Global Resources writes up Bougainville gold investment – Early this year, Global Resources Investment Trust completed an A$1,250,000 investment in Kalia Holdings Pty Ltd, a private Australian company that is the parent company of a Papua New Guinean registered subsidiary Kalia Investments Ltd. Kalia Investments Limited holds contractual rights to explore for minerals and develop […]
JPMorgan Mid Cap unloved despite beating benchmark – JPMorgan Mid Cap reported a total return on net assets of 30.4%, compared with the benchmark total return of 21.5% for the year ended 30 June 2017. However, the total return to shareholders was 23.4%, reflecting a widening by 5.1 percentage points of the discount which the chairman […]
Large cap focus restrains City of London – City of London Investment Trust has published results for the year ended 30 June 2017. Its returns fell behind those of peers and index benchmarks over the period. City of London’s net asset value total return was 14.5% which was 3.3% behind the size weighted average over […]
Warehouse REIT buys four industrial estates from Hansteen – Warehouse REIT says that, following its admission to AIM on Wednesday 20 September 2017, the board has announced its first pipeline acquisitions, which follows the initial Tilstone Portfolio purchase for GBP108.85 million. The pipeline assets described in the prospectus included four multi-let industrial estates in England which […]
Safestore buys Stork Self storage – Safestore Holdings plc has announced the acquisition of Stork Self Storage (Holdings) Limited (trading as Alligator Self Storage) for GBP56m. Highlights Exchanged contracts to acquire Stork Self Storage (Holdings) Limited (“SSSHL”), the eleventh largest self-storage portfolio in the UK with 12 stores. Consideration of GBP56m (subject to a potential working […]
Central Asia Metals (CAML) is extending the range and size of its base metal production through the proposed US$402.5m acquisition of Lynx Resources, owner of the Sasa zinc/lead mine, in Macedonia. CAML is funding the acquisition through a combination of debt (US$187m) and equity (US$195.5m). Sasa is owned by Lynx Resources, a company set up […]
Good news for SQN as Suniva wins trade case – SQN Asset Finance Income Fund Limited has published an update on its announcement on 19 April 2017 with regard to SQN’s holding in Suniva Inc., the U.S. based solar cell and module manufacturer. In August 2015, SQN entered into a 5-year financing arrangement with Suniva that was […]
Significant progress for Adamas Finance Asia – Adamas Finance Asia has reported interim results for the six months ended 30 June 2017. Highlights: Net loss of US$1.03 million (H1 2016: US$454,000 Unrealised fair value gain on asset portfolio of US$337,000 (H1 2016: US$280,000) Consolidated loss per share of US$0.54 (H1 2016: US$0.24) Consolidated NAV at […]
Impact Healthcare REIT on track – Impact Healthcare REIT, which has just published some figures covering the period from launch to end June 2017. They raised £160m from investors in March 2017 and started trading on 7 March 2017. The chairman says that, at the period end, they had invested the majority of the net […]
CatCo updates on Hurricane Harvey Update 21 September 2017 The manager has published an NAV for 31 August 2017 of $1.2507. This includes a 6% reduction for the potential effect of Hurricane Harvey. Nothing has yet been accrued for Irma or Maria. The impact of Hurricane Irma will be assessed when setting the 30 September […]
