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20 Jun 2025
The Biotech Bust: A Case Study in Hype, Hubris but now Hope

The biotech bust: a case study in hype, hubris but now hope

The rout in the healthcare sector shows no sign of abating. Even during the recent market weakness, investors haven’t appreciated its defensive qualities, but have instead focused on the potential disruption to US healthcare from an unpredictable new administration. However, contrarian investors may spot opportunities in the gloom. The MSCI World Healthcare index is down […]

20 Jun 2025

Downing Renewables & Infrastructure agrees recommended cash offer from Bagnall

Downing Renewables & Infrastructure Trust (DORE) has announced that its board has agreed terms for a recommended all-cash acquisition by Polar Nimrod Topco Limited (Bidco), a newly formed vehicle wholly owned by Bagnall Energy Limited. The transaction, which will be implemented via a Court-sanctioned scheme of arrangement, values DORE at approximately £174.6m, or 102.6016p per […]

20 Jun 2025

Aquila European Renewables completes Sagres disposal

Aquila European Renewables (AERI) has confirmed the completion of its previously announced Sagres disposal (a hydropower asset in Portugal), with the company receiving €14.7m in sale proceeds. The deal marks a key step in AERI’s managed wind-down process, following the board’s strategic review and shareholder backing for a staged realisation of assets. Looking ahead, the […]

20 Jun 2025

Octopus Renewables adds sixth solar site to Ballymacarney complex

Octopus Renewables Infrastructure Trust (ORIT) has agreed a conditional forward purchase of a sixth solar site at its Ballymacarney complex in Ireland. The new site, named Irishtown, will add 32.6MW of capacity and increase the total output of the complex by 14% to 274MW. The €27m acquisition will be completed following the site’s construction and […]

19 Jun 2025

Great year for Cordiant Digital Infrastructure

Cordiant Digital Infrastructure’s results for the year ended 31 March 2025 are pretty good. The NAV rose from 117.9p (adjusting for the dividend) to 129.6p. That translated into an NAV total return of 11.6%. The share price total return was 43.1%, driven by a substantial narrowing of the discount. The dividend has been upped by […]

19 Jun 2025

Montanaro European shareholders benefit from discount narrowing

Montanaro European Smaller Companies has published results for the year ended 31 March 2025. The NAV return lagged that of the MSCI Europe ex-UK SmallCap Index benchmark, returning -1.1% to the index’x 1.3%. However, discount narrowing (from 13.7% to 8.3%) meant that shareholders got a return of 5.1%. During the year, the company bought back […]