abrdn UK Smaller Companies Growth Trust has published results for the 12 months ended 30 June 2024. Over the year, the NAV total return was 18.1%, well ahead of the 10.0% return generated by its benchmark (the Deutsche Numis Smaller Companies, plus AIM, ex Investment Companies, Index). A narrowing discount meant that shareholders did even […]
On 25 July, JPMorgan European Discovery published details of a tender offer for 15% of its shares. Today, it has revealed that 81,976,778 shares were tendered, almost four times the maximum 21,160,028 shares that the company intends to buy back. As not everyone tendered, anyone who tendered 15% or less of their shareholding will get […]
Bluefield Solar reports the completion of Phase Two of its long-term strategic partnership with GLIL – the sale of a 50% stake in a 112MW portfolio of UK solar assets which had been 100% owned by Bluefield Solar. GLIL is a partnership of UK pension funds, investing into core UK infrastructure, including Local Pensions Partnership […]
Aquila European Renewables has entered into a sale and purchase agreement with Sunnhordland Kraftlag AS to sell its 25.9% interest in the Tesla wind farm for about €27.1m. Tesla is a 150 MW operating onshore wind farm located in Southern Norway, which was bought by Aquila European in 2019. The buyer is a Norwegian energy […]
In QuotedData’s morning briefing 5 September 2024: BioPharma Credit (BPCR) says it provided $132.925m of funding to Collegium Pharmaceutical to help fund its acquisition of Ironshore Therapeutics. BioPharma Credit already had exposure to Collegium through a $160.4m term loan. BioPharma Credit’s loans are part of a $645.8m senior secured loan funding package that was put […]
The results of the latest auction round (AR6) of government subsidies to support new renewable energy projects in the UK is in, and the news is good. Much better than last year’s effort. 3.3GW of new solar, 1GW of new onshore wind, 3.4GW of offshore wind, and 400MW of floating offshore wind have been announced, […]
Harmony Energy (HEIT) reported a 1.4% drop in NAV to £215.43m or 94.84p per share over the quarter to 31 July 2024. The decrease was mainly driven by a negative mark-to-market valuation of the company’s interest rate swap (-1.15p), partly offset by the positive revaluation of its Rusholme project following energisation (+0.30p). Target commercial operations […]
Baillie Gifford US Growth has published results covering the 12 months ended 31 May 2024. Over that period, the trust returned 16.2% in NAV terms, well-behind the 24.8% return posted by the S&P 500 Index. However, the shares moved from trading at a discount of 22.4% at the start of the financial year to a […]
In QuotedData’s morning briefing 22 August 2024: Pauline Ng has become an additional named portfolio manager for JPMorgan Asia Growth & Income (JAGI), working alongside co-managers Robert Lloyd and Ayaz Ebrahim. Pauline joined JPMorgan Asset Management in 2005 and is a country specialist for the Association of Southeast Asian Nations (ASEAN) equities and head of […]
Diverse Income Trust has published results for the year ended 31 May 2024. The NAV total return for the period was 16.5%, which it compares to 15.6% for a peer group selected by the trust, and 15.6% for the Deutsche Numis All-Share Index. (It also publishes an adjusted NAV which takes account of the performance […]
