Greencoat UK Wind takes stake in Tom nan Clach wind farm, its first CFD-subsidised project – Greencoat UK Wind has entered into an agreement to acquire Belltown Power’s 75% stake in Tom nan Clach wind farm for a headline consideration of GBP126 million (including share of project finance debt). Tom nan Clach is located in Nairnshire, Scotland, […]
Pacific Horizon reports on positive year – Pacific Horizon Investment Trust reports that, in the year to 31 July 2018, its NAV total return was 13.6%. During the same period the MSCI All Country Asia ex Japan Index total return was 6.0% in sterling terms. The share price total return was 26.9% and the shares ended the […]
Civitas adds another three properties – Civitas Social Housing PLC has announced the purchase of three specialist supported living properties for a total consideration of £8,064,109, comprising 42 tenancies. The properties are leased to Falcon Housing Association C.I.C. (“Falcon”) and Inclusion Housing C.I.C (“Inclusion”) both of which are regulated by the Regulator of Social Housing and is a counterparty […]
Target Healthcare REIT cuts fees – Target Healthcare REIT has published results for the year ended 30 June 2018. Highlights EPRA NAV per share up 3.7% to 105.7p (2017: 101.9p) translating into an NAV total return of 10.5% (2017: 7.8%) EPRA earnings per share up 8.5% to 5.25p (2017: 4.84p) Dividend increased by 2.7% to 6.45p (2017: 6.28p) Dividend […]
Electra to make anther distribution – Electra has announced an agreement for the sale of its larger non-controlled assets, Photobox and Knight Square at 103% of adjusted 31 March 2018 carrying value and the outcome of the third phase of its strategic review. There will be a general meeting on 30 October 2018 to consider the adoption of […]
Catchmark will not bid for Phaunos – Stafford bid now the only one on the table. “Further to the announcement by CatchMark Timber Trust, Inc. (“CatchMark” or the “Company”) on 6 September 2018, CatchMark announces that, following discussions with the Board of Phaunos, it does not intend to make an offer for Phaunos. As a […]
Murray Income hurt by Provident Financial profit warning – Murray Income reports that, over the year ended 30 June 2018, it returned +3.9%, which the board considers to be disappointing when compared to the All-Share Index return of +9.0%. The chairman’s report says that performance attribution analysis shows that UK sector allocation accounted for about three […]
Lazard World Trust Fund lost continuation vote – The board of Lazard World Trust Fund has announced that at the Annual General Meeting held yesterday at 3:00 p.m. (Luxembourg time), all resolutions were duly passed with the exception of Resolution 1 (the approval of the continuation of the company). As Resolution 1 has not been passed, it […]
Woodford Patient Capital writes up value of Industrial Heat – Woodford Patient Capital has added 8p to its NAV by writing up the value of Industrial Heat by 357%. This is now valued at $112.9m, which represents an increase of 8.02p per share of WPCT compared to the NAV published on Thursday 20 September 2018, […]
Polar Capital Technology helps New Star beat its benchmark – New Star Investment Trust has announced results for the year ended 30 June 2018. It delivered an NAV return of 6.5% which compares to 4.9% for the IA Mixed Investment 40% – 85% Shares (on averahe) and 9.5% for the MSCI AC World Index. A dividend of 0.8p […]
