Phaunos Timber Fund Limited has announced its audited results for the year ended 31 December 2016. It made a net profit of US$18.3 million for the year compared to a net loss of US$10.5 million in the prior year. Total net assets now stand at US$301.3 million so that the NAV per share increased from US$0.49 as at […]
Civitas Social Housing PLC has completed the purchase of a portfolio of regulated social housing for a total consideration of GBP3.5 million, comprising the freehold interest in 3 supported living properties, with 13 tenancies, in the West Midlands and South East of England. The portfolio is immediately income generating with an initial net yield of […]
The Kennedy Wilson Holdings Board (KW) and the Independent Committee of Kennedy Wilson Europe (KWE) are pleased to announce that they have reached agreement on the terms of a recommended all-share merger. Eeach KWE Scheme Shareholder will be entitled to receive: 0.667 New KW shares for each KWE share. Based on the closing price of US$22.50 per […]
Lxi REIT has acquired the Cambridge Belfry Hotel at Cambourne, Cambridge. The purchase price for the Property is GBP18.53 million, reflecting a net initial yield of 6.1% on the asset acquisition (net of acquisition costs). The property is fully let to Marstons Hotels Limited and guaranteed by its parent, QHotels Holdings Limited. QHotels is a […]
Woodford Patient Capital says that 2016 was a challenging year, with its net asset value declining modestly from 97.37p to 93.24p. Meanwhile, the share price moved from a 3.7 per cent premium to net asset value at the end of 2015, to a slight discount of -2.4 per cent at the end of the period, […]
Vietnam Enterprise Investments (VEIL) had a great 2016, its NAV rising 22.98%, outperformed the VN Index by 5.7%, despite a flurry of market-boosting new listings and the outlier performance of index heavyweights Faros (“ROS”, +791.7%, 3.3% of VN Index) and Sabeco (+51.5%, 8.5% of VN Index). This was VEIL’s best relative performance against the VN Index […]
Caledonia Mining’s Blanket gold mine, in Zimbabwe, produced 12.8koz of gold in Q1 2017, an 18% increase on Q1 2016. Production continues to be supported by access to resources below the 750m level through the development of a second decline into the AR Main ore body as well as through the current decline at AR […]
GCP Infrastructure – funding for Green Investment Bank – The Board of GCP Infrastructure notes the announcement by Macquarie Group today in respect of its acquisition of the UK Green Investment Bank. The Board confirms that the company has entered into a conditional, binding commitment with a Macquarie-owned entity to subscribe for a series of loan […]
In August 2015, SQN agreed a 5 year financing arrangement with a US solar cell manufacturing company (not named by SQN but almost certainly Suniva) that was secured against its manufacturing and production equipment and supported by a parental guarantee from a public company. In the NAV as at 28 February 2017, being the last published […]
Reconstruction Capital II says that the Top Factoring Group has been acquired by Intrum Justitia AB. Accordingly, RC2 received yesterday a total of EUR 12.83 million (after the repayment of Glasro’s bank debts), and is due to receive a further EUR 0.28 million on 4 May 2017. Accordingly, the Company will have received a total […]
