Jardine and Samsung help Aberdeen New Dawn outperform. Aberdeen New Dawn says its net asset value (“NAV”) total return for the year was 39.0%, ahead of the total return of 36.4% from the MSCI All Countries Asia Pacific ex Japan Index. The share price total return was 38.8%, with the share price of 212.0p at the […]
BP Marsh buys New York based insurance distribution company, XPT. B.P. Marsh & Partners has invested $6,000,000 into a New York based specialty lines insurance distribution company. Following recent press speculation, the company is pleased to announce further details concerning this new venture. B.P. Marsh has subscribed for a 35% shareholding in the New York […]
Utilico Emerging lags rising global emerging index as shareholders trail MSCI return by 12.2%. Utilico Emerging has announced an NAV total return (adjusted for the exercise of subscription shares) of 26.2% for the full year to 31 March 2017. However, someone who just held the ordinary shares and no subscription shares would have made a […]
John Laing Environmental extends credit facility for a further year – John Laing Environmental Assets, the listed environmental infrastructure fund, has signed a new three-year (with an uncommitted option to extend for a further year) facilities agreement which provides for a committed revolving credit facility of GBP130 million and an uncommitted accordion facility of up to […]
Polar Capital raises £59.4m for Healthcare Trust. Results of the Open Offer, Offer for Subscription and Initial Placing of New Ordinary Shares New ordinary shares will be issued under the initial placing at 213.8p, (this price is calculated as the prevailing Net Asset Value as at the close of business on 15 June 2017 plus the Placing […]
HgCapital invests in business messaging service, Esendex – HgCapital, the Manager of HgCapital Trust, has today announced an investment in Esendex, a leading provider of mission-critical business messaging services across Europe. On completion of the transaction, Esendex will be merged with existing Mercury portfolio company Mobyt, which provides similar business messaging services in Italy and France. […]
Ranger’s board makes some policy changes, manager commits to reinvesting part of fee and update on Princeton. Ranger Direct Lending Fund has been informed by Ranger Alternative Management II LLP (the “Investment Manager”) that it intends to utilise part of its management fee to acquire ordinary shares in the market in order to demonstrate its […]
Power price recovery boosts John Laing Environmental NAV – John Laing Environmental says its NAV at 31 March 2017 was 100.1p, up from 96.7p at 31 March 2016. They say that the increase in NAV per share was due primarily to the increase in both short-term electricity prices and forecasts for longer-term prices during the year […]
UK Commercial buys Sheffield office from Ediston – UK Commercial Property Trust has acquired a single let, Grade A office building in Sheffield, from Ediston Property Investment Company for GBP20,165,000, reflecting a net initial yield of 5%. The asset is let to Capita Business Services Limited, which is part of Capita plc, on a lease with […]
Custodian REIT buys Next distribution unit – the company has acquired a 69,922 sq ft distribution unit on Eurocentral, Scotland’s leading mixed-use business park on the M8 arterial route between Glasgow and Edinburgh. Nearby occupiers include DHL, Warburtons, Argos, Wincanton, Norbert Dentressangle and Morrisons. The unit is let to Next plc on a lease expiring […]
