Prices and Markets

Quarterly investment companies roundup – Second quarter 2017 - Markets were cheered by a decisive win for Macron in France but, in the UK, a hung parliament and an unsteady start to Brexit negotiations were seen as bad news. Generally, stock markets have risen but, at the end of the quarter, some investors started to worry about what would happen when central banks tried to unwind the easy money policies of the past few years. In many places equities look...

QuotedData’s economic round up – July 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. July Economic and Political Roundup Roundup Once again, the worst performing of the MSCI Indices...

HICL buys HS1 channel tunnel link - HICL Infrastructure Company Limited has signed an agreement to acquire a 35 per cent equity interest in the entities that comprise the High Speed 1 Project ("HS1"). HICL is a member of a consortium, alongside funds managed by Equitix Investment Management Limited and third party funds managed by InfraRed, which has agreed to acquire 100 per cent of HS1 from Borealis Infrastructure (on behalf of OMERS Administration Corporation) and Ontario Teachers' Pension Plan...

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...