CatCo Reinsurance Opportunities says its 2016 net asset value return for the ordinary shares was 8.12 percent and 7.27 percent for the C Shares, outperforming the Eurekahedge Insurance Linked Securities Advisors Index by 57 percent and 40 percent respectively. The total Side Pocket Investments (“SPI’s” – money set aside to meet potential claims) held at […]
NextEnergy Solar is pleased to announce the signing of a GBP150 million debt facility with a syndicate of lenders including Macquarie Infrastructure Debt Investment Solutions, National Australia Bank and Commonwealth Bank of Australia. The Facility provides long-term debt financing, with a maturity in 2035 that matches the regulated life of the portfolio, and comprises a mix […]
HgCapital, the Manager of HgCapital Trust, has announced that it has agreed the sale of Zenith, the largest independent vehicle leasing business in the UK, to Bridgepoint in a transaction totalling £750m. HgCapital says that sale of Zenith delivers a 2.9x investment multiple and a 46% gross IRR over the investment period. HgCapital Trust will […]
New City Energy has published results for the year ended 30 September 2016. The total return in net asset value terms was 6.3%. The total return in ordinary share price terms was 28.6%, with the share price ending the year at a discount against net asset value of 14.7%. The chairman says that the investment managers […]
Jubilee Platinum (JLP:AIM) First delivery of chromite concentrate product targeted within the next 2 weeks, after integrating the Recovery Plant into Hernic’s current operations. The tailings from the Chromite Recovery Plant forms the feed to the PGM Recovery Plant. The integration of the two circuits will commence during February 2017. The PGM benefaction plant is expected to […]
Over the year to the end of December 2016, Aberforth Smaller Companies delivered a return on net assets of 5.8%, lagging its benchmark which returned 11.1%. The discount widened and so the return to shareholders was -4.2%. They are paying dividends for the year of 27.35p, which represents an increase of 5.2% on 2015. The […]
Epiris, managers of Electra, have announced the sale of leading insurance claims service provider Davies Group to HGGC, the US based private equity firm, for GBP90 million. Electra has received proceeds of GBP45 million from the sale, an uplift of GBP2 million or 4% on the valuation of its investment in Davies at 30 September […]
Sylvania Platinum (SLP:AIM) Results from its PGM, Sylvania Dump Operations (“SDO”) in the Bushveld region of South Africa, for the quarter ended 31 December 2016 (Q2). The company produced a record 18,562 oz for the quarter, an 8% increase on the previous quarter of 17,257 oz. H1 production was 35,819 oz. The outlook for the […]
Pan African Resources (PAF:AIM) The company issued a trading statement today as their financial results will differ by at least 20% from those of the previous corresponding period. The company estimates that EPS for H2 2016 will be 0.87p to 0.99p which is 45% to 65% higher then the 0.60p EPS for the prior reporting […]
Duet Real Estate Finance has announced that full repayment of all principal and accrued interest has been received on the Master Fund’s Belgian Office loan (Loan 11), earning returns in-line with its investment criteria. The Company will announce further details concerning returning its cash to shareholders in the most efficient and cost effective manner shortly. […]
