Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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I topped up on 16th but note that the record of the top up neither shows on here under share trades or on London Stock Exchange.
If they did, wner would benefit from hstn proven vastly superior management expertise. Hstn currently bidding for part of Kenmore
hows it going matie? ive been looking into wner, but not finding what i need to know really.. can you help out? why did this not rocket today? i brought in last friday and im delighted with the price i got... my research is leading me to believe that SP wise this is a Sleeping giant many seem to be missing? i can see the potential for the T/o prospect of Ashtenne, even more so now with recent rns... im expecting to see this reach huge upside very soon... am i wrong in thinking that? what will it take to push the sp back to the pounds? can you angle me in the right direction for research as to what and when we can expect an sp growing back towards the highs of two years? is there any immediate news i need to look out for? as always your help is much appreciated.. and ill look forward to any of your responses...
I don't quite understand the position today- the finance seems sorted, the share price goes up by 7% earlt on, the markets are generally up and yet I find the share price is now down 8%. Can anybody explain-is there news that I've missed?
Hansteen will make a move for Warner
Siân Humphrey, Fund Manager at Aviva Investors commented: "We are delighted to have successfully concluded the equity raise and re-financing which provides a stable and defined future for the Fund and also reaffirms the continuing support from our investors." John Heawood, Managing Director of Ashtenne Asset Management, the division of Warner Estate responsible for the asset management of AIF, commented: "The combination of the refinancing and the equity raised have given the Ashtenne Industrial Fund a solid base upon which to build, paving the way for a recovery in value through the next few years. Our unique structure of regional management teams has been hugely effective at retaining income, minimising void and continuing to make sales during the downturn. Today's announcement represents a very significant return on their efforts." 5th October 2009 -ends-
The revised debt facility provides stability to the Fund and a strong platform on which to continue the proactive asset management of the £627m portfolio comprising 330 industrial properties, let to 3,112 tenants, with an annual rent roll of £56 million. It will also reduce the need for further asset sales until values improve. The Fund, which is managed by Aviva Investors and asset managed by Warner Estate, is now closer to concluding its disposal programme, having completed some £52.3million of sales in 29 separate transactions during 2009, at a modest discount of just 3.7% to their collective value in December 2008.
Aviva Investors and Warner Estate, on behalf of the Ashtenne Industrial Fund ("AIF"), have successfully raised £45 million of new equity in order to reduce its senior debt, and refinance its existing facility for a further four years with Royal Bank of Scotland and the Lloyds Banking Group. The new equity, issued in the form of convertible loan stock which will convert to units in the Fund in September 2012 (or earlier at the option of the note holder), was raised entirely from within the Fund's existing investor base and was significantly oversubscribed, demonstrating investor confidence in the future performance of the Fund.
ASHTENNE INDUSTRIAL FUND ANNOUNCES £364 MILLION REFINANCING AND RAISES £45 MILLION OF NEW EQUITY
but note that it did not seem to help the share price. Grainger came up with a re finance today. What is this share waiting for- the same?
Reuters Wed, 30 Sep 08:02 AM BST Hansteen said it had spending power of around 500 million pounds ($797.2 million) following a 195 million pound equity issue in July. REIT conversion will cost around 4.5 million pounds but will exempt the firm from UK corporation tax and tax on the real estate disposals. It said it expected to see "outstanding opportunities" arise from the downturn, naming Warner Estate Holdings (WNER.L) as one such investment prospect. Last month, Hansteen acquired an 18.5 percent strategic stake in the asset manager in exchange for Hansteen shares worth 2.8 million pounds.
sub 40p is top up time
why the share price is 40p when the bid is 40.25 and the ask is 43. surely the s.p is the mid at around 41.4
RNS from the EGM brings now.
from AGM RNS "Constructive discussions with each of the Group's lenders continue and there are no material developments to report." Once we get news of this being sorted I'm sure this will fly - DYR
upgrade on Reuters today
f'in Jeff ask 49p
‘The 90,000 sq ft deal at Fallows Way is particularly pleasing and is testament to the hard work, commitment and determination of the AIF regional team in our Liverpool office. ‘The team continues to be busy, with negotiations at an advanced stage on a further 30,000 sq ft of space in the region. These deals all prove that where there is clear commitment from both parties, positive occupation transactions are still possible.’
The fund, which is fund managed by Aviva Investors, has also secured occupiers for a further 50,000 sq ft at the Speke Hall Industrial Estate. The estate is part of the Space North West portfolio - a North West Development Agency joint venture. Sarah Lindsay, regional director at Warner Estate, said: ‘To have secured at least 140,000 sq ft of industrial lettings in the midst of such challenging market conditions is remarkable.
Warner Estate Holdings has carried out 140,000 sq ft of lettings for its Ashtenne Industrial Fund (AIF). The company has let a 90,000 sq ft industrial shed at Fallows Way in Huyton near Merseyside to an undisclosed occupier on a 10-year lease. It said that the deal was one of the largest and most significant industrial lettings in Merseyside this year
news today http://www.propertyweek.com/story.asp?sectioncode=297&storycode=3148891&c=1
LP 45 - 47p
44 -45p
buying's kicked off
Council Pension Fund looks to double exposure to UK commercial property.