Keystone Positive Change (KPC) has announced its annual results. Over the year to 30 September 2023, the company’s net asset value per share total return was 7.0% compared to a total return of 11.0% for the comparative Index (in sterling terms). The share price total return for the same period was 6.0% as the discount […]
In QuotedData’s morning briefing 28 November 2023: JPMorgan Global Core Real Assets (JARA) announced its interim report for the period ended August 31, 2023. The net asset value total return was -4.6%, whilst total return to shareholders was -7.8%. Underlying asset performance in local currency was +0.7%. Currency was the key negative contributor to company […]
The bizarre comings and goings at OpenAI have been dominating business headlines recently. I must admit, I find the ongoing delirium surrounding artificial intelligence somewhat tiring. While I’m certainly not qualified to debate the finer details of the technology, it seems to me that for most people, the extent of it so far amounts to […]
Hipgnosis Songs Fund (SONG) has provided an update following the vote against continuation at its recent AGM on 26 October 2023. As part of a strategic review, the board intends to appoint independent advisers to conduct due diligence on the company’s assets to identify alternative proposals for the future of the company. The board has […]
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 […]
