A
Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Shares in a little-known company, Gamestop, more than doubled to $319 as Reddit users encouraged each other to buy the stock. It has now rocketed more than 1300 per cent in a month.
Thu, 14th Jan 2021 19:15
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
DWF Group PLC - Manchester-based law firm - Sets up new internal operating structure, effective from May 1. Streamlines into three global units: Legal Advisory; Mindcrest; and Connected Services. Moves from current 4 divisions: Commercial Services; Insurance Services; International; and Connected Services. Together, the three divisions will support DWF s single Integrated Legal Management approach through which the group can seamlessly combine any number of these services to deliver bespoke solutions to its clients with greater efficiency, price certainty and transparency. This approach enables DWF to offer clients solutions that combine traditional law firm services with new, modern legal and business services relevant to today s companies and the challenges and opportunities they face, company adds.
Former Woodford trust reveals last minute extension on £100m of debt
Schroder UK Public Private has now climbed 20% this week on its second bout of good news
Neil Woodford’s former investment trust, which is now the Schroder UK Public Private Trust, has revealed a last minute extension on £107.3m worth of debt that was due to expire tomorrow.
Debt has been a sticky subject for the trust since Northern Trust introduced tighter lending requirements in the aftermath of the Woodford Equity Income fund suspension in June 2019, including that Woodford (pictured) had to seek permission before making any investment.
But in an update to markets issued on Thursday, Schroder UK Public Private announced it had extended the credit facility for a 24 month term to 30 January 2023. If the extension had not been granted, a fire sale of portfolio assets would have been triggered.
Neil Woodford stock slashed 70% hitting fund and trust investors
Schroder UK Public Private Trust reckons the cash exit of unnamed investors means fundamentals not reflected in valuation
The valuation of a Neil Woodford stock has been slashed 70% in a venture capital deal hitting investors in the fallen star fund manager’s former flagship fund and investment trust.
A regulatory filing from the Schroder UK Public Private trust, previously the Woodford Patient Capital Trust, revealed its next valuation for net asset value at the year’s end will see the value of Ombu downgraded 71%, from £14m at the start of the quarter to £4m.