Tufton topping up funds again – Tufton Oceanic Assets launches placing after results show a flat year in NAV terms to end June 2019. Ship leasing firm, Tufton Oceanic Assets, has just released results covering the year ended 30 June 2019. Highlights from the statement include: Profit of US$16.4m, or 11.94 US cents per ordinary share […]
Schroder Real Estate updates on portfolio – Schroder Real Estate Investment Trust has revealed some progress on properties in its portfolio. In the Manchester, City Tower (which Schroder Real Estate owns a quarter of) – An agreement has been exchanged for St Pirans School (GB) Ltd, trading as the London School of Commerce, to lease 8,215 […]
Civitas Social Housing announces £60m loan facility with option for further £40m – Civitas Social Housing (CSH) has this morning announced that it has agreed a £60m 5 year term loan facility with national Westminster Bank Plc (NatWest). The loan agreement includes the option to extend for an additional two years as well as the option of […]
In QuotedData’s other news 10 September 2019 – Some half-year results announcements, including: GCP Asset Backed Income reported interim results to 30 June 2019; loans of £55.4m were advanced over the period, secured against 20 projects.The company ended the period with exposure to a diversified and partially inflation and/or interest rate protected portfolio of 40 asset […]
Acquisitions update from Triple Point Social Housing – Triple Point Social Housing (SOHO) has announced that it has completed the acquisition of 36 supported housing properties and exchanged contracts on a further 4 supported housing properties, comprising 216 units in total, for an aggregate commitment of approximately £27.4m (excluding costs). The properties are located in the […]
Hipgnosis considers £300m C share issuance and nears main market application – Hipgnosis Songs (SONG) has this morning announced that it is considering increasing its capital base through an issue of C shares at a price of 100 pence per C share, with the aim of raising £300m. Proceeds from a potential issue would be used […]
Acadia stock surges 65% on positive trial result in dementia psychosis – US biotech Acadia Pharmaceuticals (Nasdaq: ACAD) saw its stock jump 65% today on the back of a positive result in its “Harmony” Phase III study of Nuplazid (pimavanserin) for dementia-related psychosis. The company reported that the study met its primary endpoint, demonstrating a […]
Foundry Sale at 79% uplift a highlight in strong first-half for HgCapital – HgCapital (HGT), which provides listed access to unquoted software and service businesses, has announced half-year results to 30 June 2019. Total return NAV increased by 13.9% over the six-month period Performance summary: Share price total return of 22.5% to 30 June 2019; Revenue […]
ICG-Longbow announces loan to bungalow housing company RoyalLife – ICG-Longbow Senior Secured UK Property Debt Investments (LBOW) has entered into a new £24.6m loan commitment to an affiliate of RoyaleLife, a UK-based provider of bungalow homes. The trust is participating in a larger £142.7m loan facility alongside two other funds managed by the manager. The loan […]
SDCL Energy Efficiency Income makes $22m loan investment – SDCL Energy Efficiency Income (SDCL) has announced a $22m investment, structured as a portfolio of secured senior and subordinated loans, into a diversified portfolio of contracts. The investment includes a portfolio of loans, leases and subscription agreements relating to energy systems outsourcing and energy efficiency projects located across […]
Woodford Patient Capital wins concessions from lender – Woodford Patient Capital has a borrowing facility for up to GBP150 million (the “Facility”) and is permitted under its investment policy to borrow up to 20 per cent. of net asset value at the time of borrowing. Borrowings as at 4 September 2019 were GBP113.7 million. While the […]
In QuotedData’s other news 6 September 2019 – International Public Partnerships has announced its interim results for the six months ending 30 June 2019. Key financial highlights include: NAV per share growth to 150.3 pence (31 December 2018: 148.1 pence); Interim dividend increase to 3.59 pence per share (30 June 2018: 3.50 pence per share); […]
Triple Point Social Housing REIT (SOHO) has announced that the Group has completed the acquisition of six supported housing properties. The six properties comprise 47 units in total, for an aggregate commitment of approximately £7.2 million (excluding costs). The properties are located in the South (12 units), East Midlands (16 units), Yorkshire (11 units), the […]
Pacific Horizon (PHI) has announced its annual results for the year ended 31 July 2019; it has benefited from a better second half performance. During the year as a whole, PHI saw its fall by 1.9% on a total return basis, compared to a 4.2% rise in the MSCI All Country Asia ex Japan Index […]
Tritax EuroBox (EBOX) has announced that it has completed re-gearing the lease at its property in Bornem, with Alcon-Couvreur NV, which it describes as one of the world’s leading eye care companies. The Bornem property is in a prime logistics location near Antwerp in Belgium. It is a well specified facility that was acquired by EBOX as part of […]
