In QuotedData’s morning briefing 28 August 2024: abrdn Property Income Trust (API) has sold Bastion Point, a single-let industrial unit in Dover that is let to the Secretary of State for Housing Communities and Local Government, for £9.475m. The sale price is in line with the end June 2024 valuation but 4.8% below the end […]
In QuotedData’s morning briefing 27 August 2024: Literacy Capital (BOOK) announced its interim results for the six months ended 30 June 2024. The company saw a NAV total return of 4.4% while its share price increased 9.9%, compared to a 5.8% increase for the benchmark index. In June 2024 Literacy celebrated its third anniversary since […]
Caledonia Investments (CLDN) has invested £55m to acquire a majority stake in Direct Tyre Management Limited (DTM), the UK’s leading independent provider of outsourced tyre management services to fleet operators. The management team has reinvested alongside Caledonia to acquire 100% of the business from investors including Palatine Private Equity. The manager noted that the acquisition […]
In QuotedData’s morning briefing 19 August 2024: RM Infrastructure Income (RMII) has announced its interim results for the six months to 30 June 2024. The company delivered a NAV total return of 2.5% and a share price total return of 9.6%. The company also paid a dividend of 3.5p per share. The manager noted that […]
A lot has been said by some commentators about Great Britain’s 7th placed finish and worst gold medal haul since Athens in 2004 at this year’s Olympics. However, the absolute weighting of golds on the ‘official’ table feels misguided given the often-infinitesimal margins between places on the podium. A total medal count of 65 should […]
Pershing Square Holdings (PSH) announced its interim report for the year ended 30 June 2024. For the first half of 2024, the company’s NAV total return increased by 5.7% while the share price increased by 14.7% compared to the benchmark index return of 15.3%. During the period, the discount narrowed from 28.7% to 22.7% The […]
In QuotedData’s morning briefing 16 August 2024: Canadian General Investments (CGI) announced its interim report for the six months to 30 June 2024. The company delivered a NAV total return of 13.3%, ahead of the benchmark index return of 6.1%. Shares were up 4.8%. Commenting on the performance and outlook, chair Vanessa Morgan noted: “The […]
Impax Environmental Markets (IEM) has released its interim report for the six months to 30 June 2024. The company’s NAV total return was -0.5% while shares fell 2.3%, trailing the benchmark index which delivered a return of 12.2%. The net revenue return for the period was £8.6m, compared with £9.1m earned in the same period […]
Downing Renewables & Infrastructure Trust (DORE) has provided a portfolio update announcing that its Mersey Reactive Power Limited, a UK-based, fully operational 200 MVAr shunt reactor which the company acquired in June 2023, has renegotiated its contract with the National Grid Electricity System Operator to provide additional reactive power to the Merseyside area. The shunt […]
In QuotedData’s morning briefing 12 August 2024: Apax Global Alpha ( APAX) has provided an update on the Apax Funds’ intention to take private technology consultancy, Thoughtworks. As part of the transaction, Apax XI and co-investors will purchase all the outstanding shares in Thoughtworks, whilst Apax IX, alongside related co-investors, will roll its entire stake […]
