Aurora Russia is selling its last investment, a minority interest in Unistream Commercial Bank. They expect to get total proceeds of $4.975m in cash and believe the sale process will be completed by no later than 31 December 2015. Following the disposal of Unistream, the Board intends to consider proposals to hand back the cash proceeds in a cost […]
Schroder UK Growth Fund has announced its interim results for the six-months ended 31 October 2015. During the period, the Company’s NAV produced a total return of -5.3%, marginally outperforming its benchmark, the FTSE All-Share Index, which provided a total return of -5.7%. The share price produced a total return of -5.7%. The company has […]
Black Sea Property says it has been advised that the acquisition of properties that it is considering would not satisfy AIM that it was implementing its investment policy. The effect of this is that the company will have its admission to listing cancelled on 16 January. The Board are mulling their options and will shortly […]
Over the year to the end of September 2015, Schroder UK Mid Cap Fund’s net asset value produced a total return of 8.2%, compared to a total return of 12.7% for its benchmark, the FTSE 250 (ex-Investment Companies) Index. The share price produced a total return of 5.0%. The full year dividend increased 8.2% to […]
Bluefield Solar Income fund has announced that it has made three sub-5 MegaWatts peak (MWp) solar plants. The three assets include a 4.7 MWp plant in Lincolnshire and two 4.99 MWp plants in Norfolk. The three are being acquired for a total consideration of £16.5m including transaction costs and working capital. Each plant is expected […]
Honeycomb Investment Trust has listed on the Specialist Fund Market of the London Stock Exchange raising £100m. The trust’s investment manager is Pollen Street Capital, the former private equity business of the Royal Bank of Scotland, which is headed by Lindsey McMurray. Pollen Street describes itself as a private equity fund manager focussed on investing […]
Graphite Enterprise Trust has announced that Intermediate Capital Group plc (ICG) has been appointed as the trust’s investment manager. This follows ICG’s acquisition of the private equity fund investment business of Graphite Capital Management LLP. The change of manager is expected to take effect on 1 February 2016 and Graphite Enterprise will be renamed ICG […]
MedicX Fund has announced that it has contracted to acquire, by way of forward funding, a new primary healthcare medical centre in Crumlin, a suburb of Dublin. The property is due to be completed in January 2017 and will be let to the Health Service Executive, a number of GPs and associated medical service providers. […]
Globalworth Real Estate Investments has announced that it has closed the acquisition, of Green Court Building B, Bucharest, from Skanska Romania. The transaction was effected through the acquisition of 100% of the shares of SPC Gamma Property Development Company s.r.l., the company owning the asset, for a consideration of circa €45m. Of this, €20m was […]
JPMorgan Chinese has published results for the year ended 30 September 2015 that show that discount widening resulted in a -7% return to shareholders despite the NAV return coming in at -0.2%, very close to the performance of the MSCI Golden Dragon Index of 0.0%. There is a dividend of 1.8p up from 1.6p last […]
