News

Tritax Big Box REIT has announced that it has completed the land purchase and exchanged contracts to provide forward funding for the development of a new distribution facility at Prologis Park, Fradley, Staffordshire. The development is pre-let to Screwfix Direct Ltd, whose ultimate parent is Kingfisher Plc The development represents an investment of £52.7 million, […]

Bluefield Solar Income Fund has announced announce that it has entered into binding agreements to acquire five new build sub-5 megawatt peak ground-mounted solar photovoltaic plants. The projects are being acquired for a total consideration of £22.7m, including transaction costs and working capital. The company says that each plant is expected to become operational before […]

Oakley Capital Investments Limited has announced that it has been informed that Cinven has reached an agreement to sell Host Europe Group, the largest privately owned hosting provider in Europe, to GoDaddy Inc, which it says is the world’s largest cloud platform dedicated to small independent ventures. Oakley Capital Private Equity II took a minority […]

Sequoia Economic Infrastructure Income Fund has announced the results of its recent placing, which took place under its placing programme. The company was targeting a placing of in excess of £40m and, under the terms of its placing programme, has the authority to issue up to a maximum of 120m shares. The company says that […]

Over the six months to the end of October 2016, Monks’ net asset value total return was 25.3%, beating the World Index which returned 23.6%. The share price total return for the same period was 27.5%, with the discount to NAV* narrowing to 8.0%. They say that the biggest positive contributors to performance were technology stocks: US […]

Witan has reviewed the benchmark it uses to measure its performance and has made the following adjustments: UK reduced from 40% to 30% North America increased from 20% to 25% New allocation to emerging markets of 5% They say that Witan’s benchmark, which is used as a reference point for comparing performance, has evolved over […]

The Board of AXA Property Trust Limited has announced that the company has entered into a binding contract for the sale of the property at Rothenberg, Germany. The contracted sales price is EUR22.02 million reflecting a discount of 1.7% below the asset’s independent valuation as at 30 September 2016. Completion is expected at the end of […]

In the financial year to 30 September 2016, Henderson European Focus Trust produced total return NAV per ordinary share of 20.4%. This compares to a total return of 21.1% for the Europe ex UK Index in sterling terms.  The share price total return was 8.6%. The shares continued to trade in a tight range relative […]

Fidelity Asian Values has announced that, as detailed in its Prospectus dated 26 October 2016, it has made a one for 5 bonus issue of subscription shares and has allotted 13,497,222 subscription shares. The Subscription Price is equal to the published unaudited NAV per Ordinary Share as at 5.00 p.m. on 2 December 2016, plus […]

SVG Capital has announced the results of its general meeting at which shareholders have a proved a change of investment policy, which allows for an orderly realisation of the Company’s assets and to make repurchases in connection with a series of tenders offers, which will allow for a progressive return of cash to shareholders. Following […]

Hummingbird Resources (HUM:AIM) The Project capex for Yanfolila of US$88 million, is now fully funded. After a rigorous due diligence process, Taurus Funds Management Pty Limited has agreed to provide a US$45 million Senior Secured Term Facility and a US$10 million Cost Overrun Facility for the Yanfolila Gold project in Mali. The existing Bridge Loan […]

Better Capital’s 2012 Cell has exchanged contracts on the disposal of its interests in iNTERTAIN Limited to Stonegate Pub Company Limited at an enterprise value of GBP39.5m.  Formal completion is unconditional and is anticipated to happen later this week. The deal results in a small write down of Better Capital 2012’s NAV. iNTERTAIN owns and […]

Pan African Resources (PAF:AIM) The company is planning to move forward with production for its Elikhulu Tailings project, as Definitive Feasibility results surpass expectations of previous technical and financial assessments. Construction will commence on finalisation of a project financing package. Rand Merchant Bank has provided a five-year R1bn debt facility for the funding of the […]

Standard Life European Private Equity delivered a total return for the year ended 30 September 2016 of 24.8%. By contrast, the MSCI Europe Index delivered a total return of 20.2% over the same period. The closing mid-market price of the Company’s ordinary shares on 30 September 2016 was 267.3p, an increase of 24.9% over the year […]

