Investment Company News

14 Apr 2016

Oakley Capital NAV increase offset by short-term impact of fund raising

Oakley Capital Investments Limited (OCL) has announced its annual results for the year ended 31 December 2015. During the second half of the year, the company’s NAV per share increased by 9.9% to £2.00 (30 June 2015: £1.82) but the company says that this fair value increase was countered by the expected short-term dilutive impact […]

14 Apr 2016

Greencoat UK Wind announces proposals for a share issuance programme

Greencoat UK Wind has announced proposals to launch a programme to issue up to 300m new shares. The company says that the proceeds of the programme will be used,” to pay down the company’s revolving facility agreement enabling the company to pursue further attractive investment opportunities”. and that it plans to issue the shares, over the next […]

14 Apr 2016

Scottish Oriental says sterling weakness outweighed poor performance of Asian markets

Scottish Oriental Smaller Companies has published its interim results for the six-months ended 29 February 2016. During the period the trust’s NAV per share increased by 5.9% in total return terms, while the MSCI AC Asia ex Japan Index recorded a sterling adjusted increase of 3.1 per cent and the MSCI AC Asia ex Japan […]

14 Apr 2016

The Renewables Infrastructure Group looks to raise further capital

The Renewables Infrastructure Group has announced proposals to issue up to 300m new ordinary shares (and/or c shares) in the company to take advantage of investment opportunities going forward. The proposals are conditional on the approval of shareholders at an EGM, which is currently scheduled for 4 May 2016, and the company expects to publish a prospectus […]

13 Apr 2016

Weiss Korea Opportunity benefits from Samsung buy-backs

Weiss Korea Opportunity Fund says, during the period from 31 December 2014 to 31 December 2015, the company’s NAV per share increased by 11.70%, outperforming the reference MSCI Korea 25/50 Capped Index, which returned -1.1% in Sterling terms. The company paid a dividend of 1.8580 pence per share on 26 June 2015. The Directors intend to return […]

13 Apr 2016

Nimrod Sea Assets to hand back uninvested cash

Nimrod Sea Assets had an investment period of 18 to 24 months.  Any cash which had not been invested or committed at the end of this investment period was to be returned to shareholders as soon as practicable. The Board had anticipated being in a position to return the unrequired, uninvested cash to shareholders after March […]

12 Apr 2016

Ranger Direct hopes to raise new capital to take advantage of SME lending opportunities

Ranger Direct Lending, which listed on the London Stock Exchange on 1 May 2015, has announced its annual results for its initial period from 10 April 2015 to 31 December 2015. During the period, the company’s NAV grew by 2.45%, whilst its share price grew by 2.50%. The company also paid 8.36p per share providing a […]

12 Apr 2016

Juridica gets result in two cases

Juridica, a provider of strategic capital for corporate legal claims to both businesses and the legal markets, provides the following portfolio update. Two cases in the Company’s portfolio have reached settlement, with one being a definitive settlement agreement and the second being a partial settlement agreement and this latter case is ongoing. Gross proceeds from […]

11 Apr 2016

Alpine Select takes control of Altin

Altin has announced that, as of Friday, Alpine Select owns 50.01% of Altin AG’s shares. If Altin was a UK company this would trigger a bid for the rest of the company at the highest price Alpine Select paid for its additional stock. We will bring you more information when we have it. AIA : […]