QuotedData analyst, Matthew Read, talks to Jennifer Hill at Investment Trust Insider about opportunities within the UK equity income sector. To read the article please click here
River & Mercantile Micro Cap returning more money – River and Mercantile UK Micro Cap Investment Company completed its first partial compulsory redemption in June 2017. This returned approximately GBP15 million to shareholders and reduced the company’s net asset value to around GBP100 million, in accordance with the fund’s policy of keeping itself small and nimble, given the size of […]
P2P Global cuts US exposure – The Board of P2P Global Investments says that the company has entered into an agreement to sell a significant proportion of its exposure to US consumer loans. The transaction represents a reduction of GBP36.9 million net exposure (4.56% of the NAV as at 30 September 2017) and GBP167.1 million gross […]
James Carthew: new faces and a brighter future for Japan Shinzo Abe, who has just become an internet meme by doing a backward roll into a golf bunker, while hanging out with Donald Trump, has pulled off what Theresa May couldn’t, calling a snap election and securing an increased majority. Japan’s prime minister first secured […]
Ranger takes another hit from Princeton – Further to the announcements regarding the bankruptcy proceedings in respect of Argon Credit, LLC and Argon X, LLC, Ranger Direct Lending has been informed by the Princeton Alternative Income Fund Ltd that it intends to take an additional gross reserve of approximately $10.4 million against the Argon portfolio due to a […]
Stock selection lets down JPMorgan Japanese – JPMorgan Japanese has released results for the year ended 30 September 2017. Over the year it produced a total return on net assets of +9.7%, lagging its benchmark index by some 2.5%. When the effects of a tightening discount to net assets at which the shares trade is taken […]
British Empire beats its World ex US benchmark – British Empire achieves an 18.8% return on net assets for the year ended 30 September 2017. 2.5% ahead of the return on its principal benchmark, the MSCI AC World ex US index. The Board has elected to increase the final dividend to 10.0p per share, which […]
John Laing Infrastructure reveals thinking on Labour PFI threats – in a trading update released today, John Laing Infrastructure Fund talks about various issues including the threat to PFI from a Labour government, a write-off in the portfolio and Catalonia. PFI At the annual UK Labour Party conference in September 2017, the UK’s Shadow Chancellor of […]
Axiom European Financial Debt has announced proposals for a share placing. The company says that shares will be issued at a 1.6% premium to the latest published estimated cum income NAV per share, as at the time the Placing closes, to cover the costs of the Placing, and Winterflood Securities will act as bookrunner in […]
LXi REIT has announce that it has exchanged contracts on the pre-let forward funded acquisition of a new Premier Inn hotel in the East Midlands. The total funding commitment is £6.9 million, reflecting a net initial yield of 5.20% (net of acquisition costs to the Company), and the acquisition is being funded from equity resources […]
Regional REIT has announced that its asset manager, London & Scottish Property, has exchanged contracts to sell a development site in Leeds for £10.5m, on a subject-to-planning basis, to Unite Students. The 21,000 square foot site, which was acquired by Regional REIT in March 2016 as part of the Wing Portfolio together with the adjacent […]
James Carthew of QuotedData talks to Kate Beioley of Investors Chronicle read more here (subscription required)
The rewards of investment trusts and bargain valuations – a podcast QuotedData’s James Carthew was interviewed for investors’ Chronicle’s latest podcast – listen here
Investment Trust Insider on Princess Private Equity It is 10 years since Princess Private Equity (PEY) listed in London. This private equity fund has had an interesting history, largely by virtue of its willingness to adapt to make itself more appealing. Prior to listing in London, Princess had a listing in Frankfurt but it wanted […]
Pacific Industrial & Logistics REIT (PILR) has announced that it has completed the acquisition of a modern 41,494 square foot logistics warehouse at Victoria Road, Seacroft, Leeds for a total consideration of £2.8 million. It says that the purchase price represents a net initial yield of 6.8% and the site has a rent of £5.00 […]
Qatar Investment Fund (QIF) has announced a tender offer to purchase up to 10% of its issued share capital. This follows QIF’s announcement on 16 October that it intends to change its investment policy to become a Gulf Investment Fund, in which the board announced that it would put proposals for a tender offer. Tender […]
