Lazard World Trust Fund lost continuation vote – The board of Lazard World Trust Fund has announced that at the Annual General Meeting held yesterday at 3:00 p.m. (Luxembourg time), all resolutions were duly passed with the exception of Resolution 1 (the approval of the continuation of the company). As Resolution 1 has not been passed, it […]
Woodford Patient Capital writes up value of Industrial Heat – Woodford Patient Capital has added 8p to its NAV by writing up the value of Industrial Heat by 357%. This is now valued at $112.9m, which represents an increase of 8.02p per share of WPCT compared to the NAV published on Thursday 20 September 2018, […]
Polar Capital Technology helps New Star beat its benchmark – New Star Investment Trust has announced results for the year ended 30 June 2018. It delivered an NAV return of 6.5% which compares to 4.9% for the IA Mixed Investment 40% – 85% Shares (on averahe) and 9.5% for the MSCI AC World Index. A dividend of 0.8p […]
Tufton Oceanic invests US$12.9m in a Handysize Bulk Carrier – Tufton Oceanic Assets (SHIP) has agreed to acquire a Handysize Bulk Carrier for $12.9m. What is a Handysize Bulk Carrier? Handysize is a naval architecture term for smaller bulk carriers or oil tanker with deadweight of up to 50,000 tonnes. Their small size allows Handysize vessels to enter […]
Gore Street makes its two further energy storage investments- Gore Street Energy Storage Fund (GSF) has announce the acquisition of two additional UK energy storage projects with a combined installed capacity of 19 MW. This is Gore Street’s first investment following the acquisition of the two seed assets in June 2018 and the successful IPO of the fund on 25 May […]
PRS REIT buys two sites and agrees to buy a further three – The PRS REIT (PRSR) has announce that it has acquired a development site for the construction of 145 new family rental homes, with a gross development cost of c. £15.2m, and purchased a newly-completed Private Rented Sector (PRS) site, comprising 63 family homes for c. […]
BioPharma Credit extends loan to Amicus – BioPharma Credit (BCPR) has entered into a $150m, five-year loan agreement with Amicus Therapeutics, a US-based biotech focused on rare disease. The senior secured loan will have a 2.0% additional consideration and bears interest at Libor plus 7.5% subject to a floor of 1% and certain caps. The loan is interest […]
SQN Secured Income Fund – strategic review “paying dividends” – The annual report for SQN Secured Income Fund (SSIF) for the 12 months to 30 June 2018 has been released. The NAV and share price of the company (on a total return per share basis) rose by +5.4% and fell by -0.5% respectively. The foreign exchange exposure on non-Sterling assets (24.62% […]
Aberdeen Frontier Markets held back by Pakistan holdings – Aberdeen Frontier Markets (AFMC) has reported its annual report for the year ended 30 June 2018. In his statement, the chairman noted that absolute and relative performance was disappointing during the year. The company’s NAV per share and share price total returns in US dollars were -10.3% and -12.0%, respectively. This performance compared to a gain of 1.7% for the reference benchmark, […]
JPMorgan Global Growth & Income releases its 12 month results – The NAV of JPMorgan Global Growth & Income (JPGI) delivered a total return of +8.2%, whereas the company’s benchmark, the MSCI AC World Index rose by 8.9% (in sterling terms). The company’s share price returned 10.5% on the same basis, which reflects a narrowing of the discount to NAV. Performance Stock selection was the biggest […]
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