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QuotedData’s morning briefing 14 December 2020

QuotedData's morning briefing

In QuotedData’s morning briefing 14 December 2020:

  • Gore Street Energy Storage Fund has announced that it has raised gross proceeds of £60 million by way of an Initial Placing, Offer for Subscription and Intermediaries Offer. The fundraising was significantly oversubscribed and so a scaling back exercise has been undertaken. The net proceeds of the Issue will be used to acquire new projects in the Company’s pipeline and/or to fund capital expenditure requirements of investments in Gore Street’s existing portfolio. The Investment Manager has identified a pipeline of investments with a total project size of approximately 1.3GW.
  • Miton UK MicroCap Trust has announced its interim results for the half-year ended 31 October 2020. During the period, its net asset value (NAV) rose from 49.00p to 71.60p in June 2018, an increase of 21.6p. To give this some context, in the height of the pandemic-related market crash, the trust’s NAV hit a low of 37.2p on 18 March 2020. The Ordinary share price moved from 43.55p at the end of April 2020 to 57.00p at the end of October 2020, an increase of 31.7%.

We also have Home REIT’s acquisition of a further 12 property portfolios and its debt facility; Irish Residential Properties REIT’s acquisition of 146 units at The Phoenix Park racecourse in Dublin; and Schroder Asia Pacific’s annual results (it beat its benchmark by a significant margin and secured a fee cut).

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