In QuotedData’s morning briefing 11 January 2024:
- Hipgnosis (SONG) says that Sylvia Coleman has resigned as independent non-executive director with immediate effect. Robert Naylor (the chairman) thanked her for the help she provided to him and and his fellow new board directors over the last few months, and wished her all the best for success in the future.
- Edinburgh Investment Trust (EDIN) confirmed that Imran Sattar will become its portfolio manager on 6 February 2024. It also says that from that date Emily Barnard will be the deputy portfolio manager. Emily is a fund manager on Liontrust’s Global Fundamental team with nine years of investment experience. She joined Liontrust in April 2022 as part of the acquisition of Majedie Asset Management where she was an equity analyst for six years. Prior to joining Majedie in 2016, Emily completed a two year rotational graduate programme at the Wellcome Trust, focusing on equity analysis. Emily holds a Master of Physics degree in Theoretical Physics from Durham University, is a CFA charterholder and holds the CFA Certificate in ESG Investing.
- Barings Emerging EMEA Opportunities (BEMO) says it has received $1,646,167 from its sale of shares in Russian retailer X5. This was reflected in the net asset value announced this morning of 657.19p (up from 645.19p a day earlier). Prior to realising this holding, X5 – like all of BEMO’s other Russian assets – was valued at zero. [I feel like a stuck record, but it makes no sense that BEMO gets no credit for its Russian assets while the old JPMorgan Russian trades on a massive premium. Both situations are wrong, in my view.]