Vast Resources plc has concluded an agreement that will see a US family office invest £5 million in the company to enable it to progress its Romanian projects. Vast has issued 156.25 million new share units (including 156.25 million warrants) at a price of GBp0.8 per share to the investor for the first tranche of […]
The Board of The Renewables Infrastructure Group has announced it will buy a portfolio of French solar assets. An agreement has been reached between Renewables Infrastructure and Akuo Energy Group for an investment in a portfolio of 15 operating (brownfield) French solar photovoltaic (PV) projects. Akuo is one of France’s leading independent renewable energy producers. The deal comprises the […]
The Board of Phaunos Timber Fund has announced the sale of 100% of the equity shares of Green Nature Forestry Company Limited for USD 2.85m. The sale includes properties owned by Green China (Jiangxi) Forestry Company Limited, a wholly owned subsidiary of GNFC established in Nanchang, Jiangxi, China comprising of approximately 58,000 mu or 4,000 ha of […]
Grainger, the UK’s largest listed residential landlord, has announces that it has exchanged contracts with Turbo Group Holdings Limited, an entity owned by Patron Capital Partners and Electra Private Equity plc to sell its Equity Release Division (“Retirement Solutions”), with completion anticipated on or before 30 May 2016, subject to Turbo gaining regulatory approval from […]
Aurora Russia is selling its last investment, a minority interest in Unistream Commercial Bank. They expect to get total proceeds of $4.975m in cash and believe the sale process will be completed by no later than 31 December 2015. Following the disposal of Unistream, the Board intends to consider proposals to hand back the cash proceeds in a cost […]
Black Sea Property says it has been advised that the acquisition of properties that it is considering would not satisfy AIM that it was implementing its investment policy. The effect of this is that the company will have its admission to listing cancelled on 16 January. The Board are mulling their options and will shortly […]
JPMorgan Chinese has published results for the year ended 30 September 2015 that show that discount widening resulted in a -7% return to shareholders despite the NAV return coming in at -0.2%, very close to the performance of the MSCI Golden Dragon Index of 0.0%. There is a dividend of 1.8p up from 1.6p last […]
Over the year to the end of September 2015, Schroder UK Mid Cap Fund’s net asset value produced a total return of 8.2%, compared to a total return of 12.7% for its benchmark, the FTSE 250 (ex-Investment Companies) Index. The share price produced a total return of 5.0%. The full year dividend increased 8.2% to […]
Randgold Resources has decided not to proceed with a proposed investment in a joint venture with AngloGold Ashanti to redevelop and operate AngloGold’s Obuasi gold mine, in Ghana. In terms of an agreement announced on 16 September, Randgold planned to undertake due diligence on the mine and the redevelopment plan that is the subject of […]
JPMorgan Brazil reported a total return on net assets for the six month period ended 31 October 2015 of -33.9%, whereas the benchmark, the MSCI 10/40 Index (in sterling terms) recorded -35.6% for the same period. The manager’s report says the portfolio’s underweight in energy was a strong positive contributor, with the portfolio benefiting in particular from […]
