Aberdeen New India flat result belies turbulent year – For the year ended 31 March 2018, Aberdeen New India’s NAV rose by 0.4% to 490.0p as compared to the benchmark MSCI India Index which fell by 1.7% (both in Sterling terms). However, the share price fell by 3.5% to 426.0p reflecting a widening of the discount to […]
Leaf gets payment from Invenergy – On June 14, 2018, the Delaware Court of Chancery entered its final order and judgment. The trial court’s final order entered judgment in Leaf‘s favor on Invenergy’s counterclaim seeking a declaration that Leaf had breached certain provisions governing Leaf’s ability to put its shares, and Invenergy’s ability to call those […]
BlackRock Emerging Europe will wind up – BlackRock Emerging Europe says that 21,821,195 ordinary shares were validly tendered under its tender offer, representing approximately 60.75% of its issued share capital. The remaining assets of the company would be approximately GBP48 million, which is below the minimum level which the Board deems necessary for the company to continue. The […]
Hg Capital invests in IT Relation – Hg, the Manager of HgCapital Trust, has announced an investment in IT Relation, a leading Danish supplier of managed IT services to small and medium sized enterprises (SMEs). The terms of the transaction were not disclosed. HgCapital Trust plc will invest approximately GBP16.0 million in IT Relation, with other […]
Primary Healthcare Properties buys Swindon medical centre – Primary Health Properties has acquired the Moredon Medical Centre (net assets acquired GBP6.1 million), a standing let investment property situated in Moredon, Swindon. The property comprises of a modern, purpose built 1,446 m(2) medical centre which is fully let to the Moredon Medical Centre Partnership, receiving rent […]
Phaunos board urges shareholders to take no action – Talking about the announcement made on 5 June 2018 by Stafford Capital Partners Limited, regarding a possible cash offer for Phaunos Timber, Phaunos’ board re-iterates its commitment to balance maximising the value from the company’s investments with making timely returns of capital to shareholders. At the Annual […]
LMS Capital sells Penguin Computing – LMS Capital says that San Francisco Equity Partners Fund 1 has received proceeds from the sale of its investment in Penguin Computing, Inc. Penguin supplies enterprise and high performance computing and cloud computing solutions, principally in North America. LMS owns its interest via its holding in San Francisco Equity […]
VinaLand will hand back $54m after another housing project sold – VinaLand Limited will make a distribution of USD0.33 per ordinary share. The distribution of approximately USD53.9 million in total will be returned equally to all shareholders, the pay date is Thursday 28 June 2018. Sale of Aqua City Project In addition, VinaLand has announced the sale of its […]
Triple Point Social Housing adds six properties – Triple Point Social Housing REIT has exchanged contracts to acquire six properties, comprising 27 units, for an aggregate commitment of GBP4.4 million (excluding costs) of these, four were subject to simultaneous exchange and completion (totalling GBP1.8 million). The properties are located in East Anglia (3 units), the […]
Investment Trust Insider on ICG Enterprise James Carthew: the perverse discounts on private equity Some of the discounts in private equity investment trusts look perverse given the high prices they are achieving on the sale of mature portfolios. The listed private equity market has become cluttered with trusts suffering a slow death. Some of these […]
