In QuotedData’s morning briefing 20 September 2023: Foresight Solar (FSFL) announced the appointment of Lynn Cleary as an independent non-executive director with effect from 18 September 2023. Lynn spent 17 years as CFO and managing director of strategic programmes for The Royal Bank of Scotland International and is currently the president of the Jersey Bankers […]
JPMorgan Mid Cap Investment Trust (JMF) announced its half year results to June 30 2023. The NAV total return for the period was +7.5%, ahead of the benchmark FTSE 250 Index (excluding investment trusts) return of +3.0%. The company’s share price discount to NAV widened marginally over the year resulting in a share price total […]
Weiss Korea Opportunity Fund (WKOF) announced its half year results for the period ended 30 June 2023. The company’s share price return was flat over the 6 months while NAV return was -3.4%, trailing the reference MSCI South Korea 25/50 Net Total Return Index which appreciated by 6.7% in GBP. Chairman Krishna Shanmuganathan noted that […]
In QuotedData’s morning briefing September 19 2023: AEW UK REIT (AEWU) has appointed a new chairman designate. Robin Archibald, formerly head of corporate finance and broking at Winterflood Investment Trusts, has taken a non-executive director role and will be appointed chairman of the company at the 2024 AGM when current chairman Mark Burton will retire. […]
Hipgnosis Songs Fund (SONG) announced a number of proposals which it believes will act as a catalyst for a re-rating of the company’s share price. These include: Catalogue sales for aggregate gross consideration of $465 million; Share buy back programme of up to $180 million; Repayment of $250 million drawn under the company’s revolving credit facility (“RCF”); […]
VietNam Holding ( VNH) provided an update for the month ended August 2023, highlighting the ongoing performance of the region which has boosted returns of VNH, with shares up 22% YTD. Manager commentary – Vietnam’s moment in the sun Vietnam enjoyed further stock market gains and GDP growth in August, setting up a shiny backdrop […]
Ecofin US Renewables Infrastructure Trust (RNEW) announced its half year report for the year period ended June 30 2023. NAV return for the period was 0.3% while shares fell 24.7% which saw the discount widen to 29%. Commenting on the performance, chairman Patrick O’D Bourke noted that this has been a difficult first half for […]
Castelnau Group (CGL) announced the appointment of Richard Brown as non-executive director of the company and chief executive officer of Castelnau Group. A former investment banker, Richard has over 14 years of corporate finance experience. He has advised firms ranging from the largest FTSE 100 companies to private businesses, UK-focused as well as international. The […]
After extensive consultation with its advisers and shareholders, the board of RM Infrastructure Income (RMII) has decided to put forward proposals for a managed wind-down of the company. This follows a separate announcement also released today from GCP Infrastructure that noted RMII and GCP had been unable to agree on structure and terms for a […]
Mid Wynd International (MWY) announced its annual report for the year ended 30 June 2023. The company’s share price rose by 1.0% on a total return basis. NAV total return was 5.6%. This compares with a rise of 11.3% in the company’s comparator index, the MSCI All Country World Index. The share price total return […]
