In a new twist, Harbourvest has said in a press statement that it might bid for SVG’s portfolio. It followed this up with a statement this morning that said “HarbourVest announces today that it has approached the Board of SVG Capital with a view to engaging immediately with the Board to put forward a firm […]
Atlantis Japan has reported that 7,614,446 embedded subscription rights (like subscription shares but a right that attaches to the ordinary shares and doesn’t trade separately) have been exercised at 143.76p, raising c£11m for the company. AJG : Atlantis Japan expands as embedded subscription rights exercised
JZ Capital has announced that its has sold two of its investments, Southern Petroleum Laboratories and Metpar, for a combined $11.5 million. JZCP received proceeds of $8.4 million from the sale of Southern Petroleum Laboratories , a leader in oil & gas measurement and laboratory services, which is approximately the company’s carrying value. JZCP also received warrants […]
GCP Infrastructure has announced that it has committed to subscribe for two loan notes of up to GBP60 million in aggregate, the proceeds of which will be used to finance supported living units for occupation by adults with learning or physical difficulties. The first Loan Note, for up to GBP50 million and with an expected term […]
Henderson EuroTrust has published results for the year ended 31 July 2016. The net asset value (“NAV”) per share total return (including dividends reinvested and excluding transaction costs) was 11.7% compared to a total return from the benchmark index, the FTSE World Europe (ex UK) Index of 7.1%. Total dividend for the year of 20.0p […]
In some ways, frontier markets are the start-ups of the investment world. They have huge untapped growth potential but are precarious propositions with no guarantee of success and are difficult for investors to access. On its own, each individual market is incredibly risky. Bundled together in indices and funds, they offer a potentially compelling investment […]
Tharisa Minerals (THS.L) Modifications to Voyager’s Plant chrome processing circuit in H1 FY2016 to facilitate increased production of higher value speciality grade chrome concentrates, enables Tharisa to distribute to more globally diversified markets. The average PGM basket price for quarter ended September was US$804 oz, which was US$59 an ounce higher than previous quarter. Metallurgical grade […]
VinaLand has announced results for the year ended 30 June 2016. The NAV fell to 86 cents from 91 cents. However after adjusting for the USD0.0876 distribution of capital from the share premium account, the NAV per share increased by 4.1% year-on-year. The Company’s share price closed on 30 June 2016 at USD0.58 per share, […]
Custodian REIT has announced that it has acquired a 44,643 square foot distribution unit, on the Heartlands Business Park, Daventry, for £3.08m. The unit is let to Cummins Limited, on a lease expiring on 15 July 2019, and the current passing rent is £221,045 per annum, which reflects a net initial yield of 6.75%. The […]
Electra Partners has announced that its portfolio company AXIO Group has received a binding offer from M3, Inc. to purchase Vidal Group, a leading European provider of reference drug information for healthcare professionals, for EUR100 million. The proposed transaction, which remains subject to certain conditions including consultation with the relevant works council in France and […]
HarbourVest has announced that, in light of the proposals disclosed by SVG Capital yesterday, to sell SVG Capital’s entire portfolio to funds managed by Goldman Sachs Asset Management’s Alternative Investments & Manager Selection Group (Goldman Sachs AIMS Group) and certain investment entities managed by Canada Pension Plan Investment Board (CPPIB) for approximately £748m, it believes […]
The Board of Empiric Student Property plc has acquired the freeholds of five operating properties, one in Exeter, two in Leicester and two in Portsmouth, with a total of 464 beds, for an aggregate cash consideration of GBP26.69 million (excluding acquisition costs) from assets managed by LaSalle Investment Management. All the properties were fully let […]
The Board of Ground Rents Income believes that the ability to utilise borrowings in addition to equity, and to leverage assets over a longer term period, will allow the Company to take advantage of attractively priced debt currently available to it, and provide greater flexibility now that the Company’s equity is fully invested, to allow the […]
NB the headline came from the magazine not QuotedData! We cannot and do not seek to recommend individual funds to private investors. The choice of fund should reflect your personal circumstances. “Sipp investors looking for income may be able to find this in investment trusts that have a long history of delivering consistent dividends. Matthew […]
