International Public Partnership says Carillion hit was just £1.5m – International Public Partnership has released results for the year ended 31 December 2017. Highlights are: Net Asset Value (‘NAV’) growth to GBP2.0 billion (2016: GBP1.6 billion) translates into NAV per share growth to 145.0 pence (2016: 142.2 pence). They say that this reflects steady progression […]
Empiric Student Property NAV slips on over distribution – Over the course of 2017, Empiric Student Property’s EPRA NAV fell from 106.2p to 104.5p. The portfolio value at 31 December 2017 was £890.1m. EPRA earnings per share rose from 0.4p to 0.7p, still well short of the 5.55p of dividends that they declared (and their 6.1p target) and this hit […]
Real Estate Investors seeing HS2 related demand – Real Estate Investors has published results for the year ended 31 December 2017. Highlights are: EPRA NAV per share of 68.9p (2016: 66.2p), up 4.1% EPRA EPS 3.3p (2016: 2.8p), up 17.9% Pre-tax profits at GBP11.3 million, up 37.8% Record underlying profit before tax of GBP6.2 million, […]
NewRiver REIT signs development agreement – NewRiver has been appointed by Basingstoke and Deane Borough Council as its nominated developer to bring forward the risk-controlled redevelopment of a 66 acre leisure park in a prominent location in Basingstoke in close proximity to junction 6 of the M3 motorway. Capitalising on the growing popularity of integrated […]
WPCT should see benefit on Oxford Nanopore fundraising Neil Woodford-managed Woodford Patient Capital Trust (WPCT) has finally generated something positive for its long suffering investors, with the fund likely to be able to take a roughly £8m fair value gain on its holding in Oxford Nanopore, following a new £100m fundraising by its UK-based investee […]
Hansteen releases results after busy year – Hansteen has released results for 2017. Highlights are: EPRA NAV per share of 130.6p after return of capital at 11.1p premium to 31 December 2016 EPRA NAV of 128.9p Adjusted EPS was 6.9p (FY 2016: 6.7p) IFRS profit increased by 86.6% to GBP204.3 million (FY 2016: GBP109.5 million) […]
Investment Trust Insider on battery storage James Carthew: the economics of storing energy in batteries Two weeks ago when I wrote about Bluefield Solar Income Fund (BSIF) I referred to a couple of new solar power plants that planned to operate without government subsidies by augmenting their revenue with the aid of battery storage plants. […]
Sherborne ends speculation, takes Barclays stake – this morning, Barclays PLC has announced that Sherborne controlled entities (notably Sherborne Investors (Guernsey) C Limited) have acquired voting rights over 5.16% of its issued share capital. Barclays says that it will continue to engage with Sherborne, and welcomes them as a shareholder. Sherbone has released an announcement […]
Princess sees remarkable contraction in its discount over 2017 – In 2017, Princess Private Equity’s net asset value ended up at EUR10.73 per share, an increase of 5.6% for the year. Princess paid dividends totalling EUR 0.56 and this contributed to an NAV total return of 11.2%. The chairman says that the performance of underlying portfolio companies […]
Klepierre made bid approach to Hammerson – Klépierre has confirmed that “on 8 March 2018, Klépierre made a proposal on a non-adversarial basis to the board of Hammerson with the intention of engaging in a constructive dialogue regarding a possible offer to acquire the issued and to be issued share capital of Hammerson on a […]
