Prices and Markets

Aberdeen Emerging Markets - Access to a wealth of talent 170928 AEMC Initiation QD Aberdeen Emerging Markets (AEMC) is designed for investors who want exposure to, what the managers are convinced is, the compelling investment opportunity that emerging markets provide. Its managers believe that they have built a portfolio of funds, managed by best-of-breed and, often, hard to access managers, and say that its portfolio is much more diverse than those of competing funds.AEMC’s managers say that its investment proposition...

Syncona backs Autolus fund raise - Syncona has announced that its portfolio company, Autolus, has completed a US$80 million Series C funding round. Autolus is a clinical-stage biopharmaceutical company focused on the development and commercialisation of next-generation engineered CAR-T cell therapies for the treatment of cancer. Syncona was the single largest investor in the $80 million investment round, contributing $29.2 million (GBP21.7 million). Syncona also acquired additional shares worth GBP6.5 million from an existing shareholder.  As part of the round,...

Warehouse REIT buys four industrial estates from Hansteen - Warehouse REIT says that, following its admission to AIM on Wednesday 20 September 2017, the board has announced its first pipeline acquisitions, which follows the initial Tilstone Portfolio purchase for GBP108.85 million. The pipeline assets described in the prospectus included four multi-let industrial estates in England which were at an advanced stage of negotiations.  Contracts have now been exchanged with Hansteen Holdings plc to acquire these assets for a total consideration of...

Hadrian's Wall off to slow start - Hadrian's Wall Secured Investments has published its first set of accounts for the period ended 30 June 2017. Its shares started trading on the London Stock Exchange on 20 June 2016 following an IPO that raised a net £78.4m. In addition, a C share issue on 31 May 2017 raised a further £44.3m. At 30 June 2017, the NAV of an ordinary share was 97.69p. This reflects the initial net proceeds at the IPO, plus interest earned on loans...

Custodian REIT sells three properties - Custodian REIT has announced the disposal of three properties from its portfolio. Colchester The Company has sold an 8,326 sq ft retail unit within a six unit block on High Street, Colchester for GBP4.25 million, GBP0.7 million ahead of the 30 June 2017 valuation.  The unit was recently let to and refurbished by Metro Bank plc on a lease expiring in 2041 and its sale crystallises the value created by agreeing the new lease. Redcar...

GCP Student Living says returns on target - GCP Student Living has published results for the year ended 30 June 2017. The highlights are: Total revenue for the year of £28.6 million. Annualised shareholder returns since IPO of 14.2%, in excess of the target return of 8-10%. Successfully raised £103.6 million through two oversubscribed placings of ordinary shares. Dividends of 5.75 pence per ordinary share for the period in line with target and up 1.6% on the previous year. EPRA...

QuotedData’s economic round up – September 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the companies mentioned. Kindly sponsored by Martin Currie. September Economic and Political Roundup Roundup As tension rose on the Korean peninsula, gold rallied...

Blue Capital Alternative statement on Irma - "On 10 September 2017, Hurricane Irma made initial U.S. landfall near the Florida Keys, Florida as a major hurricane followed by substantial rainfall and flooding.   The Investment Manager has now commenced its normal post-event procedures to estimate any loss to the Company from Hurricane Irma. The Investment Manager's loss estimates will be largely derived from the utilization of proprietary catastrophe modeling, standard industry models, an in-depth review of in-force contracts or initial indications...

QuotedData is publishing a new update note on a company in the Flexible Investment sector. Seneca Global Income & Growth - Steady reduction in equity exposure Over the past year, Seneca Global Income & Growth (SIGT) has delivered returns well in excess of its new benchmark (see page 2), further enhancing its strong track record. SIGT’s manager believes we may be due to enter a bear market in 2019, ahead of a slowing global economy in 2020. Given this, it...