Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Fairfax Financial Limited Discloses 10% of Apr Energy PLC (APR)’s Voting Rights; Weiss Asset Management Ups Stake in CQS DIVERSIFIED FUND LIMITED ORD NPV £ (CQS)

In a recent filing, Prem Watsa‘s Canada-based hedge fund, Fairfax Financial Limited, reported holding indirectly around 9.9 million voting rights in Apr Energy PLC (LON:APR). The stake represents some 10.5% of the company’s total voting rights. While Fairfax directly doesn’t hold any shares, the shares covering the voting rights comprising the stake are held by United States Fire Insurance Company, Odyssey Reinsurance Company, Zenith Insurance Company, and RiverStone Insurance (UK) Limited, among others. Previously Fairfax held some 9.22 million shares of Apr Energy.

Prem Watsa

Apr Energy PLC (LON:APR) is listed on the London Stock Exchange and is a company engaged in providing fast-track energy solutions. The company provides turnkey power plants that help its customers to temporarily solve energy problems. Recently, the company has announced that it set up an 10 megawatt power generation plant in Myanmar, that will be able to provide electricity to over six million people. Taking into account that Myanmar, also known as Burma, has only recently emerged from a civil war and the world powers have lifted their sanctions only last year, the country is only know begining to be targeted by western investors. In addition, the country is rich in oil, gas and other minerals, and is considered a very fast growing economy. In this way, Apr Energy PLC (LON:APR)’s substantial investment in the country is not only a good opportunity for the company, but will also contribute to the economic development on Myanmar, which makes Apr Energy PLC (LON:APR) a good investment opportunity.

In addition, in August Apr Energy PLC (LON:APR) signed a contract with Australia-based Horizon Power for the delivery of a peaking power plant in the country that will run on natural gas.

In another filing, Andrew Weiss‘ Weiss Asset Management revealed upping the stake in another LSE-listed company, CQS DIVERSIFIED FUND LIMITED ORD NPV £ (LON:CQS). The stake has been increased to 16.04 million shares, from around 13.29 million shares held previously. Following the increase, Weiss holds 17.41% of CQS DIVERSIFIED FUND LIMITED ORD NPV £ (LON:CQS)’s voting rights.

Disclosure: none

Add this code at the bottom of your articles:
Warren Buffett and BillionairesFree Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks

Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!