Real Estate Credit Investments (RECI) has announce that it has conditionally raised £25.26m through a placing of 15,546,613 new ordinary shares, at a price of 162.5p per share. RECI says that it intends to utilise the net proceeds of this initial placing to invest primarily in debt secured by commercial or residential properties in the […]

Foresight Solar Fund Limited (FSFL) has announced that it has acquired a 100% interest in a 49.6 MW operational UK solar asset, Sandridge solar farm, located in Wiltshire (Sandridge). The acquisition is its second largest to date and its second acquisition of 2017. Accredited for 1.3ROCs Sandridge was connected to the National Grid in March […]

HICL Infrastructure Company Limited has announced a fund raising with a target size of £205m that comprises a placing, open offer, offer for subscription and intermediaries offer at an issue price of 159.0p per New Ordinary Share. The Company has published a prospectus relating to the Issue and says that this and a circular will […]

JPMorgan European Smaller Companies Trust, chaired by Carolan Dobson (pictured), has announced changes to its management fee arrangements. With effect from 1st April 2017 the investment management fee will be charged at an annual rate of 1.00% of the Company’s Net Assets on the first £400 million, and 0.85% of Net Assets in excess of that […]

Industrial Multi Property Trust (IMPT) has announced its annual results for the year ended 31 December 2016. During the period, the company’s NAV per ordinary share increased by 17.9% to 298.5p (2015: 253.2p), whilst its adjusted NAV per share increased by 18.0% to 307.4p (2015: 260.6p). The company says that the increase in the NAV […]

Bluefield Solar says that, at the end of December 2016, its NAV had increased to 105.07 pps (30 June 2016: 99.39 pps). The WACC used to calculate the NAV was unchanged from December 2015 and June 2016 at 6.6%. They delivered underlying earnings of GBP11.7 million in the period.  This enabled a fully covered first […]

Allianz Technology Trust reports that it underperformed its benchmark over the year ended 30 November 2016. The NAV increased in the period by 23.8%, finishing at 835.9p as at 30 November 2016 compared with 675.1p as at 30 November 2015.  The benchmark index, the Dow Jones World Technology Index (sterling adjusted, total return), increased by 31.7% […]

Greencoat UK Wind reports that its NAV growth during 2016 was 4.1 pence per share (after adjusting for dividends). NAV per share increased from 102.9 pence (ex dividend) on 31 December 2015 to 107.0 pence (ex dividend) on 31 December 2016. They paid total dividends of 6.34 pence per share for the year and are targeting […]

GCP Student Living has announced the results of its ‘oversubscribed issue’. The Board says that it has received applications from investors substantially exceeding the target gross proceeds (in excess of £60m) and, in light of the available investment opportunity in a prime central London location, it has resolved to accept applications in respect of 57,545,195 […]

Menhaden Capital (Menhaden) currently operates with a dual listing on both the London Stock Exchange and the Social Stock Exchange segment of the NEX Exchange Main Board. Menhaden’s board says that, having consulted with its advisers, it has decided to seek to cancel the company’s secondary listing on the NEX in order to achieve operational […]

Ariana Resources (AAU:AIM) Completed a resource-focused target generation for the  Tavsan Project which is part of the Red Rabbit 50% joint venture with Proccea Construction Co. Sixteen target areas were identified, including the following important drill intercepts: [email protected] g/t Au + 6.83 g/t Ag, [email protected]/t Au + 3.67 g/t Ag and [email protected] g/t Au + 4.32g/t Ag, […]

Tritax Big Box REIT (Tritax) has announce that it has completed the land purchase and exchanged contracts to provide forward funding for the development of a new distribution centre at Signia Park, Didcot, Oxfordshire. The development is pre-let to Hachette UK Ltd (Hachette UK), a UK publishing company whose ultimate parent is Lagardere SCA. The […]

Over the six months to 31st December 2016, JPMorgan Emerging Market’s benchmark index, the MSCI Emerging Markets Index (in sterling terms), rose 13.0%. For the same period, the company produced a total return on net assets of +7.4%. The return to shareholders over the first half of the financial year was higher, at +10.2%. This reflects a […]

Over the six months to 30 November 2016 the Net Asset Value per share of Jupiter European Opportunities rose by 1.2 per cent. This performance was behind the return on the benchmark index, which increased by 10.9 per cent. over the same period. It would be tempting to attribute this short period of underperformance to […]

