Investment Company News

17 Sep 2014

Sherborne discloses why it targeted Electra

ELTA : Sherborne discloses why it targeted Electra Sherborne has today published a long letter that it is asking Electra to send to its shareholders that sets out its reasons for targeting Electra. Sherborne has compared Electra’s performance to the FTSE 250 index from 2004 and, from 2009, unlisted “private equity funds of similar size” and […]

17 Sep 2014

Premier Energy and Water scheme effective

PEW : Premier Energy and Water scheme effective Premier Energy and Water has announced that its scheme to move its zero dividend liabilities into a separate company has become effective today. The scheme will allow the fund to prolong its life beyond 2015.

17 Sep 2014

GCP Student Living first results ahead of target

DIGS: GCP Student Living first results ahead of target GCP Student Living has published its first set of results. These show that it made an annualised total return of 11.5% for the period that ended on 30 June 2014 – ahead of its 8%-10% per annum target. Shareholders got 6.1p in dividends. The triple net […]

16 Sep 2014

Good year for Qatar Investment Fund

QIF : Good year for Qatar Investment Fund Qatar Investment Fund’s net asset value rose by 21.6% over the year to end June 2014, lagging the Qatari stock market which rose by 23.9%. The total return to shareholders over the year was 29.1%, this includes a 3.2 cent dividend. A 3.5 cent dividend is proposed […]

16 Sep 2014

Utilico on track to repay zeros

UTL : Utilico on track to repay zeros Utilico Investments results for the year to 30 June 2014 show the fund generating a total return per share of 18.1%. This compares to 13.1% for the FTSE All-Share Index over the same period. The Board has decided to reduce the fund’s gearing by cutting the overall […]

16 Sep 2014

Invesco Perpetual UK Smaller outperforms

IPU : Invesco Perpetual UK Smaller outperforms Invesco Perpetual UK Smaller Companies interim results for the six months ended 31 July 2014 show the fund outperforming the Numis Smaller Companies ex Investment Companies Index over the period – it generated a total return on net assets of -1.6% vs. -2.9% for the index. The Chairman […]

16 Sep 2014

Schroder Real Estate sells last of Wembley site

SREI : Schroder Real Estate sells last of Wembley site Schroder Real Estate has sold the last part of its site in Wembley with the disposal of the Olympic Office Centre for £15.4m. The sale price is £4.65m higher than the valuation attributed to the site at the end of June 2014 and equates to […]

15 Sep 2014

Riverstone investment Eagle Energy buys into Mississippi Lime

RSE : Riverstone investment Eagle Energy buys into Mississippi Lime Riverstone Energy has announced that Eagle Energy Exploration LLC (known as Eagle II) has invested $195m to acquire 20,000 acres in Alfalfa, Grant and Woods counties in Oklahoma. These properties are currently producing hydrocarbons from the Mississippi Lime geological formation. The founders of Eagle Energy, […]

15 Sep 2014

Chenavari makes fourth investment

CCSL : Chenavari makes fourth investment Chenavari Capital Solutions has invested £4m in a new investment. The investment effectively takes the first loss incurred by a book of leveraged loans financed by an unnamed bank. The underlying borrowers are primarily European and UK corporates with credit ratings higher than B-. No more than 2.5% of the […]

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