The Independent Investment Trust, managed by Max Ward (pictured), has announced its annual results for the year ended 30 November 2015. During the period, the trust produced an NAV total return of 28.1%, outperforming both the FTSE All-Share Index and The FTSE World Index, which produced total returns of 0.6% and 2.6% respectively. In terms of […]
Henderson Smaller Companies, managed by Neil Hermon (pictured), has announced its interim results for the six-months ended 30 November 2015. During the period the company’s NAV total return was -1.0% thereby beating its Numis Smaller Companies (excluding investment companies) benchmark, which fell 3.3% on a total return basis. The Company’s share price total return declined […]
Safestore Holdings has announced its annual results for the year ended 31 October 2015. The company describes it as being a successful year leaving them well placed for future growth. During the year, the company’s basic EPRA NAV per share has increased by 17.4% to £2.56 (2014: £2.18). The company says that Group like-for-like revenue […]
HgCapital, the Manager of HgCapital Trust has announced that it has made a majority investment in Sovos Compliance, a global provider of regulatory tax compliance software. HgCapital is the lead investor, alongside Vista Equity Partners. The terms of this transaction were not disclosed. HgCapital Trust is investing in Sovos alongside other institutional clients of HgCapital, […]
The board of BlueCrest AllBlue has provided an update on the continuation proposals for the fund. The board says that having completed its review of manager proposals received by the Company and consulted with its major shareholders, it proposes to recommend the replacement of its existing management arrangements with a mandate given to J.P. Morgan […]
LondonMetric Property has announced that its joint venture with the Universities Superannuation Scheme, the Metric Income Plus Limited Partnership, has sold its retail parks at Camborne, Haverhill and Bristol for £29.5m. LondonMetric’s share of the sale proceeds is £14.7m, which reflects a blended net initial yield of 5.8%. Longwell Green Retail Park in Bristol has […]
Intu Properties has announced that it has announced that it has commenced a (secondary) public offering in the United States whereby it will sell 11,357,837 shares of the common stock of Equity One, Inc. The shares are owned by Intu properties’ wholly-owned subsidiary, Liberty International Holdings Limited. Equity One is a real estate investment trust […]
Woodford Patient Capital Trust, managed by Neil Woodford (pictured), has provided an update to investors which advises that the trust has now deployed the proceeds from its IPO (the trust listed on the LSE in April 2015 raising £800m) and that it has a substantial ongoing pipeline of investment opportunities. The company says that, with […]
NextEnergy Solar Fund has announced that it has acquired of a portfolio of three operating plants totalling 53MWp for £61.7m (including transaction costs plus working capital). The Plants were all connected to the grid during the first quarter of 2015 and are operating under the 1.4 ROC regime. Green End (pictured) is located in Cambridgeshire […]
Ludgate Environmental Fund has announced that it has entered into an agreement to sell the entire issued capital of Ignis Biomass Ltd to Equitix for £4m. Of this, £2.4m is payable on completion of the sale and £1.6m is deferred pending the achievement of certain performance conditions. The company says that additional payments may also […]
