In QuotedData’s morning briefing 13 August 2024:
- Pleasingly, at yesterday’s AGM, NextEnergy Solar Fund’s (NESF) shareholders overwhelmingly backed the company (94:6) to carry on with its existing objective.
- Syncona’s (SYNC) NAV has slipped again – by 4.9% over the three months ended 30 June. The value of its life science portfolio fell by 8.3% and the main driver of that was Autolus, whose share price fell by about 45% over the quarter.
- In its last set of figures before shareholders vote on its combination with Alliance Trust, Witan (WTAN) reports a small underperformance of its benchmark over the first half of 2024, returning 11.0% to the benchmark’s 11.7%. If Witan were using Alliance Trust’s benchmark (MSCI All Countries World Index), the underperformance would have been 1.5%. The statement puts the blame on the surge in value of large US tech companies in June.
- Digital 9 Infrastructure (DGI9) has appointed a new director – Robert Burrow – with some M&A experience gained as a practising solicitor and former investment banker. He was chief executive of Chelsfield Group, an international real estate business focused on asset management, development and investment in Europe, North America and Asia.
- The manager of VPC Specialty Lending Investments (VSL), which is in wind down mode, has been bought by Janus Henderson. The management team will not change and there will be no impact on the management and operations of the manager and VSL.
We also have: