Marble Point Loan Financing (MPLF); invests US$20.6m in Marble Point CLO XVI
The investment is subject to satisfaction of customary closing conditions applicable to the Marble Point CLO XVI transaction.
Marble Point Loan Financing has committed to investing US$20.6m in Marble Point CLO XVI, a new-issue CLO. Marble Point CLO XVI is expected to have a nearly five-year reinvestment period, two-year non-call period and 13-year maturity. Its expected weighted average cost of debt is LIBOR + 210 basis points.
Read more...Angle (AGL); Parsortix system used for neuroendocrine analysis
The Medical University of Vienna (Vienna) has published new results after investigation of neuroendocrine markers on circulating tumor cells (CTCs) harvested by Angle’s Parsortix system.
Read more...Hutchison China Meditech (HCM); international phase I/Ib trial of HMPL-689 initiated
Hutchison China Meditech reported that it has initiated an international phase I/Ib trial of HMPL-689 for patients with relapsed or refractory lymphoma. It is an open-label, two-stage study, including dose escalation and expansion, to investigate the effects of HMPL-689.
Read more...Severfield (SFR); performance in line with management expectations
At the AGM to be held today, John Dodds, the chairman of Severfield, will state that FY 2020 results are expected to be significantly second half weighted, as several ongoing contracts are expected to deliver profits in H2 2020.
Read more...Supermarket Income REIT (SUPR); EPRA NAV per share increases 1.0% to 97p for FY 2019
Supermarket Income REIT announced its consolidated results for the year ended 30 June 2019. EPRA EPS increased 31.6% to 5.0p and total shareholder return stood at 8.0%. Dividends totalled 5.6p per ordinary share and average rental increases were 3.2%, in line with UK RPI inflation. Investment properties were independently valued at £368.2m on 30 June 2019. The company acquired two accretive omnichannel supermarket assets at an aggregate purchase price of £96.7m.
Read more...Finsbury Growth & Income Trust (FGT); issues 100,000 new shares
Finsbury Growth & Income Trust has issued 100,000 new ordinary shares of 25p each in accordance with its placing programme at a price of 943.75p per share. The shares rank pari passu with the existing ordinary shares in issue. The issue price equates to a premium to cum income NAV per share at the time of the transaction of 0.7%. Such a premium includes a placing commission of 0.2%.
Read more...EJF Investments (EJFI); announces its seventh risk retention investment
EJF Investments has committed to make its seventh risk retention investment in the preferred shares of an upcoming securitisation sponsored by EJF Capital (EJF). The securitization was priced on 28 August 2019. Relating to the pricing, the company committed to invest about £11m at closing, which is expected to occur in September 2019, subject to completion of certain customary conditions.
Read more...Hansa Investment Company (HAN); announces admission of shares
The ordinary shares will trade under the ticker 'HAN' and the 'A' ordinary shares will trade under the ticker 'HANA'
Hansa Investment Company announced that 40,000,000 ordinary shares of one pence each have been admitted to listing on the premium segment of the Official List. Also, 80,000,000 ‘A’ ordinary shares of one pence each have been admitted to listing on the standard segment of the Official List, and in respect of each class, have been admitted to trading on the Main Market of the London Stock Exchange (admission).
Read more...EMIS Group (EMIS); results in line with the Board’s expectations
As for EMIS's Enterprise division, it grew 14% to £29.5m with adjusted operating profit at £8.1m
EMIS Group announced its unaudited results for the six months ended 30 June 2019. Revenue grew 7% to £79.8m. Recurring revenue grew 1% to £60.2m, representing 76% of the group’s total revenue. Adjusted operating profit was £18.2m, with revenue growth partly offset by investment in development costs for the new EMIS-X software platform.
Read more...Ross Group (RGP); report loss after tax of £3,151,000 for H1 2019
All of the presently enlarged company’s overhead and cash flow are to be fully financed for at least the first 18 months
Ross Group announced its half-year report for the six months ended 30 June 2019. Group revenue and gross profit decreased by 100% each. Basic EPS decreased 4,718% to -28.1p. The company did not propose an ordinary interim dividend after considering the result for H1 2019 and the existing deficiency of retained reserves.
Read more...