In QuotedData’s morning briefing 20 February 2025:
- Jupiter Green (JGC) has updated the timetable for its proposed reconstruction. The last day of dealings in its shares will be 4 March 2025.
- Diverse Income (DIVI) says that Gervais Williams and Claire Long will update investors via a live presentation on 6 March 2025 at 11am. The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event up until 9am on 5 March 2025, or at any time during the live presentation. Investors can sign up for free via: https://www.investormeetcompany.com/diverse-income-trust-the-plc/register-investor.
- NextEnergy Solar (NESF) says its NAV at end of December was 97.4p, marginally lower than the 97.8p recorded at 30 September 2024. Gearing (excluding the preference shares) fell to 28.6% from 30.2% over the quarter. The board has confirmed its 8.43p full year dividend target and still thinks this will be covered 1.1x–1.3x by earnings after servicing debt. Total shares bought back are now almost 12.5m (£9.4m worth). The board is talking to the manager about adjusting the fee structure.
- Crystal Amber (CRS) says that Morphic Medical (its largest position) is on track towards EU certification of its RESET device. In Germany, over 100 hospitals are planning to apply for NUB funding for RESET, the reimbursement procedure for novel drugs and devices not yet included in the aG-DRG system. While in the UK, three large NHS Trusts have “initiated the economic business case” [doing the paperwork?] for RESET.
- Harmony Energy Income (HEIT) says negotiations on the sale of its portfolio to its preferred bidder continue. The exclusivity agreement with the preferred bidder has been extended to 10 March 2025. Results will come out before that – towards the end of this month.
- Regional REIT (RGL) said in a trading update that its portfolio valuation dropped 8.2% in 2024 to £622.5m (on a like-for-like basis). The second half of the year fared better, but was still down 3.1%. Net loan-to-value ratio reduced substantially to a more palatable 41.8% (2023: 55.1%) following significant corporate action.
- Starwood European Real Estate Finance (SWEF) says it will return £46m to shareholders by way of a seventh compulsory redemption of shares at 100.24p per share. About 23.66% of the shares in issue will be redeemed. The money should hit your account sometime on or after 28 February 2025.
We also have:
BlackRock Throgmorton extends lead over benchmark in difficult year
Polar Capital Global Financials shareholders rewarded with best year ever
Herald reports decent returns in tumultuous year, your vote needed at the AGM
