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Pin to quick picksWeiss Korea Opp Share News (WKOF)

Share Price Information for Weiss Korea Opp (WKOF)

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Share Price: 172.50
Bid: 169.00
Ask: 176.00
Change: 0.00 (0.00%)
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Open: 173.00
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TRADING UPDATES: BMO Commercial Property annual payout halved

Mon, 12th Apr 2021 21:55

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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BMO Commercial Property Trust Ltd - London-based investment company - Posts net asset value per share at December 31 of 117.5 pence, down 10% from 130.9p a year prior. Total payout for 2020 at 2.85 pence per share, down from 6.0p in 2019. Says its largest holding has been severely impacted but the company "believe[s] Central London will recover and prime West End real estate with strong hospitality linkages such as St Christopher's Place will benefit from both an initial bounce back when restrictions are lifted and from a longer term recover."

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BH Macro Ltd - investment firm - Says it has been approached by Investec Wealth & Investment Ltd to explore potential combination with BH Global Ltd. Says BH Global sees "significant merit in the suggestion that the interests of shareholders in both BHMG and BHGG would be best served by a combination into a larger, single, company".

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ADES International Holding PLC - MENA-focused drilling oil and gas wells company - Says further conditions met for Innovative Energy Holding Ltd cash offer. Offer is now conditional only on the acceptance condition and is intended to remain open until next Tuesday.

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Impax Asset Management Group PLC - investor focused on transition to sustainable economy - Announces subsidiary Impax Asset Management Ltd has entered into a new distribution agreement with Fidante Partners Ltd, who will now be Impax Asset Management's exclusive distribution partner in Australia and New Zealand.

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Murray International Trust PLC - global equities managed by Aberdeen Standard - Annoucnes extension to its long-term borrowings through the issuance of a GBP50 million 1- year senior unsecured loan note at an annualised interest rate of 2.24%. Intends to use the proceeds of the Loan Note to repay, and cancel in full, the Company's GBP50 million revolving credit facility with Royal Bank of Scotland International Ltd's London branch. An additional GBP150 million will also be available for drawdown by the Company for a five-year period.

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Atlas Mara Ltd - investor in banks in sub-Saharan Africa - Continues to engage with ATMA and ABCH creditors towards agreeing and finalising binding legal agreements for a comprehensive debt restructuring. Says it has been informed by ABCH that one of its creditors, Norsad Finance Ltd, has served a petition with the High Court of the Republic of Botswana in Lobatse seeking to place ABCH under provisional liquidation. The amount of outstanding debt related to Norsad is USD10 million plus accrued interest.

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Petro Matad Ltd - AIM-listed Mongolian oil company - Says progress has been made on the two remaining steps of the exploitation licence application that need to be completed prior to submitting the formal request for the Block XX exploitation licence. "We are very pleased to have agreed with [Mineral Resources & Petroleum Authority of Mongolia] the exploitation area which contains the entirety of the Heron and Gazelle structures and the full extent into Block XX of the prolific oil producing Toson Uul basin. We are evaluating the near field potential in the area that could see reserves increase significantly through low cost, high chance of success, exploration drilling conducted in parallel with production and development activities at Heron over the next few years," says Chief Executive Mike Buck.

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Ascent Resources PLC - onshore Caribbean, Hispanic American and European focused energy and natural resources company - Says the pressure at the currently producing PG-11A well in Slovenia has continued to decline naturally and will only be able to be enhanced with mechanical stimulation. Expects gas production to continue at intermittent production rates which will be sold, "whilst economical to do so". Remains engaged with Cuba's national oil company Union Cuba-Petroleo and is in the process of requesting a further extension to its memorandum of understanding to negotiate the production sharing contracts over the Cuban onshore blocks 9A, 9B, 12 and 15, by six months to October 29.

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Love Hemp Group PLC - Croydon-based cannabidiol products maker - Raises GBP7.0 million in oversubscribed broker option granted to Peterhouse Capital Ltd in connection with the placing announced last Thursday. Says the proceeds of the fundraise will be applied towards the company's new global marketing programme.

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Asimilar Group PLC - London-based investment company focused on technology - Notes that Dev Clever Holdings PLC has inked an agreement with Singapore-based immersive learning solutions provider Veative Labs Pte Ltd to acquire Veative Labs Private Ltd, a wholly owned Indian subsidiary of Veative for GBP54.8 million. Asimilar has an interest in 70 million shares in Dev Clever currently representing approximately 12%.

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Octopus Titan VCT PLC - venture capital trust - Appoints Anthony Rockley as an independent non-executive director, effected last Thursday. Rockley has held positions such as the lead audit partner in KPMG's Private Equity Group, "which he was instrumental in establishing".

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Weiss Korea Opportunity Fund Ltd - closed-ended investment company managed by Boston-based Weiss Asset Management - Posts net asset value per share at December 31 of GBP2.49, up from GBP1.56 a year prior. Total net assets increase to GBP203.1 million from GBP127.0 million. Expects to declare an interim dividend on April 28.

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ADM Energy PLC - UK-based natural resources investing company - Announces it has entered into a non-binding collaboration agreement with Eunisell Ltd, the Nigerian-owned oil & gas production solutions company. Under the agreement, ADM and Eunisell will explore collaboration opportunities to carry out development of Barracuda Field in OML 141 and associated work-related activity in Nigeria. A formal agreement will be entered into in advance of any work commencing.

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Amati AIM VCT PLC - UK-based investment firm - Says it intends to launch subscription offer in summer 2021.

