Investment Company News

28 May 2014

HICL Infrastructure : HICL – completes two acquisitions

HICL Infrastructure has announced that a deal to acquire a 19.2% interest in the Bradford Schools Building Schools for the Future project, including Buttershaw school (pictured) has now completed.  This project was mentioned in HICL Infrastructure’s prospectus dated February 2013. At the same time they said that the investment in a desalination project in Australia announced earlier […]

28 May 2014

Caledonia Investments : CLDN – final results

Caledonia Investments‘ numbers for the year ended 31 March 2014 show a 14.9% total return on net asset value. The dividend was increased from 47.2p to 49.1p. Notable transactions in the portfolio included the disposals of Amber Chemicals and Oval, the insurance broker, and the acquisition of Park Holidays and Choice Care Homes. Notable contributors to […]

28 May 2014

Polo Resources : POLO – acquisition

Polo Resources is upping its stake in Blackham Resources by acquiring a 49% stake in Perfectus Management Limited which in turn owns 15% of Blackham Resources. The consideration for the deal is A$1m and A$2m worth of shares in Polo Resources which are being issued to Perfectus at a 15% premium to the current share […]

28 May 2014

Edinburgh Investment Trust : EDIN – results

Edinburgh Investment Trust has published its results covering the year ended 31 March 2014, they show that the NAV total return for the year was 14.4% – well ahead of the 8.8% return on the FTSE All-Share Index. The portfolio delivered 12.5% of the return and the balance came from the gradual unwinding of fair value effect of […]

28 May 2014

McKay Securities : MCKS – results and acquisition

McKay Securities has announced it results for the year ended 31 March 2014. Over the year the company’s EPRA NAV fell from 238p to 227p. The final dividend was raised a little – the full year dividend rose from 8.5p to 8.6p. McKay Securities raised an additional £87m of equity capital in February. They had […]

27 May 2014

Custodian REIT : CREI – acquisition

Custodian REIT has made its second acquisition – spending £2.5m to buy the site of a Toyota car dealership in Peterborough. The property has a 25,724 sq ft showroom and workshop on a 1.6 acre site. The rent is £225,500 per annum (an initial yield of 8.5%) and the tenant is Marshall Motor Group..

27 May 2014

Livermore Investments Group Limited : LIV – annual results

Livermore Investments, controlled by Noam Lanir (pictured), has released results for the year ended 31 December 2013. The numbers, while somewhat out of date now, show that, over 2013, Livermore Investments net asset value per share fell slightly from $0.87 to $0.86 ($173.0m to $168.4m). Income from Livermore’s CLO investments was offset by a fall in […]

27 May 2014

Qannas Investments : QIL – sale of Marina 101

Qannas Investments has sold its investment in Marina 101 to Sheffield Holdings Limited (which developed it) and will receive proceeds of AED 60.3m ($ 16.4m), making a 51% return on its investment in two years, equivalent to an IRR of 22.8%.

27 May 2014

Cambria Africa : CMB – acquisition

Cambria Africa is issuing 5.5m shares to buy Chemicals & Marketing Company Ltd, based in Malawi. Cambria Africa says that the deal gives its Millchem subsidiary access to a national chemical distribution network across Malawi and that it “has a strong asset base for logistics and production and also provides Millchem with new supplier relationships, a large […]

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