The Board of Private Equity Investor has announced that it has received a proposal to acquire 15 of its Limited Partnership investments. The proposal covers approximately 87% of the NAV of the investment portfolio of the Company. The proposal is priced at a 35% discount to the net asset value of these holdings at 31 December 2015. […]
Dolphin Capital announced results on 30 June 2016 that cover the year to the end of 31 December 2015 – so these figures are quite a bit out of date. The dramatic 44% NAV drop is mainly down to a dilutive share issue. We have just reproduced the key points from the statement: Gross Assets of […]
Miton Global Opportunities has released results for the year ended 30 April 2016. The net asset value per share rose to 182.4p, a total return of 0.4% – there is no dividend. The manager says the company’s shares ended the financial year standing at an all-time high, moving from 162.75p to 164.25p during the year. […]
According to an article in the Daily Telegraph (which you can access here), Elliott Advisors (the activist investor in Alliance Trust) has built up a 5% stake in British Empire worth £32m. So far neither side has commented on the story. BTEM : Activist building stake in British Empire
EP Global Opportunities annunced yesterday that it has hedged the equivalent of £27m of its Japanese Yen exposure back into Sterling. This is the first announcement we have seen of a fund locking in the gais made on its overseas exposure as a result of the recent weakness of the pound. EPG : EP Global […]
Electra has raised €72m from the redemption of preferred equity and from the sale of c28% of its 15% equity interest in Allflex. This is equivalent to a return of 0.8x cost. the retained stake in Allflex has a value, implied by this transaction, of €78m (£65m). Together this repreents a 48% uplift to the […]
In the half-year to 31 March, 2016, the net assets of Ecofin Water & Power rose by 1.8% and the NAV per Ordinary Share rose by 0.5%. At the same time, the price of an Ordinary Share fell by 0.7% and the discount to NAV at which Ordinary Shares traded widened from 18.3% to 19.3% […]
John Laing Environmental has announced the acquisition of Dungavel Wind Farm from John Laing Group for a cash consideration, including working capital, of GBP38.2 million. Dungavel Wind Farm is located in South Lanarkshire, South-West Scotland and comprises 13 Vestas 2MW V80 turbines with a total generating capacity of 26MW and is accredited for 0.9 ROCs. […]
BlackRock North American has published interim results covering the six months to the end of April 2016. Over the period the company produced an 8.0% net asset return per share (‘NAV’) compared with a return of 7.5% in the Russell 1000 Value Index. The Company’s share price return was 11.1% over the same period (all figures […]
Qannas has published account for the year ended 31 December 2015 – somewhat ancient history now. Briefly QIL has further committed to five deals: AED 2.9 million ($0.8 million) for the purchase of residential units in a building in Dubai Marina; GBP3.5m ($5 million) in a preferred equity investment in BL Development Limited, the company […]
