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24 May 2022

Renewable energy funds hit by windfall tax rumour

A story in today’s Financial Times seems to have triggered a slide in the share prices of a number of renewable energy companies. Rishi Sunak is said to be exploring the possibility of a windfall tax on all energy generating companies, including those in the renewable energy sector, as well as oil and gas companies. […]

24 May 2022

Greencoat buying four French windfarms

Greencoat Renewables is buying a 65MW portfolio of operating wind farms in France from Axpo, Switzerland’s largest producer of renewable energy.  The acquisition comprises four wind farms, each of which benefits from long-term contracts with the French government.  The 16MW Arcy-Précy windfarm is located in the Burgundy region of France and consists of eight Vestas […]

19 May 2022

Growth sell-off dents Scottish Mortgage

Over the twelve months to 31 March 2022, Scottish Mortgage returned -13.1% in NAV terms and -9.5% in share price terms as compared to a 12.8% increase in the All-World Index. The chair says “these last couple of years have been extraordinary and do not offer a suitable timeframe over which to judge investment returns” […]

19 May 2022

AVI targets SK Kaken

Asset Value Investors (AVI), manager of AVI Japan Opportunities, has submitted shareholder proposals to SK Kaken addressing six issues which it feels contribute to that company’s poor share price performance, low valuation, and potential delisting from the Tokyo Stock Exchange (TSE). AVI says that, despite a high-quality business model and a dominant share of the […]

19 May 2022

HICL Infrastructure makes first broadband investment

HICL Infrastructure has invested in fibre broadband for the first time, buying a 55% shareholding in ADTIM SAS in France from DIF Capital Partners. Following completion, ADTIM will represent approximately 2% of HICL’s portfolio, by value. ADTIM is an independent wholesale fibre network providing low density rural areas in the South of France with 18,300km of […]

19 May 2022

QuotedData’s morning briefing 19 May 2022

In QuotedData’s morning briefing 19 May 2022: Interim results released today for Ecofin Global Utilities and Infrastructure (EGL) show that the trust is off to a great start in this financial year. For the six months ended 31 March 2022, it returned 14.1% in share price terms and 13.7% in NAV terms, both well-ahead of […]

17 May 2022

AVI calls for shakeup at NS Solutions

Asset Value Investors (AVI) has launched a public campaign on the submission of its shareholder proposals to NS Solutions, a subsidiary of Nippon Steel Corporation. NS Solutions is held by both AVI Global Trust and AVI Japan Opportunity Trust. Between them, they own 1.2% of voting rights of NS Solutions. Having first invested in March […]

17 May 2022

JPMorgan Multi Asset to match CPI inflation on dividend

JPMorgan Multi Asset Growth and Income has announced results for the 12 months ended 28 February 2022. Over that period, the company achieved a positive total return of 8.1% on its net asset value, an outperformance of 2.1% for the year, against the reference index (a total return of 6.0% per annum measured over a […]

17 May 2022

JLEN NAV up 14.6%

JLEN Environmental Assets says that its NAV at the end of March 2022 was 115.3p, up 14.6% from the value at end December 2021. Higher power prices added 13.4p to the NAV and inflation added 2.6p. NAV at 31 December 100.7p Less dividends paid in the quarter (1.7p) Power prices (excluding assets previously held at […]

17 May 2022

Schroder British Opportunities backs Mintec

Schroder British Opportunities Trust has made an investment into Mintec, the leading provider of food-related commodity pricing, via Schroders’ long standing investment partner Synova. Synova first invested in Mintec in December 2017 and has supported the company through a period of rapid growth, technological development, and international expansion. Synova’s investment helped Mintec launch their proprietary […]

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