News

30 Dec 2013

Hansteen : HSTN acquisition of a loan

Hansteen Holdings has bought a loan secured against a portfolio of 370,000 sqm of mainly multi-let light industrial property in the Netherlands for €41.675m. The underlying borrower, Lancelot Land BV, is in breach of the loan and hence Hansteen was able to buy it at a 51% discount to par. About 20% of the portfolio […]

30 Dec 2013

Schroder UK Growth : SDU – interim results

SDU’s interims for the six months ended 31 October 2013 show an almost 10% outperformance of its NAV over its benchmark and a narrowing of its discount leading to further outperformance ion share price terms. Over the period the NAV returned 17.0%, the benchmark 7.7% and the share price 23.9%. These were the first results since […]

20 Dec 2013

Harbourvest Senior Loan : HSLE – planning 5.85p return of capital

The payment will be made on 17 January and the ex-distribution date will be 8 January

20 Dec 2013

Ottoman Fund : OTM – annual results

Ottoman has announced its results for the year ended 31 August 2013 (so somewhat out of date now). OTM’s NAV rose from 63.5p to 65.9p over the period. The main driver of the uplift was a reassessment of the valuation of OTM’s Riva asset – a large parcel of development land. OTM sold part of […]

20 Dec 2013

New City Energy : NCE – annual results

New City’s annual results for the year ended 30 September 2013 show a fall in the NAV of 19.2% and in the share price of 6.5%. The performance is attributed to falling commodity prices (on fears of slowing Chinese growth) and the strength of Sterling over the period. the Board has negotiated a reduction in the […]

20 Dec 2013

John Laing Infrastructure : JLIF – completes acquisition

JLIF has completed its acquisition of a 75% stake in the North Staffordshire Hospital project