Riverstone Energy has built up a cash balance of $123m and plans to use about $100m (£80m) of that to fund a tender offer. The company will buy back up to 13,840,830 shares at 578p per share. That is the equivalent of 30.4% of the company’s issued share capital. The tender price is equal to […]
Another day, another announcement in the dispute between board and manager of ThomasLloyd Energy Impact. Here is the board’s riposte to yesterday’s statement by the manager. The board of the company (the “board”) notes the announcement on 16 August 2023 by ThomasLloyd Group Limited (“TLG”) and its subsidiary ThomasLloyd Global Asset Management (Americas) LLC (the […]
Bluefield Solar has announced its end June NAV and it has risen from 139.1p to 139.7p. There are a lot of moving parts that drove this: Bluefield Solar has increased its discount rate by 0.75% to 8.0% and this took 4.9p per share off the NAV. Even though power prices have fallen, the fund was […]
NextEnergy Solar has published its end June 2023 NAV. The NAV has slipped to 109.3p from 114.3p over the second quarter of 2023. The most significant factor in this was a decision to increase the discount rate used to value NESF’s future cash flows by 0.75%, to reflect higher interest rates. The company has also […]
In QuotedData’s morning briefing 17 August 2023: In its final set of annual results (before it is absorbed by Asia Dragon), abrdn New Dawn (ABD) returned -6.8% in NAV terms for the 12 months ended 30 April 2023, and -7.3% in share price terms, both lagging the -5.2% return generated by the benchmark MSCI AC […]
The following rebuttal to yesterday’s announcement by the board of ThomasLloyd Energy Impact has been posted on the investment adviser’s website. The Investment Manager, together with ThomasLloyd Group Limited, refute the material inaccuracies and unsubstantiated allegations contained in the announcement made by the board of directors of ThomasLloyd Energy Impact Trust plc on 15 August […]
Oakley Capital Fund V, one of the funds that make up the portfolio of Oakley Capital Investments, has agreed to acquire Flemming Dental, Excent, and Artinorway Group in a carve-out from European Dental Group, a leading pan-European oral care and services provider. In combination, these will form one of the leading dental laboratories groups in […]
Capital & Regional (CAL) is a UK focused REIT with a portfolio of in-town community shopping centres. It is buying The Gyle Shopping Centre in Edinburgh for £40m. To fund that it is using existing funds, a new debt facility of £16m, and approximately £25m of gross proceeds that it expects from a fully underwritten […]
Baillie Gifford US Growth Trust has published results for the 12 months ended 31 May 2023. The share price and NAV returned -13.8% and -2.7% respectively. This compares with a total return of 4.7% for the S&P 500 Index. There is no dividend (no net income to pay one out of). Buyback abandoned The shares moved […]
In QuotedData’s morning briefing 10 August 2023: Derwent London (DLN) says that it has signed new leases totalling £7.0m since 30 June 2023. Activity includes Moelis & Company pre-letting c.50,000 sq ft at 25 Baker Street for a term of 15 years, with a tenant break option at year 10 – the commercial element of […]
