QuotedData’s morning briefing 8 December 2021

In QuotedData’s morning briefing 8 December 2021:

• VH Global Sustainable Energy Opportunities (GSEO) has completed its acquisition of a second 10.9MW solar photovoltaic site located in Queensland, Australia. This acquisition completes the first tranche of this project consisting of two solar PV sites totalling 17MW as previously announced on 2 August 2021. Tranche II of this project will now focus on the construction of battery storage systems which will be built and co-located on both tranche I solar PV sites, allowing them greater optionality to capture positive power price movements and prevent over-exposure to negative power prices.

• BH Macro (BHMG/BHMU) has received (in aggregate) share conversion requests from shareholders for the 30 November 2021 share conversion date of: 185 USD Shares to convert to GBP Shares and 3,814 GBP Shares to convert to USD Shares. Conversions will take place as soon as practicable after the company’s month-end net asset value figures for November 2021 are released. Converting shareholders will be notified upon conversion taking place, which will be no later than 25 business days after 30 November 2021.

• Application is being made by Aberdeen Standard Asia Focus (AAS) to the UK Listing Authority and the London Stock Exchange for a total of 935 new Ordinary shares of 25p each to be admitted to the Official List, and dealings are expected to commence on or around 14 December 2021. The new Ordinary Shares will rank pari passu with the existing Ordinary shares of the company. The listing application has been made following the conversion of £13,764 units of CULS in the period to 30 November 2021.

• Gresham House Strategic (GHS) has posted its interim results for the six months to 30 September. During the period under review its unaudited NAV total return was 24.4% while its total shareholder return was 20.8%. This was ahead of the FTSE All-Share Index and the FTSE Small Cap (ex-ITs) Index total returns of 7.9% and 13.5% respectively. The manager said: ‘The interim reporting period was a tale of two halves for equity markets. Indices coursed higher through the second quarter of 2021 as they further re-calibrated to earnings expectations, valuations and Covid-19 government policy, reflecting the truly unprecedented scale of fiscal stimulus, ease of monetary conditions and how well economies reacted to the crisis. 18 months ago, it would have been remarkable to expect record equity valuations and for the UK to witness, more or less, a full return to normality thanks to the successes of the vaccination programme. Markets entered the third quarter gravitating around three key themes: material GDP growth, ‘transitory’ inflation, and ever-supportive central banks, extending the clear direction of markets and sentiment. The team invested more than 40% of the portfolio during the volatile 2020 and as a result the portfolio benefitted from those tailwinds.’ Following a strategic review, the board agreed to put resolutions to a general meeting of shareholders to place the company into full run-off, returning all capital and to implement certain board changes. Harwood Capital took over the mandate on 11 October.