Investment Trust Insider on recent new issues – James Carthew: can Ashoka overcome a disappointing launch? It has been a week of contrasts in the new issue market. Tritax EuroBox (BOXE) raised its maximum target of £300 million in an issue that was ‘significantly oversubscribed’ and Hipgnosis Songs Fund (SONG) raised over £200 million. Whereas […]
Henderson Diversified Income produces modest NAV return – Henderson Diversified Income Trust has published results for the year ended 30 April 2018. The net asset value total return per ordinary share for the year ended 30 April 2018 was 1.8% whilst the share price total return per ordinary share was 4.4% reflecting a widening in […]
RESI becomes a Registered Provider – Residential Secure Income (ReSI), which was set up to invest in the residential asset classes that comprise the stock of UK social housing providers, has announced that itI, through its wholly owned subsidiary ReSI Housing Limited, has become the first publicly listed investment fund to become a Registered Provider with the […]
Better Capital deal lapses – Further to the announcement of 25 June 2018 about the proposed sale of Northern Aerospace (NAL), BECAP 12 GP Limited (the GP) has informed Better Capital PCC Limited that: “Permission to complete the sale was not obtained from the Competition and Markets Authority by the revised contractual deadline, despite requests […]
FastForward NAV jumps – FastForward Innovations has published results for the year ended 31 March 2018. Highlights: Net assets of GBP13,534,000 (2017: net assets of GBP10,101,000). NAV per share increased by a third from 7.60p to 10.18p. Three new investments in the year, including a significant investment in a Canadian medical cannabis business Successful sale of the […]
John Laing Environmental adds two anaerobic digestion plants – John Laing Environmental Assets has announced the acquisition of two anaerobic digestion (AD) assets, Egmere Energy Limited and Grange Farm Energy Limited, for a total consideration of c.GBP36 million. The Egmere Energy AD plant is located in Egmere, North Norfolk and was commissioned in November 2014. […]
Key trust holding Biogen claims rare Alzheimer’s trial success Trust favourite Biogen saw its stock rise by 20% on Friday, after reporting a surprise apparently positive result from a Phase II study with the anti-amyloid beta protofibril antibody BAN-2401 in the notoriously tough indication of Alzheimer’s disease. However, the share price boost to Biogen probably reflects the implied […]
Oakley Capital selling Damovo – Oakley Capital Investments Limited says that Oakley Capital Private Equity II has reached an agreement to sell its stake in Damovo Group, a leading independent European unified communications and collaboration company, to Eli Global. The transaction, which is subject to regulatory approval, values Damovo at up to EUR140 million, comprising an […]
Standard Life Investments Property Income makes three acquisitions – Standard Life Investments Property Income Trust has completed three purchases for a total of GBP32.48m. The largest of the three assets is a Tier 3 Data Centre in Birmingham, let to a major operator for a term of 20 years, subject to a tenant only lease break […]
Autolus IPO boosts WPCT to top of specialist trust league in June The Nasdaq float of Autolus, one its top ten investee companies, boosted Woodford Patient Capital Trust (WPCT) to top position in the performance league table of biotech/healthcare specialist investment trusts for the month of June, both in terms of price and NAV total return. […]
