Hipgnosis buys Kaiser Chiefs catalogue – Hipgnosis Songs Fund has acquired a music catalogue by the English indie band, the Kaiser Chiefs from B-Unique. The Kaiser Chiefs’ 2005 debut album ‘Employment’, which won the Ivor Novello Award for “Best Album”, is certified 6x platinum in the UK and includes the platinum certified ‘I Predict a Riot‘, […]
In QuotedData’s other news 10 December 2019 Greencoat Renewables raised €125m in an oversubscribed placing of new shares. 110,619,469 shares to be issued at €1.13. The money will be used to pay down debt and buy additional assets. We also have stories on a German offshore wind acquisition by The Renewables Infrastructure Group, SEGRO selling a […]
Renewables Infrastructure buys German offshore wind farm – The Renewables Infrastructure Group (TRIG) has exchanged contracts to acquire a c.36% equity interest in Merkur Offshore, a 396MW operational offshore wind farm located in the German North Sea. TRIG has partnered for the acquisition with the Dutch pension investor APG, who will acquire the remaining c.64%. At, […]
Capital & Counties has converted to a UK REIT following the sale of its interests in Earls Court. Under the REIT regime, the group will no longer pay UK direct tax on profits and gains from qualifying rental business. Following the sale of Earls Court for £425m, the company has positioned itself as a prime […]
Major announcement from Hadrian’s Wall Secured Investments regarding its future – A major announcement from the board of Hadrian’s Wall Secured Investments (HWSL). Having consulted with shareholders representing a significant proportion of the company’s shares, the company’s board has determined that the trust should not continue in its current form. The board is now undertaking a […]
Schroder European Real Estate underlying properties deliver 7.7% total return – Schroder European Real Estate (SERE) delivered the following operational highlights over its financial year to 30 September 2019: Agreed a conditional new long-term lease and capex programme at the Group’s largest asset, Boulogne-Billancourt office in Paris, providing future potential capital value and income upside; Portfolio […]
New data from Syncona’s Autolus holding – Syncona (SYNC), a leading healthcare company focused on founding, building and funding global leaders in life science, has this morning made note of the announcement that its portfolio company, Autolus Therapeutics (Autolus), announced new data highlighting progress on its next-generation programmed T cell therapies to treat patients with relapsed/refractory diffuse […]
Octopus Renewables raises whopping £350m – Octopus Renewables Infrastructure Trust – a new renewable energy fund targeting onshore wind and solar assets in the UK, Europe and Australia, has smashed through its £250m fundraising target in its IPO and raised a whopping £350m. As such it looks likely to take the crown for the largest […]
Ediston Property Investment Company, the real estate investment trust, has reported a fall in net asset value (NAV) of 5.7% in full year results. The drop was largely due to a 3.5% fall in the value of its property portfolio, which now stands at £319.2m, and its exposure to the retail sector. All of its […]
In QuotedData’s other news 6 December 2019 Sanditon’s liquidation vote passed yesterday Baring Emerging Europe beat its benchmark for the year ended 30 September 2019, returning 17.8% against 15.9% for the index. The dividend was increased by a penny to 35p. Returns were driven by a strong stockmarket in Russia. Duke Royalty has awarded three […]
Value and Income planning for its future – Value and Income has arranged a seven year secured term loan of £22m. £20.9m of this will be charged interest at a fixed rate of 3.1% a year (this works out at 3.3% a year after all the expenses connected with securing the loan are included in the […]
Unloved markets hold back BlackRock Frontiers – BlackRock Frontier Markets underperformed its benchmark over the year ended 30 September 2019, returning, in US dollars, -1.5% in NAV terms and -6.3% in share price terms against a 0.0% return for the benchmark and a 5.9% return for the MSCI Frontier Markets Index. The dividend is 7.75 cents […]
In QuotedData’s other news 5 December 2019 – CATCo Reinsurance Opportunities (CAT) announced the appointment of Arthur Jones as a non-executive director with effect from the conclusion of a board meeting of the company held on 4 December 2019. Arthur will also chair the company’s audit committee. CAT notes that Arthur is a chartered accountant […]
Impact Healthcare REIT – Impact Healthcare REIT (IHR), which has a particular focus on care homes, has raised raised £35m in a share placing. The company’s manager is working on a number of transactions which, if completed, it says would lead to the acquisition of up to a further 20 homes, enabling the full deployment of the […]
Healthcare and IT-focused Edinburgh Worldwide beats benchmark – Global smaller companies-focused Edinburgh Worldwide (EWI)’s results period to 31 October 2019 saw NAV total returns come in at +7.4% (the shares returned +6.7%), ahead of the S&P global small cap index benchmark’s +7.2% total return. A number of the company’s holdings contributed to the positive performance, notably: Novocure, a […]
