GCP Infrastructure Investments (GCP) has released the following update: “GCP seeks to provide investors with exposure to a diversified portfolio of UK infrastructure projects, which are by their nature long-term investments. The directors and the company’s manager, Gravis, believe such investments are well placed to weather the uncertainty driven by Covid-19 over the long term. Substantially […]
The battery storage investor, Gresham House Energy (GRID), says it has conditionally agreed to acquire a 50MW battery project located near Thurcroft, to the east of Rotherham. The Project will be GRID’s largest project to date, and part of the exclusivity pipeline identified in the Company’s October 2018 IPO prospectus. Thurcroft is a battery-only site with […]
Greencoat UK Wind (UKW) has released the following update: “The health of the company’s shareholders and board is of the utmost importance and given the UK Government’s advice on social distancing, travel and measures to prohibit public gatherings in order to minimise the spread of COVID-19, the Company has decided to change the location of […]
Octopus Renewables (ORIT) has completed the acquisition of a 100% interest in a portfolio of solar photovoltaic (PV) assets situated across the UK for an initial cash consideration of £144.3m. This portfolio forms part of the pipeline assets disclosed in the company’s prospectus dated 19 November 2019 and was acquired from an entity managed by ORIT’s manager. Today’s […]
The coronavirus has had a big impact on markets around the world, but the longer-lasting effects have yet to be realised. We have seen people’s day-to-day lives change, from stock-piling essential goods to working from home. Technology has enabled these things to happen, things like home delivery and conferencing call facilities. One of the knock-on […]
Civitas Social Housing has acquired a portfolio of properties for £19.6m, bringing its run-rate dividend cover to 100%. The group has completed the purchase of five freehold properties comprising 63 tenancies for £17.8m and exchanged contracts on three further properties comprising 11 tenancies for £1.8m. The properties are located in Hertfordshire, Shropshire and Tyne and Wear, over […]
NewRiver REIT will not pay a fourth quarter dividend, it has announced, due to the coronavirus pandemic. The company, which owns a portfolio of community shopping centres, convenience stores and pubs, said it is focused on cash preservation and reducing operational costs during this uncertain time. The decision not to pay a fourth quarter dividend, will […]
We have annual results (to end-December 2019) from the UK equity income company, JPMorgan Claverhouse (JCH). The company said that as at 16th March 2020 the FTSE All-Share Index had fallen to 2848.87; a fall of over 30% and its lowest level in almost eight years. Chairman, Andrew Sutch, noted: “Although we report in this document […]
Over GCP Asset Backed Income’s (GABI) annual results period to 31 December 2019, the company advanced loans of £89.4m advanced against 29 projects with a further £40.3m secured against five projects, advanced post year end. Over the period: Total shareholder return for the year of 10.2% (31 December 2018: 9.1%) and an annualised total shareholder return since […]
Schroder Real Estate (SREI) released the following update: “This is an update due to the market uncertainty relating to covid-19. The company would like to highlight that against this backdrop its strategy remains robust and unchanged. A significant number of disposals were completed at premium prices last year and the term loan with Canada Life […]
In QuotedData’s other news 19 March 2020 – Alcentra European Floating Rate Income (AEFS) said its top performing credits for in February were names that had been weaker in prior periods but saw improved outlook and traded higher in the period. The top credit, a pharmaceutical company, traded +4.6% higher after the company was refinanced and […]
SQN Asset Finance Income (SQN) made the following announcement with respect to the declaration of further dividend payments. “In light of the ongoing uncertainty in economies and markets, the board of the company resolved today to suspend the declaration of further dividend payments on both the ordinary and C share classes until further notice. In […]
Ashoka India Equity Investment (AIE) released the following update: “Over the past few weeks, Indian equity indices have seen a sharp correction due to a confluence of factors such as the Central Bank taking control of affairs at Yes Bank, and most significantly, the continuing spread of covid-19 globally. The Indian markets have corrected by […]
Empiric Student Property’s chief executive Tim Attlee will step down from the role in June 2020. The company made the announcement alongside full year results today. It said Attlee would remain in the position until the end of June 2020 and the board would commence an immediate search for his successor. Attlee co-founded and helped […]
Princess Private Equity (PEY) has entered into an extension of the term and increase in the size of its senior revolving credit facility with Lloyds Bank. The previous facility of EUR 50m was due to expire on 14 December 2020. The facility will be increased to EUR 80m and the term extended to 13 December 2024. […]
