agrees partial sale of TeamSystem

Hg, the manager of HgCapital Trust has agreed to sell part of its investment in TeamSystem, a leading provider of business software solutions to businesses and accountants in Italy and Spain. As part of the transaction, a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and CapitalG, Alphabet’s independent growth fund, have entered […]

17 Aug 2023

Riverstone Energy planning 30% tender

Riverstone Energy has built up a cash balance of $123m and plans to use about $100m (£80m) of that to fund a tender offer. The company will buy back up to 13,840,830 shares at 578p per share. That is the equivalent of 30.4% of the company’s issued share capital. The tender price is equal to […]

17 Aug 2023

Board hits back again in ThomasLloyd Energy Impact dispute

Another day, another announcement in the dispute between board and manager of ThomasLloyd Energy Impact. Here is the board’s riposte to yesterday’s statement by the manager. The board of the company (the “board”) notes the announcement on 16 August 2023 by ThomasLloyd Group Limited (“TLG”) and its subsidiary ThomasLloyd Global Asset Management (Americas) LLC (the […]

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