Full Year Results and Notice of AGM
Globenewswire· 2025-12-19 07:00
Core Viewpoint - Hargreave Hale AIM VCT plc reported its financial results for the year ending September 30, 2025, highlighting a marginal loss in NAV and share price total returns, while also announcing a proposed final dividend and a special dividend for shareholders [2][5][22]. Financial Highlights - The net asset value (NAV) per share decreased to 36.46 pence from 40.55 pence, resulting in a NAV total return of -0.22% for the year [6][16]. - The market capitalization fell from £142.34 million to £127.41 million, with the share price dropping from 39.00 pence to 34.40 pence, reflecting a share price total return of -1.54% [6][18]. - Dividends paid per share remained constant at 4.00 pence, with a final dividend of 1 penny proposed and a special dividend of 2 pence approved by the Board [5][21][22]. Investment Activity - The Company invested £4.8 million in seven qualifying companies during the year, with 98.98% of its VCT tax value invested in qualifying investments as of September 30, 2025 [7][19]. - The fair value of qualifying investments was reported at £73.0 million, representing 54.1% of NAV, while non-qualifying investments included £8.4 million in equities and £21.1 million in short-dated investment-grade corporate bonds [19]. Market Context - The Investment Association reported sustained outflows from UK equities for four consecutive years, with fiscal policy changes negatively impacting sectors like leisure and hospitality [9]. - The London Stock Exchange experienced a thirty-year low for initial public offerings, prompting the Company to become more active in private capital markets [11]. Performance Overview - The Company reported a marginal loss across the year, but noted a positive return of +9.36% in the second half of the financial year, marking the first period of improved performance after four years of decline [13]. - The earnings per share total return was a loss of -0.14 pence, with revenue income decreasing by 14% to £2.5 million due to reduced allocations to high-yielding non-qualifying equity investments [17]. Shareholder Engagement - The Company is committed to maintaining shareholder engagement, providing updates and opportunities for interaction through its website and planned events [50][55]. - Shareholders are encouraged to participate in the upcoming AGM scheduled for February 5, 2026, where key resolutions will be proposed [49]. Future Outlook - The Company anticipates a positive impact from upcoming legislative changes that will increase thresholds for VCT capital deployment, although concerns remain regarding reduced income tax relief for investors [69][70]. - The Investment Manager reported an improvement in deal flow post-period end, with £2.9 million invested across two qualifying investments [71].
Caledonia Mining Corporation Plc: Zimbabwe government amends proposed changes to the royalty and tax regimes
Globenewswire· 2025-12-19 07:00
ST HELIER, Jersey, Dec. 19, 2025 (GLOBE NEWSWIRE) -- On December 1, 2025 Caledonia Mining Corporation Plc (“Caledonia” or “the Company”) (NYSE AMERICAN, AIM and VFEX: CMCL) issued an announcement regarding proposed changes to the royalty and tax regimes, as they apply to gold miners, in the Republic of Zimbabwe’s 2026 National Budget. The proposed changes related inter alia to royalties and tax deductibility of capital expenditure. Caledonia notes that, on December 17, 2025, the Zimbabwe Minister of Finance ...
Bekaert: Transparency Law
Globenewswire· 2025-12-19 07:00
Transparency LawDisclosure in accordance with the Law of 2 May 2007 Pursuant to Articles 15 §1 and 18 §1 of the Law of 2 May 2007 on the disclosure of major holdings in issuers whose shares are admitted to trading on a regulated market, NV Bekaert SA (“Bekaert”) publishes the following information: Status as of 15 December 2025 Basic data Total capital: € 159 782 000.00 Total number of securities conferring voting rights: 51 315 868 shares Total number of voting rights (the denominator): 51 315 868 (one vot ...
Don’t Bet Against AppLovin: The Case Against the Shorts
Investing· 2025-12-19 06:58
Market Analysis by covering: Applovin Corp. Read 's Market Analysis on Investing.com ...