Target Healthcare REIT (THRL) has announced a placing of new ordinary shares, that is targeting gross proceeds of approximately £50 million, under its existing Placing Programme. The offer price is 110.5 pence per share, which represents a 6.2% discount to the closing price of 117.8p per existing ordinary share on 4 September 2019 and a premium of 2.8% […]
Hg, the Manager of HgCapital Trust, has announced that Register Group is being sold to team.blu. However, the trust will continue to have some exposure as the trust is also invested in team.blue, in parallel with other institutional clients of Hg, through its investment in the Hg Genesis 8 Fund. Hg describes Register Group as […]
Gabelli Value Plus+ Trust (GVP) announced on 31 July 2019, that it was proposing to undertake a tender offer for up to approximately 14.99 per cent. of its issued share capital. It also announced that it would amend the existing continuation vote provisions and propose a continuation vote every two years, commencing from the 2020 […]
Secure Income REIT posts impressive half-year results – that included a 3.4% uplift in net asset value (NAV) per share and a total shareholder return of 8.2%. The company, which invests in long-term index-linked income producing property, reported adjusted earnings per share of 8.1p for the six months to 30 June 2019, a 30.6% jump […]
Trian pleased with developments at Ferguson – On 13 June 2019, funds managed by Trian announced a 5.98% interest in the shares of Ferguson, valued at approximately GBP736 million at that time. This company had invested approximately GBP250 million of that, at an average cost of GBP52.85 per share. In addition, because Ferguson receives the vast majority […]
GCP Student Living reports strong performance – over the year to the end of June 2019, GCP Student Living’s EPRA NAV rose from 149.12p to 165.52p and it paid dividends of 6.15p, up from 5.695p for the prior year. The portfolio continues to grow. This year GCP Student Living announced: Completion of the refurbishment of […]
BioPharma to spend $600m cash pile by year end – in its interim results, covering the first half of 2019, BioPharma Credit reports that $165.7m was invested in total of which: $80m went to a senior secured loan commitment to BioDelivery Sciences on 23 May 2019 The first tranche of $60m was drawn on 28 May […]
Supermarket Income REIT bucks high street gloom – in its results for the 13 months ended 30 June 2019, Supermarket Income REIT reports: 8.0% total shareholder return for the year vs UK REIT sector return of minus 6%; Four quarterly dividends totaling 5.6 pence per ordinary share (2018: 5.5 pence); Quarterly dividends up 3.2% since […]
In QuotedData’s other news 3 September 2019 Impact Healthcare REIT’s NAV edged up over the first half of 2019 – from 103.18p to 104.67p. The interim dividend is 3.09p (up 3%) and this is well-covered by first half earnings of 3.62p per share. It has committed 85% of the money it raised in May. GCP Student […]
India Capital Growth reports on difficult start to 2019 – Following a difficult year in 2018, the Indian stock market struggled to move forward in the first half of 2019. While the large company index showed a positive return, the small and mid-cap index, the BSE MidCap Total Return Index declined 2.4% in sterling terms. India […]
Syncona funding Gyroscope and Achilles – Syncona has announced two deals this morning. The first is a £48m commitment to Gyroscope Therapeutics, making up most of a £50.4m Series B financing. This brings Syncona’s total commitment to Gyroscope since foundation to £82.0m and it owns an 80 per cent stake in the business. Syncona is holding this […]
Qannas shares suspended pending major deal – Qannas has entered into conditional agreements to acquire a substantial portfolio of investment assets from a consortium of third party vendors. The independent directors of Qannas (Chris Ward and Richard Prosser) believe that the deal is a compelling opportunity to significantly enhance and broaden the existing investment portfolio of […]
US Solar Fund has announced it has closed the acquisition and financing of 100% of the cash equity interests in the 128MW Milford Solar Project. Construction is expected to begin immediately with full commercial operations expected before the end of 2020. The Company first announced the acquisition on 23 July 2019, however detailed disclosure was subject […]
In QuotedData’s other news 2 September 2019 – Ecofin Global Utilities and Infrastructure has announced that Stifel Nicolaus Europe Limited has been appointed as its sole Corporate Broker with immediate effect. St Peter Port Capital has announced that it proposes to terminate its discretionary investment management agreement with St Peter Port Investment Management Limited and become a […]
Woodford Patient Capital Trust (WPCT) has announced the appointment of Jane Tufnell as an independent non-executive director with immediate effect. Jane will also become a member of the Audit, Risk and Valuation and Management Engagement Committees. Jane has considerable investment trust and fund management experience, including a number of board and non-executive roles. She has […]
