Miton UK Microcap Trust ( MINI) has announced its annual results for the year ended 30 April 2024. The company reported a NAV total return of -12.9%, which was well behind the benchmark return of 7.2%. Shares fell 15% with the discount widening to 9.5%. Chairman, Ashe Windham, noted that almost all of the damage […]
Chrysalis Investments (CHRY) announced that portfolio company, Graphcore, has been acquired by Softbank. Chrysalis expects to receive cash proceeds of approximately $56.0 million; the company’s position in the capital structure of this investment led to a significantly better outcome than otherwise might have been the case. The expected pounds sterling proceeds of £43.8 million (assuming […]
In QuotedData’s morning briefing 12 July 2024: Odyssean Investment Trust (OIT) has announced a placing and retail offer of shares. The company has received interest from an investor wishing to acquire OIT shares and in light of this and the ongoing demand in the market, the board has decided to undertake a placing. Any shares […]
In QuotedData’s morning briefing 9 July 2024: Schroder BSC Social Impact Trust (SBSI) released its annual impact report. The report demonstrates that the portfolio has positively impacted 400,000 people since inception, provided decent, affordable homes for 35,000 disadvantaged, vulnerable and lower-income people; and delivered £217m in benefits for the public, through savings to government and […]
Castelnau Group (CGL) is up more than 30% over the last five days thanks mostly to an announcement from portfolio company Dignity/Valderrama (which accounts for almost 80% of the trust), which was up 45.7% (with a NAV impact of 43.0%). The primary driver of this uplift is the reduction in net debt which has been […]
In QuotedData’s morning briefing 5 July 2024: US Solar Fund (USF) provided an update for the first quarter ended 31 March 2024. The company saw a NAV total return of 0.9%. Portfolio performance was also down due to lower than expected solar irradiance. Overall generation was 130.6GWh, 11.6% below forecast. Canadian General Investments (CGI) provided […]
in QuotedData’s morning briefing 3 July 2024: Downing Renewables & Infrastructure (DORE) announced that Downing Hydro has pre-qualified its first hydropower plant site for participation in the Frequency Containment Reserve markets (FCR) in Sweden. The FCR markets serve to stabilise the Swedish grid. The initial site pre-qualified is the Gottne hydropower plant. The site is […]
Seraphim Space Investment Trust (SSIT) has provided an update including several announcements regarding its portfolio companies including: Voyager Space’s Starlab announces strategic partnership with Palantir Starlab Space, the US-led global joint venture from portfolio company Voyager Space, Airbus, Mitsubishi Corporation and MDA Space, announced Palantir Technologies as a strategic partner. Palantir will become the exclusive […]
Monks Investment Trust (MNKS) announced its annual results for the year end 30 April 2024. The company delivered a NAV total return of 17.6%. The share price total return was +19.1%, inline with the benchmark return of +19.1%. The manager noted that the second half of the year provided much stronger returns than the first […]
Artemis Alpha Trust (ATS) announced its annual report for the year ended 30 April 2024. The company delivered a NAV total return of 15.1%, well ahead of the benchmark index return of 7.5%. Shares rose 12.3%. The discount was 11.7% at the time of publishing. The company noted that during the second half of the […]
