In QuotedData’s morning briefing 10 January 2024: Gore Street Energy Storage Fund (GSF) provided an update for the three months to 31 December 2023. The quarter continued to highlight the stability of the company’s revenue, with the portfolio generating an estimated £15.1/MW/hr, consistent with the £15.1/MW/hr generated during the prior six months to 30 September […]
In QuotedData’s morning briefing for 9 January 2024: Unite Group (UTG) has released fourth quarter 2023 valuation information on its student accommodation portfolio. The group’s USAF property portfolio (27,922 beds in 71 properties across 19 university towns and cities in the UK) was independently valued at £2,992m at 31 December 2023, a 2.1% increase on […]
On December 29, 2023, LumiraDx Limited announced that Andrew Johnson, Lisa Rickelton and Lindsay Hallam of FTI Consulting had been appointed as joint administrators of two of its subsidiaries, LumiraDx Group Limited and LumiraDx International Limited, which hold the assets of the LumiraDx group. Following their appointment, the administrators have entered into a sale and […]
In QuotedData’s morning briefing 2 January 2024: European Assets Trust (EAT) announced that as part of an orderly succession plan, Kate Cornish-Bowden has today been appointed to the board and its committees. Kate Cornish-Bowden is the chair of International Biotechnology Trust, and a non-executive director of Finsbury Growth & Income Trust and CC Japan Income […]
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 […]
