Smooth flying for DP Aircraft in 2018 – The aircraft leasing company DP Aircraft (DPA) has published its annual report for the year to December 31, 2018. The company, which has a fleet of four Boeing 787-8 series aircraft that are currently leased to Norwegian Air Shuttle (NAS) and Thai Airways international, expects the state […]
QuotedData’s other news – 24 April 2019 The board of JPMorgan Russian Securities (JRS) announced this morning that Gill Nott has joined the board of directors as chairman of the US Solar Fund (USF), which commenced trading on the main market of the London Stock Exchange on 16th April 2019 Elsewhere, Henderson International Income (HINT) […]
ICG-Longbow Senior Secured UK Property Debt Investments reports annuals – The UK real estate debt investor ICG-Longbow Senior Secured UK Property Debt Investments (LBOW) has reported annual results this morning for the 12m period to January 31, 2019. Key portfolio figures £107,221,546 invested in 9 loans as at 31 January 2019 £121,271,423 invested in 10 loans […]
Yew Grove REIT upbeat on Irish economy – Irish REIT Yew Grove (YEW) published its first annual report this morning following its inauguration, covering the period from April to December-end 2018. We wrote about the headline numbers from this period they were first released in February 2019. Click here to read more on this story. […]
QuotedData’s other news – 23 April 2019 CIP Merchant Capital has acquired 950k ordinary shares in CareTech Holdings (CTH) for a consideration of around £3.2m. CTH is a provider of specialist social care services supporting adults and children with a wide range of complex needs in more than 250 specialist service centres around the UK. […]
Tony Roper to take over as Aberdeen Standard European Logistics Income chairman – Aberdeen Standard European Logistics Income (ASLI) has this morning published its annual report to December 31, 2018 and made the announcement that Tony Roper will succeed Pascal Duval as chairman of the trust. Tony will take the reigns following the company’s AGM […]
Catastrophic events hit CATCo Reinsurance Opportunities – CATCo Reinsurance Opportunities (CATC) had a tough 2018 in what was a highly challenging year for the industry. The company reported its annual results to December 31, 2018, this morning, with total return NAV down 35.7% for the C Shares issued in November 2018 while returns on the […]
Hipgnosis signs up Starrah – Hipgnosis Songs (SONG) has added a catalogue by Brittany Hazzard (also known as Starrah) to its repertoire after signing a deal with the American songwriter, producer and singer that includes a total of 14 US singles that have reached the Top 20 in the Billboard Hot 100 including Rihanna’s ‘Needed […]
Standard Life Investments Property Income industrials bet pays off – Standard Life Investments Property Income has reported results for the year ended 31 December 2018. Highlights were: Fall in EPRA earnings per share to 4.22p from 4.99p Dividend maintained at 4.76p NAV increased to 91.0p from 87.6p NAV total return of 9.6% in the year, […]
QuotedData’s other news – 18 April 2019 TriplePoint Social Housing REIT has bought six supported housing properties and acquired the land and entered into forward funding arrangements to develop another two supported housing schemes, comprising 80 units in total, for an aggregate commitment of GBP14.8 million. These leases are with specialist housing associations, including Falcon Housing Association, […]
Intu cuts debt with Intu Derby sale – intu properties and Cale Street Investments LP (an investment firm backed by the Kuwait Investment Office, London) have announced the establishment of a 50/50 joint venture for the intu Derby shopping centre. Cale Street will acquire for cash half of the centre. The deal values their share of […]
Hg tops up Visma stake – Hg, the manager of HgCapital Trust has agreed to make a further investment in Visma, a leading provider of business-critical software (mostly through a software as a service or Saas model) to private and public enterprises in the Nordic, Baltic and Benelux regions. Cinven, the global private equity firm, will […]
QuotedData’s other news – 17 April 2019 AVI Japan Opportunity (AJOT) announced this morning that based on a conviction that there is still a significant amount of unlocked value in quality over-capitalised smaller companies in Japan, it is considering raising additional capital through a share issue. AJOT floated in October 2018 and by February this […]
Local Shopping REIT recommending rejection of Thalassa offer – Local Shopping REIT’s (LSR) board has this morning announced that any shareholders who have accepted an offer from Thalassa Holdings will be entitled to reverse their decision from 1pm onwards today. LSR’s board is against the sale of the company to Thalassa as they believe shareholders […]
SDCL Energy Efficiency Income raises £72m – SDCL Energy Efficiency Income Trust (SEIT) has announced that it has raised £72m in a new ordinary share placing. The company floated recently (December 2018), raising £100m, and the latest injection of equity will allow it to push forward with some of the acquisition opportunities it is currently […]
