SQN Secured Income appoints managing director – Dawn Kendall has been appointed as managing director of SQN Asset Management Ltd, the UK Manager of the SQN Secured Income Fund PLC. Dawn joins SQN from TwentyFour Asset Management where she was a partner, portfolio manager and a member of the executive committee. She started her career […]
Biotech Growth lags benchmark but shareholders still make 28%. Biotech Growth says that it produced a good return in absolute terms for the year ended 31 March 2017. The net asset value per share rose by 27.5% during the year, which compares with the benchmark, the NASDAQ Biotechnology Index (sterling adjusted), which rose by 29.2%. As […]
Alpha Real gets planning for its Monk Bridge site in Leeds. Planning has been obtained at the monthly planning committee for Leeds City Council in respect of the Company’s Private Rented Sector (“PRS”) development site at Monk Bridge in central Leeds. Detailed planning was obtained for 307 PRS flats in three buildings over 180,049 square feet […]
Syncona up on drug approval – on Wednesday 23 May, Syncona announced that Blue Earth Diagnostics had received confirmation of approval of its product AxuminT (fluciclovine (18F)) (“Axumin”) by the European Commission. This follows the announcement on 24 March 2017 that the Committee for Medicinal Products for Human Use had made a positive recommendation for […]
Caledonia’s net asset value per share total return was 18.0% for the year ended 31 March 2017, following 2.6% for the previous year. All four of its investment pools produced double digit returns. Investment income for the year was GBP47.3m, a fall of GBP3.4m compared with the unusually high level of the previous year. Additionally, following […]
As TR Property announces its full year results for the year ended 31 March 2017, Hugh Seaborn, its chairman, commented: “I’m pleased to report another solid year of performance from the Trust. The Board are particularly pleased to announce a final dividend of 6.4p which brings the full year dividend to 10.5p, a 25.7% increase on […]
River & Mercantile Micro Cap is handing back cash as assets hit £117m. On 16 January 2017, the Board reminded shareholders that, were the company’s net asset value to grow in excess of GBP100m, the directors intended to operate a redemption mechanism under which a portion of share capital may be redeemed compulsorily so as […]
HICL Infrastructure forecasts dividends out to 2019 as it announces results for the year ended 31 March 2017. Highlights for the year ended 31 March 2017 Portfolio performance exceeded expectations during the year NAV per share as at 31 March 2017 of 149.0p, up 4.8% from 142.2p as at 31 March 2016 Total shareholder return […]
Great Portland Estates results for the year to 31 March 2017 have been released and, while NAV fell, earnings were up. The chief executive acknowledges the short-term challenges facing the capital but says that, in the long-term, London is one of only a handful of truly global cities. Valuation lower – driven by yield expansion in […]
Apax Global Alpha, a fund in the AIC’s private equity sector, has made a number of announcements this morning. Apax Global Alpha commits to Digital Fund It is committing US$50m to a new fund, Apax Digital Fund. The Apax Digital platform will aim to pursue a balanced portfolio of growth buyout and growth equity investments in technology companies globally. […]
