Oakley Capital Investments says that Oakley Capital Private Equity III has completed a deal to acquire the assets and operations of Plesk, at an enterprise value of $105 million, as a carve out from the Parallels Group. Fund III has invested $27.4 million for a 51% controlling stake in the business. The company’s indirect contribution […]
Custodian REIT has acquired a 22,663 sq ft retail warehouse on Southbrook Retail Park, Gloucester, near the town centre and within three miles of the M5. The site comprises two units occupied by Magnet and Smyths Toys, with nearby retailers including Halfords, B&M Bargains, Lidl, The Range and McDonalds. The units’ leases expire on 9 […]
Central Asia Metal’s Kounrad copper operation, in Kazakhstan, is now recovering the metal from the Western dumps on the property. In April, the company applied the first acid through an extensive drip irrigation system to an initial leach area on its dump 22 and when QuotedData visited the site last week we observed pregnant leach […]
Wolf Minerals reports that during the March quarter it implemented significant equipment changes and modifications in the processing plant at its Drakelands tungsten/tin mine, in Devon. These modifications have resulted in improvements in ore throughput rates in the plant and in the grade of tungsten concentrate being produced. In addition, open pit mining operations are […]
P2P Global’s board say that “2016 was a year of significant challenges, both for the company and its markets. The Board of the company has announced a review of its investment management arrangements, following a year of disappointing performance both on dividend yield and share price. The Board expects to update shareholders on the outcome […]
VPC Speciality Lending says its total NAV per share return was 0.85% for 2016. They declared dividends of 6.00 pence per ordinary share. Declared dividends were below the 8.0% targeted at the time of the IPO, with the underperformance being largely attributable to lower-than-expected returns from the company’s marketplace loan investments, due to higher-than-expected loss […]
Honeycomb Investment Trust says that, following the initial share issue of GBP100.0 million, there have been two further successful share offerings with total gross proceeds of GBP100.0 million. The net share proceeds of all the share offerings have been deployed, with the latest gross proceeds of GBP50.0 million largely deployed on 13 January 2017 following […]
Third Point Offshore Investors Limited has announced its full year results for the twelve months ended 31 December 2016. The net asset value appreciated 6.1% for the U.S. Dollar and 5.6% for the Sterling share classes, respectively, in 2016. They say that performance was driven primarily by positive returns in the Master Fund’s corporate and sovereign credit positions. Gains […]
Wee-Li Hee, the lead portfolio manager for The Scottish Oriental Smaller Companies Trust , is due to return from maternity leave in July. In discussion with the First State Stewart Asia management team and the Board of Scottish Oriental, Wee-Li has expressed a preference to step back from lead portfolio manager responsibility for the Company. […]
Aberforth Geared Income has reached agreement in principle with Aberforth Split Level Income Trust plc (ASLIT) on the outline terms of the reconstruction and winding-up of the company, expected to become effective on 30 June 2017, under which ASLIT will act as a rollover option for investors in the company. ASLIT will be a new split […]
