Literacy Capital (BOOK) is pleased to announce that it has sold an unspecified asset in full, generating a strong return for shareholders and a substantial amount of cash, which will ultimately fund future investments. The company highlighted that this was one of its largest assets, which was sold at a >50% premium to carrying value. […]
Following ThomasLloyd Energy Impact Trust’s (TEIL) adjourned AGM, it has been announced that the company has failed its continuation resolution. Shareholders representing approximately 58% of the votes cast voted against the continuation resolution, in line with the board’s recommendation. Of the total votes cast by shareholders that are independent of the company’s investment manager, ThomasLloyd […]
Cordiant Digital Infrastructure (CORD) announced that it has entered into an agreement to acquire the entire issued share capital of Speed Fibre, Ireland’s leading open access fibre infrastructure provider. Speed Fibre is being acquired from the Irish Infrastructure Fund for a total enterprise value of €190.5m. The equity consideration of €97 million will be funded […]
GCP provided a second-quarter update for the period ended 30 June 2023, which highlighted a further 2% fall in NAV. The primary driver of this movement was the increase in discount rates, which was applied across the portfolio’s three sectors: supported living, PFI, and renewable energy. The increased discount rates reflect the current higher inflation […]
Riverstone Energy Limited (RSE) announced that it has entered into a definitive agreement under which Permian Resources will acquire Earthstone in an all-stock transaction valued at approximately $4.5 billion, inclusive of Earthstone’s net debt. CT Private Equity Trust (CTPE) announced its results for the half year ended 30 June 2023. Share price total return for […]
Global Opportunities Trust (GOT) announced its half year report for the period ended 30 June 2023. The company’s NAV decreased by 0.2% while shares increased by 2.2% reflecting a slight narrowing of the discount to NAV which sat at 17% at the last close. During the period, the company also terminated its investment management agreement […]
A further update has been made regarding ThomasLloyd Energy Impact Trust (TLEI), as new information has come to light under the protections of the company’s whistleblowing policy. The update appears to reveal that ThomasLloyd Global Asset Management (the Investment Manager) was aware of material information relating to the RUMS Project by August 2022. According to […]
Schroder UK Mid Cap (SCP) announced the appointment of Harry Morley as an independent non-executive director of the company, effective from 1 September 2023. Mr Morley has also been appointed a member of the Audit and Risk, Management Engagement, Nomination, and Remuneration Committees. Witan Investment Trust (WTAN) released its half year results for the period […]
As we have noted on several occasions over the past few months, despite poor share price returns, the underlying fundamentals of the renewable energy sector remain strong, particularly for those companies benefitting from inflation-linked subsidies and exposure to wholesale power prices. In many cases, these tailwinds have more than offset the adverse impact of rising […]
Tritax EuroBox (EBOX) has successfully exchanged contracts for the sale of its warehouse asset in Hammersbach, Germany for a price of €64.6 million to a leading pan-European real estate investment manager. The sale price is broadly in line with the valuation as at 31 March 2023. The 43,153 sqm prime logistics property in Hammersbach, Germany was acquired […]
