Reconstruction Capital II has announced that it has conditionally disposed of 1) its 93% interest in Top Factoring SRL, a Romanian receivables collection company, and 2) the whole of the non-performing loan book held by the Company’s wholly owned subsidiary Glasro Holdings Limited (Glasro). Together these comprise the Top Factoring Group. The purchaser is Intrum […]
Juridica Investments has announced its results for the year ended 31 December 2016. During the year, the company’s NAV fell by US$0.8891 to US$0.2541 (a reduction of 77.78%). Dividends paid to investors during 2016 totalled 40 pence per share (bringing total life-to-date dividends to £1.036 per share). 2016 saw a total comprehensive loss of US$37.8 […]
BBGI has announced results for the year ended 31 December 2016. Its VAV rose by 13.1% to 126.1p over the period. Dividends totalled 6.25p. 61% of the company’s assets are located outside the UK and denominated in major currencies other than sterling. Currency weakness was a big factor in the NAV move. The portfolio of […]
Electra Private Equity (Electra) has announce that it is declaring a special dividend of £1.0 billion, representing 2,612p per share, to be paid on 5 May 2017 to shareholders on the register of members at the close of business on 7 April 2017. Electra says that its estimated pro forma NAV per share, as at […]
Pershing Square Holdings (PSH) has announced that it intends to apply for a Premium Main Market listing, for its ordinary shares, on the London Stock Exchange and that, following admission, it expects that its shares will be eligible for inclusion in the FTSE All-Share and FTSE 250 indices. PSH says that its listing on Euronext Amsterdam will […]
International Public Partnerships (INPP) has announced that its current intention is to seek to raise additional capital following the publication of its annual results on 30 March 2017. It says that it expects to complete its investment in National Grid’s gas distribution network (announced on 8 December 2016) within the next few weeks and to […]
Hansteen Holdings has announced that its all-cash offer, of 300p per share, for Industrial Multi Property Trust (IMPT) has become unconditional. It says that, at 22 March 2017, it had received valid acceptances of its offer in respect of 2,500,657 IMPT shares, representing approximately 29.73% of IMPT’s issued share capital. In addition, Hansteen has acquired […]
LXI REIT has announced that it has exchanged contracts to acquire the Travelodge hotel at Haverhill in Essex, and has now completed on the pre-let forward funded purchase of the Travelodge, Starbucks and Greggs bakery development at Melksham, near Bath, the exchange of which was announced on 10 March 2017. LXI REIT says that both […]
John Laing Infrastructure Fund (JLIF) has announced proposals to issue up to 89.8 million new ordinary shares by way of tap issuance. The company says that the net proceeds of the placing are to be used to repay majority of outstanding sterling debt drawn on its revolving credit facility and that this will create flexibility […]
Dunedin Enterprise has announced its annual results for the year ended 31 December 2016. During the period, the company provided an NAV total return of 2.7% and a share price total return of 0.0%. The company says that, in comparison, the return on the FTSE Small Cap (ex Investment Companies) Index returned 12.5%. The company […]
