In QuotedData’s morning briefing 24 July 2023: Alliance Trust (ATST) has added a new stock picker to its roster, bringing the total to 10. ATST’s investment manager Willis Towers Watson has appointed Dalton Investments, a value-focused Japanese specialist, which will receive 4% of ATST’s capital. Craig Baker, chairman of WTW’s investment committee, said: “Following extensive […]
We have previously espoused the notion that the widespread discounts in the unlisted investment trust sectors are often unjustified. It is certainly true that many viable investment strategies are trading on ever wider discounts, if not their historically widest levels, with investors for example selling down their holdings out of fear of valuations cuts, or […]
Gore Street Energy Storage Fund (GSF) has released its annual results for the financial year ending 31 March 2023. Over the 12 month period GSF’s NAV increased by 47.8%, to £556.3m. Its NAV per share increased by 5.9%, to 115.6p per share. This reflects a NAV total return of 12.3% and 48% since 31 March […]
Ruffer Investment Company (RICA) has released its annual results for the financial year ending 30 June 2023. Over the 12 month period RICA generated a NAV total return of -1.7%, and share price return of -7.2%. The drivers behind RICA’s negative financial year returns were its use of protections strategies and derivatives, with its equity […]
In QuotedData’s morning briefing 17 July 2023: Cordiant Digital Infrastructure (CORD) has announced that its portfolio company, Emitel S.A, has refinanced its senior loans, securing €353m in financing which matures in 2030. The new facility was 1.6 times oversubscribed, with a blended rate lower than the 2.9% of its current senior facilitates. The new loans […]
In QuotedData’s morning briefing 10 July 2023: Castelnau Group (CGL) has announced that it has purchased a 25% stake in Warlord Games, a historical table top wargame maker, through one of its portfolio companies, Hornby Hobbies. The transaction was made for £1.25m in cash. CGL has the option to become the majority shareholder in Warlord […]
In QuotedData’s morning briefing for 3 July 2023 Riverstone Energy (RSE) has provided an update on its share buyback program, whereby it has entered into an agreement with JPMorgan and Numis to buyback shares through a non-discretionary programme, subject to certain pre-set parameters. This programme will continue from today to the publishing of its next […]
Chelverton UK Dividend Trust (SDV) has released its annual results for the 12 month period ending 30 April 2023. SDV’s NAV per share fell by -15.3%, and its share price fell by -9.4%. Total assets, including its revenue reserve, fell by -8.7%. Over the same period the MSCI Small Cap Index fell by -5.2%. SDV […]
JPMorgan Core Real Assets (JARA) has released annual results for its financial year end 28 February 2023. Over the 12 month period JARA reported a NAV total return of 11.6% and share price total return of 7.0%. A major factor in driving JARA’s positive performance was its unhedged currency exposure, particularly its large exposure to […]
Blackstone Loan Financing (BGLF) has announced that following extensive consultation with external advisors, the trust has unanimously recommended to shareholders to vote in favour of a managed wind-down. While BGLF has generated strong performance over its nine-year life, the board felt that the current factors weighing on the trust are sufficient to justify its wind-down. […]
