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|20/10/2016 11:27:51||London Stock Exchange||Results of Open Offer and General Meeting|
|03/10/2016 07:00:08||London Stock Exchange||Open Offer and Notice of General Meeting|
|14/09/2016 17:44:23||London Stock Exchange||Holding(s) in Company|
|09/09/2016 15:53:04||London Stock Exchange||Holding(s) in Company|
|09/09/2016 15:50:19||London Stock Exchange||Holding(s) in Company|
|08/09/2016 08:15:02||London Stock Exchange||Completion of Placing and Directors' Dealings|
|08/09/2016 07:00:07||London Stock Exchange||Proposed Placing and Interim Results|
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Conviction List Q4 2016
05 Oct 16
Since its inception in 2010, the Conviction List has outperformed the market in 13 of 18 periods and a reinvested Conviction List would have returned 255% against a Small Companies index that would have returned 130%. Our Conviction List returned 3.7% over the last quarter; this was set against the benchmark UK Small Companies index that returned 11.3% over the same period. Our Q4 portfolio reflects our outlook for a temporary sweet spot for UK growth during the second half of 2016. The downside risk from the uncertainty of the EU Referendum result has been countered by stimulus from the Bank of England, signs of a looser fiscal stance and an 18% YoY reduction in the Sterling Exchange Rate. Compressed corporate fixed income spreads continue to provide a valuation underpin for global equities.
£70m placing and open offer
21 Oct 16
Hurricane has successfully raised £70m by issuing c.205.9m shares at a price of 34p. The company is also undertaking an open offer at the same price to raise a further £4.4m. The proceeds will be used to fund two exploration wells on Lincoln and Warwick as well as further development activity on the Lancaster field.