Register Log-in Investor Type

News

Filters
Sectors
Geography
Market Cap
Author

Sign up for our free
equity research notes

Register
5512 Results
Embed
Last minute reversal leaves Independent in negative territory

Last minute reversal leaves Independent in negative territory – over the year to 30 November 2018, the trust produced a net asset value total return of -10.8%, following a steep fall from a high point reached only a few weeks previously. Over the same period, the All-Share Index and the World Index would have produced […]

AEW UK Long Lease REIT buys Bristol care home

AEW UK Long Lease REIT buys Bristol care home – AEW UK Long Lease REIT has bought a long let care home in Nailsea, Bristol for £6.65m reflecting a net initial yield of 5.8%, funded through the company’s debt facility. The asset comprises a 62-room, purpose built care home located in an affluent suburb approx. 8 […]

QuotedData join the Master Investor Show 2019 main stage line-up

QuotedData join the Master Investor Show 2019 main stage line-up – QuotedData is, once again, a key sponsor for the Master Investor Show. Edward Marten, QuotedData’s CEO, shall join the Main Stage line-up on Saturday, 6 April, at London’s Business Design Centre. We’d love to see as many of you as we can at the event. […]

Downbeat Bankers at least manages positive return

Downbeat Bankers at least manages positive return – Over the year ending 31 October 2018, Bankers Investment Trust generated a 0.8% total return on net assets but its share price fell from 852p to 835p to finish the year on a 3.6% discount. By contrast, the MSCI World Index returned 5.1% over this period. The chairman […]

Summit Germany considers spinning out German real estate
Summit Germany takes control of GxP German Properties

Summit Germany considers spinning out German real estate – Summit Germany has announced that it is considering a private placement and listing of shares in Summit Luxco S.à r.l. (“Luxco”) on the regulated market of the Frankfurt Stock Exchange (Prime Standard) in 2019, subject to market conditions. Luxco currently is a wholly-owned subsidiary of Summit and […]

Jupiter Emerging and Frontier Income held back by small cap and frontier exposure
Jupiter Emerging and Frontier Income - Off to a great start

Jupiter Emerging and Frontier Income held back by small cap and frontier exposure – Jupiter Emerging and Frontier Income has published its first set of results covering the period from its launch to 30 September 2018. Over this period it lagged its benchmark; the NAV total return was 2.3%, while the MSCI Emerging Markets Index returned […]

TwentyFour Select Monthly Income NAV slips in volatile markets

TwentyFour Select Monthly Income NAV slips in volatile markets – Over the year ended 30 September 2018, TwentyFour Select Monthly Income’s NAV fell by 3.4%. Dividends totalled 6.55p, barely changed from the 6.56p paid for the year before.. The chairperson notes that, as US inflation moved higher in January 2018, interest rate markets became concerned that the […]

Aberdeen Diversified Income and Growth bailed out by narrowing discount

Aberdeen Diversified Income and Growth bailed out by narrowing discount – Aberdeen Diversified Income & Growth has published results for the year ended 30 September 2018. Over the period, the NAV rose 2.5% on a total return basis. Fortunately, however, the shares moved from a 3.1% discount to a 3.2% premium. The share price ended the year […]

JZ Capital sells Petrocorner
JZ Capital sells Petrocorner

JZ Capital sells Petrocorner – JZ Capital Partners Limited has announced the sale of Petrocorner, a network of petrol stations throughout Spain, to a Spanish subsidiary of British Petroleum (“BP”). JZCP owns Petrocorner through its 18.75% stake in JZI Fund III, L.P. Headquartered in Madrid, Petrocorner is a strategic build-up in the Spanish retail petrol station […]

Marwyn sets lowball price for partial offer

Marwyn sets lowball price for partial offer – Marwyn Value Investors has released an update to its partial offer (announced on 3 January 2019). The price range for the partial offer has been set at 125p to 135p per ordinary share. Marwyn still intends to purchase £5m worth but says it does reserve the right to […]

Stenprop sells Euston House

Stenprop sells Euston House – Stenprop has reached agreement to sell of its London office building known as Euston House. The deal is being structured as a sale of all the shares of a special purpose vehicle owned by Stenprop to Erel 4 S.a.r.l. The deal values the property at £95m (£14.5m more than book value) […]

Riverstone Energy sells Meritage Midstream

Riverstone Energy sells Meritage Midstream – Riverstone Holdings LLC, manager of Riverstone Energy Limited, has agreed the sale of 100% of its indirect membership interests in Meritage Midstream ULC to SemCAMS Midstream ULC, a newly formed joint venture between SemGroup Corporation (NYSE: SEMG) and KKR, for C$600 million (US$449 million). The transaction is expected to close […]

River and Mercantile Micro Cap reports on rollercoaster year

River and Mercantile Micro Cap reports on rollercoaster year – For River and Mercantile Micro Cap, the year to the end of September 2018 was another great one in performance terms. Its NAV return was 24.9%, considerably ahead of the 3.0% return posted by its benchmark. The growth of the company allowed it to give money […]

Thalassa makes possible offer for Local Shopping REIT
Local Shopping REIT LSR property disposal programme

Thalassa makes possible offer for Local Shopping REIT – Thalassa says that it did not support Local Shopping REIT’s member’s voluntary liquidation in December 2018 for reasons that Thalassa has set out in previous announcements, most recently on 10 December 2018. On that date, Alliance News reported that “Thalassa said it was not meaningfully consulted by […]

NB Private Equity accelerates revamp with sale of funds

NB Private Equity accelerates revamp with sale of funds – NB Private Equity is shifting its focus from investing in private equity funds to making direct investments. The sales process was focused on maximising value to NBPE shareholders both by absolute value and the opportunity cost of holding vs. selling. All fund investments were analysed and a decision […]

