Foresight closed out an impressive year as NAV per share rose 16.9%. The shares also returned almost 17% and while the company doesn’t reference a benchmark, returns are well in excess of global market indices. While the headline numbers are strong, the company did benefit to a certain extent from timing as the calendar year […]
Witan Investment Trust announced its final results for the year ended 31 December 2022. While performance improved in the back half of the year, the company underperformed over the 12 month period, with the share price down -9.8% compared to a benchmark return of -6.2%. NAV fell 10.3% while the discount was 5.4%. Management acknowledged […]
Seraphim Space (SSIT) has commented on the recent events concerning Silicon Valley Bank (SVB). SSIT confirms that it does not bank with SVB, nor does its investment manager, Seraphim Space Manager LLP. However, eight of SSIT’s portfolio companies use SVB as their primary banking provider. SSIT says that it does not anticipate that the recent […]
The Board of abrdn Latin American Income Fund Limited has announced that proposals will be put forward for the company to be placed into summary winding up (the Jersey solvent liquidation process commenced by members’ special resolution), with the cash proceeds of the liquidation being returned to shareholders. While the board believes that the company’s […]
Volta Finance Limited announced its first interim dividend for the financial year commencing 1 August 2022. The quarterly interim dividend of €0.13 per share is payable on 27 April 2023 amounting to approximately €4.76m, equating approximately to an annualised 8% of net asset value. Aquila Energy Efficiency Trust PLC has announced the appointment of Stifel Nicolaus […]
While AVI Japan ( AJOT) fell in Feb, with NAV down 1.6% for the month, performance for the underlying companies was healthy with TSI Holdings the standout contributor (+20% share price gain adding 110bps to performance). T Hasegawa and NC Holdings detracted with a more difficult cost environment for both weighing on profits. It was […]
Literacy Capital (BOOK) announced a transaction involving its portfolio company, Kernel Global, funded by Three Hills Capital Partners. Kernel is a recruitment group, comprised of two trading brands, that Literacy invested into in June 2018. On 31 December 2022, Kernel was Literacy’s fourth largest investment (equating to 7.6% of NAV). The transaction values Literacy’s stake […]
JPMorgan Claverhouse (JCH) announced results for the year ended 31 December 2022. The Company underperformed its benchmark, the FTSE All Share Index, declining by 4.6% on a NAV basis, and 5.1% in share price terms over the period, compared to a positive return of 0.3% for the benchmark. While management acknowledged the disappointing result, they […]
Fidelity Emerging Markets (FEML) released half year results for the period ended 31 December 2022. The share price was down -2.9%, trailing the MSCI Emerging Markets Index which was -2.19%. NAV fell 3.2% while the discount was 12%. The company highlighted weakness in Chinese material companies amid property sector challenges as the primary cause for […]
JPMorgan Emerging Markets (JMG) announced an impressive half-year result for the period ending 31st December 2022 with a NAV total return of 1.3%, comfortably ahead of its MSCI Emerging Markets Index which was down -2.1%. Share price returns were also strong, growing 5.1% for the period, closing the discount to around 9%. The results continue […]
Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.
Due to data protection policies, USA residents can not access our data.
Your content has been curated