In QuotedData’s morning briefing 24 February 2025:
- VietNam Holding (VNH) says it is switching to holding shares that it buys back in treasury rather than cancelling them. [This makes sense – the trust has been buying back stock for a long time and this, and its superior performance record – ahead of all of its peers over all time periods – means that it is trading fairly close to asset value. It really ought to be growing again in our view. It is much easier to reissue shares from treasury rather than issuing them from scratch.]
- Octopus Renewables Infrastructure (ORIT) has appointed Peel Hunt LLP to manage an irrevocable programme to buy back ordinary shares within certain pre-set parameters. Any shares repurchased will be held in treasury. The programme will commence today and will run until publication of the Annual Report and Accounts for the twelve months ended 31 December 2024.
We also have:
Supermarket Income REIT bags nine Carrefour stores and sells a Tesco
Gore Street energises Dogfish, says tax credits are still on the table
Did you see from Friday:
Keep it closed! – closed end structures work, here’s some proof
