Invesco Asia Trust has announced that, as its discount was wider than 10% on average over the year to 30 April 2017, a tender offer for 15% of its shares at a 2% discount has been triggered. The average discount over the measurement period was 10.9%. The record date for participation in the tender offer […]
Damille II says that it notes the announcement by Sistema this morning and the fall in the share price of Sistema as a result (see below). The company holds 1,599,452 shares in Sistema and this holding accounted for 40.19 per cent of the NAV as at 31 March, 2017. The company acquired its holding in Sistema […]
Oakley Capital Investments says that Oakley Capital Private Equity III has completed a deal to acquire the assets and operations of Plesk, at an enterprise value of $105 million, as a carve out from the Parallels Group. Fund III has invested $27.4 million for a 51% controlling stake in the business. The company’s indirect contribution […]
Custodian REIT has acquired a 22,663 sq ft retail warehouse on Southbrook Retail Park, Gloucester, near the town centre and within three miles of the M5. The site comprises two units occupied by Magnet and Smyths Toys, with nearby retailers including Halfords, B&M Bargains, Lidl, The Range and McDonalds. The units’ leases expire on 9 […]
P2P Global’s board say that “2016 was a year of significant challenges, both for the company and its markets. The Board of the company has announced a review of its investment management arrangements, following a year of disappointing performance both on dividend yield and share price. The Board expects to update shareholders on the outcome […]
VPC Speciality Lending says its total NAV per share return was 0.85% for 2016. They declared dividends of 6.00 pence per ordinary share. Declared dividends were below the 8.0% targeted at the time of the IPO, with the underperformance being largely attributable to lower-than-expected returns from the company’s marketplace loan investments, due to higher-than-expected loss […]
Honeycomb Investment Trust says that, following the initial share issue of GBP100.0 million, there have been two further successful share offerings with total gross proceeds of GBP100.0 million. The net share proceeds of all the share offerings have been deployed, with the latest gross proceeds of GBP50.0 million largely deployed on 13 January 2017 following […]
Third Point Offshore Investors Limited has announced its full year results for the twelve months ended 31 December 2016. The net asset value appreciated 6.1% for the U.S. Dollar and 5.6% for the Sterling share classes, respectively, in 2016. They say that performance was driven primarily by positive returns in the Master Fund’s corporate and sovereign credit positions. Gains […]
Wee-Li Hee, the lead portfolio manager for The Scottish Oriental Smaller Companies Trust , is due to return from maternity leave in July. In discussion with the First State Stewart Asia management team and the Board of Scottish Oriental, Wee-Li has expressed a preference to step back from lead portfolio manager responsibility for the Company. […]
Invesco Perpetual UK Smaller Companies has announced its annual results for the year ended 31 January 2017. During the period, the company provided an NAV total return of 21.3% and a share price total return of 24.0%, both outperforming that of the company’s benchmark, the Numis Smaller Companies Index (excluding Investment Companies), which the company […]
