In QuotedData’s morning briefing 13 February 2023:
- Aquila Energy Efficiency (AEET) is holding a continuation vote on 28 February. A meeting has been convened for that date. [The continuation vote was brought forward from 2025. The shares are trading on a 32% discount (this has been widening again in recent weeks) and the trust is sub-scale. We recommend that shareholders vote against continuation. The board says the opposite.]
- BH Macro has raised £315m from its offer of shares. It will issue 72,378,000 US dollar shares (BHMU) at $4.47 and 746,400 sterling shares (BHMG) at 431.5p. A total of 56,078,187 sterling shares and 604,881 dollar shares will be issued for the placing (to professional investors), 1,012,060 sterling shares for the intermediaries offer and 15,287,753 sterling shares and 141,519 dollar shares for the offer for subscription. Trading starts 15 February. [This is an impressive result, dwarfing the £100m raised by 3i Infrastructure last week. BH Macro has been making money from volatile markets, as long as these continue – and we think that they might – the fund should do well.]
- Supermarket Income REIT (SUPR) has had its investment grade credit rating of ‘BBB+’ with a stable outlook reaffirmed by Fitch Ratings.
We also have news of a strategic review from abrdn UK Smaller Companies Income and news of International Biotechnology’s manager quitting