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QuotedData’s other news 12 December 2019

In QuotedData’s other news 12 December 2019

  • Polar Capital Technology crept closer to the £2bn mark as its NAV grew by 2% over the six months ended 31 October 2019. The benchmark index was a little stronger over this period (up 4%) as very large tech companies (where PCT is underweight) drove the index higher.
  • Gore Street Energy Storage says it is on track to meet its target of a 7p dividend for the year ended 31 March 2020.
  • Hammerson has completed its sale of Italie Deux (the Parisian shopping asset).
  • Electra results include a planned 31p distribution. The actual performance (an 8% return for the year to 30 September 2019) is buried deep within the announcement and doesn’t quite make up for the -8% return in 2018. The main assets are still TGI Fridays and Hotter Shoes.

We also have another deal by Hipgnosis, another Danish wind farm for Aquila and a profitable exit for Oakley. GCP Infrastructure’s results have been published. We are going to the meeting so more on that later.

 

James Carthew
Written By James Carthew

Head of Investment Company Research

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