AIC sector review To make it easier to compare similar funds, the Association of Investment companies (AIC) classifies its members into sector categories. To do this, it takes into account the aim and objective of the company and its investment policy. The idea is to allocate funds to sectors for the long-term and to avoid […]
Law Debenture will shift from the AIC’s global sector to the UK Equity Income sector. This forms part of a review of sectors by the AIC which we will tell you more about later. PME Africa’s results show its NAV falling to 15 cents from 21 cents – the fund had assets of just $3.7m […]
Hipgnosis buys catalogue from Dave Stewart – Hipgnosis Songs Fund has acquired a music catalogue from David A. Stewart. David A. Stewart is an English musician, songwriter, and record producer, best known for Eurythmics, his successful partnership with Annie Lennox. Hipgnosis has acquired 100% of David A. Stewart’s copyright interest in his catalogue, comprising 1,068 songs in […]
Baker Steel has announced details of its tender – a tender offer for up to 9,677,498 shares (about one share for every 12 issued shares) at a tender price of 51p per share. The price represents a premium of 10.9% to the closing bid price on 7 May 2019 and a discount of 10.2% to the […]
Civitas comments on BeST ruling – The Regulator of Social Housing issued a judgement on Bespoke Supportive Tenancies Limited (“BeST”), which provides accommodation for vulnerable adults from various client groups including adults with learning disabilities, physical disabilities, sensory impairment, mental health needs, mothers fleeing domestic abuse and adults who are homeless. BeST is one of the […]
Syncona’s Blue Earth gets good results in prostate cancer diagnosis – Syncona has a large stake in Blue Earth Diagnostics. Blue Earth has been testing its prostate cancer diagnosis at a university hospital in Germany. The test (a radiohybrid PSMA-targeted agent, rhPSMA-7) for high-risk primary and recurrent prostate cancer was bought by Blue Earth in […]
QuotedData’s other news 3 May 2019 Standard Life Investments Property Income reported an increase in its NAV for the first quarter of 2019 – up 0.1% to 91.1p, with the dividend that works out as a NAV total return of 1.4%. The benchmark fell over the period. A clutch of new lettings helped the company […]
Templeton Emerging offers performance triggered tender – Templeton Emerging Markets’s board has been consulting shareholders in advance of its continuation vote (scheduled for the AGM in July 2019). In response to the shareholder feedback received, the board has decided that, subject to the passing of the continuation resolution, it will introduce a five-year performance-related conditional tender […]
Downing Strategic Micro says underlying discount growing – the NAV per share dropped by almost 20% over the year to the end of February 2019. The shares moved from trading at a small premium to a small discount. There will be a dividend of 1.25p, payable from earnings of 1.5p. There are 13 companies in […]
BlackRock Smallers extends outperformance record – BlackRock Smaller Companies reports that its NAV return for the year to the end of February 2019 was -4.8%. However, the share price rose a little over the period, giving shareholders a return of 2.4%, and the dividend was increased by 20% to 31.2p. The benchmark (Numis Smaller Companies plus […]
