River and Mercantile UK Micro Cap announced its annual report for the year ended 30 September 2023. NAV total return for the period was 3.81%, compared to 3.27% for the the Numis Smaller Companies plus Alternative Investment Market index. Shares fell 4% with the discount widening to around 14%. Given the broader sell off in […]
Schroder AsiaPacific Fund (SDP) has announced its annual report for the year ended 30 September 2023. NAV total return for the period was 2.9%, ahead of the benchmark MSCI All Country Asia ex Japan index which rose by 1.5% over the same period. Shares were up 2.3%. This continues the company’s commendable long term record […]
Foresight Sustainable Forestry (FSF) has announced its annual results for the year ended 30 September 2023. NAV fell 6.3% for the year while shares were down 23%. The company noted that the key driver of the reduction in NAV per share has been the decline in land values, which was impacted by a significant reduction […]
JPMorgan Japanese announced its annual results for the 12 months to 30 September. NAV total return was 8%, underperforming the benchmark TOPIX index by 6.7%. Share price total return was 6.4% with the discount widening to around 8%. Commenting on the underperformance, chairman Christopher Samuel noted: “After the earlier periods of underperformance, this year’s numbers […]
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 […]
