In QuotedData’s morning briefing 14 March 2022:
- Mid Wynd (MWY) has posted its half year results for the six months to 31 December 2021, during which time its NAV delivered a return of 10.5% while its share price total return was 11.9%. This compares with a 7.7% return from its benchmark. The board has proposed an interim dividend of 3.50 pence per share which represents an increase of 12% on last year’s interim dividend of 3.10 pence. This comes as the manager made some major changes to the portfolio over the reporting period with a greater weighting in companies with a higher dividend yield. As a result of these changes, the company’s revenue returns have also risen materially. The board notes the 12% increase in the interim dividend should not be seen as indicative of a level of dividend growth that is likely to be sustained.
- Gore Street Energy Storage (GSF) has confirmed Nidec ASI will be the EPC (engineering, procurement, construction) contractor for its storage assets in Ferrymuir (49.9MW) and Stony (79.9MW). The contracts include the EPC agreements and long-term service agreements for maintenance and operation, including availability and energy capacity warranties, as well as stringent performance requirements to be demonstrated by Nidec ASI. The assets are scheduled to be energised in Q4 2022 and both to achieve commercial operations date in February 2023.
We also have full-year results from Literacy Capital and JPMorgan Claverhouse.