07 May 2024
a coffee pot and a mug, good morning from QuotedData

QuotedData’s morning briefing 7 May 2023 – APAX, SEIT, AEIT

In QuotedData’s morning briefing 7 May 2023: An affiliate of the Apax IX Fund in which Apax Global Alpha Limited (APAX) is a limited partner, announced the sale of its controlling interest in Healthium MedTech Ltd, a leading Indian medical devices player. This transaction values the look-through investment in Healthium at approximately €22.7m. This represents […]

02 May 2024
Globalworth Real Estate sees strong growth in preliminary results

Positive outlook for Chrysalis after solid start to the year

Chrysalis Investments (CHRY) announced a trading update for the three month period to 31 March 2023. The company saw a 4.09 pence per share increase in NAV, equivalent to 2.3%. This was driven predominantly by movement in the fair value of the portfolio which added 5.15 pence per share, with foreign exchange generating an adverse […]

02 May 2024

QuotedData’s morning briefing 2 May 2024 – EAT, TRIG, API

In QuotedData’s morning briefing 2 May 2024: European Assets Trust (EAT) announced that Mine Tezgul will succeed Sam Cosh as the company’s lead investment manager with immediate effect. Mine Tezgul is a portfolio manager in the European equities team and head of European small cap equities. Mine joined the manager in 2018 as an equity […]

01 May 2024

Managed run off continues for Aquila Energy Efficiency Trust

Aquila Energy Efficiency Trust (AEET) announced its annual results for the year end December 31 2023. The company saw a NAV total return of 0.3%, while shares fell 17.6%, leading the discount down to 39.3%. The company has made no new investments outside its existing commitments since the failed continuation vote back in Feb 2023 […]

01 May 2024

Invesco Perpetual UK Smaller Companies sees a modest drop in NAV

Invesco Perpetual UK Smaller Companies (IPU) announced its annual results for the period ended 31 Jan 2024. The company saw  NAV total return of -4.1%, slightly worse than the benchmark fall of -3.3%. Shares fell -3.1% while the discount narrowed to 11.1%. Longer term performance remains positive, with the cumulative NAV total return over the […]

25 Apr 2024

Bidding war for Hipgnosis steps up a notch

In a further development to the recent offers by Concord Chorus Limited and Blackstone Europe for the assets of Hipgnosis’s (SONG) over the past week (discussed here, and here), Concord Chorus Limited has announced that it has reached agreement on the terms of an increased cash offer. This is at an increased price of US$1.25 […]

25 Apr 2024

Boussard & Gavaudan heads toward wind down

Boussard & Gavaudan Holding (BGHL) announced its annual results for the 12 month period to 31 December 2023.  The NAV for the Euro shares decreased by 0.79% and the Sterling shares increased by 0.57%, whilst the market price of BGHL’s Euro shares increased by 13.51% and the market price of the Sterling shares increased by […]

25 Apr 2024

Challenging year for GABI as wind down looms

GCP Asset Backed Income Fund (GABI) announced its annual report for the year end 31 December 2023. The company delivered a NAV total return of 5%, although the share price total return was -14.1%, leading to a large increase in the discount which now sits at 27%. The company did announce profits of £18.3 million […]

25 Apr 2024

Improving outlook after tough year for Aquila European Renewables

Aquila European Renewables (AERI) announced its annual results for the year end 31 December 2023. The NAV total return was -6.0% while shares fell -9.0% with the discount widening to 20.3%. The company sited substantial interest rate increases, supply chain disruptions and falling commodity and electricity prices for the negative returns. AERI did deliver a […]

25 Apr 2024

Inflation weighs on GCP Infrastructure Investments in Q1

GCP Infrastructure Investments (GCP) has provided a company update for the three months to 31 March 2024. The company’s NAV fell 2.2% over the period, driven by changes to the inflation forecast to reflect the OBR’s Spring Budget 2024 figures. This contributed around 1.6 pence per ordinary share. Further reductions in forecast electricity prices, primarily […]

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