Hepsor and Tolaram continue their cooperation in the Manufaktuuri quarter
Globenewswire· 2025-12-19 06:50
Core Viewpoint - Hepsor AS and AS Phoenix Land have established a joint venture to develop the next phase of the Manufaktuuri quarter in Tallinn, focusing on residential and commercial real estate development [1][2][4]. Group 1: Joint Venture Details - The new joint venture, Hepsor PHX5 OÜ, is equally owned by Hepsor AS and AS Phoenix Land, with a non-monetary contribution of EUR 5.8 million from AS Phoenix Land [2]. - The joint venture will initiate the development of the property located at Manufaktuuri 3, which has a valid detailed plan [3]. Group 2: Development Plans - An architectural competition is planned to determine the best design solution for the high-rise building, which can be up to 60 storeys tall [3]. - The Manufaktuuri quarter is expected to include approximately 1,100 homes and commercial premises in the future [6]. Group 3: Previous Developments - This project marks the fifth development in the Manufaktuuri quarter, with previous projects having completed 421 homes, 97% of which have been sold [5]. - Ongoing projects include the first phase of the Manufaktuuri Vabrik project, which will add 152 new homes, and the M12 development project, which will complete 49 new homes [5]. Group 4: Company Background - Hepsor AS is a developer of residential and commercial real estate operating in Estonia, Latvia, and Canada, with a portfolio of 25 development projects totaling 178,200 m² [6]. - The company has created 2,003 homes and nearly 44,787 m² of commercial space over fourteen years, implementing innovative engineering solutions for energy efficiency [6].
Why Did Linkhome Holdings (LHAI) Stock Jump 21% After Hours? - Linkhome Holdings (NASDAQ:LHAI), News (NASDAQ:NWSA)
Benzinga· 2025-12-19 06:48
Inspire Linkhome Holdings Inc. (NASDAQ:LHAI) shares surged 21.54% in after-hours trading on Thursday, reaching $13.60.Check out the current price of LHAI stock here.According to the Benzinga Pro data, he stock closed the regular session up 20.45% at $11.19.Move Partnership Enables AI IntegrationThe rally followed Linkhome Holdings‘ announcement of a strategic partnership with Move Inc., a News Corp (NASDAQ:NWSA) subsidiary.Linkhome will gain access to nationwide Multiple Listing Service data across all 50 ...
Japan's MUFG to invest $4.4 billion for 20% stake in Shriram Finance
MINT· 2025-12-19 06:47
MUMBAI: Mitsubishi UFJ Financial Group (MUFG) is set to invest ₹39,618 crore ($4.4 billion) for a 20% stake in Shriram Finance Ltd, marking one of the largest cross-border transactions this year and adding to the growing pipeline of deals in the India-Japan corridor.The investment will be made through a preferential issuance of equity shares, Shriram Finance (SFL) said in a filing with the stock exchanges on Friday.The fund infusion will enhance SFL’s capital adequacy, strengthen its balance sheet, and prov ...
Robinhood: Will Prediction Markets Drive Stock Higher?
Investing· 2025-12-19 06:37
The online brokerage is adding parlay-like opportunities to its prediction market platform. Since online brokerage Robinhood (NASDAQ:HOOD) launched its prediction market platform just before the 2024 presidential election, the service has taken off. It has become Robinhood's fastest-growing product line in roughly one year. In the third quarter, the prediction market generated $100 million in revenue, which is about 8% of the $1.27 billion in total revenue the company made. It helped the company achieve rec ...
Japan's MUFG to buy 20% stake in India's Shriram Finance for $4.4 billion
Reuters· 2025-12-19 06:36
Core Insights - Japan's MUFG is acquiring a 20% stake in Shriram Finance for $4.4 billion, representing the largest cross-border investment in India's financial sector [1] Company Summary - MUFG's investment in Shriram Finance highlights the growing interest of foreign investors in India's financial market [1] - Shriram Finance is a prominent non-bank lender in India, indicating its significant role in the country's financial landscape [1] Industry Summary - This investment marks a pivotal moment for cross-border investments in the Indian financial sector, potentially encouraging more foreign capital inflow [1] - The transaction underscores the increasing globalization of financial services and the strategic importance of emerging markets like India [1]
Tesla Door Safety Issues Have Owners Buying Car Escape Tools
Insurance Journal· 2025-12-19 06:33
Erin Geter’s toddler son became trapped inside her Tesla in May when the electric doors lost power. A few weeks later, she was at a Honda dealership buying a new family car.“I was very traumatized,” said the 39-year-old from Huntersville, North Carolina. These days, she prefers to transport her kids in the CR-V, which has standard door handles. Geter’s case is a particularly extreme example of the lengths Tesla owners are now going to deal with a problem most had never imagined: being unable to open malfunc ...