In QuotedData’s morning briefing 23 November 2023: abrdn New India Investment Trust (ANII) announced its interim report for the six months to September 30 2023. Share price total return for the period was 13.7% while the NAV was up 13.2% with the discount narrowing slightly to -18.7% at last close. While impressive on an absolute […]
NextEnergy Solar Fund (NESF) announced its interim results for the period ended 30 September 2023. The NAV fell by 5.2% while shares fell 6.6%, further widening the company’s discount to around 21%. The company raised its dividend by around 13% on the year prior. The company has taken steps to manage its discount, introducing a […]
In QuotedData’s morning briefing 22 November 2023: HICL Infrastructure (HICL) announced its interim results for the six months ended September 30 2023. NAV total return fell 3% over the period reflecting the increase of the portfolio’s weighted average discount rate from 7.2% to 8.0%. Transaction activity remained robust, totalling £532m, while the company also reduced […]
QuotedData’s morning briefing 15 November 2023: GCP Infrastructure Investments (GCP) has released a quarterly update to 30 September 2023. NAV total return over the period was 1.4% while shares fell 11.6%, widening the fund’s discount which now sits at 36%. During the quarter, the company completed a refinancing of two existing loan notes secured against […]
HydrogenOne Capital Growth (HGEN) has provided an update for the third quarter. NAV growth was flat over the three months to September 30, however was up 5.1% over the same period last year, a solid return given broader macro economic headwinds. HGEN has also continued to deliver strong revenue growth with its underlying portfolio companies […]
JPMorgan UK Smaller Companies Investment Trust (JMI) has announced that it has signed terms with the JPMorgan Mid Cap Investment Trust (JMF) in respect of a proposed combination. This would see the issuance of new ordinary shares of JMI and the transfer of part of JMF’s assets. Following its completion, the enlarged JMI shall continue […]
In QuotedData’s morning briefing November 14 2023: VietNam Holding Limited (VNH) provided a monthly update with NAV total return down 11.7% due to rising foreign exchange headwinds and geopolitical pressures. Despite the size of the move, this was still ahead of the benchmark VNAS fall of 12.5%. The company also announced it had won the […]
European Opportunities Trust has responded to a letter published by Saba Capital Management regarding its opposition to EOT’s proposed tender offer. The board believes that the 50% tender offer suggested by Saba would not be in the best interests of the majority of shareholders and affirms its position in recommending that a 25% tender offer […]
BlackRock Greater Europe Investment Trust (BRGE) announced its annual results for the 12 months to 31 August. The company’s NAV returned 19.2% and the share price return was 17.1%, in comparison to the benchmark FTSE World Europe ex UK Index which returned 15.8% over the same period. As at 31 August 2023, the company’s NAV […]
In QuotedData’s morning briefing 8 November 2023: HgCapital Trust (HGT) announced its results for the three months ended September 30 2023. The company saw a total NAV increase of 4.8% to £2.3 billion. Share price total return was 5.4%, well ahead of its benchmark FTSE All-Share Total Return Index which returned 1.76%. The company also […]
