Herald Investment Trust (HRI) announced its half year results for the period ended June 30 2023. NAV for the company fell 0.3% while shares fell 1.8%, outperforming the Numis Smaller Companies Index which fell 1.8%, although the Russell 2000 Technology Index was up more than 16%. Herald operates a global portfolio with exposure to several […]
Twentyfour Income Fund (TFIF) announced its annual report for the year end 31 March 2023. NAV for the year fell 10% while shares fell 6%. Discussing the performance for the period, the investment manager noted the following; “The company started the reporting period just after the invasion of Ukraine by Russia, meaning the risk sentiment […]
Digital 9 Infrastructure (DGI9) has provided a company update on its recent and ongoing activities. The key highlights from the report were: Considerable investor interest in equity syndication Continued evaluation of additional complementary sources of growth capital Reaffirmed target aggregate dividend of 6.0 pence per ordinary share for the year ending 31 December 2023 Operating […]
Brunner Investment Trust (BUT) provided an update for the six month period to 31 March 2023. NAV per share increased by 1.6% compared to a benchmark return of 0.3% while shares were up 2.3%. Management sited a strict focus on valuation as one of the factors that allowed the company to avoid some of the […]
ThomasLloyd Energy Impact has provided a valuation update relating to the status of its Rewa Ultra Mega Solar Park Project which led to the suspension of the fund’s shares back in in April. We have written about the situation that has unfolded over the last few months here, and here. The update relates to the […]
Artemis Alpha Trust (ATS) announced its annual results for the year end up to 30 April 2023. During year NAV per share rose by 1.3% and its share price fell 1.2% (on a total return basis). In comparison the benchmark FTSE All- Share Index rose by 6.0%. The second half of the year showed a […]
Cordiant Digital Infrastructure Limited (CORD) announced that its portfolio company, České Radiokomunikace has signed a new 15-year contract with an existing customer, the blue-chip mobile operator T-Mobile for the lease of space on CRA’s telecommunications tower portfolio. The new contract replaces and expands the scope of the existing contract with T-Mobile. Under the previous arrangements, […]
JLEN Environmental Assets Group (JLEN) announced its investment up to the value of €9.2m into the company’s second green hydrogen development opportunity, in Germany, alongside a consortium including other Foresight managed funds and its development partner HH2E, a specialist in developing green hydrogen projects to decarbonise industry. The green hydrogen production site is located in […]
Miton UK Microcap Trust (MINI) announced its annual results for the year ended 30 April 2023. Miton struggled throughout the year in what remains a challenging environment for small and micro caps. NAV fell 30% and shares 31%. In contrast, the Numis 1000 Index was down 11.2% during the same period. Despite the performance, the […]
Riverstone Energy (RSE) has announced that one of its portfolio companies, Anuvia Plant Nutrients, has ceased operations and is undergoing liquidation. The company invested US$20 million in Anuvia in March 2022, with its investment being written down to US$14 million at the time of its Q1 2023 quarterly portfolio valuations. Anuvia is in the process […]
