Ashoka India Equity (AIE) has released its annual results for the period ending 30 June 2023: Over the 12 month period AIE reported a NAV total return of 18.3% and share price total return of 19.4%. This represents an outperformance relative to its benchmark, the MSCI India IMI Index, which returned 11.8%. This also marks […]
In QuotedData’s morning briefing 9 October 2023: Oryx International Growth (OIG) provided an update on the proposed bids for its holdings in Tribal Group, Pendragon, and Smoove. The offer for Tribal Group represents an approximate 41% premium to the recent share price and would return circa £14.8m in cash to OIG upon completion, representing an […]
In QuotedData’s morning briefing 5 October 2023: The Unite Group (UTG) has provided a trading update and Q3 valuations. Rental growth was up 7.3% for the 2023/24 academic year, with a 99.7% occupancy rate (versus 97.9% for the prior year). The Unite UK Student Accommodation Fund property portfolio was valued at £2,929m, a 0.2% increase […]
The Investment Company (INV) has released its final results for the period ending 30 June 2023. INV reported a NAV return of 1.39% and share price return of 15.7% for the period. Mindful of the size and illiquidity of the trust, in July 2023 the board implemented a tender offer to allow shareholders to easily […]
SLF Realisation Fund (SLFR) released its annual results for the 12 months ending 30 June 2023. We note that SLFR is undergoing a managed wind down. Over the period SLFR reported a NAV total return of (25.8%) per ordinary share, and (2.7%) for 2016 C share. The chairman believes that significant progress was made over […]
In QuotedData’s morning briefing 2 October 2023: India Capital Growth Fund (ICG) has announced that its investment manager, Ocean Dial Asset Management, has been acquired by AssetCo. As a result ICG will come under the River and Mercantile brand in due course, which will increase the resources available to ICG. Taylor Maritime Investments (TMI) has […]
Schroder Japan (SJG) has released its annual results for the period ending 31 July 2023. Over the 12 month period SJG reported a NAV total return of 11.7% and share price total return of 18.7%. This compares favourably to its benchmark return of 9.4% and is SJG’s third year of outperformance. Positive contributors to SJG’s […]
In QuotedData’s morning briefing 29 September 2023: Syncona (SYNC) has announced that it is launching a share buyback programme of up to $40.0m. SYNC’s board believes that the current share price materially undervalues its portfolio and its prospects and that the shares represent a compelling and unique investment opportunity. SYNC currently trades on a (42.3%) […]
Strategic Equity Capital (SEC) released its annual results today, for the period ending 30 June 2023. Over the 12 months SEC reported a NAV total return of 9.2%, and a share price total return of 11.2%. This compares to the (0.4%) loss of its comparative index, the FTSE Small Cap (ex Investment Trusts). SEC’s management […]
JPMorgan Emerging Markets Investment Trust (JMG) reported its annual results for the year ending June 2023. JMG reported a NAV total return of 0.8%, ahead of its benchmark, the MSCI Emerging Markets Index, which reported a loss of (2.8%) over the same period. Stock selection was the largest contributor to JMG’s returns, adding 4.0%, with […]
