The Wellcome Trust has announced that terms have been agreed with the Board of Urban&Civic (UANC) for a recommended cash offer by Wellcome for the entire issued and to be issued share capital of UANC at 345p per share. The announcement provides the following key highlights of the deal: Under the terms of the Acquisition, […]
In QuotedData’s morning briefing 6 November 2020, as Biden overtakes Trump in the race for Georgia: Scottish Mortgage has released its interim results for the six months ended 30 September 2020. The trust says that, since the end of March, its NAV has risen by 76% compared to a 24% increase in the index. The Board is […]
BlackRock Greater Europe (BRGE) has announced its annual results for the year ended 31 August 2020, during which the company has provided a strong year of outperformance. According to BRGE, it provided an NAV total return of 16.9%, outperforming its reference index, the FTSE World Europe ex UK Index, which returned 0.7%, while its share […]
CLS Holdings (CLS) has announced that it has unconditionally exchanged contracts to sell Bismarckallee 18-20 (pictured) in Freiburg for €22.5 million excluding costs, with completion expected in December 2020. The property was acquired in 2013 and consists of 7,500 sqm (80,729 sq. ft) of office and retail space over nine floors. The building is 85% […]
Infrastructure India (IIP) has announced its final results for the year 31 March 2020, during which its NAV has taken another hit. As at 31 March 2020, the IIP’s total net assets were £124.1 million in total and 18.2p per share, from £149.1 million in total and 21.9p per share as at 30 September 2019. […]
In QuotedData’s morning briefing 23 October 2020: Associated Capital Group (AGC), the large Shareholder associated with the manager of Gabelli Value Plus+ Trust, that is also blocking the winding of said trust, has requisitioned GVP’s board to call a general meeting. A link to a copy of the letter is provided below, but the key takeaways […]
In the latest instalment of the Gabelli Value Plus debacle, Metage Capital have written an open letter to Mr Bruce Lisman of Associated Capital Group, Inc, the outfit associated with the investment manager that is blocking the wind-up of the trust. Rather than try and paraphrase, we have reproduced the letter below. We think it makes very […]
Grit Real Estate Income (GR1T) has entered into a binding agreement to reduce its interest in Acacia Estate, a 76 residential units condominium property located in Maputo, Mozambique that is let to the US government. In what is effectively a partial sale to a related party (see below for the nuts and bolts of the […]
In QuotedData’s morning briefing 16 October 2020: We have Grit Real Estate’s partial sale of its Acacia Estate asset in Mozambique and Metage Capital’s Open letter to Mr Bruce Lisman of Associated Capital Group (the outfit that is blocking the wind up of Gabelli Value Plus + Trust). previous story | next story
Secured Income Fund (SSIF) has announced its annual results for the year ended 30 June 2020, during which it says that all loans underwritten since April 2017 are performing as expected. However, the impact of Covid-19 has meant that SSIF has needed to relax some covenants, defer interest and extend the maturity of some loans. […]
