Macau Property Opportunities focused on sales efforts – Macau Property Opportunities Fund Limited has announced its results for the year ended 30 June 2017: Highlights: MPO’s portfolio value appreciated 9.7% over the year to US$425.7 million. Adjusted NAV grew 10.2% year-on-year to US$249.3 million, equating to US$3.26 (250 pence*) per share. IFRS NAV increased by […]
Pantheon to combine share classes – Pantheon International plans to effect the consolidation of its ordinary and redeemable share capital into a single class of ordinary shares. The Proposals include the issue of an unlisted Asset Linked Note (the “ALN”) to the largest holder of Pantheon’s redeemable shares in exchange for part of its shareholding. […]
Auditor declines to offer opinion on Infrastructure India accounts – Infrastructure India has published results for the year ended 31 March 2017 – which are, of course, somewhat out of date now. They say that the Net Asset Value decreased to £282m as at 31 March 2017 and the NAV per share was […]
No plan to tackle Ranger’s discount – Ranger Direct Lending has published its interim statement covering the six month period ended 30 June 2017. As Christopher Waldron, the chairman, points out, the first six months of 2017 has been a difficult period for Ranger Direct Lending, which has seen its share price fall to a […]
Syncona backs Autolus fund raise – Syncona has announced that its portfolio company, Autolus, has completed a US$80 million Series C funding round. Autolus is a clinical-stage biopharmaceutical company focused on the development and commercialisation of next-generation engineered CAR-T cell therapies for the treatment of cancer. Syncona was the single largest investor in the $80 […]
Global Resources writes up Bougainville gold investment – Early this year, Global Resources Investment Trust completed an A$1,250,000 investment in Kalia Holdings Pty Ltd, a private Australian company that is the parent company of a Papua New Guinean registered subsidiary Kalia Investments Ltd. Kalia Investments Limited holds contractual rights to explore for minerals and develop […]
JPMorgan Mid Cap unloved despite beating benchmark – JPMorgan Mid Cap reported a total return on net assets of 30.4%, compared with the benchmark total return of 21.5% for the year ended 30 June 2017. However, the total return to shareholders was 23.4%, reflecting a widening by 5.1 percentage points of the discount which the chairman […]
Large cap focus restrains City of London – City of London Investment Trust has published results for the year ended 30 June 2017. Its returns fell behind those of peers and index benchmarks over the period. City of London’s net asset value total return was 14.5% which was 3.3% behind the size weighted average over […]
Warehouse REIT buys four industrial estates from Hansteen – Warehouse REIT says that, following its admission to AIM on Wednesday 20 September 2017, the board has announced its first pipeline acquisitions, which follows the initial Tilstone Portfolio purchase for GBP108.85 million. The pipeline assets described in the prospectus included four multi-let industrial estates in England which […]
Safestore buys Stork Self storage – Safestore Holdings plc has announced the acquisition of Stork Self Storage (Holdings) Limited (trading as Alligator Self Storage) for GBP56m. Highlights Exchanged contracts to acquire Stork Self Storage (Holdings) Limited (“SSSHL”), the eleventh largest self-storage portfolio in the UK with 12 stores. Consideration of GBP56m (subject to a potential working […]
