The Board of The Edinburgh Investment Trust (EDIN) has announced that it has entered into an management agreement with Majedie Asset Management (Majedie), the company’s new Alternative Investment Fund Manager (AIFM), effective as of today, Wednesday 4 March 2020. The investment management agreement reflects the heads of terms announced on 11 December 2019, where EDIN decided […]
Oakley Capital (OCI) announced that Oakley Capital Private Equity III (fund III) has agreed a deal to acquire a majority stake in Globe-Trotter Group (Globe Trotter), a British luxury baggage brand, from the entrepreneur Toshiyasu Takubo. OCI says that Toshiyasu, who has developed the brand significantly in the Japanese market, will retain a minority stake in the company. OCI’s […]
In light of the coronavirus (Covid-19) afflicted volatility across markets, Tufton Oceanic (SHIP) has provided an update. The company says its strategy of portfolio diversification and strong charter coverage has insulated SHIP from the recent market volatility caused primarily by Covid-19. The company’s update made the following points: Year to date, fair value losses in containerships […]
In QuotedData’s other news 4 March 2020 – Crystal Amber (CRS), the activist UK smaller companies trust, reported interim results to 31 December 2019. It was a difficult period for CRS, with its NAV (adjusted for dividends) falling by 26.4% over the period, compared to a 10.7% increase in the Numis Small Cap Index. CRS said […]
It was announced earlier today that the UK will reintroduce support for onshore windfarms, four years after deciding to end support for new projects. It is believed that the policy reversal reflects a view that onshore wind will be crucial to the UK’s chances of delivering on its target of net zero carbon emissions by […]
Over Greencoat Renewables’s (GRP) full-year results period to year-ended 31 December 2019, the Ireland-focused renewable energy infrastructure company grew considerably with two successful equity placings taking its market capitalisation from €391.4m to €747.3m. Portfolio-wise, GRP said its stable of 15 wind farms generated 1,154GWh in the year, 4% below budget, primarily due to higher than expected curtailment. […]
In QuotedData’s other news 2 March 2020 – Schroder Real Estate (SREI) provided the following lettings update: “Since 1 January, 16 new lettings, renewals and rent reviews have completed, generating additional income of approximately £370k per annum. The company is currently actively progressing a number of other lettings which are currently under offer that have […]
The board of Global Sustainable Farmland Income has this afternoon extended its IPO period, which was initially open until 25 February. Covid-19 has been heavily impacting financial markets The fund’s board has said that it has been pleased with the reception that the issue has received from a number of large institutional investors and discretionary […]
Hipgnosis Songs (SON) is contemplating a further equity raise under its to fund investments in line with its investment policy, with a view to delivering further value for its shareholders. The company says an to this end will follow in due course. SONG applies for USD quote The company also announced that it has applied to […]
HICL Infrastructure (HICL) has completed the acquisition of the transmission assets associated with the Galloper Windfarm, located off the coast of Suffolk, by Diamond Transmission Partners, a consortium comprising HICL and Diamond Transmission Corporation (a subsidiary of Mitsubishi). The transaction is part of Tender Round 5 of Ofgem’s Offshore Transmission Owner programme. HICL previously announced its status as […]
