Overview
The Ludgate Environmental Fund invests in a diverse portfolio of cleantech companies for capital growth. The Fund focuses on the following core areas within the cleantech sector: Waste and recycling; Renewable energy; Energy efficiency; Water
Ludgate Environmental Fund invests in cleantech companies that demonstrate the following attributes: Clear environmental improvement; Proven technology with a scalable business model; Revenue generation or clear, near-term visibility to substantial sales; Experienced management with technical expertise and track record of delivery; Defensible, differentiable intellectual property or know-how; Significant potential market with high existing, or expected, growth rates; Clear exit strategy within the anticipated life of the fund.
On 1st September 2014, shareholders approved the recommendation of the Directors to extend the life of the Company to 30th June 2018. They also approved a revised investment policy which states that the policy is to effect the systematic winding down of the activities of the Company and the disposal of its assets in such a way as to seek to achieve the maximum possible value for shareholders.
You can access the company’s website here
Research History
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18 Jan 2018 2 min read
QuotedData – 2017 review of the year
QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside: US markets hit new highs despite three interest rate rises. Perceived low/no growth areas such as Europe and Japan burst into life. Asia’s technology stocks surged. India’s […]
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31 Jan 2017 1 min read
QuotedData – 2016 review of the year
Our review of 2016 includes performance data, significant moves in discounts and premiums, money raised and money handed back, major news stories and links to the research we have published including our guide to investment companies. 2016 Annual roundup
News
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21 Dec 2016 2 min read
Ludgate Environmental receives cash offer from Headway Investment Partners at 16p per share
The board of Ludgate Environmental Fund (Ludgate) and The general partner of Headway Investment Partners III L.P. (Headway) have announce that they have reached agreement regarding the terms of a recommended cash offer to be made by Headway for the entire issued ordinary share capital of Ludgate, which will be effected by means of a […]
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11 Jan 2016 1 min read
Ludgate environmental sells Ignis Biomass for £4m
Ludgate Environmental Fund has announced that it has entered into an agreement to sell the entire issued capital of Ignis Biomass Ltd to Equitix for £4m. Of this, £2.4m is payable on completion of the sale and £1.6m is deferred pending the achievement of certain performance conditions. The company says that additional payments may also […]
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07 Sep 2015 2 min read
Ludgate Environmental NAV hit by EcoPlastics write off
Ludgate Environmental has published results for the year ended 30 June 2015. Its net asset value fell from 66.5p to 60.6p over the period. At an EGM on 1st September 2014 shareholders voted to extend the life of LEF to 30th June 2018 with the expectation that the portfolio would be mostly sold by mid […]
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29 Jan 2015 1 min read
Ludgate Environmental reports NAV fall as it shifts into realisation mode
Ludgate Environmental’s interim results, covering the second half of 2014, show the net asset value falling from 70.7p to 59p. The company is now focused on realising its portfolio over the next couple of years, with the aim of winding up by 30 June 2018. The report says they reorganised their interest in shares of Rapid […]
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08 Dec 2014 1 min read
Ludgate Environmental writes off Eco Plastics stake
Ludgate Environmental has announced that it is writing off its investment in Eco Plastics. they says that there have been recent operational challenges at Eco Plastics and unfavourable market conditions. Unfortunately, this situation has not improved in recent months, and although they have been working with creditors to find a solvent solution, this is no longer […]
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12 Sep 2014 1 min read
Ludgate Environmental NAV falls
LEF : Ludgate Environmental NAV falls Ludgate Environmental’s net asset value fell from 84.2p to 66.5p over the course of the year that ended on 30 June 2014. The company made a distribution of 5p per share in December 2013 which accounts for part of this. The fund’s holding in Terra Nova was written off […]
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11 Feb 2014 1 min read
Ludgate Environmental : LEF – interim results
Ludgate Environmental has released its interim results for the six months to the end of December 2013. Over the period Ludgate’s NAV fell from 82.7p to 70.7p. 5p of the fall is accounted for by a special dividend of 5p paid in December. Much of the rest of the fall, as reported on 17 January, […]
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17 Jan 2014 1 min read
Ludgate Environmental : LEF – cut in NAV
Between the 30 September 2013 and 31 December 2013 LEF’s NAV fell from 85p per share to 70.8p per share. 5p of the fall reflects a distribution that was made to shareholders, the rest is mainly a reduction in the carrying value of ECO Plastics as LEF changed they way they valued and accounted for that […]
