Foresight Solar has announced the acquisition of a portfolio of three operational assets totalling 34MW through a Joint Venture with Big60Million Limited. The 15MW Atherstone and 10MW Southam assets are located in Warwickshire, and the 9MW Paddock Wood asset is located in Kent. All three assets were connected to the Grid in March 2015 and […]
BlackRock Throgmorton says it generated a 19.85 return on net assets over the six months ended 31 May 2015 – ahead of the 15.7% return posted by the Numis Smaller Companies excluding AIM and investment companies index. Shareholders did even better as the discount narrowed taking their return to 23.8%. The interim dividend has been […]
Following Nitin Bajaj’s appointment as manager, his repositioning of its portfolio and the change of benchmark, the Board has also decided to review the management fee and is shifting from a flat fee of 1% on gross assets to a tiered fee of 0.9% on the first £200m of gross assets and 0.85% on the balance. FAV […]
LMS Capital’s interims for the first half of 2015 show its NAV rising by a penny to 94p. They sold off investments worth £26.6m including the sale of five fund positions in the secondary market which raised £9.2m after costs; ChyronHego Corporation (one of our US quoted investments) was bought by Vector Capital – the cash proceeds […]
The Department for Energy and Climate Change (“DECC”) has announced a series of measures aimed at restricting the subsidies it pays to support renewable energy. The measures include: Removing the guaranteed level of subsidy for biomass conversions and co-firing projects for the duration of the Renewable Obligation, known as grandfathering. Launching a consultation on controlling subsidies for […]
Over the first half of 2015, Alliance Trust delivered a return on net assets of 1.4% and a return to shareholders of 2.7%. The NAV return would make them 29th of 36 funds in their peer group and compares to a return on the MSCI AC World Index of 2.1%. Their equity portfolio underperformed that […]
Over the first half of 2015 Herald Investment Trust’s total return was 7.9% and the share price return was 8.0%. These figures compare to an 8.3% return on the Numis Smaller Companies plus AIM Index and a 6% return on the Russell 2000 small cap. technology Index. The report says they saw a steady stream […]
Spark Ventures has raised £10.1m from a placing of stock, a further £3.8m from stock swaps and will raise up to £3.1m via an open offer. They plan to put the money towards a new investment strategy and appoint Gresham House as its investment adviser. Gresham House is buying into Spark Ventures’ outgoing management company, SPARK […]
BlackRock World Mining made a $12m investment in Avanco Resources (a Brazilian copper play) in August 2014. Today it has announced the receipt of $4m from the company which is the first payment under the royalty contract. They say Avanco successfully completed an equity raising earlier in the year, which combined with the $12 million BlackRock […]
Fresnillo, the world’s largest primary silver miner, has announced first half silver production results up almost 11% from the corresponding period of 2014. The company produced 23.9 Moz of silver in the six months to end June 2015 as its Saucito II mine, Mexico, commenced production. Full year silver production guidance remains on track at […]
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