In QuotedData’s morning briefing 10 March 2021 –
- EP Global Opportunities (EPG) reported annual results to 31 December 2020, delivering a total NAV return of -1.3% and a total share price return of -5.6%. EPG has adopted a cautious stance on its investment outlook, with a defensively positioned equity portfolio. At the year-end, 13% of net assets held were held in cash and 9% in US Treasury inflation-protected bonds.
- Hipgnosis Songs (SONG) is hosting an online workshop on 16 March, which will provide an introduction of alternative performance measures as well as an insight into the company’s song management and revenue maximisation strategy. Click here to access the RNS announcement for more information.
- FastForward Innovations (FFWD) expects to record a profit of approximately £1.9m after a conditional agreement was reached between EMMAC Life Sciences (an FFWD investee company) and Curaleaf for the purchase of EMMAC Life Sciences by Curaleaf. FFWD’s expected profit would represent a 62.2% increase compared to the September 2020 carrying value of the equity and cost price of the convertible loan note, and an overall return of 1.86 times the original investment in EMMAC Life Sciences.
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Aberdeen Standard European Logistics Income (ASLI) is seeking to raise additional equity capital through the issue of new ordinary shares in the capital. The company intends to issue up to 18.45 million new ordinary shares, representing the total remaining authority granted by shareholders at the Annual General Meeting of the company held on 30 June 2020. The shares are not being offered at a fixed price, but will be agreed between Investec and the company following close of the book-build at noon on Friday 12 March 2021. The price will be in excess of the company’s latest net asset value per ordinary share of 120.1 Euro cents (103.0p). ASLI is providing private investors with an opportunity to participate in the issue, via PrimaryBid. The company said it has an attractive pipeline of investment opportunities and will shortly complete the acquisition of a recently constructed 31,500 square metre warehouse in Poland, for around €28m, bringing its portfolio valuation to over €450m.
We also have annual results from F&C, ScotGems and Tritax Big Box, as well as growth plans from Chrysalis. We have also included investment announcements made by RTW Venture Fund yesterday afternoon.