Investment Company News

24 Feb 2017

intu reports unchanged NAV for 2016

intu has published results for the year ended 31 December 2016.  It reported six per cent growth in underlying earnings per share (from 14.2p to 15.0p), an increased dividend (2.2% increase to 14p per share) and stable property values, leaving net assets per share (diluted, adjusted) unchanged at 404 pence. Net rental income rose from […]

24 Feb 2017

Regional REIT to acquire a £129m portfolio from Conygar

Regional REIT has announced that it has reached an agreement with The Conygar Investment Company PLC to acquire UK regional office, industrial and retail & retail distribution investment properties owned by Conygar (the Conygar Property Portfolio) which, in total, are valued at circa £129m. Regional REIT says that it will acquire the properties by way […]

24 Feb 2017

Real Estate Credit Investments raises £25.26m and announces placing programme

Real Estate Credit Investments (RECI) has announce that it has conditionally raised £25.26m through a placing of 15,546,613 new ordinary shares, at a price of 162.5p per share. RECI says that it intends to utilise the net proceeds of this initial placing to invest primarily in debt secured by commercial or residential properties in the […]

24 Feb 2017

Foresight Solar Fund acquires Sandridge solar farm, Wiltshire

Foresight Solar Fund Limited (FSFL) has announced that it has acquired a 100% interest in a 49.6 MW operational UK solar asset, Sandridge solar farm, located in Wiltshire (Sandridge). The acquisition is its second largest to date and its second acquisition of 2017. Accredited for 1.3ROCs Sandridge was connected to the National Grid in March […]

23 Feb 2017

Bluefield Solar NAV up to 105p

Bluefield Solar says that, at the end of December 2016, its NAV had increased to 105.07 pps (30 June 2016: 99.39 pps). The WACC used to calculate the NAV was unchanged from December 2015 and June 2016 at 6.6%. They delivered underlying earnings of GBP11.7 million in the period.  This enabled a fully covered first […]

23 Feb 2017

Allianz Technology underperforms in 2016

Allianz Technology Trust reports that it underperformed its benchmark over the year ended 30 November 2016. The NAV increased in the period by 23.8%, finishing at 835.9p as at 30 November 2016 compared with 675.1p as at 30 November 2015.  The benchmark index, the Dow Jones World Technology Index (sterling adjusted, total return), increased by 31.7% […]

23 Feb 2017

Greencoat UK Wind powers 375,000 homes

Greencoat UK Wind reports that its NAV growth during 2016 was 4.1 pence per share (after adjusting for dividends). NAV per share increased from 102.9 pence (ex dividend) on 31 December 2015 to 107.0 pence (ex dividend) on 31 December 2016. They paid total dividends of 6.34 pence per share for the year and are targeting […]

23 Feb 2017

JPMorgan Global Growth & Income makes great start

JPMorgan Global Growth & Income, which recently switched to the Global Equity Income sector, had a great six months in H2 2016. The return on net assets, at +23.0%, was well ahead of the benchmark, the MSCI AC World Index expressed in sterling terms, which returned +15.3%. A significant narrowing of the discount meant that […]

22 Feb 2017

GCP Student Living raises £80.6m from oversubscribed issue

GCP Student Living has announced the results of its ‘oversubscribed issue’. The Board says that it has received applications from investors substantially exceeding the target gross proceeds (in excess of £60m) and, in light of the available investment opportunity in a prime central London location, it has resolved to accept applications in respect of 57,545,195 […]

22 Feb 2017

Menhaden Capital to de-list from the Social Stock Exchange

Menhaden Capital (Menhaden) currently operates with a dual listing on both the London Stock Exchange and the Social Stock Exchange segment of the NEX Exchange Main Board. Menhaden’s board says that, having consulted with its advisers, it has decided to seek to cancel the company’s secondary listing on the NEX in order to achieve operational […]