QuotedData’s other news – 16 April 2019 Infrastructure India (IIP) announced this morning that it has drawn down a further US$26.3m under the financing agreement with IIP Bridge Facility LLC announced earlier this month. We wrote the $105m total loan agreement earlier this month and also looked at the major issue’s IIP has been facing. […]
Highbridge Multi-Strategy anticipating volatility spikes – Highbridge Multi-Strategy (HMSF), the UK-focused multi-strategy hedge fund, invests across several areas, including, equity, volatility and macroeconomic-based events. The trust today announced its annual results for the year to December 31, 2018, with total return NAV down 2.02% in sterling terms. Although they were disappointed not to deliver a […]
Merian Chrysalis raises £100m in share placing – Merian Chrysalis (MERI), the UK-focused private equity fund launched in 2018, has announced the raising of £100m from an ordinary share placing. The new money will be directed towards growing its portfolio of investments into unquoted companies. Busy straight away Earlier in December 2018, we looked at […]
QuotedData’s other news – 15 April 2019 Target Healthcare has completed the acquisition of a property in Formby, Merseyside for approximately GBP6.9 million PRS REIT said that, at 31 March 2019 it had GBP603m in gross development cost, which equates to 3,951 new homes with an estimated rental value (“ERV”) of approximately GBP37.3m per annum […]
Warehouse REIT buys in Northampton and Aberdeen – Warehouse REIT has exchanged contracts to acquire a multi-unit estate in Northampton let to John Lewis and a multi-let industrial estate in Aberdeen. The assets were purchased in two separate transactions for a total consideration of GBP37 million, reflecting a blended net initial yield of 6.6%. In Northampton, […]
Polar Capital Technology amends fees – Polar Capital Technology’s board has decided to amend its management fee to reflect the growth of the fund, strong performance in both absolute and relative terms, and in light of the impact of MiFID II with regard to contributions to research costs. Going forward, the trust will no longer make […]
Green REIT up for sale – In a surprise move, Green REIT has joined the growing number of funds that have decided to give up and hand back cash to shareholders. The board of Green REIT has undertaken a comprehensive and carefully considered review of the strategic options open to the company to maximise value […]
ICG Enterprise conviction pays off – ICG Enterprise has published results for the year ended 31 January 2019. Highlights include: NAV per share of 1,057p – total return of 12.4% in the year, annual dividend of 22p Growth driven by strong profit growth and realisation uplifts 10th consecutive year of double digit underlying portfolio growth […]
Establishment Investment set to wind-up – Earlier in November 2018, we wrote about the potential wind up of Establishment Investment (ET), after the company’s board recommended shareholders vote to not continue the trust (click here to read more on this story). ET have announced today that their board received a number of proposals and, following […]
Yellow Cake closer to critical mass – Yellow Cake, the investor in physical uranium, has just announced that 12,000,000 new shares have been placed with existing and new institutional investors at a price of £2.15 per share. The company had been looking to raise $30m but had sufficient demand up to the issue size to £25.9m […]
Hipgnosis targets £100m share placing injection – On 1 April 2019, Hipgnosis (SONG) announced that it had, since IPO, acquired, or entered into exclusivity agreements to acquire, catalogues with a total value of £234.1m, that it had identified a number of further significant catalogues for potential acquisition and that it was contemplating an equity raise […]
Marble Point Loan Financing results reflect tough year for CLOs – Marble Point Loan Financing (MPLF) had a difficult year to December 31, 2018, as the downturn in the loan market in the fourth quarter of 2018 ate into NAV performance. The company invests in US loans directly and indirectly through investments in collateralised loan […]
North American Income delivers once more – North American Income (NAIT) had another good year (to January 31, 2019), outperforming its benchmark and delivering income growth, on the back of solid stock selection by its managers. Financial highlights Total return NAV per share rose by 4.8% on a total return basis in sterling terms. This […]
Acorn Income discount widens as investors retreat from small-cap – Acorn Income (AIF), the UK-focused small-cap equity and fixed-income trust, discusses the difficulties it faced in 2018 and the outlook for its strategy, in its annual report published today, covering the year to December 31. The company invests in two portfolios – smaller companies (70-80%) […]
Syncona establishes retinal gene therapy platform – Syncona has announced the merger of two of its companies, Gyroscope Therapeutics (Gyroscope), an ophthalmology company developing genetically defined therapies for retinal diseases and Orbit Biomedical (Orbit), a specialist medical device company focused on precision sub-retinal therapeutic delivery. Syncona will own 82% of the enlarged company (a holding value […]
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