Tritax EuroBox buys a logistics facility near Frankfurt – Tritax EuroBox has bought a prime, modern logistics facility near Frankfurt in Germany for a total consideration of EUR50.6 million, reflecting a net initial yield of 4.75%. This is a new, well specified, purpose-built facility has a gross internal area of c.43,000 sqm, an eaves height of […]
Trian Investors 1 invests in Ferguson – Trian Investors 1, which was set up to invest in a single stock and engage with stakeholders to improve the stock’s value, has finally made its move, acquiring a stake in Ferguson. Funds managed by Trian Fund Management, L.P. and Trian Investors Management, LLC, including the fund through […]
Syncona to step up capital deployment after great year – Syncona has announced a whopping 37.9% return on NAV for the year ended 31 March 2019. It has transformed its portfolio so that life sciences investments now account for £1.06bn of the fund’s £1.46bn NAV. Some highlights: foundation of three highly innovative portfolio companies OMASS Therapeutics […]
In QuotedData’s other news 13 June 2019 – Augmentum Fintech made follow on investments totalling £8.5m in three of its portfolio companies – Tide, Monese and Duedil. BBGI has topped up its investment in the A1/A6 road project in the Netherlands. The project was part of the Schiphol-Amsterdam-Almere expansion and involved the reconstruction and widening of a […]
John Laing Environmental Assets has released results for the year ended 31 March 2019. Over that period, the NAV rose from 99.6p to 104.7p; the trust met its 6.51p dividend target and announced a 6.66p target for the current financial year. The dividend was covered 1.2x by cash flow generated by the portfolio. The chairman […]
Edinburgh board sticking by Mark Barnett – Edinburgh Investment Trust generated a 2.9% return on NAV over the year ended 31 March 2019, 3.5% behind the return on the All-Share Index. The return to shareholders was 4.6%, aided by a small narrowing of the discount to 7.6%. The dividend for the year is 28p, up 5.3% […]
Monks outperforms again as Douglas McDougall bows out – Monks beat its benchmark over the year to the end of April 2019, returning 12.0% in NAV terms against 11.7% for the World Index. The share price total return for the same period was 12.7%. A single final dividend of 1.85p is being recommended, compared to 1.40p last year. […]
Lindsell Train reiterates premium health warning – Lindsell Train has published results for the year ended 31 March 2019. The company uses “The annual average running yield on the longest-dated UK government fixed rate bond (currently UK Treasury 3.5% 2068) calculated using weekly data, plus a premium of 0.5%, subject to a minimum yield of 4.0%.” […]
In QuotedData’s other news 12 June 2019 – Picton Property Income plans to raise money via a placing of shares at 94.5p, a discount of 2.4% to the closing share price on 11 June 2019 and a premium of 1.9% to the last reported EPRA NAV as at 31 March 2019 of 92.7p. The money will be used […]
Hipgnosis buys catalogue from Sam Hollander – Hipgnosis Songs Fund Limited has acquired a music catalogue from Sam Hollander, an American songwriter and producer whose songs have achieved 10 number 1, 47 top 5 and 74 top 10 chart positions globally. Sam Hollander has co-written multi-platinum certified hit songs for Fitz and the Tantrums, One Direction, […]
