Prices and Markets

Amedeo Air Four buys A350-900 aircraft - Amedeo Air Four Plus say that, as anticipated in their prospectus dated 13 June, 2017, the company, via its wholly-owned subsidiary, AA4P Lambda Limited, purchased one A350-900 aircraft bearing manufacturer's serial number 123 on 13 July, 2017. The aircraft has been placed on lease to Thai Airways International Public Company Limited for a term of 12 years. Following this purchase, Amedeo Air Four Plus now owns eight A380-800, two B777-300ER and one A350-900 aircraft, each of...

QuotedData investment companies roundup – July 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of May 2017. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised in July Newly launched in June were AEW UK Long Lease REIT and ScotGems which raised £80.5m and £50.3m respectively. It might be fair to say that both funds were hoping to...

Civitas Social Housing buys New Walk portfolio - The Board of Civitas Social Housing has announced the purchase of a portfolio of regulated social housing for a total consideration of GBP18.5 million, comprising the freehold interest in 41 properties, with 194 tenancies, in North East England. The portfolio is immediately income generating with an initial net yield in line with the Company's expectations and was sourced off-market by Civitas Housing Advisors Limited, the Company's Investment Manager. Each property is subject to a...

Target Healthcare REIT buys in Leicestershire and Merseyside - it has completed the acquisition of two properties for a total value of GBP16.6 million (including acquisition and forward funding costs): The Amwell in Melton Mowbray, Leicestershire, is an 88 bed home which opened its doors to residents in March 2017.  Situated in a prominent location adjacent to the town centre, the home boasts large bedrooms over four floors and full ensuite bathrooms with wetroom showers.  The home benefits from excellent...

Riverstone Energy investment Sierra Oil & Gas makes major discovery. Sierra Oil & Gas has announced that the Zama 1 well has discovered significant quantities of oil in its primary target formation. Preliminary analysis indicates the presence of a contiguous oil bearing interval of over 1,100 feet (335 meters) gross, with net pay of over 650 feet and no identified oil-water contact. Initial oil in place estimates for this target formation, which could extend into to a neighboring block, range from...

You don’t need me to tell you that last month’s Queen’s Speech was so light on content it’s almost as if the Conservatives are admitting they don’t expect this parliament to last for longer than it takes Theresa May to apply for a new job (wheat farmer, maybe?). One of the few actual specific policies that the Queen was forced to read out by the Commons (what kind of monarchy is this?) was the abolition of lettings fees. Rather than...

QuotedData is publishing a new update note on a company in the Small Media, Communication & IT Companies sector: Herald Investment Trust - Backing growing businesses The Technology sector has been rising strongly in recent months. This note discusses a number of stocks that contributed to a near 40% increase in Herald Investment Trust’s NAV over the year to the end of May 2017. Nevertheless, Herald’s manager is convinced that UK technology companies in particular, which comprise over half the portfolio,...

Phaunos Timber manager resigns - following the loss of the continuation vote, the Manager of Phaunos Timber Fund Limited, Stafford Capital Partners Limited, has informed the Board of Phaunos that it will resign with effect from the Company's General Meeting to be held in August 2017. From that date a six month notice period will commence. Since being appointed as manager of the Company, Stafford has worked with the Board to turn around the company's performance including the sale of...

John Laing Environmental Assets (JLEN) has announced that its placing has raised £40 million through the issue of 38,834,951 new ordinary shares at a price of 103 pence per new ordinary share. JLEN says that the Placing was significantly oversubscribed and applications have been scaled back in accordance with the terms of the placing. The company says that it intends to use the net proceeds of the placing to repay its revolving credit facility and allow it to deliver on...