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 […]
TR Property results for the year ended 31 March 2014 were good. The Company’s benchmark delivered a total return of 14.9%, just ahead of the return on the IPD index of 14.0%. The total return on net assets over the year was 22.4% and the return to shareholders was 37.7% as the discount narrowed to […]
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 […]
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 […]
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 […]
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 […]
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..
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 […]
GCP Infrastructure Investments is investing £7m in loan notes issued to fund a small hydroelectric scheme based in Scotland. The total value of the loan notes is £7m and the money is being lent at 9% per annum for a period of about 18 years. The scheme generates almost 2MW of electricity and is already […]
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 […]
