Shaftesbury PLC, the West End-focused Real Estate Investment Trust, announces that Westminster City Council’s Planning Committee yesterday evening resolved to grant consent for the Group’s application to reconfigure and extend 57 Broadwick Street, Carnaby, a prominent building at the eastern gateway to Carnaby. Their scheme for the building, which was acquired in March 2014, provides […]
London metals consultancy, GFMS, believes that gold prices are set for a gradual recovery in 2016 to over US$1,200/oz by year end. Thus far in 2016, the gold price, in US dollars, has climbed to almost 3-month highs as political tension and fears over the world financial system have led to buying interest in the […]
Aberforth Smaller Companies has published its results for the year ended 31 December 2015 (pretty fast!), over 2015 the net asset value total return was 10.2%, more or less matching the 10.6% return posted by the Numis Smaller Companies (excluding investment companies) Index that the fund uses as its benchmark. The share price return was […]
Better Capital’s 2012 pool has increased its investment in CAV Aerospace. They say CAV, working with its key stakeholders, has been able to take steps to release a significant amount of previously tied-up working capital and to make important operational changes which should lead to improved performance. In order to achieve the above, the General Partner […]
Debt funds dominated new launches in the investment trust space last year, accounting for 40 per cent of new funds. Research from QuotedData found that 10 of the 25 investment companies launched in 2015 were in the debt sector, following the popularity of the online lending market. https://www.fundstrategy.co.uk/debt-funds-dominate-investment-trust-launches/
Global Resources Investment Trust is raising cash by making a firm placing of 270m shares at 2p per share (195m of which are being issued to Primestar (see below) and 75m to RDP Fund Management (GRIT’s fund manager). Shareholders will be able to subscribe for 15m shares at 2p in an open offer plus up […]
Hummingbird Resources plc has followed up its maiden reserve estimate (see 15 December 2015) at its 85%-owned, Yanfolila gold project, in Mali,with a positive definitive feasibility study (DFS). The DFS is based on the progressive mining of five open pits to feed ore to a 1.24 Mt/y gravity and carbon-in-leach (CIL) plant which, with an average […]
Investment trust discounts tightening The median discount to net asset value (NAV) for investment trusts narrowed over 2015 from 7.5 per cent to 6.6 per cent, reports research company QuotedData, despite last year’s market volatility… http://www.investorschronicle.co.uk/2016/01/21/funds-and-etfs/investment-trusts/investment-trust-discounts-tightening-KAUxruI6hfHsZJAGEbL7iP/article.html
FastForward continues to build its portfolio, announcing today a $1m purchase of a 9.1% stake in Vested Finance Inc., an education technology provider trading under the brand “Schoold”. Vested Finance is the developer and owner of the “Schoold” mobile technology application, a big-data driven College & career counsellor App focused on higher education and career options […]
Bluefield Solar has secured an amended credit facility agreement and has made six acquisitions (three of which were announced in December). The six additional solar photovoltaic plants have an energy capacity totalling 104.5 MWp. The total consideration is £149m, including transaction costs, debt costs and working capital and they are using their new credit facility to fund this. The new credit […]
