DP Aircraft I (DPA) is an aircraft leasing company focused on the Boeing 787 Dreamliner series. DPA owns four aircraft, leased to Thai Airways and Norwegian. DPA has released the following update statement: Norwegian misses lease payment but situation fluid as the company is in negotiations with the Norwegian government “The board of DPA announces that, […]

Infrastructure company, International Public Partnerships (INPP), the FTSE 250 listed infrastructure investment company, has released an update: Operational performance of assets continuing as expected The company confirms that the operational performance of its assets continues as expected; Covid-19 has to date had no impact on the company’s cashflow from its investments; and The company’s balance sheet remains […]

Aquila European Renewables Income (AERI) intends to increase its existing investment into Svindbaek Vindkraft HoldCo ApS (Svindbaek), by acquiring three additional wind turbines (Svindbaek II)for a total consideration of approx. EUR 13.2 million. AERI says that in doing so, this completes the acquisition of all wind turbines associated with the Svindbaek wind farm. You can read more […]

The global life sciences fund, Syncona (SYNC), has released the following update pertaining to the Covid-19 outbreak.  “Since the start of the outbreak, SYNC has taken measures to protect its employees, primarily centred around remote working, to help ensure that the company can continue to operate with as minimal disruption as possible. The company has formed […]

Baillie Gifford’s Schiehallion Fund (MNTN) has released inaugural annual results, covering the period from 4 January 2019 to 31 January 2020. The growth capital sector company invests in late-stage private companies. It raised gross proceeds of US$477 million at launch on 27 March 2019. During the period from 27 March 2019 to 31 January 2020, the company’s […]

3i Infrastructure (3IN) has released a performance update for the period from 1 October 2019 to 18 March 2020. With a market capitalisation of about £1.95bn, 3IN is one of the largest investment trusts, alongside two other infrastructure sector companies, HICL (HICL) and International Public Partnerships (IPP). Financial update – £720m cash available Total available liquidity of over […]

India Capital Growth (IGC) released its annual results this morning, covering the period to 31 December 2019. It was another difficult year for the Indian stock market and for Indian small and mid-cap stocks in particular. The company’s NAV per share declined by (12.9%) while the discount widened from (14%) to (20.4%) over the year.    […]

Electra Private Equity (ELTA) main stakes are in TGI Fridays, the restaurant chain, and Hotter Shoes. The company said the following in an update: “As with most businesses the current trading position and valuation of the portfolio companies of ELTA are being materially impacted by the countermeasures to the Covid-19 virus announced by the UK Government. […]

Several property companies have updated the market on the impact of Covid-19 on their business. Here we have rounded up the latest. Yesterday we reported updates from NewRiver REIT, Schroder REIT and Civitas Social Housing. You can read them by clicking the links. QuotedData has also published a piece looking at the likely long-term impact […]

Starwood European Real Estate Finance (SWEF) invests in the property – debt sector. It said the following in an update statement this morning: “SWEF notes the recent negative price movements in the company’s shares and provides an update in light of the current disruption to markets as a result of COVID-19. The company currently has […]

The global sector company, Manchester and London (MNL), delivered a total NAV return of 3.4% over the six-month period to 31 January 2020, 4.2% ahead of its benchmark, the MSCI UK investable market index. MNL focuses on the technology, healthcare and consumer sectors. The company released the following breakdown: Total return of underlying sector holdings in local […]

Financials-sector company, EJF Investments (EJFI) has released an update statement: “As the impact of COVID-19 and the responses of various authorities permeate, we continue to closely monitor all relevant markets. We continue to believe that the company’s underlying assets remain robust and are able to withstand significant stress following various financial and regulatory improvements witnessed […]

Nippon Active Value (NAVF) launched last month on the London Stock Exchange, raising £103m (click here to read more). The company is an activist investor in smaller Japanese companies. It has released an update on its progress since launching. “It would be an understatement to say that market conditions have changed over the last month. […]

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 […]

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. […]