Student accommodation provider Empiric Student Property said it had so far not seen a “negative impact on reservations from international students for the 2020/21 academic year” as a result of the Covid-19 pandemic. In full year results for 2019, the group said as of today, bookings for the 2020/21 academic year were “very much in […]
VietNam Holding (VNH)’s total return NAV grew up by 2.0% over the six-month interim period to 31 December 2019 – this was in line with the Vietnam all share index. Over the ten-year period ending 31 December 2019 the NAV increased by 6.7% per annum, compared to a 2.8% per annum increase in the Vietnam All […]
Warehouse REIT, the UK REIT that invests in and manages urban and ‘last-mile’ industrial warehouse assets in the UK, has suspended its fund raise amid the current market uncertainty caused by Covid-19. The company announced on 17 February that it intended to raise up to £100m through a placing, with a general meeting arranged for […]
In QuotedData’s other news 18 March 2020 – Perpetual Income and Growth (PLI) said it has amended its bank facilities, with effect from 16 March 2020. They now comprise an uncommitted bank overdraft facility of £60m (previously £80m) and uncommitted bank loan facility of £40m (previously £60m). Both are repayable on demand. The covenants under […]
Over Baillie Gifford Shin Nippon’s (BGS) annual results period to 31 January 2020, NAV per share rose by 8.9% compared to a 9.5% rise in the comparative index (MSCI Japan small cap index). The share price fell by 0.5% as the shares moved from a premium of 8.0% to a discount of 1.4%. BGS said that in […]
Real Estate Investors, the REIT focused on the Midlands, saw revenues increase 6.4% in 2019. The company reported revenue of £16.6m in full year results, up from £15.6m in 2018. Underlying profit before tax was also up, by 11.1%, to £8.0m. The group’s portfolio, which is valued at £228.9m, produces an annualised rental income of […]
Company update from Amedeo Air Four Plus (AA4): “Further to the announcement on 12 March 2020, the board notes the news that almost all airlines globally have been severely impacted by the reduction in passenger traffic as a result of covid-19 and understands that many Governments, banks and lessors have received approaches from these airlines […]
US Solar (USF) has released maiden annual results. The company launched last April with a $200m raise, primarily from UK institutional investors. Highlights to 31 December • Strong progress since IPO with three US solar project or portfolio acquisitions announced; • Acquisition one: 128 MWDC in-construction solar project in Milford, Utah, with a 25 year power […]
Tritax Big Box REIT reported a 7.7% increase in operating profit in 2019. The group, which owns a portfolio of ‘big box’ logistics warehouses in the UK, said profit for the year ended 31 December 2019 was £122.5m compared to £113.7m in 2018. It also said its contracted annual rent roll was up 3.4% to […]
Infrastructure India (IIP) has released the following update with respect to its largest holding, Distribution Logistics Infrastructure Limited (DLI), and covid-19. “During the first quarter of the calendar year, DLI performed well, with increased revenue and lower quarter on quarter costs and timely project completion. Construction at Nagpur, including a private freight terminal and additional warehousing, […]
In QuotedData’s other news 17 March 2020 – Montanaro UK Smaller Companies (MTU) announced a change in its auditor and its board committee structure. The board has approved the proposed appointment of BDO as auditors for the financial year ending 31 March 2021. The appointment will be recommended to shareholders for approval at MTU’s next AGM in July […]
Globalworth Real Estate Investments (GWI), a leading office investor in Central and Eastern Europe, announced changes to the company’s board and an update regarding the COVID-19 outbreak. Board changes Ioannis Papalekas, the founder, is stepping down from the board with immediate effect but will remain as CEO of the company. Dimitris Raptis, the current chief investment […]
JPMorgan European Smaller Companies (JESC) announce that, following a review, its management fee arrangements with JPMorgan Funds Limited will change. Effective 1 April, 2020 the annual management fee, currently 1.0% per annum on net assets up to £400m and 0.85% on net assets over £400m, will be charged at an amended annual rate of 0.85% of […]
Estate agency group LSL Property Services has pulled out of negotiations to buy fellow estate agent Countrywide. It was announced last month that the two companies were in discussions about an all-share merger, but LSL today said talks were off. The £500m tie-up would have brought together two of Britain’s biggest listed estate agents. LSL […]
Global sector company, F&C (FRCL), has reported its annual results to 31 December 2019. The company’s growth and income mandate is carried out through investments in public market, unquoted investments and private equity. With a market cap above £3bn, it is among the largest closed-end investment companies and was the first investment trust to launch, […]