Standard Life Investments Property Income Trust has completed the purchase of an industrial investment in Sunderland for GBP5.5m, representing an initial yield of 6.4%. The property is located close to the Nissan assembly plant and is let for a further 5 years to a major supplier for Nissan. The property has planning permission for a […]

Amerigo Resources (ARG:TSX) Reported year end and Q4 2016 financial results. Gross tolling revenue for 2106 grew to US$124.4m from US$73.8m for 2015. The increase in revenue was due to a 52% increase in copper production to 56.8m lbs versus 37.3m lbs in 2015. Cash costs declined to US$1.73/lb from US$2.18/lb in 2015 due to […]

LondonMetric Property has announced the acquisitions of a regional distribution warehouse in Wakefield for £9.5 million and a last mile distribution warehouse in Dartford for £6.3 million; reflecting a blended NIY of 5.8% and a reversionary yield of 6.4%. At Wakefield, LondonMetric has acquired a well specified 120,000 sq ft regional warehouse located on a […]

The Renewables Infrastructure Group has announced a total shareholder return for 2016 of 15.7% on a share price basis and 9.3% on a NAV basis. The NAV rose to 100.1p (2015: 99.0p). Excluding the impact of the accelerated payment of an additional quarter’s dividend during the year, NAV per share increased by 2.6p. Dividends of […]

Alliance Trust has released a statement in an attempt to clear up any perceived conflict of interest in the appointment of Willis Towers Watson. We have reproduced this in full below: As announced in May 2016, the Board of Alliance Trust undertook a Strategic Review of the Trust to determine its future direction. The Board […]

Vast Resources (VAST:AIM) Quarterly production and operations update for the three months ended 31 December 2016, for their mines in Romania and Zimbabwe. Their 50.1% owned Manaila Polymetallic mine in Romania saw a 44% increase in copper concentrate production over the previous quarter, producing 889 tonnes at an average 19.5% copper. Zinc concentrate production increased […]

The SME Loan Fund is in discussions regarding proposals which it thinks, if implemented, should: address investors’ concerns regarding conflicts of interest between the Company, its current investment manager and its largest shareholder; provide the Company with access to a broader range of investment management skills through the appointment of SQN Capital Management, LLC (“SQN”) […]

The Board of Strategic Equity Capital understands that Harwood Capital Management and its representatives, of their own volition, are speaking to the company’s shareholders with a view to promoting a scheme that would result in Harwood, or an affiliate thereof, managing some or all of the company’s assets. The Board has been informed that Stuart […]

Hammerson has announced its annual results for the year ended 31 December 2016. The company describes the period as being one of, “robust operational performance across all parts of the portfolio”. During the period, net rental income increased by 8.8% to £346.5m and adjusted net profit increased by 9.9% to £230.7m (IFRS profit fell by […]

The total return on the net assets of Temple Bar in 2016 was 20.4% which compares with a total return of the UK market of 16.8%. There have been three interim dividend payments during the year each of 8.09p per share and the directors are now recommending a final dividend payment for the year ended […]

SEGRO says its EPRA NAV per share up was 8.0 per cent to 500 pence over the course of 2016. They say this was driven by a 4.8 per cent like-for-like increase in the value of the portfolio, reflecting development gains, UK rental growth and asset management activities. The 4.8% increase comprises a 4.5 per […]

Alpha Real Trust holds 18.7% of the share capital of Industrial Multi Property Trust (IMPT), and also holds GBP10.3 million of unsecured subordinated debt (value as of 30 September 2016). The directors of Alpha Real Trust wish to inform shareholders that they have not been consulted regarding the offer for IMPT by Hansteen and believe it […]

McKay Securities PLC has exchanged contracts for the unconditional disposal of the freehold of its remaining interest at Pinehurst Park, in central Farnborough to Pinehurst Investments Ltd (a subsidiary of Shaviram Developments Ltd), for GBP5.88 million.  The purchaser has paid a GBP1.00 million non-returnable deposit, and McKay will retain income through to completion on 28(th) […]

SQN Asset Finance Income Fund (SQN) has announced its interim results for the year ended 31 December 2016. During the period, the company’s ordinary share NAV decreased by 0.01% but the ordinary shares are paying a monthly dividend equivalent to 7.25% of NAV annually and, in October 2016, the c-shares achieved a level of income […]

B.P. Marsh and Partners has acquired, through a newly established company Paladin NewCo Limited, an effective 35% shareholding in CBC UK Limited. CBC is a Retail and Wholesale Lloyd’s Insurance Broker, offering a wide range of services to commercial and personal clients as well as broking solutions to intermediaries. For the year ending 31(st) December […]