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By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
19 Sep 2023 18:36

IN BRIEF: Weiss Korea underperforms benchmark in first half

Weiss Korea Opportunity Fund Ltd - South Korea-focused investor in preference shares - Reports a net asset value of GBP1.72 per share as at June 30, down from GBP1.83 as at December 31. NAV total return is negative 3.4%, underperforming against its benchmark, which has a total return of positive 6.7% over the six month period. Notes persistent high core consumer prices index inflation in South Korea and "significant" household debt. "While year-on-year CPI increases moderated to 2.7% in June 2023 from a high of 6.3% in July 2022, core CPI increases remained in the 4% range in June 2023 from a high of 5% in January 2023," Weiss Korea emphasised. Highlights that it is not a macro fund, with the information offered to help characterise its performance relative to a market in which it is the most active.

Read more
13 Jul 2023 15:58

UK shareholder meetings calendar - next 7 days

Friday 14 July 
Templeton Emerging Markets Investment Trust PLCAGM
Monday 17 July 
All ThingsConsidered Group PLCAGM
Tower Resources PLCAGM
Tuesday 18 July 
Alkemy Capital Investments PLCAGM
Bloomsbury Publishing PLCAGM
CT Property Trust LtdGM re takeover by LondonMetric Property
e-Therapeutics PLCAGM
MobilityOne LtdEGM re Tete planned JV deadline extension
SmartSpace Software PLCAGM
Strategic Minerals PLCAGM
Wynnstay Properties PLCAGM
Wednesday 19 July 
Berkeley Energia LtdAGM
Caledonian Trust PLCAGM
DG Innovate PLCAGM
Experian PLCAGM
HICL Infrastructure PLCAGM
Mind Gym PLCAGM
Sportech PLCGM re share capital restructure
Triple Point Income VCT PLCAGM
Thursday 20 July 
ACG Acquisition Co LtdEGM re acquisition of the Atlantic Nickel
Big Yellow Group PLCAGM
CT UK High Income Trust PLCAGM
Evgen Pharma PLCAGM
FD Technologies PLCAGM
Fuller, Smith & Turner PLCAGM
GB Group PLCAGM
Halma PLCAGM
Intermediate Capital Group PLCAGM
International Distributions Services PLCAGM
Fidelity China Special Situations PLCAGM
Johnson Matthey PLCAGM
Kingspan Group PLCEGM re delisting
Pennon Group PLCAGM
Premier Foods PLCAGM
Premier Miton Group PLCAGM
Qinetiq Group PLCAGM
SSE PLCAGM
TR Property Investment Trust PLCAGM
VP PLCAGM
Weiss Korea Opportunity Fund LtdAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
7 Sep 2021 18:16

TRADING UPDATES: Victoria growth continues; Renew to beat consensus

TRADING UPDATES: Victoria growth continues; Renew to beat consensus

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9 Jun 2021 17:47

TRADING UPDATES: Ted Baker results in line; Gulf Marine raises cash

TRADING UPDATES: Ted Baker results in line; Gulf Marine raises cash

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21 Dec 2020 15:43

UK EXECUTIVE CHANGE SUMMARY: Ferguson Taps Former Ashtead, Bunzl Execs

UK EXECUTIVE CHANGE SUMMARY: Ferguson Taps Former Ashtead, Bunzl Execs

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4 Sep 2020 14:22

IN BRIEF: Weiss Korea Opportunity Outperforms Benchmark In First Half

IN BRIEF: Weiss Korea Opportunity Outperforms Benchmark In First Half

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1 May 2020 11:18

UK EARNINGS SUMMARY: InfraStrata Targets Breakeven At Titanic Shipyard

UK EARNINGS SUMMARY: InfraStrata Targets Breakeven At Titanic Shipyard

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8 Oct 2019 12:57

Asia-Focused Specialist Funds Rise In September - QuotedData

Asia-Focused Specialist Funds Rise In September - QuotedData

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25 Sep 2019 16:14

CORRECT (Sep 9): Weiss Korea Opportunity Beats Benchmark In First Half

CORRECT (Sep 9): Weiss Korea Opportunity Beats Benchmark In First Half

Read more
9 Sep 2019 16:59

Weiss Korea Net Assets Grow In First Half And Return Beats Benchmark

(Alliance News) - Weiss Korea Opportunity Fund Ltd on Monday reported a first half net asset value rise and higher total return than its benchmark index.Net asset value per share on June 30

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10 May 2019 16:00

Weiss Korea Opportunity Sees 3.3% Of Shareholders Realise Holding

LONDON (Alliance News) - Weiss Korea Opportunity Fund Ltd said Friday 3.3% of shareholders have elected to realise their holding in the closed-ended investment firm.Weiss Korea was launched

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18 Apr 2019 11:18

Weiss Korea Opportunity Fund Underperforms On Widening Share Discounts

LONDON (Alliance News) - Weiss Korea Opportunity Fund Ltd on Thursday said it underperformed against its reference index in 2018 due to widening preference share discounts.Wess Korea posted

Read more
20 Mar 2019 14:26

Weiss Korea Opportunity Fund Makes Realisation Offer To Shareholders

LONDON (Alliance News) - Weiss Korea Opportunity Fund Ltd on Wednesday said it is offering shareholders the opportunity to realise their investment in the closed-ended investment Korea was in and

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7 Sep 2018 12:11

Weiss Korea Opportunity Has Disappointing First Half, Outlook Cautious

LONDON (Alliance News) - Weiss Korea Opportunity Fund Ltd said Friday its net asset value per share underperformed against its benchmark in the fist six months of 2018.Weiss Korea's net

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