Macau Property Opportunities reflects on tough year – The value of Macau Property Opportunities’s (MPO) portfolio declined by 7.7% to US$311.1m, over the year to 30 June 2019. Reported figures for adjusted and IFRS NAV were down 17.0% and 23.7%, respectively. Mark Huntley, chairman of MCO, said: “The past year has unquestionably been challenging. We are also […]
In QuotedData’s other news 1 October 2019: Genesis Emerging Markets (GSS) reported annual results covering the year to 30 June 2019. The shares delivered a total return of 11.1% while the NAV was up 9.0%. The fund benefitted from opportunities arising from market weakness at the end of 2018 and into early 2019, with several new […]
Foresight Solar seeks share placing – Foresight Solar (FSFL) announced its intention to issue new ordinary shares of no par value in the company by way of a placing. The placing will be conducted under the company’s remaining shareholder authorities granted at the last AGM to issue up to 54,894,155 ordinary shares on a non-pre-emptive […]
Central and Eastern Europe-focused Globalworth Real Estate seeks capital raise to fund pipeline – Globalworth Real Estate (GWI), a leading office investor in Central and Eastern Europe, has announced its intention to raise additional equity capital through a placing of up to approximately 28.5m new shares to existing and new investors to take advantage of what it […]
Pacific Assets shares return +12.3% over H1 – Pacific Assets (PAC) has announced results covering the six-month period to 31 July 2019.. NAV total returns amounted to +10.5% over the period, which the company framed by comparing to an annualised return of +12.2% over the last five years, and of +11.9% over the nine-year period. The […]
Several investment companies reported results this morning. In QuotedData’s other news 27 September 2019: Africa Opportunity Fund (AOF) reported half-year results to 30 June 2019 with NAV per share of US$0.689 as at 30 June 2019; this represented a 2% increase from the 31 December 2018. AOF noted that the single biggest factor on the negative front is an underlying macro-economic pattern in several African countries. Governments in countries […]
Tritax EuroBox increases bank facility by EUR125m – The continental European logistics real estate assets investor, Tritax EuroBox (EBOX), has announced a EUR125m increase to an existing EUR300m unsecured revolving credit facility This increase is on the same terms as the existing facility, with an opening margin of 1.55% and a maturity date of October 2023 […]
Ceiba interim result show Trump impact – Ceiba Investments (CBA) has published interim results to 30 June 2019. NAV per share decreased from US$1.49 as at 31 December 2018 to US$1.39 at 30 June 2019, mainly as a result of the increased discount rate and a downward adjustment of the estimated future cash flows to be generated […]
Tufton Oceanic bulks up fleet with $19.9m crude oil vessel – Tufton Oceanic Assets (SHIP) has announced it has agreed to acquire a crude oil tanker for $19.9m. This acquisition will take the company’s fleet to sixteen vessels. The vessel is time chartered to a major tanker operator for two years at a fixed floor […]
Specialist fund SQN Asset Finance Income reports annuals – SQN Asset Finance Income (SQN) has released results for the year to 30 June 2019. The fund looks to provide shareholders with regular, sustainable dividends and to generate capital appreciation through investment in business-essential, revenue producing (or cost saving) equipment and other physical assets. The company provides asset […]