Fresh problems for SQN as Snoozebox appoints administrators – SQN Asset Finance Income has made the following announcement: “SQN Asset Finance Income Fund Limited (the “Company” or “SQN”), the leading diversified equipment leasing fund listed in the UK, notes the announcement (RNS Number: 9145V) by Snoozebox Holdings plc (“Snoozebox”) regarding discussions concerning its debt repayment […]
Chelverton Growth posts significant outperformance – Over the year to 31 August 2017, Chelverton Growth Trust’s net asset value per share increased by 36.9% to 85.63p. This represents a significant outperformance over the benchmark index, the MSCI Small Cap UK Index which rose by 13.7%. Within the portfolio: The biggest change in the year to the […]
Regional REIT changes to manager line up – London & Scottish Investments has announced the appointment of Simon Marriott to the position of Investment Director. Simon will join the main LSI board and work closely with Chief Executive Stephen Inglis on Regional REIT. Simon joins LSI with over 30 years’ experience in the property industry, […]
VinaLand has sold its Project Phu Hoi City stake – VinaLand Limited has sold its entire stake in Project Phu Hoi City, a development project located in Dong Nai province, Vietnam. The project, which was acquired by VinaLand in 2007, is an 84-hectare parcel of land that has received approval for a future residential-township development. […]
Riverstone Energy cashes in part of Centennial Resource Development – Riverstone Energy Limited has announced that it is participating in an offering of shares in Centennial Resource Development. The offering is by affiliates of Riverstone Holdings LLC (which includes Riverstone Energy) and Natural Gas Partners. Riverstone Energy has participated for its proportional share of the […]
LXi invests more in care homes and supported living properties – LXi REIT has announced the acquisition of two separate portfolios of care homes and supported living properties for a total consideration of GBP30.3 million. Each of the portfolio acquisitions is being funded from equity resources following the second issue of shares on 12 October, with […]
John Laing Environmental gets replacement for David Hardy – The board of John Laing Environmental Assets Group says that it has been notified by John Laing Capital Management (“JLCM”), the investment adviser to the Company, that Chris Holmes will join JLCM in January 2018 to take on the role as joint lead adviser to the company. […]
Majedie redeems debt to cut gearing – Majedie Investments PLC has given notice that it is exercising its right to redeem all of the outstanding £13.5m of its 9.5% coupon bond that was due to mature in March 2020. 6 December 2017 will be the redemption date. As Majedie is buying back the bond early, it has to pay compensation under the […]
JZ Capital sells Factor Energia – JZ Capital Partners Limited has sold, at net asset value , its majority equity interest in Factor Energia S.A., which was held through its EuroMicrocap Fund 2010, L.P. The transaction enterprise value was approximately EUR120 million. Factor is being acquired by a public-sector asset manager, on behalf of a major Canadian […]
Oakley buys Career Partner – Oakley Capital Investments Limited has agreed to acquire, through its Oakley Capital Private Equity III fund (“Fund III”), Apollo Global Germany GmbH (“Career Partner Group”), from its current shareholder Apollo Education Group Inc. Fund III, together with a number of underlying Fund III investors, will hold a 79% stake in the […]
Redefine sells German retail property portfolio – Redefine International has announced the sale of the Leopard (German supermarket) portfolio to PATRIZIA Immobilien AG. Completion is anticipated to take place in December 2017. The consideration will reflect a purchase price of EUR205.0 million, reflecting a 10.8% (EUR20 million) premium to the 31 August 2017 book value. They say […]
Raven Russia buys Moscow logistics park – Raven Russia says that a subsidiary has entered into an agreement for the acquisition of a logistics park in Moscow. The agreement is to acquire a completed warehouse complex from Industrialniy park “Sever” Limited Liability Company, a company incorporated in Russia. Initial consideration of RUR 5.119billion ($86.58million), is […]
Henderson Far East Income suffers as growth stocks shine – Henderson Far East Income says that, for the year ended 31 August 2017, the net asset value total return was 17.7% whilst the share price total return was 17.3%. As a comparison, the peer group average fund returned 22.2% and the All-World Asia Pacific ex Japan Index (sterling […]
AEW UK REIT buys Portsmouth retail property – AEW UK REIT has announced the acquisition of 208-220 Commercial Road and 7-13 Crasswell Street, Portsmouth for GBP6.4m. The asset provides a net initial yield of 9.6% and is fully let to seven retail tenants and one office tenant providing a WAULT of 4 years to expiry. The […]
