Advance Developing Markets has announced its annual results for the year ended 31 October 2015. During the year, the Company’s NAV declined by 8.1% compared thereby outperforming its MSCI Emerging Markets Index benchmark, which fell 11.4%. The share price fell by 9.5%, which reflects a modest widening in the discount. The average discount during the […]
Bluefield Solar has secured an amended credit facility agreement and has made six acquisitions (three of which were announced in December). The six additional solar photovoltaic plants have an energy capacity totalling 104.5 MWp. The total consideration is £149m, including transaction costs, debt costs and working capital and they are using their new credit facility to fund this. The new credit […]
Drum Income Plus REIT has provided an update that covers the period from its launch on 29 May 2015 to 31 December 2015. The company listed on the London Stock Exchange on 29 May 2015 raising gross proceeds of £31.9m. During the period to 31 December 2015, the company acquired four properties for total of […]
Damille Investments II has announced its annual, results for the year ended 30 November 2015. During the period, the company’s NAV per share fell by 1.2% to 102.15p per share (30 November 2014: 103.35p). The portfolio remains focused on discount opportunities. The company’s shares have consistently traded at a discount during the last twelve months […]
Electra Private Equity has announced that it is reviewing the Company’s investment strategy and policy and its structure. The announcement says that the review “will look at all options for maximising long-term shareholder value” although it does not give additional detail on what these various options might be. However, the board say that they presently […]
Aurora Investment Trust has provided and update regarding change of manager, tender offer and appointment of Corporate Broker. The Company confirms that it has now agreed the provisions of the new investment management agreement appointing Phoenix Asset Management Partners Limited as the Company’s investment manager in accordance with the terms previously announced. The appointment is […]
LondonMetric Property has announced that it has exchanged contracts to sell the Odeon Multiplex Cinema, in Preston, for £10.2m. The sale reflects a net initial yield of 5.75% and the buyer is the Blackrock UK Long Lease Property Fund. The 33,000 square foot property has ten screens and is let to Odeon Cinemas Ltd for […]
Damille Investments II has announced that a redemption offer is to be put forward to shareholders for the financial year ending 30 November 2016. Under the redemption offer, each Shareholder can elect to redeem up to 15 per cent. of their shareholding at a price equal to the unaudited Net Asset Value per Share as […]
HICL Infrastructure has announced that it has made an incremental investment in the Sheffield Schools PFI Project in conjunction with its existing joint venture partner, Kajima Partnerships Limited, from the Kier Group Pension Scheme for a consideration of £4.1m. The HICL Group and KPL have an existing joint venture holding company, in which the HICL […]
River & Mercantile UK Micro Cap, managed by Philip Rodrigs (pictured) has announced its annual results for the period ended 30 September 2015. The trust, which was admitted to trading on the London Stock Exchange on 2 December 2014 having raised £50.6m, has during the ten months to 30 September 2015 grown its NAV to […]
