PCTN : Picton spends last of cash in Peterborough Picton Property is acquiring two retail units in Peterborough, Cambridgeshire for £9.075m. The adjacent properties are on Bridge Street, a pedestrianised shopping street, have 89,000 sq ft of space and are let to TK Maxx and New Look. The rent is just over £7 p sq […]
MPO : Macau Property Opportunities frees up $33m of cash Macau Property Opportunities has refinanced some of its properties – debt facilities linked to One Central Residences and the Green House in Macao have been extended or renegotiated. the net effect is to free up $33m of cash giving MPO $55m of cash for future opportunities.
BSIF : Bluefield Solar wants to expand onto commercial and industrial rooftops Bluefield Solar Income has published its first Annual Report. This covers the period from the incorporation of the company in May 2013 and the listing of the fund in July 2013 through to the end of June 2014. Over the period the fund […]
SDU : Schroder UK Growth loses manager Schroder UK Growth has announced that Julie Dean is leaving Schroders. The Board has held discussions with Schroders and has resolved that Schroders’ Business Cycle Investment team should continue to run the fund for the moment. However the Board has also said that it “will consult with its […]
ELTA : Electra buys ten pin bowling company Electra is buying The Original Bowling Company – the UK’s largest ten pin bowling operator – for £91m. Electra Private Equity is committing £51m to this. The Original Bowling Company has 43 centres – 29 operating as Hollywood Bowl and 14 as AMF. The announcement says that […]
CRS : Good year for Crystal Amber Crystal Amber’s full year results for the period ended 30 June 2014 show its net asset value climbing by 20.8% to 160.8p. The total return for the year was 21.3% – ahead of the FTSE 250 (16.8%) and the FTSE Small Cap. (19.1%). The report cites positive contributions […]
JEO : Jupiter European lags benchmark Jupiter European Opportunities Trust has published its results for the year ended 31 May 2014. Over that period the net asset value rose by 11.8% vs. 13.4% for the FTSE World Europe ex UK Index. The company’s share price rose by 12.2%. The fund is paying a maintained dividend […]
BHUE : BlackRock Hedge Selector considering its future BlackRock Hedge Selector has released a statement this morning that says “Given the current market capitalisation of the Company and prevailing share price discount, the Board of BlackRock Hedge Selector Ltd announce that they will be undertaking a shareholder consultation in relation to the current investment objective […]
JSS : Jupiter Second Split rollover proposals published Jupiter Second Split Trust is coming to the end of its life. The Board, chaired by Lord Lamont (pictured), have published proposals today that, if approved by shareholders, will allow for a rollover into Jupiter Strategic Reserve Fund – an open-ended fund managed by Miles Geldard, Jupiter Second […]
WKOF : Weiss Korea considering share buy-back in closed periods Weiss Korea Opportunity Fund has published its interim figures covering the first six months of 2014. Over that time its net asset value increased from 106.98p to 131.83p and since then the NAV has appreciated further to 147.65p on 4 September. They also paid their […]
