Phaunos Timber rejects Stafford’s Offer – the Chairman of Phaunos Timber (PTF) has sent a letter to Phaunos Shareholders, giving them an update on plans to wind up the company and to reject the cash offer made on 3rd July by Stafford Capital Partners. This is the latest communication from the Board of Phaunos in a long running saga, where […]
Syncona remains at high premium and highly geared to Autolus Syncona (SYNC)‘s shares have been the second best performer this year among the 14 biotech investment trusts monitored by Marten & Co, rising by 24.5% in the first seven months to end July. However, the trust’s NAV has only gained 8.7% in the period and […]
Vietnam Opportunities extracts itself from chicken farm – VinaCapital Vietnam Opportunity Fund has reached an agreement with Ba Huan JSC, a Vietnamese poultry producer, to cease its investment, with all capital being returned to the fund. In February 2018, VinaCapital Vietnam Opportunity announced that it had invested USD32.5 million to acquire a significant minority stake in Ba Huan. […]
JPMorgan Brazil struggles in a politically-driven market – During JPMorgan Brazil (JPB)’s financial year to 30th April 2018, Brazil’s equity market experienced a highly volatile period mainly driven by political concerns. Performance The company recorded more modest sterling returns this year as the Brazilian currency, the Real significantly weakened against Sterling by some 17%. The total return on net assets was […]
Pantheon International has had a “milestone year” – In his introductory comment to Pantheon International (PIN)‘s full report for the twelve months to 31st May 2018, chairman Sir Laurie Magnus noted that the company had celebrated its 30 year anniversary, simplified its capital structure and entered the FTSE 250 index, in what he saw as a milestone […]
NextEnergy Solar adds 282 rooftop solar assets to its portfolio – NextEnergy Solar Fund (NESF) has added a further 1.15MW of capacity through the acquisition of two portfolios of roof top solar assets in the UK. This is the company’s second rooftop portfolio acquisition. The company has signed a share purchase agreement to acquire the two portfolios for a total investment […]
Regional REIT successfully raises £50 million in bond issue – In July, we reported Regional REIT (RGL)‘s plans to to issue bonds – click here to read that story The company has announced that it has successful raised £50 million and that the bonds have been admitted to trading on London Stock Exchange today (7th August 2018) The […]
Aberdeen Standard Logistics buys Dutch logistics warehouse – Aberdeen Standard European Logistics Income has signed an agreement to acquire a freehold logistics warehouse in Ede in the Netherlands for a net value of EUR26.5 million from David Hart Group. A fully CPI-indexed lease has been signed with Dutch retail and pharmacy operator Kruidvat (part of the A […]
Another great year for Henderson Smaller Companies – Over the year to the end of May 2018, Henderson Smaller Companies says its share price has risen by 23.8%, and the net assets by 15.9%, substantially outperforming its benchmark, the Numis Smaller Companies Index (excluding investment companies), by 10.6% – the return on the index was 5.3%. The chairman points […]
Hansteen buys portfolio from St Modwen – Hansteen has exchanged contracts to acquire a mixed-use portfolio of 34 properties. The properties are located throughout the UK with a focus on the North West and the West Midlands for £53.7m, reflecting a net initial yield after costs of 9.15% and a low capital value of £41 per sq […]
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