In QuotedData’s morning briefing 27 December 2023: LMS Capital (LMS) announced the sale of its minority interest in Medhost. Net proceeds for LMS are estimated to be approximately $8.6m, of which $7.0 million will be paid cash at closing and $1.6 million by way of a promissory note that will be settled one year after […]
Cordiant Digital Infrastructure (CORD) has announced that its Czech portfolio company, České Radiokomunikace (CRA), has agreed to acquire a pair of businesses from Aricoma in the data centre and cloud services market, Cloud4com and DC Lužice. The transactions represent a significant advance in both the scale and capability of CRA in the Czech Republic’s fast-growing […]
In QuotedData’s morning briefing 20 December 2023: International Public Partnerships (INPP) announced a series of measures to optimise the company’s portfolio and reallocate capital to improve shareholder returns and address its discount. These include: a transaction involving the realisation of its four OFTO senior debt investments worth c.£200; the full repayment of its corporate debt […]
Ecofin Global Utilities (EGL) has announced its annual report for the year ended 30 September 2023. Over the period, the company’s net asset value was down 8.6% while the share price total return was down 21.9%. The company does not have a formal benchmark index, although for comparison the MSCI World Utilities Index fell 8.2%. […]
The board of Hipgnosis Songs Fund (SONG) has announced a delay to the publication of its financial results for the six months to 30 September 2023, which were expected to be published today. The valuation the company received from its independent valuer is materially higher than the valuation implied by proposed and recent transactions in […]
Henderson European Focus Trust (HEFT) announced its annual results for the year ended 30 September 2023. NAV total return was 24.1%, well ahead of the benchmark return of 3.6% and also outperforming the broader peer group average. Share price total return was 27.7% Major contributors to the outperformance included semiconductor capital equipment stocks BE Semiconductor […]
Polar Capital Global Healthcare (PCGH) announced its annual report for the year ended 30 September 2023. NAV total return was 4.21%, ahead of the benchmark MSCI ACWI Health Care Index which returned 1.19%. Share price total return was 1.92%. The outperformance was driven by strong stock selection, largely due to the focus on the company’s […]
Schroder UK Mid Cap Fund (SCP) announced its annual results for the year ended 30 September 2023. The company’s NAV total return for the year was 17.6%, outperforming the benchmark which produced a total return of 13.6% over the year. The share price total return was 17.4% due to a very small widening of the […]
GCP Asset Backed Income Fund announced it has commenced a strategic review following the company’s announcement on 18 September 2023 that it had ceased merger discussions with GCP Infrastructure Investments Limited and that the board would propose a continuation vote at its AGM to be held in May 2024. The decision to commence the strategic […]
JPMorgan Indian Investment Trust (JII) has announced its annual results for the year ended September 30 2023. NAV total return for the year was 1.2%, marginally ahead of the benchmark return of 0.7%. Share price total return was 2.2% with the discount closing at around 18%. The manager noted that It was a year of […]
