Syncona accelerates investment in gene therapy portfolio LSE-listed biotech VC fund Syncona (SYNC) has made a significant investment in three of its portfolio companies involved in developing gene therapies, with staged commitments of £85m ($112m) to Freeline Therapeutics, $35m to SwanBio and $12m to Orbit Biomedical. Freeline, which was spun out from University College London (UCL) in 2015, is […]
Alexion files for key drug with priority review voucher Trust favourite Alexion Pharmaceuticals (Nasdaq: ALXN) yesterday confirmed it had made a US regulatory submission for approval of ALXN1210, its long-acting C5 complement inhibitor, for the treatment of the ultra-rare condition of paroxysmal nocturnal hemoglobinuria (PNH). Alexion is a cornerstone holding for both the OrbiMed-managed Biotech Growth Trust […]
WPCT still at bottom of bio specialist trust league in May Neil Woodford’s eponymous Patient Capital Trust (WPCT) has once again ranked at the bottom of the performance league table of biotech/healthcare specialist investment trusts maintained by Marten & Co in the month of May, both in terms of price and NAV total return. This is […]
UK Mortgages in Keystone Property Finance deal – The Board of UK Mortgages Limited has announced that, following a competitive process and preliminary discussions, terms have been agreed on a forward flow purchase arrangement for Keystone Property Finance to originate a book of Buy-to-Let mortgages. This was the deal that was first announced on 26 April […]
Regional REIT sells The Point in Glasgow – Regional REIT has exchanged contracts to sell The Point Trade & Retail Park, Hamilton Hill, Glasgow for GBP14.1m. This reflects a net initial yield of 6.6%. The 158,546 sq ft property was acquired in 2013 and comprises 11 individual units let on 10 separate leases. Over the five-year […]
LondonMetric Property buys urban logistics portfolio – LondonMetric Property has announced the acquisition of ten single let, mainly urban logistics properties for GBP55.0 million from the ACT Foundation. The purchase price reflects a blended net initial yield of 4.4% and a reversionary yield of 5.3%. The portfolio consists of nine urban logistics assets totalling 340,000 sq ft […]
UK stock selection positive for F&C Global Smaller Companies – The company has released its full audited statement of results for the year ending 30 April 2018. The diluted NAV of F&C Global Smaller Companies (FCS) delivered a total return of 9.3%. The share price of the company rose by 9.1% (total return). Both share price […]
Want to live forever? FastForward Innovations invests in Juvenescence – FastForward Innovations Limited has subscribed US$2 million for an approximate 0.8 per cent. equity interest in Juvenescence Limited, a BVI incorporated private company developing therapies to slow, halt and potentially reverse ageing. FFWD has subscribed as part of a US$50 million Series A fundraise that Juvenescence […]
Gabelli disappoints in year of sterling strength – Gabelli Value Plus made a negative 6.5% return on NAV for the year ended 31 March 2018, underperforming the Russell 3000 Value Index, which returned -4.5% and the S&P 500 Index which made a positive 2.0% return for that period. a widening discount meant that the share […]
Better Capital say CMA puts spanner in the works of Northern Aerospace deal – Regarding the disposal of Northern Aerospace Limited to Gardner Aerospace Holdings Limited, Better Capital PCC Limited has been informed by BECAP12 GP Limited that the parties have entered into a further unconditional agreement which provides for completion on 22 June 2018. On […]
Gresham House Strategic reports best year so far, although its discount to NAV remains stubbornly high. Gresham House Strategic plc (GHS) has released its final audited results for the year ended 31 March 2018. in it, the company reports that its NAV per share grew by 10.7%, compared to the FTSE Small Cap Index and the […]
“Bag a bargain” – six trusts on discounts [First a disclaimer – here at QuotedData we don’t make recommendations – we just try to give you the information that you need to make your own mind up – and we are not financial advisers. In the article, James Carthew mentions two trusts that are trading […]
Investment Trust Insider on Middlefield Canadian Income James Carthew: Middlefield – North America with income Canada tends to get overlooked by investors, dismissed perhaps as a play on resources. Of course, while these are an important part of its economy, there is much more to the country than that. Within the investment companies market, we […]
Yew Grove REIT buys two Dublin offices – Yew Grove REIT has exchanged contracts to acquire the One and Three Gateway office buildings, which are situated on the East Wall Road in Dublin 3 for an agreed price of EUR29 million. The two office buildings, which were included as part of the property pipeline in the […]
Renewables Infrastructure buys Solwaybank wind farm – The Renewables Infrastructure Group has acquired an onshore wind farm in the UK, Solwaybank, located in Dumfries and Galloway, Scotland. Solwaybank is in the early stages of construction and expected to become operational in Q1 2020. Once complete, Solwaybank will comprise 15 Senvion MM100 wind turbines, each with […]
