PMEA : PME Africa signals delay to portfolio sales PME Africa has reported an unchanged NAV for the half year to 30 June 2014 of $046. As shareholders rejected its proposal to become a rail transport company, PME Africa is focused on managing its remaining assets and finding buyers for them. The property they own […]
IIP : Flat NAV at Infrastructure India Infrastructure India’s results for the year ended 31 March 2014 have been published today. As the figures are almost six months old they probably aren’t much use for investors but the company has released more detail on the progress of its investments. The net asset value decreased marginally […]
GLIF : GLI Finance secures £30m borrowing facility GLI Finance has announced that it has arranged a borrowing facility with Sancus, one of the platforms it is invested in. Under the terms of the facility it can draw down £10m initially and a further £20m at a later date. The interest rate on the facility […]
NAS : North Atlantic Smaller Companies thinks markets fully valued North Atlantic Smaller Companies interims for the six months ended 31 July 2014 have been released. These show the net asset value rising by 4.4% over the period (after adjusting for the dilutive effect of the convertible loan stock and valuing the holding in Oryx […]
OCL : Oakley Capital buys majority stake in Facile.it Oakley Capital, through OCPE II Master LP, is investing €27m into the acquisition of a majority stake in Facile.it, Italy’s largest car insurance broker and online price comparison website. Oakley is excited by the prospects for the business – just 10% of car insurance is bought […]
ADAM : Adamas Finance NAV hit by dilutive issue Adamas Finance Asia saw its net asset value per share fall from 20.2 cents to 6.9 cents over the six months that ended on 30 June 2014. The principal reason for this was the fund’s issue (as a result of a reverse takeover) of 1.5bn shares at 6 […]
LBOW : ICG Longbow fully invested and on track ICG Longbow has deployed all the money it raised and is generating sufficient income to pay the 1.5p per quarter dividend it promised investors. A little money has been repaid early and the company says it is looking to redeploy this capital but it cautions that […]
DCI : Dolphin Capital seeking funding for Jack Niklaus Golf resort Dolphin Capital has announced results for the half year to end June 2014. The net asset value rose by 5.7% over the period to €0.99 (€0.86 taking deferred taxes into account). They report progress at Amanzoe with one villa sold, more sales under discussion […]
GLIF : GLI Finance portfolio repositioning continues GLI Finance has announced its interims for the six months ended 30 June 2014. Over that period the net asset value fell from 49.99p to 48.53p – in part because of the strength of Sterling affecting the value of its dollar assets. It made a return on equity […]
CREI : Custodian UK REIT looking to raise £20m Custodian UK REIT has announced that it is seeking to raise £20m by issuing new shares at 104.75p – a 5% premium to NAV. UPDATE 3rd October In the end Custodian REIT raised £25m – the Board said the issue was 2significantly oversubscribed” and so, “in […]
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