In QuotedData’s morning briefing 6 December 2023: Custodian Property Income REIT’s (CREI’s) NAV fell to 95.9p per share at 30 September 2023 (from 99.3p at 31 March 2023). Portfolio valuation remained stable with a marginal 0.6% decline to £609.8m (31 March 2023: £613.6m). The portfolio saw a £15.6m valuation decrease, driven by current investor and market […]
European Opportunities Trust has confirmed that the company will undertake a tender offer for up to 25% of the issued share capital of the company. The offer, which is subject to shareholder approval, is being made at a tender price equal to a 2% discount to the prevailing NAV as at the calculation date, less […]
The Lowland Investment Company (LWI) announced its annual report for the period ended 30 September 2023. The company saw an NAV total return of 17.2% compared to a benchmark total return of 13.8%. Shares were up 8% with the company’s discount now sitting at around 13%. Dividends grew 2.5% to a yield of 5.3%. The […]
In QuotedData’s morning briefing 5 December 2023: Personal Assets Trust (PNL) announced its interm report for the six months to 31 October 2023. The company’s NAV fell by 2.7% while shares fell 4.5% with shares falling to a discount of around 1%. The company continues to be positioned defensively with almost 40% of the fund […]
In QuotedData’s morning briefing 29 November 2023: Cordiant Digital Infrastructure (CORD) announced its interim results for the six months to 30 September 2023. The NAV total return was 1.1% while shares fell 12.4% with the company’s discount widening to 38%. Despite the returns, portfolio performance was robust. EBITDA for the six-month period increased 5.5% to […]
As noted on November 3, Troy Income (TIGT) has announced that terms have been agreed for a proposed combination of TIGT with the STS Global Income & Growth Trust (STS). Following implementation of the proposals, the enlarged STS will continue to be managed, on the same basis as currently, by Troy Asset Management Limited with James […]
Keystone Positive Change (KPC) has announced its annual results. Over the year to 30 September 2023, the company’s net asset value per share total return was 7.0% compared to a total return of 11.0% for the comparative Index (in sterling terms). The share price total return for the same period was 6.0% as the discount […]
In QuotedData’s morning briefing 28 November 2023: JPMorgan Global Core Real Assets (JARA) announced its interim report for the period ended August 31, 2023. The net asset value total return was -4.6%, whilst total return to shareholders was -7.8%. Underlying asset performance in local currency was +0.7%. Currency was the key negative contributor to company […]
The bizarre comings and goings at OpenAI have been dominating business headlines recently. I must admit, I find the ongoing delirium surrounding artificial intelligence somewhat tiring. While I’m certainly not qualified to debate the finer details of the technology, it seems to me that for most people, the extent of it so far amounts to […]
Hipgnosis Songs Fund (SONG) has provided an update following the vote against continuation at its recent AGM on 26 October 2023. As part of a strategic review, the board intends to appoint independent advisers to conduct due diligence on the company’s assets to identify alternative proposals for the future of the company. The board has […]