Aberdeen New India flat result belies turbulent year – For the year ended 31 March 2018, Aberdeen New India’s NAV rose by 0.4% to 490.0p as compared to the benchmark MSCI India Index which fell by 1.7% (both in Sterling terms). However, the share price fell by 3.5% to 426.0p reflecting a widening of the discount to […]
Leaf gets payment from Invenergy – On June 14, 2018, the Delaware Court of Chancery entered its final order and judgment. The trial court’s final order entered judgment in Leaf‘s favor on Invenergy’s counterclaim seeking a declaration that Leaf had breached certain provisions governing Leaf’s ability to put its shares, and Invenergy’s ability to call those […]
BlackRock Emerging Europe will wind up – BlackRock Emerging Europe says that 21,821,195 ordinary shares were validly tendered under its tender offer, representing approximately 60.75% of its issued share capital. The remaining assets of the company would be approximately GBP48 million, which is below the minimum level which the Board deems necessary for the company to continue. The […]
The trust formerly known as Chelverton Small Companies Dividend Trust has announced that it is changing its name to Chelverton UK Dividend Trust. According to the company, the change of name is expected to become effective on 15 June 2018 and updated by the FCA and LSE on 18 June 2018. The Company say that […]
PRS REIT invests in Manchester and Merseyside – PRS REIT has announced that it has acquired three development sites, with a combined gross development cost of about £34.4m, and has purchased an additional completed PRS site for about £9.1m. Development sites to provide 238 family homes The three development sites comprise a site in Greater […]
Arix, Syncona and WPCT look set to reap gains on pending Autolus Nasdaq IPO Three LSE-listed health/biotech venture capital investment firms – Arix Bioscience (ARIX), Syncona (SYNC) and Woodford Patient Capital Trust (WPCT) – should see a nice boost to their NAV if Autolus, the UK-based CAR-T cell company completes its proposed Nasdaq IPO. Autolus is a portfolio company for […]
Duke Royalty signs letter of intent for its fifth loan – Duke Royalty (DUKE) has signed a letter of intent with a US provider / publisher of legal information for US$ 3.5m. Royalty financing Royalty financing is an alternative to regular debt financing (loans and trade credit) and equity financing (venture capital and stock sales). Duke Royalty […]
Civitas adds to its social housing portfolio – Civitas Social Housing (CSH) has completed the purchase of seven new properties for £5.4m. Six of the properties are specialist supported living properties and one is residential care property. The properties, which currently have 44 tenancies, will be managed by Falcon Housing Association, a registered provider, and counter party to other leases […]
John Laing Environmental Assets has been busy, diversifying its portfolio – John Laing Environmental Assets Group Limited (JLEN) has published its results for the year ended 31 March 2018. In what the company sees as an increasingly competitive markets in all of the main sectors that JLEN operates, the NAV per share was 99.6 pence, compared with 100.1 […]
Hg Capital invests in IT Relation – Hg, the Manager of HgCapital Trust, has announced an investment in IT Relation, a leading Danish supplier of managed IT services to small and medium sized enterprises (SMEs). The terms of the transaction were not disclosed. HgCapital Trust plc will invest approximately GBP16.0 million in IT Relation, with other […]
Primary Healthcare Properties buys Swindon medical centre – Primary Health Properties has acquired the Moredon Medical Centre (net assets acquired GBP6.1 million), a standing let investment property situated in Moredon, Swindon. The property comprises of a modern, purpose built 1,446 m(2) medical centre which is fully let to the Moredon Medical Centre Partnership, receiving rent […]
Phaunos board urges shareholders to take no action – Talking about the announcement made on 5 June 2018 by Stafford Capital Partners Limited, regarding a possible cash offer for Phaunos Timber, Phaunos’ board re-iterates its commitment to balance maximising the value from the company’s investments with making timely returns of capital to shareholders. At the Annual […]
A year of significant progress for NextEnergy Solar – NextEnergy Solar Fund (NESF) has published its results for the year up to 31 March 2018. The NAV of the company has risen to £605m from £479m. The NAV per share rose by 0.7% from 104.9p in 2017 to 105.1p. The company reported profit before tax of £32.2m (2017: £49.8m) with […]
LMS Capital sells Penguin Computing – LMS Capital says that San Francisco Equity Partners Fund 1 has received proceeds from the sale of its investment in Penguin Computing, Inc. Penguin supplies enterprise and high performance computing and cloud computing solutions, principally in North America. LMS owns its interest via its holding in San Francisco Equity […]
Strength of the pound hurts the Establishment Investment Trust – The Establishment Investment Trust (ET.) released it financial results for the year ended 31 March 2018. The company’s share price rose by 8.9% (total return), although the NAV fell by 2.5%. Excluding dividends, the share price rose 3.9%. The NAV fell by 6.3%. Since launch in 2002, the share price total return has […]
