John Laing Environmental Assets launches a Placing, Offer for Subscription and Intermediaries Offer – John Laing Environmental Assets Group (JLEN) is targeting an issue of £50 million through the issue of new ordinary shares at a price of 102 pence per share. The issue price of 102 pence per share represents a premium of 2.4% to the last published NAV as […]
Unite disposes of 14 properties for £180.5 million – Unite Students (UTG) has announced the unconditional exchange of contracts for the disposal of 14 properties, comprising 3,436 beds for £180.5 million, of which Unite’s share is £84.7 million. The properties are being sold to Singapore Press Holdings and completion is due later in September 2018. The purchase […]
Miton Global Opportunities to put three proposals to shareholders – Miton Global Opportunities (MIGO) has announced that it will put three proposals before shareholders at a general meeting to be held on 5 October 2018 at 11.45 a.m. The proposals are: Change the company’s articles Change the Articles so that the form of the Realisation Opportunity currently contemplated can […]
Residential Secure Income invests in retirement homes portfolio – Residential Secure Income (ReSI), which is a REIT that invests in residential asset classes that comprise the stock of UK social housing providers, has announced that it has exchanged contracts to acquire a 478 property retirement homes portfolio. The seller is Places for People, an housing associations. The transaction The consideration is […]
Augmentum Fintech invests in residential rent-to-own specialist – Augmentum Fintech (AUGM) has announced that it has invested £2.5 million in a UK-based residential rent-to-own specialist called Unmortgage This was part of a £10 million fundraising. Augmentum is participating in the fund raising alongside existing investor Exponential Ventures, and other investors. Unmortgage Unmortgage will offer a part-own part-rent […]
EF Realisation proposes wind-up terms and the in-specie distribution of its Lonestar holding. The winding up of EF Realisation (EFR) and an in-specie distribution of the company’s shares in Lonestar to certain larger shareholders will require shareholders to vote in favour of resolutions at an EGM of the company, which will happen on 24 September 2018. UPDATE: 25 September […]
Hg announces an investment in BrightPay into Transition Capital – HgCapital (HGT) has announced that it has invested in BrightPay, a provider of accounting and HR payroll software to SMEs in Ireland and the UK. The terms of the investment are not disclosed. Transition Capital’s first investment In early 2018, HgCapital made a £75 million commitment to invest in Transition Capital and […]
Regional REIT reports on a disposal and on letting news – Regional REIT (RGL) has completed a sale of Cheshunt office site for £17.25m and has agreed the first letting for Aztec West. Disposal of Cheshunt office site The company, which is a REIT that specialises in UK regional office and industrial property, has announces it has […]
Crystal Amber reports on a good year – The activist fund, Crystal Amber (CRS) has delivered its full annual report for the year ending 30 June 2018. Positive performance The NAV per share rose by 19.7% over the reporting period. NAV total return for the year was 22.8%. This compares well when compared with the performance of the reference benchmark, the Numis […]
Pacific Horizon (PHI) – Strong stock selection delivers for Pacific Horizon’s shareholders. The company’s NAV rose by 13.6% on a total return basis. This was an outperformance of 7.6% of the company’s benchmark, the MSCI AC Asia ex-Japan index, which returned 6.0% on the same basis. The share price returned 26.9% (total return), an outperformance of 20.0%. Strong stock selection delivers for Pacific […]