Safestore new stores power earnings uplift

Safestore new stores power earnings uplift – Safestore reports that, for the year ended 31 October 2018, its EPRA NAV rose from 329p to 402p, an increase of 22%. EPRA earnings per share were up 15.5% to 26.8p on the back of a 10.8% rise in revenue. This in turn was the result of higher occupancy […]

Athelney EGM seeks to oust board

Athelney EGM seeks to oust board – On 28 December 2018, Athelney Trust announced that an Extraordinary General Meeting of Athelney Trust Plc would be held at 11.30 am on Tuesday 22 January 2019 at Druces LLP, Salisbury House, London Wall, London, EC2M 5PS, for the purpose of considering Agenda item one, and if thought […]

LondonMetric Property sells three warehouses

LondonMetric Property sells three warehouses – LondonMetric Property has announced the disposal of three distribution warehouses for £24.3m (sold to a range of buyers), reflecting a blended net initial yield of 5.4%. The sale price achieved was 4% above book value. Two of the properties are located in Wakefield and the third is a regional distribution […]

LXI swaps Travelodges for industrial sites

LXI swaps Travelodges for industrial sites – LXi REIT has, following an unsolicited approach, sold two of its older Travelodge hotels, in Haverhill and Ipswich, to an institutional buyer for £12.6m. This translates as a low exit yield of 5.0%, which compares favourably to the acquisition yields of 5.92% and 6.12% paid in March and July 2017, […]

Carador Income rollover into Blackstone/GSO Loan Financing held up by AML checks

Carador Income Fund (CIFU) and Blackstone/GSO Loan Financing (BGLF) have announced that the rollover of CIFU shares into new BGLF C shares has been delayed because the anti-money laundering (AML) checks have not been completed in time. The companies say that this is “partly due to seasonal factors”. As a consequence, the capital reorganisation has […]

Hipgnosis buys catalogue from Giorgio Tuinfort
Hipgnosis Songs Fund : SONG

Hipgnosis buys catalogue from Giorgio Tuinfort –  Hipgnosis Songs Fund Limited has bought a music catalogue from Giorgio Tuinfort. In addition to winning multiple Grammy Awards, Giorgio Tuinfort has written 23 number 1 singles and has won the prestigious BMI Songwriter Award an unprecedented 30 times. The company has acquired 100% of Giorgio Tuinfort’s interest in […]

PRS REIT buys nine more sites

PRS REIT buys nine more sites – The PRS REIT has signed contracts over nine additional sites. One site is a newly-completed development of homes that has been acquired from Sigma PRS Management Limited, the investment adviser, and seven are development sites, with construction already underway at some sites. The remaining site has been bought under […]

Marwyn to return £5m with bookbuild

Marwyn to return £5m with bookbuild – Marwyn Asset Management Limited, manager of Marwyn Value Investors, is making a partial offer to buy ordinary shares for cash by way of a reverse bookbuild process. Qualifying shareholders (those not located in places such as the US – see list below) should contact Liberum to make their offers […]

Third Point Offshore restructures to cut fees

Third Point Offshore restructures to cut fees – Third Point Offshore Investors has announced that, as of January 1, 2019, it will switch its entire portfolio into a newly-created share class of the underlying Master Fund managed by Dan Loeb and his team. The new share class will be subject to a 25% quarterly redemption gate. […]

Hansteen sells portfolio to Stenprop
Hansteen sells portfolio to Stenprop

Hansteen sells portfolio to Stenprop – Stenprop has acquired a portfolio of multi-let industrial properties from Hansteen for £72.2m (including acquisition costs of £4.3m). The portfolio is made up of 22 separate properties across the UK with a gross lettable area of approximately 1.16 million square feet (107,749 sq m) and a diversified base of approximately […]

Will Landers steps down at BlackRock Latin
Will Landers steps down at BlackRock Latin

Will Landers steps down at BlackRock Latin – BlackRock Latin American Investment Trust’s board says it has been informed that Will Landers, the trust’s portfolio manager, has notified BlackRock of his intention to leave the firm on 17 March 2019, and that two analysts based in Sao Paulo will also be leaving. The board says it […]

UK Commercial Property buys warehouse portfolio

UK Commercial Property buys warehouse portfolio – UK Commercial Property REIT has bought a portfolio of five distribution warehouses in locations across the Midlands from Clipstone Logistics REIT for a headline price of GBP85.4million, reflecting a headline net initial yield of 5.5%.  The acquisition has been funded from existing cash resources. The portfolio totals 909,030 sq […]

Tritax funds new Durham logistics facility

Tritax funds new Durham logistics facility – Tritax Big Box REIT has completed contracts for the forward funded development of a new logistics fulfilment centre at Integra 61, near Durham, pre-let to a “financially robust world leading retailer” [Amazon?]. The price represents a maximum commitment of GBP147.3 million, reflecting a net initial yield of 5.25% (net […]

HgCapital invests in Combell
HgCapital invests in Combell

HgCapital invests in Combell – Hg, the manager of HgCapital Trust plc, has agreed to invest in Combell Group, a leader in mass hosting services for SMEs across Europe. The transaction is subject to regulatory approval and so will close in the New Year. The terms of the investment are not disclosed. HgCapital Trust plc will […]

Caledonia buys Stonehage Fleming stake
Caledonia buys Stonehage Fleming stake

Caledonia buys Stonehage Fleming stake – Caledonia Investments plc has agreed terms to acquire a minority stake in Stonehage Fleming Family & Partners Ltd, one of the world’s leading independently owned family offices. Stonehage Fleming was formed in 2015 and is the largest family office in EMEA and the second largest non-bank provider of family office […]

Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.

You live in…

You are a…