Panmure Funds Team

Thoughts from Charlie and Victoria at Panmure’s Listed Investment Cos Research Team

[Panmure Funds Team @PanmureInvFunds]

$INPP raises £330m in placing

[Panmure Funds Team @PanmureInvFunds]

$RDL takes 4% NAV write down as it provisions for possible losses in its Argon Credit portfolio

[Panmure Funds Team @PanmureInvFunds]

$HICL raises £260m via issue of new shares

[Panmure Funds Team @PanmureInvFunds]

HICL Infrastructure (@HICLinfra, $HICL) considering raising new equity, new shares trading by end of March. Net funding requirement £200m

[Panmure Funds Team @PanmureInvFunds]

Alliance Trust (@Alliance_Trust, $ATST) does deal will Elliot to repurchase shares at a 4.75% discount to NAV in March

[Panmure Funds Team @PanmureInvFunds]

Alliance Trust ($ATST, @Alliance_Trust) releases the names of 8 sub-managers selected by TWT

[Panmure Funds Team @PanmureInvFunds]

Electra Private Equity ($ELTA) tender offer significantly undersubscribed at £92.4m, strike set at 4,650p; above the current share price.

[Panmure Funds Team @PanmureInvFunds]

Alliance Trust ($ATST) buys in a further £66.7m of stock

[Gavin Lumsden @FundFanatic]

@Alliance_Trust splashes £29.3m on 1st buyback in 7 months. Buying & cancelling 4.79m shares which were at 8% discount at yesterday's close.

[Panmure Funds Team @PanmureInvFunds]

$ATST buys in £29m of stock on first day following the strategic review

[Panmure Funds Team @PanmureInvFunds]

$ATST appoints Willis Towers Watson as overall investment manager

[Panmure Funds Team @PanmureInvFunds]

$ATST strategic review. Equity strategy moving to 'best in class' multi manager approach, retains global mandate. GM in January 2017.

[Panmure Funds Team @PanmureInvFunds]

$ATST result of strategic review. Alliance Trust Investment to be sold to Lion Trust for £30m. Alliance Trust Saving to be retained.

[Panmure Funds Team @PanmureInvFunds]

$BC12 sells iNTERTAIN for £39.5m (EV). Fund to return 10.7p per share to $BC12 investors (c33% of the current price)

[Panmure Funds Team @PanmureInvFunds]

$BCAP expects Q1'17 completion for sale of Gardner Aerospace to Shaanxi Ligeance. Completion to enhance NAV by 7.35p to 123.43p.

[Panmure Funds Team @PanmureInvFunds]

$BIST to merge with $AUKT, management contract moves to Aberdeen

[Panmure Gordon @PanmureGordon]

Joe Maidman of @PanmureInvFunds on HICL INFRASTRUCTURE COMPANY 'Slow & steady wins race; focused on low end risk spectrum' HOLD ↑TP $HICL

[Panmure Funds Team @PanmureInvFunds]

$UKW raises £147m in oversubscribed capital raise

[Panmure Funds Team @PanmureInvFunds]

$BCAP enters exclusive talks to sell Gardner Aerospace to Shannxi Ligeance for £326m

[Panmure Funds Team @PanmureInvFunds]

$TRIG considering investments in battery storage and offshore wind