BRWM : BlackRock World Mining writes off London Mining exposure With apologies for not picking this up yesterday, BlackRock World Mining, in its usual NAV announcement, disclosed that it had written off its £52m exposure to London Mining. This is a big blow to the net asset value – taking about 30p off the net […]
VNI : Vietnam Infrastructure restructuring details Following conversations with its major shareholders, Vietnam Infrastructure is putting forward proposals to shareholders. The proposals involve splitting the fund into two parts – one representing the private equity, unlisted investments (currently about $108m) and the other the listed investments (currently about $117m). the listed investment pool would be devolved […]
NESF : NextEnergy Solar looking to raise over £250m NextEnergy Solar Fund has announced that it has identified a pipeline of potential deals worth about £210m and has identified additional deals worth £333m. They have a revolving credit facility worth up to £31.5m and can use this to get the ball rolling but to fund […]
HNE : Narrowing discount boosts returns from Henderson Eurotrust The year that finished on 31 July 2014 was a good one for shareholders in Henderson Eurotrust as its discount narrowed considerably on top of outperformance of its benchmark index. For the period Henderson Eurotrust generated a return on net assets of 5.4% against a 4.1% […]
HICL : HICL buys more of desalination plant HICL Infrastructure has acquired another 3.4% of the Victorian Desalination PPP Project taking their interest to c9.3%. They have paid A$46m for the additional stake. The Project was procured under the State of Victoria’s Partnerships Victoria Policy and is the largest desalination plant in the southern hemisphere […]
BGFD : Another good year for Baillie Gifford Japan Baillie Gifford Japan has announced full year results for the period that ended on 31 August 2014 (kudos to them for publishing their results so soon after the year end). It was a good year for shareholders as the share price rose by 10.8% on the […]
GHE : Gresham House proposals unveiled Gresham House has published more detail on its revamp. it will get a new set of directors, cease to be an investment trust, shift to the AIM market, adopt a new investment policy and raise some extra money. The proposals need to be approved by shareholders at a meeting […]
TFIF : TwentyFour Income plans share issue TwentyFour Income Fund plans to issue c9.99% of its issued share capital (26.69m shares). The managers say that as a consequence of the recent announcement by the ECB concerning the launch of the ABS Purchase Programme, they believe spreads in European ABS will compress further, increasing the prospect […]
CCSL : Chenavari makes new investment in Spanish debt Chenavari Capital Solutions has invested €21.6m in a bilateral transaction with a Spanish bank – the deal gives exposure to a concentrated portfolio of sub-performing and non-performing mortgage loans and repossessed real estate assets. The total original face value of the portfolio is ca. €400m – […]
JEMI : JPMorgan Global Emerging Income lags benchmark Over the year that ended on 31 July 2014 JPMorgan Global Emerging Markets Income’s net asset value return was 1.3%. this was a bit behind the MSCI Emerging Markets Index, which returned 3.6%. The good news for shareholders was that the share price returned matched this as […]
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