In QuotedData’s morning briefing 1 February 2021 –
- BlackRock Income and Growth (BRIG) reported annual results to 31 October 2020. During the year the company’s NAV per share returned -16.7%. At the share price level, the company returned -14.8% over the period. As at 28 January 2021, since the year-end BRIG’s NAV and share price have increased by 17.1% and 10.2%. In the manager’s outlook section, BRIG note that “UK valuations are extreme and even on an industry-adjusted basis remain at multi-decade lows vs other international markets. We do believe that once the market has certainty, we could see this divergence narrow.”
- FastForward Innovations (FFWD) has invested £250k in South West Brands, a London-based group that is seeking to establish itself as a multi-brand consumer goods group developed specifically for the CBD industry. The investment is by way of a two year, 6%, convertible loan note.
- Martin Currie Global Portfolio (MNP) announced that Neil Gaskell will step down as chair of its board and be succeeded by Gillian Watson as on 1 February 2021. Gillian has acted as a non-executive director for the company since 1 April 2013.
- Impax Environmental Markets (IEM) announced the appointment of Simon Fraser as a non-executive director of the company, with effect from 1 March 2021.
- Myanmar Investments International says that following Myanmar’s military’s detention of Aung San Suu Kyi and the leader of the National League for Democracy, and the declaration of a one-year state of emergency, trading in the company’s shares and warrants were temporarily suspended at its request at 8 am today and will remain suspended until such time there is clarity on the events in Myanmar and their impact on the company.
We also have news of further portfolio growth by Gresham House Energy Storage and an intention to float announcements by Digital 9 Infrastructure and NextEnergy Renewables.