Dexion Absolute has consulted shareholders about its idea to amend its investment strategy and decided not to take it forward. Instead the directors have said that if any class of shares trades at an average 5% discount or wider for the three months from 1 July 2015 to 30 September 2015 or from 1 January 2016 […]
The international gold price was fixed in London this morning at US$1,096.80/oz; the lowest am fixing since March 2010. The gold price declined 4% at the beginning of this week after heavy selling in thin markets. Bloomberg reports that a Goldman Sachs analyst is predicting that gold could fall below US$1,000/oz on a more positive […]
Temple Bar, managed by Alastair Mundy (pictured) has released its interim results for the half year ended 30 June 2015. During this time, the trusts NAV total return of 4.5% beat that of the FTSE All-Share Index of 1.5%. The biggest contributor during the period was TNT Express, which received a bid from Fedex, whilst building products […]
NextEnergy Solar Fund has announced that it has signed a £22.7m debt facility with NIBC Bank. This has been drawn down in full to finance its Cock Hill and Llwyndu projects (the total investment in the projects combined amounts to £32.7m). The facility has a 12-month duration, with a further 12-month extension available. The company […]
Shaftesbury, the REIT focused on London’s West End, saw an announcement yesterday from entities controlled by the ‘Lee Family’ (principally through Mr Samuel Tak Lee) of a tender offer to acquire up to 9.3% of the shares in Shaftesbury at a price of 888p per share. If the tender is successful, the Lee family will control 13.2% […]