Next Energy Solar is buying two more plants – the 20.0MWp Cock Hill solar power plant and the 8.0MWp Llwyndu solar power plant. The Cock Hill plant is located in Wiltshire, and is to be accredited under the 1.4 Renewable Obligation Certificate (“ROC”) regime. They say construction of the plant has already begun, with internal roads […]
Geiger Counter’s results for the year ended 30 September 2014 show the net asset value falling from 31.3p to 26.9p and the share price flat at 24.75p. The Uranium price has improved (it was $43 when they wrote their statement, having touched a low of $28) and they believe this is a reflection of where […]
RIT Capital has announced that it is buying GVO Investment Management (GVOIM), the investment manager for Strategic Equity Capital (SEC) and is also taking a stake in that fund. The announcement says GVOIM will continue to operate as a separate legal entity with the same autonomous management team, structure and investment process. Stuart Widdowson and […]
Mirland has released a statement this morning describing the effects of the collapse in the value of the Rouble vs. the US dollar on their business. they say “the extreme currency devaluation may have severe implications on the ability of tenants to meet their obligations and thus affect the Company’s financial results and liquidity”. Mirland […]
Trinity Capital’s net asset value fell from 13.4p to 9.4p over the six months that ended on 30 September 2014. 2.5p of that fall related to a distribution that the company made to its shareholders. 1.3p of the fall relates to losses (both realised and unrealised) on the fund’s investment in SKIL Infrastructure. Today the […]
GCP Infrastructure has published its annual results for the year ended 30 September 2014. The return to shareholders over that period was 15%. 7.6p of that came as dividends. The fund expanded quite a bit (by £170m) over the year and since the year end. The manager says that certain areas of the infrastructure market […]
New City Energy results for the year to the end of September 2014 show a negative return on net assets of 5.8%. The share price fell by 8.8%, ending the year at a discount of 17.0%. The dividend was increased by 7.4% to 2.04p but was uncovered by earnings. The manager’s report gives no indication of […]
New Europe Property is paying €82m in cash and taking on bank debt of €83m in exchange for three companies that own the Aupark Kosice Mall, the Aupark Kosice Tower and Malinovsky Barracks (a 4.1 hectare site located in the centre of Kosice). Kosice is a town in Slovakia with about 240,000 residents. The biggest employer is […]
The Ottoman Fund Limited has announced that it has discovered unauthorised expense payments that have seem to have been made from its Turkish subsidiaries. These total less than $2m it believes. It has appointed a firm of forensic accountants to look into the matter and says it is consulting advisers to see if it can […]
Adamas Finance Asia is getting $25m from the redemption of the convertible bond it holds in Global Pharm Holdings. ADAM will receive an initial payment of US$2.4 million on 31 December 2014, a further US$9 million on 31 March 2015 and a final payment of US$13.6 million on 30 April 2015, yielding an aggregate of […]
