In QuotedData’s morning briefing 1 March 2023: Aquila Energy Efficiency (AEEE/AEET) did fail its continuation vote (as flagged 27 August). By 28 August 2023 (six months after the meeting), the directors will recommend to shareholders whether the company be reconstructed, re-organised or placed into liquidation, having explored all options and determined the best solution including […]
Mintech, a private equity investment of Schroder British Opportunities Trust (SBO) and the leading global provider of price data, analytics, and forecasts for agri-food, announced the acquisition of AgriBreifing. The company specialises in agri-food supply chains and the combined group will have a strengthened financial profile, product offering and customer base, providing: The largest portfolio […]
Third Point LLC, the investment manager of Third Point Investors Limited (TPIL) issued a strongly worded letter to portfolio holding company Bath & Body Works (NYSE: BBWI), citing concerns around the company’s corporate governance and decision-making processes, and has chosen to force an election contest. The American specialty retailer has a market capitalization of approximately […]
European Opportunities Trust ( EOT) posted a 0.4% fall in NAV for the 6 months to 30 November 2022, underperforming its benchmark, the MSCI Europe Total Return Index, which grew 2.1%. Over the past 6 months the discount, which was 13.8% at the last close, has generally been outside the board’s desired parameters. Management believes […]
Riverstone Credit announced strong full-year results for the twelve months ended 31 December 2022. The company finished the year with a NAV total return of 14.5% in 2022. Strong cash generation across the portfolio allowed the company to deliver an annual dividend in excess of target for the 2022 financial year with 9.0 cents declared for […]
Herald Investment Trust (HRI) has announced its final results for the year ended 31 December 2022. NAV fell 22.8% during the year, underperforming its benchmark index, the Numis Smaller Companies plus AIM (ex. investment companies), which fell 22.8%. However, the company did outperform the small cap Russell 2000 Technology Index (in sterling terms) which was […]
In QuotedData’s morning briefing 16 February 2023: Atrato Onsite Energy (ROOF) has announced the signing of a new power purchase agreement (PPA) with Tesco for a 370kWp new rooftop solar project on a supermarket site in Thetford, Norwich which will commence in Q2 2023. This will represent the first installation between the company and Supermarket […]
abrdn China Investment Company Limited announced final results from what has been a challenging year. NAV total return was -37.0% and share price total return was -35.5%, this compares to the MSCI China All Shares Index benchmark return of -31.5%. The report marks the first anniversary of the company’s new mandate, shifting from investing in […]
The board of Polar Capital Global Financials Trust Plc has announced the appointment of Simon Cordery to the role of chairman of the company with effect from 30 March 2023. Simon has been a non-executive director of the company since 1 July 2019. He replaces Robert Kyprianou who has been chairman since its launch, as […]
