• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
No Result
View All Result
Home Prices and Markets

Hadrian’s Wall off to slow start

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. […]

Edward Marten by Edward Marten
2017-09-19 08:40
in Prices and Markets
FacebookTwitterLinkedinEmailWhatsapp

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 and cash investment, less expenses and dividends. Over the period the NAV total return per ordinary share was 0.90%. At 30 June 2017, the NAV of the C shares was 97.97p.

On 21 July 2017, they declared a dividend of 1.5 p for the quarter to 30 June 2017. This dividend is in line with the target dividend yield of 6% per annum. The company is focusing on deploying the net proceeds of the C share issue and expects to be fully deployed during the first quarter of 2018.

The £62m worth of transactions that had closed by 30 June had an initial average life of 3.9 years and an average gross yield, or interest rate, to the company of 8.8% before expenses. The gross yields on loans range from 7.5% to 11% per annum.

Returns have been held back by the time it has taken to invest the proceeds of the two share issues. On this, the manager has this to say: “The Investment Adviser is aware that investors seek to have their funds generating a return within a reasonable period of time. On the other hand, one of the greatest risks to an investment strategy is investing too quickly without sufficient time to select appropriate transactions and conduct proper due diligence. The amount of the C Share proceeds, which are targeted to be invested within nine months, strikes a good balance of providing enough time for the Investment Adviser’s selective investment approach while being able to meet shareholders’ expectations.”

HWSL : Hadrian’s Wall off to slow start

RelatedPosts

Has Bitcoin bottomed out?

Five reasons why Bitcoin could be stuck in a temporary rut

Business Mogul Skeptical About Cryptocurrencies, Prefers NFTs

Nornickel’s GPF Rolls Out Instrument to Invest in Metals for Electric Car Industry

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending
Abdollah

‘Rescue us’: Afghan teacher begs UK to help him escape Taliban

CHOMSKY: “If Corbyn had been elected, Britain would be pursuing a much more sane course”

What If We Got Rid Of Prisons?

More from TLE

Trade with India will boost economy by paltry 0.12% – Govt’s own analysis reveals

Australia’s High Court hears appeal from Cardinal George Pell

Country & Western fan forced to take down Confederate flag – over allegations it is racist

‘Sense of inevitability’ after yet another ‘reprehensible’ Tory U-turn

Over half of young Brits are living ‘hand to mouth’

Shocking CCTV shows thug setting sleeping homeless man’s tent on fire in arson attack

Here’s Why a Tablet Won’t Replace The Whiteboard Anytime Soon

Apologetic Sturgeon ‘kicking herself’ for breaking coronavirus rules

PMQs 25th Jan – A fluke nuke and a Trump rebuke  

Moroccan Honey Lamb & Date Tagine with Butternut Couscous

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.