Martin Currie Asia Unconstrained falls on its sword – The board of Martin Currie Asia Unconstrained has decided that it sees little prospect of any significant improvement in the key issues affecting the its discount. As a result, the board has concluded that it needs to do something. The board feels that, because the shareholders voted […]
Fidelity China board introduces discount target after year of poor performance – Fidelity China Special Situations has published results covering the year ended 31 March 2019. It wasn’t a great year for the trust, which saw an NAV total return of -5.3% as compared to a benchmark (MSCI China) return of 0.9%. The share price […]
In QuotedData’s other news 5 June 2019: RDI REIT has refinanced its London Serviced Office portfolio with a new GBP75.0 million financing facility provided by Aberdeen Standard Investments for a seven-year term. To be used to refinance two existing facilities maturing in December 2019 and August 2022 Value & Income NAV return for year ended 31 March […]
Workspace hikes dividend by 20% – Workspace Group has published results covering the year ended 31 March 2019. Over the year the EPRA NAV rose by 4.7% to 1086p and its adjusted diluted earnings per share rose to 40.6p from 36.8p. The dividend has been increased by 20% to 32.87p. Other highlights include: Net rental […]
Symphony International backs Soothe Healthcare – Symphony International Holdings Limited has invested in Soothe Healthcare Private Limited, a company that manufactures and distributes feminine hygiene products under the Paree and Pariz brand names predominantly in India. www.soothehealthcare.com/products/ Soothe was founded by Sahil Dharia in 2012 and operates within the fastest growing fast-moving consumer goods (“FMCG”) market […]
Gore Street fundraise backed by NTMA – Gore Street Energy Storage Fund has entered into agreements to acquire a controlling interest in a 160 MW portfolio of projects in Northern Ireland and the Republic of Ireland. To fund these and a further pipeline of deals, the company plans, by way of an institutional placing, offer for […]
John Laing team on the move – Environmental Assets little affected. The board of John Laing Environmental Assets Group has announced a change of investment adviser – from John Laing Capital Management (“JLCM”) to Foresight Group CI Limited, which is expected to be effective from 1 July 2019. Increased resources, same fees John Laing Group […]
Woodford: implications for Patient Capital Dealing has been suspended on LF Woodford Equity Income, the £3.7bn open-ended flagship fund managed by Neil Woodford. It seems likely that a substantial proportion of that fund will be redeemed and it may be closed. Woodfod Patient Capital holds many investments in common with the open ended fund. If […]
Renewables Infrastructure invests in German North Sea Wind – The Renewables Infrastructure Group has exchanged contracts to acquire a 25% indirect equity interest in Gode Wind 1, a 330MW offshore wind farm, located in the German North Sea. The project has established a strong track record since operations commenced in February 2017 and benefits from an attractive […]
Ceiba trading statement reflects Trump bluster – One of the many fights that Trump is picking with the rest of the world is with Cuba, where a gradual warming of relations under Obama has turned decisively frosty. As announced on 29 May 2019, Ceiba’s NAV at 31 March 2019 was US$1.5073 (31 December 2018 audited NAV: […]
