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QuotedData’s morning briefing 17 June 2021

In QuotedData’s morning briefing 17 June 2021 –

  • Augmentum Fintech (AUGM) will look to raise £40m as part of an ongoing share issuance programme. AUGM says it has a pipeline of over £1bn across all of its target sectors and geographies, including approximately £194m of opportunities in active development, and as such is well-positioned to continue to grow the portfolio.
  • River and Mercantile UK Micro Cap (RMMC) reported interim results to 31 March 2021, delivering a total NAV return of 39.3%. In comparison, its Numis Smaller Companies plus AIM (excluding Investment Companies) index benchmark returned 33.5%. In his outlook section, manager, George Ensor, noted that “whilst we have seen a rapid recovery in both prospects for economic growth and equity valuations, UK equities remain unpopular.”  He added that “we are going to see inflation return in the short term and central banks have been clear that they will be slow to react to this. This creates a compelling case for higher medium-term inflation, but many of the influences that have depressed inflation over the previous cycle (demographics, technology and debt to name three) remain.”
  • Sirius Real Estate (SRE), the owner and operator of German business parks, has priced an additional  €50m of corporate bonds to be consolidated and form a single series with the €350m, 1.125%, five-year bonds issued yesterday. The aggregate €400m raised will be used in part to refinance certain existing secured debt facilities, with the remainder to be deployed towards the significant pipeline of potential acquisitions, as well as general corporate purposes.

We also have annual results from Lindsell Train, SynconaMomentum Multi-Asset Value, and NextEnergy Solar.

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