Edison Investment Research

Murray Income Trust (MUT); NAV per ordinary share at 948.4p

Murray Income Trust announced its results for the six months ended 31 December 2019. The company’s NAV per share increased 9.0% in total return terms, outperforming the FTSE All-Share Index return of 5.5%. The share price total return per ordinary share was 7.7%, with the discount widening slightly from 4.3% to 5.5%. The company paid a final dividend of 10.0p per share on 8 November 2019.

ReNeuron Group (RENE): announces publication of positive Phase 2a data

ReNeuron Group announced the publication in a peer-reviewed journal of positive clinical data from the PISCES II Phase 2a clinical trial of its CTX stem cell therapy candidate for disability resulting from stroke.

Nanoco Group (NANO): initiates patent infringement lawsuit

Nanoco Group announced that it has filed a patent infringement lawsuit against defendants, namely, Samsung Electronics, Samsung Display, Samsung Advanced Institute of Technology, Samsung Electronics Co. Ltd., Visual Display and Samsung Electronics America.

Northgate (NTG); announces SRA approval for recommended all-share merger

Northgate announced that the SRA has given the requisite approval for the recommended all-share merger of Northgate and Redde to proceed, thereby satisfying all of the conditions to the merger relating to regulatory approvals.

Witan Investment Trust (WTAN); declares fourth interim dividend

Witan Investment Trust announced a fourth interim dividend of 1.825p per ordinary share of 5p, in respect of the year ended 31 December 2019. The dividend will be paid on Friday, 3 April 2020, to shareholders registered at the close of business on Friday, 28 February 2020.

Primary Health Properties (PHP); adjusted EPRA EPS increases 5.8%

Primary Health Properties announced its audited preliminary results for the year ended 31 December 2019. The company’s net rental income rose 51.4% to £115.7m. Adjusted EPRA NAV per share increased 2.7% to 107.9p, while IFRS loss for the year stood at £71.3m. Dividend per share increased 3.7% to 5.6p.

Walker Greenbank (WGB); group sales likely to be around £111.0m

Implementation of Group’s strategy as set out in the company’s interim results in October 2019 is advancing well.

For the year ending 31 January 2020, Walker Greenbank reported that group sales are likely to decline 2.0% YoY to around £111.0m. The company’s high-margin licensing business performed well during the year, with core licensing income growing 13.9% to £3.5m—ahead of historical levels.

PowerHouse Energy Group (PHE); announces supplemental agreement with Peel Environmental

PowerHouse Energy Group has entered into a supplemental collaboration agreement with Peel Environmental (part of Peel L&P), which aims to accelerate the development of the Protos Energy Park and four further DMG sites in the UK.

CVC Credit Partners (CCPG); raises €100,630.00

CVC Credit Partners European Opportunities announced the sale of ordinary euro shares out of treasury. The sale raised gross proceeds of €100,630.00 through the sale of 100,000 ordinary euro shares at a price of €1.0063 per share.

Palace Capital (PCA); sets record office rent in York

Palace Capital has set a record office rent in York City with the completion of a pre-let agreement with solicitors firm Knights LLP, part of Knights plc, at its flagship Hudson Quarter mixed-use development. It marks the first commercial agreement at Hudson Quarter, which is due to complete in Q1 2021.