Henderson Diversified Income Limited is mulling a change to its corporate structure (currently it invests through a Luxembourg subsidiary). Since it was launched, there have been a number of developments in Luxembourg tax legislation and practice, in particular in relation to transfer pricing. The OECD has recently introduced the BEPS (base erosion profit shifting) framework under […]
The Board of Invesco Perpetual Select Trust has announced that, with effect from 4 October the management of the Company’s UK Equity portfolio will pass to James Goldstone. James has 15 years’ industry experience and has worked closely alongside Mark Barnett for the last four years. He currently manages circa GBP160 million in UK Equity Pension Fund and […]
Baillie Gifford Japan Trust PLC outperformed its benchmark index over the year to 31 August 2016 by 4 percentage points. Net asset value per share, after deducting borrowings at fair value, rose 25.7%, while the TOPIX index gained 21.5%. In this period the Company’s share price increased by 16.3%. Having traded at a premium for most […]
SVG Capital has provided an update regarding the proposed sale of the company’s investment portfolio and wind down. The Board says that it has agreed in principle the key commercial terms of a proposed sale of 100% of the investment portfolio to funds managed by Goldman Sachs Asset Management’s Alternative Investments & Manager Selection Group […]
Custodian REIT has announced that it has acquired a 92,672 square foot distribution unit, on Centrum 100 Business Park, Burton upon Trent, for £7.06m. The unit is let to Kings Road Tyres and Repairs Limited, on a lease expiring on 26 July 2031, which is subject to a tenant’s option to break in 2021. The […]
Caledonia Mining Corporation produced 13,430oz of gold from its Blanket mine in Q3 2016, a 23% increase on the corresponding quarter of 2015. Production was also up over 7% from Q2 2106. The increases come from greater ore mined at higher grade from the deeper levels of the mine, below 750m, utilising the recently-completed No […]
3i Infrastructure has announced that it has committed to invest €6.5m in the A27/A1 primary Public Private Partnership project in the Netherlands. The company is investing as part of a consortium, 3Angle B.V. (3Angle), which also comprises Heijmans Capital (a joint venture between Heijmans and 3i Infrastructure) and Fluor Infrastructure. This investment is 3i Infrastructure’s […]
Central Asia Mines has reported record quarterly copper production and sales at its Kounrad operation for the third quarter ended 30 September 2016. Kounrad produced 4,102t of copper cathode, a 38% increase on the corresponding period of 2015, including a record monthly production of 1,503t in August. Year-to-date copper production was 11,010t, a 31% increase […]
For the year ended 30 June 2016 Bluefield Solar Income Fund reports that its NAV fell to 99.39p from 103.58p. It paid dividends totalling 7.25p, ahead of expectations. The share price at the end of June was 99.75p, a small premium to NAV, but since the end of the year, the shares have rebounded and currently […]
Custodian REIT has acquired a 36,168 sq ft retail warehouse in Leighton Buzzard, located 10 miles from junction 12 of the M1. Nearby occupiers include Tesco, Aldi and Waitrose. The property is let to Homebase Limited on a lease expiring on 22 December 2023 with a current passing rent of GBP524,436 per annum, reflecting a net […]
North American Income Trust reports that, over the six month period to 31 July 2016, the Company’s net asset value per share rose by 28.0% on a total return basis, in sterling terms, outperforming both its reference indices, the S&P 500 and the Russell 1000 Value, which provided total returns of 21.0% and 23.2% respectively […]
Electra Partners is pleased to announce that, following the successful initial public offering (“IPO”) of its portfolio company Premier Asset Management Group PLC, it expects to partially realise Electra Private Equity PLC’s (“Electra”) investment in the business. Based on the offer price, Electra’s investment in Premier has a value of GBP46 million, an uplift of […]
Project Finance Investments Limited has announced that it has made a 16 year loan in an amount of up to GBP12.8 million to finance the construction and operation of a care home which, upon completion in 2017/18, will comprise c. 67 units. The loan is secured by way of first ranking charges against the property […]
HarbourVest has made a statement to the effect that it notes that despite the Board of SVG Capital stating on 3 October 2016 that it would be in a position to update Shareholders as to its discussions with other parties by this morning, no announcement has been made. This came out at 13:14 today. SVG […]
In the twelve months ending 30 June 2016, JPEL Private Equity’s NAV per US$ Equity Share increased by $0.15 or 11.8% to $1.42, however, JPEL’s US$ Equity Share price declined 3.6% during the fiscal year from $1.00 to $0.97. Subsequent to the period, JPEL’s US$ Equity Share price increased from $0.97 to $1.04 on 29 […]
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