Seneca Global Income & Growth Trust has announced that its new discount control mechanism (DCM), which is designed to ensure that the company trades close to net asset value, takes effect from 1 August 2016. The policy is described in more detail in the company’s most recent annual results but, in summary, the company will […]
Infrastructure India has announced its annual results for the twelve months ended 31 March 2016. During the period, the value of the Company’s investments increased marginally to £334.5m as at 31 March 2016 (30 September 2015: £331.6m; 31 March 2015: £368.6m) whilst total net assets fell to £325.8m (30 September 2015: £329.3 million; 31 March […]
Ranger Direct Lending has announced that it has conditionally placed 30 million zero dividend preference shares (ZDP Shares) at 100 pence per share to raise gross proceeds of £30m. The company says that the ZDP Shares will have a life of five years and a final capital entitlement of 127.63 pence per ZDP Share on […]
John Laing Environmental Assets has announced that it has acquired New Albion Wind Farm from John Laing Group plc for a cash consideration of £11.8m, including working capital. New Albion Wind Farm is located near Kettering, Northamptonshire and comprises seven Senvion MM92 turbines with a total generating capacity of 14.4MW. The site has been operational […]
Herald Investment Trust has announced its interim results for the six-months ended 30 June 2016. During the period the Trust’s net asset value per share increased by 0.9% to 889.6p in the first half of 2016. The chairman, Julian Cazalet (pictured) says that this small disguises what has been a very volatile period for the […]
NextEnergy Solar Fund has announced that its first Tap Issue has raised gross proceeds of £42.16m. The Company says that it has received applications from existing and new investors pursuant to the Issue for 41,991,242 New Shares at 100.4p per share and that, accordingly, it will sell all of the 30,850,000 ordinary shares currently held […]
Alliance Trust has announced its interim results for the year ended 30 June 2016. During the period, the trust’s NAV per share increased by 5.4%, whilst its share price increased by 1.4%. The trust also paid dividends of 5.65p (2015: 5.065p). Share price total return, including the dividends was 2.6% whilst NAV total return was […]
Investment Week – Investors eye beaten-up property sector: Investors are starting to hone in on attractive entry points into the beleaguered property sector, especially among more specialist and less-London centric closed-ended vehicles, after a “savage de-rating” following the Brexit vote and a raft of open-ended fund suspensions. James Carthew, director of research at QuotedData says […]
NB Distressed Debt has announced its intention to cancel the listing of it shares on the Channel Islands Stock Exchange (CISE). The Company’s Shares are currently admitted to the SFS (Specialist Fund Section) of the London Stock Exchange’s Main Market and are also listed on the CISE. The Board says that one of the key […]
Small Companies Dividend Trust has announced its annual results for the year ended 30 April 2016. During the year, the Trust’s NAV per ordinary share increased by 8.44% whilst its ordinary share price increased by 17.41%. Total dividends for the year are 9.1p per ordinary share including a special dividend of 1.6p. During the same […]
