Register Log-in Investor Type

News

QuotedData’s morning briefing 4 June 2020

In QuotedData’s morning briefing 4 June 2020:

  • Securities Trust of Scotland served notice on Martin Currie after it found out that Mark Whitehead (the portfolio manager) had resigned from Martin Currie – he leaves on 1 December 2020. “The board will be undertaking a review of its management arrangements, which process will include Martin Currie, and will update shareholders in due course.”
  • BlackRock Smaller Companies results delayed by unspecified historic technical issue relating to its Articles of Association. Expect results around 30 June but, in the meantime, returns for the year ended 29 February were good – NAV return of 11.7% versus -1.4% for the benchmark and dividends this year of 32.5p, up 4.2%.
  • M&G Credit Income has raised £14.3m by placing 14,745,770 new shares with professional investors at 97p per share.
  • Energiser Investments is re-imagining itself as a European technology fund (currently it holds a stake in KCR REIT). Shareholders need to approve this. The board has changed already and a £650,000 placing is underway. £150k of this is coming from Andrew Forrest, the proposed CEO and the founder of Billam PLC which subsequently became Energiser.
  • Civitas Social Housing made it into the 250 Index in the latest rebalancing of indices.

We also have results from Shires Income, RDL Realisation, Fidelity China, Worldwide Healthcare, Biotech Growth and a new NAV from Helical.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.

You live in…

You are a…