News for Spread Betters

Previous

Next

There's a new Investor Edition of CMC Markets' spread betting platform... and it's exclusive to DigitalLook.com users...

Get full details about Marketmaker:Investor Edition here.

News for Spread Betters

Previous

Next

There's a new Investor Edition of CMC Markets' spread betting platform... and it's exclusive to DigitalLook.com users...

Get full details about Marketmaker:Investor Edition here.

Unsecured Loans

Previous

Next

Lighten the load of all those repayments with a low rate unsecured loan. This month's selected offers:

1. Barclays Loans
2. Halifax Loans

AMEX Platinum

Previous

Next

Money back on your spendings? With American Express Platinum MoneyBack card, you can get

• 5% Money Back* during your first 3 months, then
• standard Money Back rate up to 1.5% with
• typical APR 18.9% variable

Why look further? Apply now!

Digital Look's Best Picks

Previous

Next

Your money can work for you! Get it going with one of this month’s high interest current accounts:

1. A&L Premier Direct
2. Coventry First Account
3. Co-operative Current Plus

Date: Friday 13 Jun 2008

LONDON (ShareCast) - Another Indian company started trading on AIM this week. The float valued KSK Emerging India Energy Fund, an investment company focused on the power and energy sector, at £101m.

“We are delighted with the market's response to our strategy and the $200m raised represents the largest fundraising on AIM this year. We are now well placed to launch the fund, deploy this capital quickly and grow our fund management business,” said non-executive director Tanmay Das.

“Our investment pipeline continues to develop and we are confident of exposing the fund to a number of the future success stories in the sector, generating significant returns for shareholders along the way,” Das added.

Real estate developer Weis Development Corporation plans to list on AIM in July, offering potential shareholders a chance to take advantage of the current distress in the US housing market.

The US group said it will buy financially distressed residential real estate projects, some of which are at discounts of as much as 70% to book value, for repositioning and development once the market returns to normality.

Weis, which is aiming to raise $151m, said that its two executive directors and founders, Adam Weis and Andrew Adler, will invest $5m of their own money in the exercise.

“Several significant factors have aligned to make this the correct time to pursue our business strategy and become a public company on the AIM market. The economic and demographic indicators suggest now is the time to invest in US distressed assets, in the specific real estate sub-markets we have identified,” said chief executive Adam Weis.

“The AIM market will provide the ready-capital most appropriate for the US distressed real estate market. Finally, given our cycle experience in distressed real estate acquisition and development, we believe that now is the right time and we have the necessary expertise to take advantage of current market opportunities and achieve our goals,” he added.

Marwyn Materials, a vehicle established to acquire controlling interests in building materials businesses, raised £13.6m when it floated on AIM.

The group placed 136m shares at a price of 10p. Marwyn Materials said the net proceeds of the subscription will be used to meet general working capital requirements and to provide funds for the acquisition of minority stakes in UK and international quoted companies.

• News Channel