Tufton Oceanic invests US$12.9m in a Handysize Bulk Carrier – Tufton Oceanic Assets (SHIP) has agreed to acquire a Handysize Bulk Carrier for $12.9m. What is a Handysize Bulk Carrier? Handysize is a naval architecture term for smaller bulk carriers or oil tanker with deadweight of up to 50,000 tonnes. Their small size allows Handysize vessels to enter […]
Gore Street makes its two further energy storage investments- Gore Street Energy Storage Fund (GSF) has announce the acquisition of two additional UK energy storage projects with a combined installed capacity of 19 MW. This is Gore Street’s first investment following the acquisition of the two seed assets in June 2018 and the successful IPO of the fund on 25 May […]
PRS REIT buys two sites and agrees to buy a further three – The PRS REIT (PRSR) has announce that it has acquired a development site for the construction of 145 new family rental homes, with a gross development cost of c. £15.2m, and purchased a newly-completed Private Rented Sector (PRS) site, comprising 63 family homes for c. […]
BioPharma Credit extends loan to Amicus – BioPharma Credit (BCPR) has entered into a $150m, five-year loan agreement with Amicus Therapeutics, a US-based biotech focused on rare disease. The senior secured loan will have a 2.0% additional consideration and bears interest at Libor plus 7.5% subject to a floor of 1% and certain caps. The loan is interest […]
SQN Secured Income Fund – strategic review “paying dividends” – The annual report for SQN Secured Income Fund (SSIF) for the 12 months to 30 June 2018 has been released. The NAV and share price of the company (on a total return per share basis) rose by +5.4% and fell by -0.5% respectively. The foreign exchange exposure on non-Sterling assets (24.62% […]
Aberdeen Frontier Markets held back by Pakistan holdings – Aberdeen Frontier Markets (AFMC) has reported its annual report for the year ended 30 June 2018. In his statement, the chairman noted that absolute and relative performance was disappointing during the year. The company’s NAV per share and share price total returns in US dollars were -10.3% and -12.0%, respectively. This performance compared to a gain of 1.7% for the reference benchmark, […]
Stafford tops up Phaunos bid but is it enough? – we have a new development in the ongoing saga that has enveloped Phaunos Timber Fund. In response to the announcement of a potential new offer for the trust from Catchmark Timber, Stafford Capital Partners have upped their bid to $0.52 per share. This is still well short […]
Triple Point Social Housing joins the queue for extra cash – Triple Point Social Housing REIT has just published its interim accounts. Things seem to be on the right track, it has announced that its EPRA NAV has risen to 101.61p (as at the end of June 2018) from 100.84p (as at the end of 2017) and […]
Hansteen and Warehouse REIT deal collapses – Warehouse REIT has announced that the parties have been unable to agree terms and consequently the discussions have been terminated. As a result of the company not proceeding with the transaction, trading in Warehouse REIT’s shares on AIM is expected to be restored today. Hansteen‘s comment is just as terse. [QD […]
Augmentum Fintech buys Monese stake – Augmentum Fintech has announced an investment of GBP5.3 million in UK based fast-growing mobile-only current account provider Monese. Augmentum is participating in this GBP46 million Series B fundraising alongside Kinnevik, PayPal and Avios, all of whom are investing in Monese for the first time. Monese (www.monese.com) launched in September 2015 as the […]
