NextEnergy Solar Fund has bought a solar plant in Bilsham, Sussex that is being developed by BNRG Renewables. The plant is being built in two phases – one of 12.5MW and another of 2.5MW. NextEnergy Solar Fund will hand over £15m for the plant once it is awarded its preliminary acceptance certificate (expected August 2014). The […]
ARC Capital has been trying to sell its holding in Funtalk China Holdings. Shareholders have approved the deal but today ARC Capital Holdings has announced that one of the other conditions that needed to be satisfied before the deal could take place has not been fulfilled yet – namely that PAG Asia I LP (a vehicle […]
Artemis Alpha Trust has released results for the period ended 30 April 2014. It generated a net asset value total return of 13.3% for the period, ahead of the 10.5% return generated by the FTSE All-Share Index. The dividend increased from 3.05p to 3.2p. The fund’s discount widened however so the return to shareholders was […]
Real Estate Investors has sold Cathedral Place, 42-44 Waterloo Street, Birmingham to Can Like UK for £4.6m. This price equates to an initial yield of 4.1%. They say that other disposals are on the cards. Real Estate Investors has also updated the market on the position of the company as at 30 June 2014. All of […]
Small Companies Dividend Trust has published its anual accounts for the year ended 30 April 2014. It was a remarkable period for the fund as its net asset value per share rose by 37.9% and its share price by 46.3%. By contrast the MSCI UK Small Cap Index rose by 19.3%. The discount narrowed from […]
NextEnergy Solar Fund has bought a solar plant in Bilsham, Sussex that is being developed by BNRG Renewables. The plant is being built in two phases – one of 12.5MW and another of 2.5MW. NextEnergy Solar Fund will hand over £15m for the plant once it is awarded its preliminary acceptance certificate (expected August 2014). The […]
Burford Capital has released a trading update covering the six month period to the end of June. They say that, since the inception of the fund, 26 investments have generated $173.9 million in gross investment recoveries and $67 million net of invested capital, producing a 63% net return on invested capital. They go o to say […]
LondonMetric Property has a joint venture with Universities Superannuation Scheme called Metric Income Plus Limited Partnership. this joint venture is buying Trostre South Retail Park in Llanelli from Benesco, a charity, for £12.8m, equivalent to a net initial yield of 6.8%. The 75,400 sq ft Tostre South Retail Park is let to B&Q, Pets at Home and KFC […]
Over the year to the end of March 2014, Oryx International Growth’s net asset value rose by 43.1% – outpacing the FTSE Small Cap Index by some margin (the index returned 17.5%). The main drivers of performance within the quoted portfolio were Essenden (the ten pin bowling company), up 200%; MJ Gleeson, up over 90%; Goals Soccer Centres, up over […]
Duet Real Estate Finance has announced that “loan 13” has been fully realised (because the underlying asset that it was secured against has been sold) and that the return on the investment was “in-line with its investment criteria”. Whilst that statement is not too informative, Duet Real Estate Finance has said that the net effect of […]
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