Balfour Beatty, which rejected a bid of £1bn for its infrastructure assets from John Laing Infrastructure Fund in December 2014, has now upped its estimate of the value of these assets to £1.3bn. The Board cite “lower discount rates and revised cash flow assumptions on the UK portfolio and improved cash flow assumptions on the […]
Riverstone Energy is committing C$75m towards a C$465m investment in CanEra Inc. CanEra Inc. is a newly-formed, Calgary-based oil and gas company. This is the third partnership that Riverstone Holdings (the company behind Riverstone Energy) has entered into with CanEra’s management team which includes J. Paul Charron (pictured). The previous two ventures were CanEra Resources Inc. […]
Workspace Group has announced that it has bought Edinburgh House, SE11 for £25.3m and Peer House, WC1 for £6.1m. Edinburgh House is a prominent building in Kennington, close to Oval and Kennington Underground stations, the Vauxhall transport hub on London’s South Bank and Workspace’s existing cluster of properties in this area. Originally constructed in the 1970’s and […]
3i Infrastructure has announced an agreement to sell its stake in Eversholt Rail Group, to CK Investments S.A R.L., generating net proceeds of £358m. At 48.7%, this is a significant uplift on the 30 September 2014 valuation of £240.8m. The transaction is expected to close in March 2015. Eversholt is one of three leading rail stock companies in […]
Origo Partners has announced that all the resolutions put forward at the Extraordinary General Meeting on Friday were defeated. Brooks MacDonald requisitioned the meeting in November with the aim of removing Origo’s existing directors (except Chris Rynning) and appointing Brett Miller and Rhys Davies with a mandate to sell off Origo’s assets. The announcement says that between […]
Bankers Investment Trust has published its results for the year that ended on 31 October 2014. The net asset value rose by 1.5% while the FTSE All-Share Index fell by 2.3%. The full year dividend was increased by 4.7% to 14.8p and the Board is forecasting a dividend of at least 15.5p for the current […]
Fair Oaks Income has announced its first dividend since it launched in June 2014. Shareholders on the register on 30 January will get a 4.25 cent per share dividend. the Board of Fir Oaks has decided that the fund will now shift to paying monthly dividends, with the first of these payable in February. Fair […]
British Assets’ results for the year ended 30 September 2014 show the fund generating a return on net assets of 6.6%. This compares to a return of 7.3% on its benchmark (80 per cent FTSE All-Share Index and 20 per cent FTSE World (ex UK) Index). The return to shareholders over the period was 6.3%. […]
TwentyFour Select Monthly Income has published results covering the period from its incorporation on 12 February 2014 to 30 September 2014 (it listed on 10 March 2014). On the income side of things, dividends in the period totalled 3.07p and they continue to target payments of 0.5p per month. The net asset value at the […]
Summit Germany has announced that it has raised €120m from investors by way of a placing of 171.4m new shares at 70- cents per share. They plan to use the money to expand the portfolio and have identified an office portfolio worth the full €120m which they are now negotiating on, part of this will […]
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