Aberdeen Private Equity bites the dust – Following consultation with Aberdeen Private Equity’s largest shareholders and an extensive process to identify potential purchasers, the board has announced that the company has entered into a sale and purchase agreement (the “SPA”) to sell its entire investment portfolio at a modest premium to its 31 October 2017 […]
Investment Trust Insider on Biotech – inspired by the launch of our biotech news service on QuotedData, I wrote something for Citywire that looks at some of the exciting stories that have been published just in the last couple of weeks. James Carthew: biotech boom boosts generalist trusts This week I am returning to the […]
3i Infrastructure sells Anglian Water stake – 3i Infrastructure has agreed to sell its stake in Anglian Water Group, the parent company of Anglian Water, the supplier of water and water recycling services to over six million domestic and business customers in the east of England and Hartlepool. The acquirer is a consortium of Dalmore Capital […]
NextEnergy buys two more plants – NextEnergy Solar has announced the signing and completion of two share purchase agreements for the acquisition of two operating solar plants with a total installed capacity of 8.6MWp. The plants were acquired from different counterparties and comprise Gilley’s Dam (5.0MWp, Cornwall) and Pickhill Bridge (3.6MWp, Wrexham). Gilley’s Dam was […]
FastForward Innovations has announced that a transaction involving its investee company Nuuverra Corp, in which FastForward has an effective holding of 3.75%, has received conditional approval from the TSX Venture Exchange. In summary, Mira IX Subco Inc., a wholly-owned subsidiary of Mira IX, will amalgamate with Nuuvera. Prior to closing of the Transaction, it is […]
Henderson Alternative Strategies Trust (HAST) has announced its annual results for the year ended 30 September 2017. During the period, HAST provided an NAV total return of 10.8% and, reflecting a marked narrowing of the discount, a share price total return of 19.8%. The share price performance is superior to that of the company’s benchmark, […]
Ranger slashes NAV again – Ranger Direct Lending has announced that it will make a further provision against Princeton/Argon and this will amount to a hit of about 3.8% to the end September NAV. The full text follows: “Further to the Company’s announcements regarding the bankruptcy proceedings in respect of Argon Credit, LLC and Argon X, […]
Lowland extends its run of above average dividend increases – Lowland’s NAV total return was 17.0% for the year ended 30 September 2017, compared with the benchmark All-Share Index return of 11.9%. Three interim dividends of 12.0p have been paid and a final dividend of 13.0p is proposed, total dividends for the year will amount to […]
JPMorgan Indian loses out as HDFC foreign premium shrinks – JPMorgan Indian Investment Trust says that, for the year ended 30th September 2017, the MSCI India Index (in sterling terms), returned +10.5%. The company produced a return on net assets of +9.0% over the year. However, the return to shareholders was ahead of the benchmark, […]
EP Special Opportunities dives on Luceco profit warning – EP Special Opportunities’ shares are 23.3% lower at lunchtime today (15 December) following a profit warning from its largest investment. Luceco profit warning Luceco made the following announcement this morning “Luceco plc, the manufacturer and distributor of high quality and innovative LED lighting products, wiring accessories […]
