Hg uplift on NAV of 17p per share on disposal – Hg Capital Trust (HGT) has announced the disposal of one of its portfolio companies. Allocate Software, which is an international provider of healthcare workforce management software has been sold to Vista Equity Partners. Hg will realise estimated cash proceeds of approximately £19.9m on completion of this […]
Prothena blow-up leaves Woodford Patient Capital reeling Neil Woodford’s controversial and high-profile investment in Prothena (NASDAQ:PRTA) and its development programme for AL Amyloidosis has failed, costing the Woodford Patient Capital Investment Trust (WPCT) an estimated £50m based on the average $40/share acquisition cost of its large shareholding. Prothena’s US-listed stock has fallen by 68% this […]
Foresight Solar acquires five UK solar assets – Foresight Solar Fund (FSFL) has acquired a 100% interest in a portfolio of five operational solar parks located in the UK (and a 0.5MW onshore wind asset) with a total installed capacity of 53.3 MW. The company has purchased the economic benefit of all project cash flows from 1 January 2018. […]
Golden Prospect Precious Metal sees fall in mining stocks – Although precious metals had a good year in 2017, the NAV of Golden Prospect Precious Metals Limited (GPM) fell by 9.5% and the share price by 14.5%. The share price performances of mining companies, particularly small caps, lagged precious metals. Gold and silver prices rose by 13% […]
Vietnam Enterprise Investments’ NAV per share increased 46.2% in sterling terms – Vietnam Enterprise Investments Limited (VEIL) delivered its annual report and financial statements for the year ended 31 December 2017. Financial highlights: • In US dollar terms, NAV per share increased 60.1% from US$4.41 to US$7.06, outperforming the VN Index by 7.3%. • In UK sterling terms, NAV per share increased […]
Hammerson withdraws from its offer for Intu – On 6 December 2017, Hammerson (HMSO) announced an all-share offer for Intu Properties (INTU). HMSO has decided to with draw from the offer. HMSO had itself been subject to a take over bid from Klépierre, a French real estate investment trust and Europe’s second-biggest publicly traded mall operator, which it […]
NB Distressed Debt’s run-off continues- NB Distressed Debt Investment fund (NBDD), which is currently undergoing a run off program, has published its annual report and audited financial statement for the year ended 31 December 2017. The company overall has an indefinite life span. It is made up of a number of different share classes, which are currently […]
F&C Commercial Property underperforms in 2017 – the NAV total return of F&C Commercial Property (FCPT ) for the year was 8.8% and the share price total return was 3.9% for the year to 31 December 2017. The total return from the portfolio was 8.7%, whereas the MSCI Investment Property Databank (‘IPD’) Quarterly Benchmark Index returned 10.3% […]
Aberdeen Asian Smaller Companies gives details of CULS conversion – Aberdeen Asian Smaller Companies (AAS) has made announcements in January and February about converting its 3.5% convertible unsecured loan stock 2019 (2019 CULS). The company has announced further details in relation to the proposed restructuring of the 2019 CULS and the terms of a new class of convertible unsecured […]
US sanctions against Russia have minimal impact for JPMorgan Russian Securities – The board of JPMorgan Russian Securities (JRS) has put out a comment on the recent additional US sanctions against Russia. It is clear from the published statement that the latest sanctions imposed by the US on Russian companies has a limited impact on the portfolio of […]
