Sequoia Economic Infrastructure Income (SEQI), the £1.2bn high yielding debt fund, has finally drawn a line under the collapse of Bulb Energy that contributed to a derating in its shares four years ago. In its monthly valuation update the investment company said “successful settlements in the full recoverability” of the £55m secured loan to Bulb […]
UK smaller companies funds Strategic Equity Capital and JPMorgan UK Small Cap Growth & Income made little overall headway in their latest financial years but express confidence that their sector offers “compelling” returns in future. Strategic Equity Capital (SEC), the £161m UK smaller companies investment company that saw 22% of shares tendered this month, had […]
Biotech Growth (BIOG) is ploughing on with share buybacks in the hope investors will soon sit up and notice the startling recovery in its shares. Since early April, when the investment trust had tumbled to more than a six-year low on Trump tariff fears, the shares have shot up 77%, lifting its market valuation to […]
Last month was a great one for investment companies exposed to gold, biotechnology, emerging markets and corporate actions aimed at restoring shareholder value. Infrastructure fund prospects look less than golden with high interest rates and declining power price forecasts, but one £422m renewables portfolio perhaps deserves a closer look with shares on a wide 35% […]
Strategic Equity Capital (SEC), a UK smaller companies fund managed by Ken Wotton at Gresham House, has avoided a damaging exodus by investors but will have to soldier on with a diminished portfolio after 22%, or 9.5m, of its shares were tendered in this month’s 100% tender offer. That leaves the investment company with £142.8m […]
British Land reports a strong start to its financial year; Renewables Infrastructure Group signs a power supply contract with Virgin Media O2; plus news from Oakley Capital Investments, EJF Investments, RTW Biotech Opportunities, Abrdn Asia Focus, Sirius Real Estate, Great Portland Estate and Sequoia Economic Infrastructure. British Land (BLND) shares gain 5.6% to 382.8p in […]
The long period of poor performance by Nick Train’s £1.1bn UK equity income trust presents a challenge ahead of a shareholder continuation vote in January. Finsbury Growth & Income (FGT) fund manager Nick Train has vowed to make no changes to his investment process after the investment trust fell to a loss for the year […]
Target Healthcare (THRL), a £580m investor in care homes, is lobbying the government to reconsider its proposed ban on upward only rent reviews in leases made in July. “Whilst aimed at retail properties, this has the potential for significant unintended consequences elsewhere,” even if legislation was not retrospective the real estate investment trust said. “We […]
Oakley Capital Investments (OCI), the £965m investor in Oakley Capital’s private equity funds, is investing £10m in ONHC, an Italian specialist private healthcare insurance services provider, as part of a bigger investment by the fund manager. OCI’s investment is being made through Oakley Capital Fund V alongside chief executive Filippo Ceppellini, who founded the company […]
Blackstone, the US alternative assets group that won the bid battle for Warehouse REIT (WHR) in August, has struck a deal to take an 8.7% stake in rival bidder Tritax Big Box (BBOX). Confirming a Sky News report at the weekend, Tritax Big Box said it was buying a £1bn logistics portfolio from Blackstone in […]
