In QuotedData’s morning briefing 8 October 2024: Literacy Capital (BOOK) has announced a variation to the terms of its investment management agreement increasing the fee payable to the investment manager to 1.5% of the adjusted audited net asset value as at the end of that year effective from 1 January 2025. The current entitlement is […]
Long suffering Chinese investors finally have something to cheer about. The CSI 300, the broad-based index of China’s largest companies, is now up an astonishing 27% off its mid-September lows as the People’s Bank of China (PBoC) and politburo announced an array of measures and fiscal rhetoric to support equity markets and the broader economy. […]
VietNam Holding (VNH) announced its annual report for the twelve-months to 30 June 2024. The company delivered an impressive NAV total return of 23.6% for the full-financial year, comfortably outperforming a 9.5% increase in the benchmark index. The fund also performed better than its peers by a notable margin.. The share price return was up […]
In QuotedData’s morning briefing 2 October 2024: RTW Biotech Opportunities (RTW) announced a new investment in Aktis Oncology, a clinical-stage biotechnology company pioneering the discovery and development of novel targeted alpha radiopharmaceuticals to treat a broad range of solid tumours. RTW, alongside other investment vehicles managed by RTW Investments (the investment manager), co-led Aktis’s Series […]
In QuotedData’s morning briefing 1 October 2024: Baillie Gifford China Growth Trust (BGCG) announced its interim results for the six months to 31 July 2024. The company delivered a NAV total return of 10.2%, trailing the benchmark index return of 12.0%. The share price rise was 4.1% as the company’s discount to NAV expanded from […]
Chrysalis Investments (CHRY) announced that it has agreed to a £70m debt facility with Barclays Bank. In addition to the committed £70m, the facility also includes an uncommitted accordion of £15m. The announcement comes after recent discussions that the company was considering options to enhance liquidity and so enable its capital allocation policy to take […]
In QuotedData’s morning briefing 25 September 2024: North Atlantic Smaller Companies Investment Trust (NAS) reported its interim results for the six month period to 31 July 2024. The NAV total return was 8.3% compared to 12.9% in the benchmark index. Performance was adversely impacted by the trust’s large cash holdings and the underperformance of the […]
Downing Renewables & Infrastructure Trust (DORE) announced its interim results for the six months to 30 June 2024. The company’s NAV total return was flat over the period, although is up 4% over the past 12 months. The share price total return fell 9% and the discount was 33% at the time of publishing. Interim […]
In QuotedData’s morning briefing 19 September 2024: GCP Asset Backed Income Fund (GABI) announced its interim results for the six months to 30 June. The main development for the period was the decision to undertake a managed wind-down of the company and realise all existing portfolio assets. Strong progress was made in this regard with […]
City of London Investment Trust (CTY) announced its annual results for 12 months to 30 June 2024. The company delivered a NAV total return of 15.6%, ahead of the benchmark return of 13%. The share price total return was 11.3%, leading the discount to widen to 1%. Dividends per share were 20.6p, up 2.5% for […]
