One year extension for BECAP Fund- Better Capital (BCAP) has announced that it has consented to an extension of BECAP Fund (the 2009 fund) of one further year to 17 December 2019. The board considers that a further extension to the 2009 fund will help to provide an appropriate time frame in which the general partner of the […]
Baker Steel Resources’ share price rises 63.5%, discount narrows from 40% to 5.5% – Baker Steel Resources (BSRT) released its final report for the full year to 31st December 2017. The chairman noted that commodity prices consolidated on the gains made the previous year and then moved forward again towards the end of the year on the […]
Weiss Korea Opportunity underperforms but long-term record remains intact – in its report for the full year to 31st December 2018, Weiss Korea Opportunity (WKOF) reported that the NAV of the company increased by 29.4% on a total return basis. The reference benchmark, the MSCI Korea 25/50 Net Total Return Index returned 32.6% in GBP. The share […]
Positive annual statement from ICG-Longbow Senior Secured UK Property Debt – These are the highlights from annual financial statements for the year ended 31 January 2018 from CG-Longbow Senior Secured UK Property Debt Investments (LBOW): Performance NAV of £117.98 million as at 31 January 2018 (31 January 2017: £112.33 million). NAV total return +5.3%. Share price […]
Woodford Patient Capital Trust releases full year results to 31 December 2017 – Woodford Patient Capital Trust (WPCT) announced its audited financial report for the year ended 31 December 2017. The Company’s NAV declined from 93.24p to 91.73p or by -2.0% on a total return basis during the year under review. The share price fell by 7.2% on the same basis. […]
Manager change for Invesco Perpetual Enhanced Income – Invesco Fund Managers Limited have written to the board of Invesco Perpetual Enhanced Income (IPE) telling them that it intends to stand down as manager of the fund. The investment manager is required to give twelve months notice in writing. The board has replied to the manager acknowledging its intention to withdraw […]
Continued strong performance from ICG Enterprise Trust – ICG Enterprise Trust (ICGT, formerly Graphite Enterprise) is an investment trust listed on the London Stock Exchange with a diversified portfolio of private equity assets. The company has released its results for the year ending 31st January 2018. Here are the headlines from the companies news release: NAV […]
Hg uplift on NAV of 17p per share on disposal – Hg Capital Trust (HGT) has announced the disposal of one of its portfolio companies. Allocate Software, which is an international provider of healthcare workforce management software has been sold to Vista Equity Partners. Hg will realise estimated cash proceeds of approximately £19.9m on completion of this […]
WPCT investors nervously await key Prothena data readout Investors in Woodford Patient Capital Trust (WPCT) should watch for a key data readout from US-listed but Ireland-based Prothena (NASDAQ:PRTA) expected anytime in the next few weeks, which could potentially add up to 5% to the value of the trust in event of a positive result but reduce […]
Foresight Solar acquires five UK solar assets – Foresight Solar Fund (FSFL) has acquired a 100% interest in a portfolio of five operational solar parks located in the UK (and a 0.5MW onshore wind asset) with a total installed capacity of 53.3 MW. The company has purchased the economic benefit of all project cash flows from 1 January 2018. […]