Pacific Alliance China Land Limited has realised its entire interest in Project Auspice. The investee (Dalian Wanda Commercial Properties Co., Ltd., or “Wanda”), is one of China’s largest property developers focusing on integrated mixed-use development and operation management of commercial properties throughout the PRC. In 2009, PACL invested RMB 153 million (approximately equal to USD […]

HICL Infrastructure Company Limited has reached an agreement to acquire a 33.3% equity interest in Northwest Parkway, a toll-road located in the Denver metropolitan area of Colorado, U.S.A.  HICL is part of a consortium alongside DIF Infrastructure IV and Northleaf Capital Partners, which has agreed to acquire a 100% equity interest in the project from […]

Seneca Global Income & Growth Trust has published its interim results for the six months ended 31 October 2016. The fund generated a net asset value per share total return of +10.1% for the six months to 31st October 2016 and the share price total return was slightly lower at +9.8%, both much better than the benchmark […]

Lowland Investment Company has agreed to issue GBP30m in senior unsecured fixed rate private placement notes at an annualised coupon of 3.15% with a 20 year bullet maturity. The funding date for the Notes will be 5 January 2017 and the Notes will be due for repayment on 5 January 2037. The semi-annual interest payment dates […]

Ground Rents Income Fund has announced results for the year ended 30 September 2016. Over the period the fund’s NAV increased by 14.3% to 129.31p. the dividend for the year was 3.959p. They say that RPI reviewable ground rents are particularly in demand. For those that review every 25 years with rents doubling, yields have dropped […]

Invesco Perpetual Enhanced Income has announced results for the year ended 30 September 2016. Over the period, the NAV total return was 15.7% which compares to a total return for the Merrill Lynch European High Yield Bond index (Sterling Hedged) of 9.5%; the Sterling Investment Grade Bond Index return of 16.3%; and United Kingdom Gilts returning […]

Industrial Multi Property Trust PLC has announced that it has received notice from Alpha Real Trust Limited who holds approximately 18.7 per cent. of the share capital requisitioning an extraordinary general meeting of the Company (the “EGM”) to consider the following resolutions: That Jonathan Clague is removed as a Director of Industrial Multi Property Trust PLC. That […]

Acorn Income Fund has announced proposals that seek to extend the life of its zeros until 28 February 2022. Zero holders have the option their cash back in 2017 as planned. There will also be an opportunity to subscribe for new ordinary shares and new zeros. Acorn Income has, currently, two classes of shares in issue: […]

RM Secured Direct Lending (RMDL) plans to list on the London Stock Exchange’s main market later this month, and if the move goes ahead it will be only the third investment company* to launch an initial public offering (IPO) this year. Hadrian’s Wall Secured Investments (HWSL) ended an IPO drought in June and earlier this […]

Globalworth is to raise €200m at €8 per share a 12.6% discount to its NAV. This means value is being transferred from existing investors to the new investors. The net asset value will be diluted. The shares have risen on the news, possibly reflecting the good news that it will now have enough money to develop its Globalworth campus […]

During the six months to 30 September 2016 Jupiter Green’s net asset value per share increased by 16.5 per cent. (with dividends added back). This compares with a total return in the benchmark index, the MSCI World Small Cap Net Total Return Index of 20.9 per cent. over the same period. The mid market price of […]

Over the year to 30 September 2016, European Investment Trust’s NAV per share increased by 12.3% from 742.2p to 833.8p. After taking account of dividends paid in the year of 16.0p per share, the NAV total return was 14.9%. This compares with the total return of 21.8% from the fund’s benchmark. The share price increased by 7.4% […]

LondonMetric Property says its EPRA NAV fell to 143p from 147.7p over the course of the six months ended 30 September 2016. Its EPRA earnings per share climbed to 4p from 3.7p however. The interim dividend has edged up by 0.1p to 3.6p. Year to date they have sold GBP84.2 million of retail and leisure […]

Better Capital has published a half-year report covering the six months ended 30 September 2016. The 2009 cell is doing OK, as the sale of its largest holding nears but the 2012 cell is struggling. The 2009 Cell NAV per share was 116.08p at 30 September 2016 which compares to 116.73p at 31 March 2016 […]