ADAM : Adamas Finance NAV hit by dilutive issue Adamas Finance Asia saw its net asset value per share fall from 20.2 cents to 6.9 cents over the six months that ended on 30 June 2014. The principal reason for this was the fund’s issue (as a result of a reverse takeover) of 1.5bn shares at 6 […]
LBOW : ICG Longbow fully invested and on track ICG Longbow has deployed all the money it raised and is generating sufficient income to pay the 1.5p per quarter dividend it promised investors. A little money has been repaid early and the company says it is looking to redeploy this capital but it cautions that […]
GLIF : GLI Finance secures £30m borrowing facility GLI Finance has announced that it has arranged a borrowing facility with Sancus, one of the platforms it is invested in. Under the terms of the facility it can draw down £10m initially and a further £20m at a later date. The interest rate on the facility […]
NAS : North Atlantic Smaller Companies thinks markets fully valued North Atlantic Smaller Companies interims for the six months ended 31 July 2014 have been released. These show the net asset value rising by 4.4% over the period (after adjusting for the dilutive effect of the convertible loan stock and valuing the holding in Oryx […]
DCI : Dolphin Capital seeking funding for Jack Niklaus Golf resort Dolphin Capital has announced results for the half year to end June 2014. The net asset value rose by 5.7% over the period to €0.99 (€0.86 taking deferred taxes into account). They report progress at Amanzoe with one villa sold, more sales under discussion […]
GLIF : GLI Finance portfolio repositioning continues GLI Finance has announced its interims for the six months ended 30 June 2014. Over that period the net asset value fell from 49.99p to 48.53p – in part because of the strength of Sterling affecting the value of its dollar assets. It made a return on equity […]
CREI : Custodian UK REIT looking to raise £20m Custodian UK REIT has announced that it is seeking to raise £20m by issuing new shares at 104.75p – a 5% premium to NAV. UPDATE 3rd October In the end Custodian REIT raised £25m – the Board said the issue was 2significantly oversubscribed” and so, “in […]
UKW : Greencoat UK Wind raising another £100m Greencoat UK Wind has announced that is looking to raise £100m from investors by issuing 93,457,944 shares at 107p – a small premium to net asset value at the end of June (105.8p, 102.7p after the last dividend went ex) but a discount to the share price […]
HICL and INPP trade in Sheffield School Project HICL Infrastructure is buying a 19% stake in Sheffield Building Schools for the Future project and a 50% stake in Oldham Library PFI project. The Sheffield stake was sold by International Public Partnerships for £3.2m which implies that HICL paid £1.9m for the Oldham deal. INPP said […]
ELTA : Electra responds to Sherborne Electra Private Equity has responded to Sherborne’s letter to Electra shareholders. The response is so detailed that we have taken the unusual step of reproducing it in full below. Electra Private Equity PLC (“Electra” or the “Company”) notes the letter from Sherborne Investors Management (Guernsey) LLC (together with its […]
