Refine By

Stock Exchange

Market Cap (m)

Analyst

Sector

Type of Publication

apq global

1 - 3 of 3
Sort by: popularity | newest
Page  of 1
APQ Global

Meeting income targets and looking to grow

Update | Financials | 11 Dec 2017

APQ Global is well on track to deliver its targeted 6% yield on its August 2016 IPO price of 100p. The proceeds from the IPO and follow-on CULS issue have initially already been invested in a highly diversified liquid markets portfolio of mainly global emerging market bonds and equities, including a number of strategic positions. APQ continues to work on the sourcing of direct investments. The management team is experienced and incentivised, and supported by an advisory group of international EM experts. It aims to deliver a sustainable, progressive dividend with the potential for capital growth from investments in emerging markets.

APQ Global

CULS issuance and income target achieved

Update | Financials | 29 Jan 2018

Following shareholder approval at the December EGM, APQ has issued an additional GBP 10.3m in 3.5% convertible unsecured loan stocks (CULS) at a 3% premium to par value. The CULS provide long-term structural gearing at a fixed cost, the proceeds of which will be deployed in line with the company’s business and investment strategy. APQ has also changed its reporting currency from sterling to US dollars so as to more closely match its investments. Separately, it has reported an unaudited 31 December net book value per share of US$128.1 and declared a fourth quarterly DPS of 1.5p. Total DPS of 6.0p declared in respect of 2017 matches the target set at IPO and takes the annual US$ NAV total return to 9.9%.

APQ Global

Building an emerging markets business

Initiation | Investment Companies | 07 Aug 2017

Since listing in August 2016 with the issue of GBP 78m in equity, APQ Global has moved quickly but cautiously to deploy the funds. It has initially assembled a highly diversified liquid markets portfolio of predominantly bonds and equities in global emerging markets, including a number of strategic positions, while working on the sourcing of direct investments. APQ is managed by an experienced and incentivised team aiming to deliver a sustainable, progressive dividend with the potential for capital growth from investments in emerging markets.