Primary Health Properties (PHP), one of the UK’s leading investors in healthcare facilities, will provide development funding for the construction of a purpose built medical centre in Eastbourne, East Sussex for a total cost of £8.4m. The facility, which will be wholly owned by PHP upon its completion, will be used by two merged GP practices […]
In QuotedData’s other news 4 December 2019 Augmentum Fintech’s NAV made progress over the six months ending 30 September 2019, rising by 2.4%. This would have been higher but their holding in Zopa took a hit as it raised money to fund an application for a full banking licence. We also have news of higher […]
Seneca Global still expanding – in the six month period ending 30 September 2019, Seneca Global Income and Growth managed to issue a net 1.8m shares, despite posting underperformance of its benchmark over this period. The trust’s interim results show a -1.6% return on NAV and a -0.8% return to shareholders for the six-month period. […]
Higher income from JPMorgan Chinese – JPMorgan Chinese’s board is proposing a new dividend policy to pay enhanced dividends through the distribution of capital gains as well as net revenue. Under this new policy, the board aims to set a target dividend, in the absence of unforeseen circumstances, equivalent to 4% of NAV on the […]
In QuotedData’s other news 3 December 2019 – BlackRock Smaller Companies (BRSC) has agreed to issue £20m in senior unsecured GBP denominated fixed rate private placement notes at an annualised coupon of 2.41% with a 25-year bullet maturity. The funding date for the Notes is today, 3rd December 2019 and the notes will be due for […]
Starwood European Real Estate Finance makes Spain office investment – Starwood European Real Estate Finance (SWEF) has announced that on 29th November 2019, the group closed an investment in a 5-year floating rate loan secured by a portfolio of office assets Spain, with Starwood Property Trust, Inc (through a wholly owned subsidiary) participating in 50 per cent of the mezzanine loan amount, providing the group with a net commitment of €24m. The […]
Hipgnosis Songs signs up Fraser T. Smith – Hipgnosis Songs (SONG) has acquired a music catalogue from British songwriter and producer, Fraser T. Smith who has co-written, mixed and produced seven UK number 1 and two US number 1 singles, as well as contributing to 17 number 1 albums. SONG has acquired 100% of Fraser T. Smith’s worldwide […]
In QuotedData’s other news 2 December 2019 – JPMorgan Claverhouse (JCH) has announced that following a review, its management fee arrangements with JPMorgan Funds Limited will change. With effect from 1st January, 2020 the annual management fee, currently 0.60% p/a on net assets up to £500m and 0.50% on net assets over £50m , will be […]
BMO Capital & Income beats its benchmark once again – The UK equity income trust, BMO Capital & Income (BCI), has reported annual results to 30 September 2019, with total return NAV of 5.3% marking another year of outperformance against its FTSE All-Share Index benchmark, which returned 2.7%. BCI notes that under manager, Julian Cane, BCI has beaten […]
Civitas Social Housing reports half-year results as portfolio grows to nearly 600 properties – Civitas Social Housing, the supported living and social housing REIT, has released half-year results to 30 September 2019. CSH’s chairman, Michael Wrobel, commented: “The company is pleased to report a strong set of results with our key performance objectives met. We continue to […]
LMS Capital votes to remove Gresham House – at the meeting called to decide who should be running LMS Capital, the votes were 41.6% in favour of keeping Gresham House as manager and 58.4% in favour of internalising the management of the company. The independent directors (who wanted to keep Gresham) have resigned. The vote […]
In QuotedData’s other news 29 November 2019 PME Africa has increased its loan from Optas Gmbh from €400,000 to €600,000 while it tries to free up cash at its account in Tanzania. EIH says it has consulted its shareholders and a vast majority are in favour of de-listing its shares in the interests of saving money. […]
Qannas will leave AIM to get its deal done – On 3 September 2019, Qannas announced that it was planing to enter into a an agreement to buy a substantial portfolio of assets. It had trading in its shares suspended from AIM while it finalised this. Today, it says that getting the deal done in […]
Urban & Civic saw its EPRA net asset value (NAV) jump 9.6% in full year results after successfully progressing residential sites through the planning system. EPRA NAV rose from £481.2m a year ago to £527.5m with the revaluation of its Waterbeach site, where the company gained outline consent for 6,500 homes earlier this year, contributing £24.6m […]
St Modwen has sold a chunk of its non-core retail portfolio for a total of £34m, as it continues to shift its focus to the industrial sector. The sales, in Doncaster, Crosby and Kirkby, were sold at a discount of 9% compared to the May 2019 book value of the three assets. The disposals follow […]
